Cash Control in Restaurant Management Why Cash Control Defines Restaurant Success Running a restaurant isn’t just about great food and good vibes—it’s a business built on hundreds of daily transactions. Cash control in restaurant management is about every bill paid, tip counted, and refund processed, which affects your bottom line. And while passion … Read more
Running a Lean, Profitable Operation Restaurant Is your restaurant’s profit margin shrinking, revenues stagnating, or expenses going up? It is time to make a dramatic strategic adjustment to face these difficulties straight on. Implementing new ideas can help you reinvent your route to success and thrive in a difficult economic climate! Running a … Read more
Restaurant Turnaround Strategies Many restaurants struggle to make it past their first few years – that’s no secret, and plenty of studies back it up. You’re not alone in this. But hitting tough times doesn’t mean the end of the road. Struggles don’t have to equal failure. With the right changes and the right … Read more
First Published: 1 February 2024 Guide To Restaurant P&L Mastery If you’ve ever thought about how your favourite restaurant manages its money or dreamt of starting your own food business, learning to read a Restaurant Profit and Loss (P&L) statement is super important! This essential skill helps in assessing how well the company is … Read more
First Published: 15 August 2023 Pricing Strategies You Can Use When it comes to pricing your food, there are a lot of factors to consider. Whether you’re a small business owner or running an established restaurant, it’s important to price your food correctly so that you can make a profit. In this blog post, … Read more
First Published: 4 May 2023 Most Profitable Restaurant Types The UK’s restaurant industry is showing strong signs of recovery, and understanding the most profitable restaurant types has never been more critical. With the market expected to surpass £110 billion by 2025 (Statista), operators face new challenges post-pandemic. With tighter margins, rising labour costs due … Read more
How to Improve Restaurant Profitability Ratios Running a restaurant is like being the captain of a ship in unpredictable waters. Some days, you’re riding high on packed tables and flowing drinks; other days, you’re staring at slow sales and rising costs, wondering if you’ll ever see smooth sailing again. But if there’s one thing … Read more
First Published: 1 April 2023 What Is The Best Accounting Method? The best accounting method for a restaurant depends on the specific needs of the business. The two most commonly used accounting methods for small businesses, including restaurants, are the cash basis and accrual-basis accounting methods. Cash basis accounting records revenue when cash … Read more
First Published: 8 December 2023 Restaurant Gross Profit Margin Your focus as a restaurateur should be on your restaurant gross profit margin percentage. It’s what you have left over after you’ve met all expenses directly related to selling your product (primarily cost of goods and direct labour). The most surefire way to calculate … Read more
Guide to Restaurant Financing Opening or expanding a restaurant requires substantial financial investment. How hard is it to get a loan for a restaurant, examines the various financing options available to restaurateurs, helping you make informed decisions about securing the necessary capital. Understanding Restaurant Financing Securing adequate funding is crucial for restaurant success. … Read more
The 7 Most Profitable Restaurant Foods and Insights into the Restaurant Business Running a profitable restaurant is a complex and challenging task, requiring culinary expertise and a keen understanding of restaurant business economics. The food you serve plays a significant role in your restaurant’s profitability, with some menu items offering higher profit margins than … Read more
First Published: 10 October 2023 Restaurant Funding In the exciting world of running a restaurant, having enough money is the key to turning your food dreams into reality. Whether you dream of opening your first restaurant or expanding your existing one across the UK, finding innovative ways to fund your restaurant adventure is crucial. … Read more
First Published: 8 November 2023 Understand Your Gross Profit Margin In the challenging world of restaurants, running an efficient restaurant isn’t just important – it’s a must if you want to succeed. One of the big things every restaurant owner needs to figure out is how many customers they can serve each day and … Read more
How To Increase Restaurant Profits Are you struggling to increase your restaurant profits? You’re not alone. Many restaurants face significant challenges, often closing within the first few years. But with the right strategies, turning your restaurant into a profitable venture is entirely possible. This article will explore how to increase restaurant profits and ensure … Read more
First Published: 30 March 2023 How To Manage Restaurant Finances Managing the finances of a restaurant is a critical aspect of running a successful business. It involves monitoring income, expenses, and cash flow, analysing financial statements, and using financial ratios and metrics to evaluate the performance of the business. In this article, you will … Read more
