Whitbread sells stake in Pure Cafe Introduction In a strategic shift aimed at optimising its business operations, Whitbread, a leading force in the hospitality industry, has recently made waves by divesting its stake in Pure Café. This calculated move is pivotal for Whitbread and has implications for the broader market dynamics. We look … Read more
First Published on: 24 Aug 2022 Restaurant Profit and Loss Statement: Understanding and Creating Them In the world of restaurants, where flavours and experiences take centre stage, there’s an often-overlooked backstage secret that separates thriving establishments from the rest: mastering the art of the restaurant profit and loss statement. As a restaurant owner or manager, … Read more
Launching Your Fast-Casual Restaurant Launching your fast-casual restaurant in the UK needs a mix of cooking passion and business smarts. This article guides you through creating a thriving place, discussing where it is, what’s on the menu, getting the correct permits, and hiring staff. We also examine how fast-casual differs from fast food and … Read more
First Published on: Oct 1, 2022 at 11:31 Restaurant Failures Why restaurant business fail The restaurant industry is especially prone to failure in the first year of operation due to low-profit margins, high staff turnover, and the challenges brought on by external economic forces. But, the 3 Most Common Reasons Restaurants Fail is because of … Read more
How Restaurants Make Money Introduction Ever wondered what makes a restaurant tick, beyond its mouthwatering dishes and inviting ambience? The intricate dance of revenue streams, ingenious pricing strategies, and resourceful management all come together to shape the captivating world of restaurant economics. Prepare to embark on a journey that unveils the secrets behind … Read more
UK Restaurants Face Significant Losses UK restaurants face significant losses as reported by the national accounting firm UHY Hacker Young. It reveals that a record 64% of the top 100 restaurant businesses in the United Kingdom are losing money daily. The percentage increased from 52% between 2018 and 2021 to 62% during the pandemic (2020-2021), … Read more
Last Updated: 28 July 2024 Cash Flow Forecasting Restaurants In the highly competitive landscape of the restaurant industry, effective cash flow management is crucial for sustainable success. Cash flow forecasting for restaurants plays a pivotal role in helping restaurant owners and managers make informed financial decisions, allocate resources efficiently, and maintain a healthy bottom … Read more
Restaurant Revenue Management Effective restaurant revenue management can be the difference between success and failure in the extremely competitive restaurant sector. Restaurant management must use strategic techniques to maximize income in the face of rising expenses, shifting client preferences, and shifting market dynamics. This article looks into the fascinating world of restaurant revenue management, … Read more
Restaurant Kitchen Management Welcome to the world of restaurant kitchen management! As any chef or restaurant owner would tell you, running a successful kitchen is a complex and demanding task. One of the most crucial aspects of this is managing your inventory efficiently. From ordering supplies to tracking expiration dates, a well-managed inventory system … Read more
Roles of a Restaurant Manager Are you curious about the role of a restaurant manager? Are you a foodie who’s always wondered what it takes to run a restaurant? Or maybe you’re a hospitality industry enthusiast looking to explore career options. Whatever the case, the role of a restaurant manager is a crucial one that … Read more
First Published: 2 August 2023 Understanding Restaurant Operating Costs Breakdown As a restaurant owner, having a deep understanding of the intricacies of operating costs is not just important; it’s vital for the success and profitability of your establishment. Operating costs play a pivotal role in shaping your business’s financial health and determining its competitiveness … Read more
Restaurant Profits One of the most important questions for a business owner is “How do you calculate a restaurant’s profit?” You must be able to answer this question if you want to succeed in the restaurant industry. Though it may seem like a difficult task, calculating restaurant profits is essential to operating a … Read more
Restaurant Management Mistakes As a restaurant manager, you are responsible for ensuring the success of your establishment. However, in the fast-paced and ever-evolving restaurant industry, it is simple to make errors and a string of restaurant management mistakes can harm your bottom line. UK Restaurant Market Report forecasts the sector’s value of £18.1bn … Read more
Successful Restaurant Manager A career as a Restaurant manager is a very demanding role that requires a great deal of skill and experience. To be a successful restaurant manager, you will be responsible for everything from the guests’ experience to the overall running of the business. As a successful restaurant manager, you will … Read more
Energy Consumption In Restaurants The first step in operating a restaurant is to figure out how much it costs to run. Energy consumption in restaurants is often the biggest surprise to new restaurateurs. The average outlay for a restaurant is around 70% of its gross sales. Whether it is a steakhouse, a cafe, or … Read more
