Imagine applying the meticulous precision of engineering to the art of crafting a restaurant menu. Menu engineering is not just about listing dishes; it’s a strategic blueprint for boosting profits and delighting diners, making it a vital tool for savvy restaurant owners. Engineering a menu involves analyzing dishes to determine their popularity and profitability, enabling […]
For restaurant owners, recipe costing is an ongoing operational concern. Savvy managers understand that as food costs change, so will individual recipe costs. Keeping up with these price fluctuations can take considerable time away from other operational tasks, but ignoring these regular price changes can send your food costs spiraling out of control. Fortunately, a […]
Labor costs represent a significant portion of a restaurant’s expenses, so efficient management of server minimum wage and tipped wages is paramount. Operators must handle tipped wages precisely to maintain profitability and ensure compliance with federal and state regulations. Innovative solutions like Back Office’s new tipped wage automation feature are transforming how restaurants handle their […]
Restaurant managers have multiple responsibilities on a daily basis, so it can sometimes be difficult to determine where to focus your time and attention. Concentrating on how to reduce food cost percentage in restaurants can lead to big business rewards over time. With food costs representing a substantial portion of expenses, controlling these costs can […]
The most successful restaurants coach their management teams to keep a finger on the pulse of finances by regularly revisiting the question, “What is prime cost?” Many restaurants calculate prime cost and leave it to ride for far too long — weeks or even quarterly. However, you need to understand some fundamentals to truly manage […]
Managing a successful restaurant requires a mix of culinary skills and shrewd financial management. Understanding the balance sheet is key to gaining insights into your business’s health and future direction. This guide simplifies balance sheets for restaurant owners, showing how you can use them for smarter decision-making and sustained success. What Is a Restaurant Balance […]
Understanding how to calculate food cost – and then applying those figures strategically to business operations – is a prime driver of restaurant success. It’s a reality many seasoned restaurant leaders acknowledge, often by way of hard-earned, costly lessons. Historically, controlling food costs has been a challenging feat complicated by a dynamic environment with ever-shifting […]
In recent years, California has led the movement to increase the minimum wage. Assembly Bill 1228 (AB 1228), which went into effect April 1, 2024, requires quick-serve restaurants to pay employees a minimum wage of $20/hour. In addition, AB 1228 established the nation’s first Fast Food Council, a consortium of foodservice workers, government appointees, and […]
Running a successful restaurant is a delicate balancing act that requires attention to numerous details. From creating a mouthwatering menu to managing staff and providing excellent service, there’s a lot to consider. One often overlooked but critically important aspect is understanding which ingredients have the largest impact on your restaurant’s success. In this blog, we’ll […]
The restaurant industry’s margins are slim, so success strongly hinges on sound financial management. The demand for specialized accounting services has never been more pronounced than where we see it today. Restaurant owners have recognized the necessity of partnering with accountants proficient in both general financial practices and the intricacies of restaurant operations. These specialized accountants aren’t […]