Common restaurant operations mistakes – and how to fix them
During the COVID-19 pandemic, running smooth restaurant operations has become harder than ever. Thankfully, some surefire tips can help.
labour cost
Scheduling software firm 7shifts launches new app for multi-location restaurants
Press Release 7shifts, which provides cloud-based solutions to help restaurant managers schedule, evaluate, and communicate with their workforce, announced the release of their latest product offering that provides real-time labour intelligence across all locations. The Enterprise Dashboard tracks key metrics such as total sales, labour percentage, sales per labour hour and overtime in real-time. Restaurant […]
The impact of increasing labour costs
By Geoff Wilson and Andrew Waddington, fsSTRATEGY Inc. There is no question that profit margins in restaurants are sensitive to changes in labour cost. As a prime cost, labour cost comprises nearly one-third of revenue; second only to (in fact, sometimes greater than) cost of goods sold. The degree to which a restaurant may shoulder […]
Prime cost and why it matters the most
By Ryan Karolak If you’re in the restaurant world then you are well aware that margins are slim and competition is fierce. High food quality, a great staff and a strong reputation are increasingly necessary to survive as a restaurant in a big city. Of course, all of these things independently cost a lot of […]