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Category: Restaurant Financials

    Fine dining vs. Casual Dining restaurants | Which is more profitable

    Fine dining vs. Casual Dining restaurants | Which is more profitable Some chefs are paying attention to the restaurant industry’s latest styles, while others are making styles. Take one of the more unusual restaurants, for…

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    Checklists Before Opening a Restaurant

    Checklists Before Opening a Restaurant Have you ever wished to open your own restaurant one day? With more than 30,000 new restaurants each year in the United States, you are not alone. The problem arrives…

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    How To Increase Restaurant Sales Post Pandemic times in 2022

    How To Increase Restaurant Sales Keeping your sales in a restaurant amid intense competition and rapidly changing trends can be challenging. The key to success is looking for a balance between finding new customers by…

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    How to read profit & loss statement for a restaurant

    How to read profit & loss statement for a restaurant Managing a Profit & Loss Statement (P&L) in a restaurant business is an important task – and it can be difficult because your business is…

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    How to Optimize Manpower planning for a restaurant

    Manpower planning for a restaurant Is your restaurant labor cost around 15%? Well, you are doing ok. What about 20%? Well you may be draining your profit in salaries. Well you can’t remove your valuable…

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    What is restaurant profit margin and how to calculate?

    Understanding Restaurant Profit Margin The average profits margin for any restaurant can be an essential but also a tricky question to be answered. While profit margin may be a very widely available metric, it cannot…

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    How restaurant inventory control benefits cash flow & increase profit?

    What is restaurant inventory, and how to control it? A restaurant, or retail food store, consists of inventory. The inventory is a detailed list of all the resources, property, and merchandise connected to the business.…

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