10 Signs Your Restaurant is Failing and What You Should Do

Posted by Saif Alnasur on Mar 31, 2018 5:35:00 PM

Is your restaurant having trouble bringing in customers? Do they often leave unhappy and with a long list of complaints? Does your restaurant's management do a terrible job of dealing with day to day operations? Maybe it's time to face the truth - you are doing something wrong.

Owning a restaurant is by no means an easy task. Owning a failing one on the other hand is even harder.

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Topics: Restaurant Management, Restaurant Finance

9 Tips for Effective Restaurant Accounting (with Free Restaurant Profit and Loss Template)

Posted by Saif Alnasur on Feb 7, 2018 11:08:00 AM

Running a restaurant can be an incredibly exciting and rewarding endeavor. This comes at a price though. And for some, one of the most crucial elements of restaurant operation is often overlooked – restaurant accounting.

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Topics: Restaurant Finance

How to Lower and Control Food Cost at Your Restaurant

Posted by Saif Alnasur on Dec 17, 2017 10:21:16 AM

When you’re in the restaurant industry it’s not unlikely for your main products to also be your biggest financial drain. That's because without practicing food cost control methods at your restaurant, it is very easy to start slipping into the red.

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Topics: Restaurant Finance

Cutting Food Costs and 9 Other Ways to Save Money at Your Restaurant

Posted by Saif Alnasur on Dec 17, 2017 9:42:22 AM

High start up and operational costs can oftentimes make running a restaurant feel like a bottomless money pit. As a result, restaurant owners are constantly looking for new methods of saving money without having to skimp out on quality. 

One of the first methods restaurant operators turn to is usually trying to lower their food cost. While this strategy might work for a while, ultimately a restaurant's food cost should only account for about 25% of total expenditure.  Meaning, the other 75% of money flowing in and out of a restaurant also needs to be considered and optimized. 

Below is a typical restaurant cost structure for a medium quick service restaurant.

Restaurant Cost Structure:

  • Marketing - 10%
  • Rent - 10%
  • Labor - 15%
  • Overhead - 20%
  • Food Costs - 25%
  • Net Profit - 20%

As seen above, average food cost shouldn't go above 25% of your total restaurant costs. If you've already taken the time to pinpoint the causes of your high food cost, and experimented with food cost saving ideas, your efforts aren't entirely wasted.

There are numerous other outlets within your restaurant to save money. Namely, labor, overhead, and marketing. This article will go over a few simple changes you can make at your restaurant today that can make a world of difference in terms of savings. 

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Topics: Restaurant Finance

Ultimate Guide to Successfully Running a Restaurant

Posted by Saif Alnasur on Dec 6, 2017 2:50:10 PM

The food and beverage industry is by no means an easy one to be in. With new brands launching every day, continuously changing tastes, and new ways to capture potential customers, it is both the best and worst time to be in the restaurant business. Instead of having to scour the internet for resources, we've put together everything you need to help you successfully run a restaurant.

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Topics: Restaurant Marketing, Restaurant Management, Restaurant Industry, Restaurant Manager by Eat, Restaurant Finance, Restaurant Guides, Restaurant Social Media, Restaurant Software, Case Studies

How to Write a Restaurant Business Plan

Posted by Saif Alnasur on Nov 23, 2017 6:19:27 PM

Have you decided to open a restaurant? No matter how many friends assure you it will do well or how many countless hours you've spent coming up with the concept in your head, you are going to need a restaurant business plan. A restaurant business plan is the framework from which you can start to piece together everything from your restaurant management to menu design and develop your restaurant ideas into a reality. 

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Topics: Restaurant Management, Restaurant Industry, Restaurant Finance, Restaurant Guides

VAT Implementation in UAE and Its Impact on the Restaurant Industry - What you need to know

Posted by Saif Alnasur on Nov 16, 2017 5:25:54 PM

With VAT officially going into effect on January 1st 2018 in the UAE, now is a good time for all businesses, including restaurants, to take steps towards a proper implementation of VAT in their business processes. Restaurants should be ready with trained finance professionals or external consultants to update their account software to issue tax invoices to their customers.

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Topics: Restaurant Industry, Restaurant Finance

How to Calculate Food Cost at Your Restaurant (Free Food Cost Calculator)

Posted by David Feuillard on Aug 7, 2017 10:19:18 AM

Whether you're putting together a menu for your newly opened restaurant or trying to budget for weekly expenditures, calculating food cost is one of the most essential pieces of information you can possess as a restaurant owner/operator. It forms the basis of proper restaurant accounting. 

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Topics: Restaurant Finance, Restaurant Guides