Add more revenue through CATERING
A letter from David Scott Peters: As a restaurant owner, you are always looking for ways to capitalize on your existing customer base and increase the frequency of their visits. And a few new [...]
How to increase profit margins with a waste sheet
When food costs rise, profit margins sink and restaurant owners must take action. Last week, I outlined one of two simple tools you can use to lower your food costs, the key item report. This [...]
By Fred Langley
Posted Two simple tools that lower restaurant food costs
Food costs are on the rise and restaurant profit margins are taking hits. While there is a laundry list of systems you can use to reduce your food cost — such as attacking your descending dollar [...]
How to reach your restaurant’s target prime cost
In this post I explained what makes up your prime cost and why it’s so important. I also revealed to you that your restaurant’s target prime cost should be 55 percent, in most styles [...]
Set Prices to Avoid Mistakes – Part 5
By David Scott Peters Restaurant Tip of the Week Happy hour pricing Restaurants that offer happy hour specials usually lower the sales price of well liquor and/or domestic draft beer. The sale [...]
Set prices to avoid mistakes – Part 4
By David Scott Peters Restaurant Tip of the Week Pricing doubles A double made with twice as much product as a regularly prepared highball is extremely potent, costly and steeped in liability. It [...]
Set Prices to Avoid Mistakes – Part 3
By David Scott Peters Restaurant Tip of the Week List the sale prices for each product in the operation’s liquor inventory with a corresponding portion. For example, the listed sale price for an [...]
Know What to Charge in Your Restaurant
By David Scott Peters Restaurant Tip of the Week Maximize your profit potential Pricing is a critical decision for any operator. So how do you figure out what to charge? It’s up to you to decide [...]
Market Surveys to Set Pricing
By David Scott Peters Restaurant Tip of the Week Use a market survey to check your business When deciding what to charge for your menu and drink items, it’s helpful to know what others around you [...]
Making Your Restaurant Bar Pricing Server Friendly
By David Scott Peters When developing the price lists for your bar, your goal is to establish a set of prices that will yield the highest potential profit margins and cause the products to sell [...]
