Technology is Invoice’s Best Friend

Hello, again Edge Readers. I hope today’s blog gets your restaurant business running to the max! Have you ever watched a restaurant before they open for business with a slew of delivery trucks? (If you haven’t, it’s a little bit messy). A bunch of people needing the attention of the managers and chefs? Well, each … Continue reading “Technology is Invoice’s Best Friend”

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Sitting Inventory and What It Really Costs

Hello EdgeReaders! As a restaurant/bar owner or manager, the key is to manage inventory 24/7. Cost of Good represents 20-40% of your left cost. While you need to have a certain amount of inventory on hand to make sure that you can serve customers their favorite drink (mine is piña colada!) or their favorite dish … Continue reading “Sitting Inventory and What It Really Costs”

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Is Online Ordering Really Important?

Today’s blog is important, especially now with all of the post-pandemic scenarios all over the world. By now you may have an idea that the biggest weapon you have in your restaurant’s -apart from great food- is your website. Online ordering is now a highly sought after by customers, and becoming more of a standard requirement … Continue reading “Is Online Ordering Really Important?”

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How Do You Track Your Inventory?

As a restaurant owner you have 3 options on how to handle the subject of counting your inventory. Don’t Count Count In Excel Spreadsheet Count in software

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Buying Smart

I spend my days talking to restaurateurs and chefs about their purchasing and inventory practices. It’s very interesting to hear so many different ways of running a restaurant, especially when it comes to managing food cost. When you get into food cost, it’s all about vendor selection and what they have to offer. There are … Continue reading “Buying Smart”

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Why do Most Restaurants Fail?

Most independent restaurants fail because they don’t spend the time to understand their largest cost, the cost of goods. Cost of goods represents as much as 18-40% of every dollar in sales. If not controlled, it can be much higher, and unfortunately, some restaurants don’t even know this number. Calculating the Cost of Goods Sold … Continue reading “Why do Most Restaurants Fail?”

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Rebate Management

The hospitality business is a business of saving every penny.  One of the easiest ways to add some profits to your business is through rebates. A rebate is a money that if offered by manufactures for buying their product. Rebates are available to anyone who buys qualifying products. Rebates are offered on many of the … Continue reading “Rebate Management”

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