'What’s the one key ingredient – figuratively speaking – of your restaurant’s ultimate success? Some restaurant or bar owners think it’s all about location, location, location. Others may lean toward a loyal customer base. And don’t forget about seasonal swings and capitalizing on the “perfect timing” aspect of sales. All valid “ingredients,” for sure. But have you considered the importance of menu pricing as a key driver of revenue and profit? Think about it this way: whatever type of eatery you run (restaurant, bar, catering service, food truck, etc.), day in, day out purchases off your menu are the most consistent source of income. And finding the right balance to offer customer value and optimal profit is critical to a profitable enterprise. Read the full Blog Post: https://rasiusa.com/blog/restaurant-menu-pricing-the-secret-to-your-restaurant-success/ Listen to the full Podcast Episode: https://spotifyanchor-web.app.link/e/do5zkQbwXub Social Handles: RASI Instagram: https://www.instagram.com/rasinc__/ RASI Twitter: https://twitter.com/RASInc_ RASI Facebook: https://www.facebook.com/RestaurantAccountingServicesInc RASI LinkedIn: https://www.linkedin.com/company/restaurant-accounting-services-inc-rasi Chapters: 00:00 Intro 1:20 Fundamentals of Pricing a Menu 2:45 Restaurant Menu Pricing Based on Ideal Food Cost Percentage 3:25 Food Cost Percentage Example 4:35 Ideal Menu Item Pricing Formal [+ Example] 5:41 Additional Factors to Consider When Pricing Your Restaurant Menu #RASI #FocusOnFoodNotFinances #restaurantaccounting #restaurantaccountingservices #restaurantaccountingsoftware #restaurantpurchasing #restaurantpurchasingprogram #restaurantbudgets #restaurantbudgeting #foodcosting #menuengineering #restaurantoperations #restaurantpayroll #restaurantHR #restaurantcompliance #restaurantconsulting #restaurantinventorymanagement #openingarestaurant #restaurantstartup'
Tags: restaurant accounting , restaurant accounting software , restaurant accounting for dummies , restaurant accounting tips , restaurant menu pricing , pricing a menu , menu pricing formula
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