If you own a restaurant, you have more than likely taken a massive financial hit during this pandemic. With people not allowed to be out and about, they probably won’t be spending any unnecessary cash, maybe because you lost your job. Or maybe because you are trying to prepare for an even worse lock-down that looks like it is in its way.

Working anywhere right now can lead to a serious health problem for some. If you have a weak immune system or are older in age, you are wildly susceptible to this disease.

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You finally did it, you bought the restaurant of your dreams and it is performing very well. You’ve invested so much time, money, effort, blood, sweat, and tears into this restaurant. It will come as no surprise that you won’t want to consider rebranding your restaurant, this project is essentially your baby and you will do anything to protect it.

But what if rebranding is the only way to save your restaurant? The market is constantly changing along with the wants and needs of consumers. With new restaurants popping up every day, you need to be able to compete with them.

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Restaurant rebranding can be a great way to keep current customers, but to also appeal to new customers. Whether you just want to modernize your restaurant or you need to attract new talented chefs, there are a lot of reasons to consider a restaurant rebrand.

There have been some great rebranding campaigns done by well-known restaurants that you can model your restaurant rebrand after. Whether you want to strive for social media greatness like Wendy’s or use some celebrities to promote interesting thoughts like Chipotle, modeling yourself after successful restaurant rebrands is a good option.

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Opening and running a restaurant can be risky, especially now with restaurant operations being changed all across the country. However, there are still successful restaurateurs out there earning money during the pandemic.

If you are interested in starting a business during this time, we offer restaurant consulting to help get you up and running. We know the ins and outs of the system and can assist whether you are a franchisee or own your restaurant. Who knows, maybe you could make this list someday!

So, who exactly are the restaurateurs that are crushing it still in 2020?

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COVID-19 has changed the way that many businesses need to be run. Many people are working from home to protect themselves and their families, plus, stores that are still open are enforcing stricter cleaning guidelines.

Restaurants have been able to stay open under certain conditions. If you are running a restaurant, you have had to implement many of these changes. But, how do you ensure your business’s survival with most people staying at home?

These are the 5 survival tactics for running a restaurant during COVID-19.

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You may be curious about what the pandemic means for restaurant food costs. You may also have noticed that your restaurant or grocery bill is a little higher than usual. With the coronavirus pandemic spreading, it seems like the price of everything steadily rising.

Keeping calm in tough times is an important part of running a business. If meat prices are taking a toll on your wallet, there are steps you can take to reduce the impact of expensive food. One of the first things you do is to talk to a business consultant.

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There always were advantages to restaurants offering online ordering. Many people prefer to order online and have their food ready for them by the time they pick it up. Others are shy and would rather order using an app than calling in, so having mobile ordering reaches a broader range of customers.

Convenience is a major part of the digital age- it is much easier to push a few buttons on your phone than go out to buy your food. Plus, with the pandemic, it is also safer to order online.

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Food costing is one of the most stressful aspects of managing your restaurant’s profitability because it’s based on so many variables. Doing the proper research into certain aspects of the market and managing your inventory consistently can help you find the right food costing solutions to your restaurant’s profit margins.

How do you do that? Here are 5 food costing solutions that are popular among restaurant managers as solutions to problems of profitability.

1. Keep track of the food market

There are statistics available that track food prices over time, which will tell you whether fruit or veal is predicted to increase or decrease in price in the coming months.

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Maintaining an effective inventory revenue margin requires both the right infrastructure in terms of personnel and technology and the right practices. Only a multi-modal approach to your restaurant’s inventory can maximize your profits and promote strategic revenue management.

Here’s a short guide on 5 tips for how to manage your inventory successfully in a restaurant setting.

1. A Proper POS system

A POS, or point of sale system, is essential to running a modern products-based business like a restaurant. They are useful both for single-site locations and for managing the inventory of multiple locations at once.

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It is common knowledge that restaurant management consists of many different moving parts, but not everyone thinks about what role beverage management plays in this industry. With recent trends showing a major rise in beverage purchases, customers are looking for unique and interesting ways to consume a mid-morning or afternoon indulgence.

With this rise in beverage importance, customers are demanding a larger variety of choices with more distinct flavors and styles available. Although this is a way for your business to earn more money through drink sales, this can also raise your beverage costs by requiring you to have more options on hand than before.

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