Beer 🍺can be one of the most profitable segments at your restaurant or bar - and beer sales often exceed food sales in many operations. But in light of restaurant supply chain issues, labor shortages, and other challenges in the foodservice industry - what's on the horizon for beer? Before we look into the future of the beer industry, let's start by looking at sales trends over the past few years, and how that could impact what's coming in 2024 + beyond: https://hubs.ly/Q02ng2Cg0 #commercialrefrigeration #foodserviceequipment #beerindustry #foodserviceindustry
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Although restaurants faced some tumultuous years, the food service industry has started to pick back up. However, competition in the food industry is stronger than ever, with analysts predicting 45% higher competition than last year. This could explain why ten popular restaurant chains filed for bankruptcy this year alone. Although Denny's has been serving its customers for over seven decades, the company is among those affected by the heightened restaurant competition. Here's what's next for Denny's: https://trib.al/ou0ukWy
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"According to Technomic’s long-term foodservice outlook, off-premise will rise from 54% of restaurant sales in 2023 to 61% of restaurant sales in 2030,” ... Any owner operators have any opinions or thoughts on this quote about food delivery services and to-go food being over half of a restaurants sales? And over 61% slated by 2030?
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Check out why foodservice businesses are choosing Buvetti pizza base solutions. While you’re there, get the latest updates on our Pizza Academy. Visit our website now! 🍕🔗 buvetti.com.au #PizzaSolutions #Buvetti #FoodService #CulinaryInnovation
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FOOD INDUSTRY NEWS: Of the 6% year-on-year increase in same-store sales, sweetgreen attributed 5% to raising menu prices and just 1% to an increase in traffic in its restaurants. For the full year, revenues increased 24% over 2022, to $584 million. 🥗 #salad #quarterlyresults #earnings #fastfood #foodindustry #newsletter
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Business and economic development leader building strong and productive relationships to drive forward progress.
Let’s chat about why you should be considering Virginia!
The food and beverage processing industry is Virginia’s largest manufacturing sector and continues to make major strides. Many food and beverage processing companies chose to locate or expand in Virginia, creating over 200 new jobs and investing nearly $200 million just this year alone. https://hubs.ly/Q02Zzg_B0
Food & Beverage Processing in Virginia
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Director Bijur Sooper Foods | Ready To Cook Products| D2C B2C B2B | FnB Entrepreneur | Manufacturer| Exporter | Innovator | Leadership | Flavourist | Visiting faculty ITM Business School, Kharghar
"Simplify Dessert Preparation with Our Cake Mix Convenient | High-quality | Consistent results Ideal for restaurants, bakeries, dessert shops & foodservice providers. Explore our instant mix & premix solutions! #DessertInnovation #FoodServiceSolutions #CakeMix #BakingEfficiency"
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Director Bijur Sooper Foods | Ready To Cook Products| D2C B2C B2B | FnB Entrepreneur | Manufacturer| Exporter | Innovator | Leadership | Flavourist | Visiting faculty ITM Business School, Kharghar
"Upgrade Your Dessert Menu with Brownie Mix Convenient preparation Consistent quality Rich, fudgy texture Ideal for: Restaurants Dessert shops Bakeries Foodservice providers Explore our instant mix and premix solutions! #DessertInnovation #FoodServiceSolutions #BrownieMix #DessertMenu"
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According to Circana broadline distributors represent about 41% of the total foodservice volume. Broadliners move more than 91 million pounds of #mushrooms a year up from 69 million pounds in 2020. ➡️ Full-service restaurants (FSRs) represent 56.3% of mushroom pounds sold through the broadliners, down from 60% in 2019 ➡️ Quick-service restaurants (QSRs) represent 27.4% of broadliner mushroom sales, up from 22.0% in 2019 ➡️ Other growing channels are non-commercial, college dining and senior living. Within FSR broadliner mushroom pound sales, #pizza restaurants are the second-largest seller behind bars and grills, representing nearly 12% of pounds. This share is unchanged over the past few years. For more foodservice insights, visit www.mushroomcouncil.org! #MushroomsOnTheMenu #Mushrooms #Foodservice
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I help restaurants Maximize profitability and Scale Up | Strategic Advisor | CFO | Private Equity
If your restaurant's profitability is low, odds are the low-hanging fruits of this widespread concern lie in two places: 1) Food usage- The variance between what the restaurant SHOULD be using vs. what they are ACTUALLY using. Our experience is that the variance is between 10-20% with the restaurants that we worked with. Many restaurants think they don't have this issue until we isolate the $ leakage and its causes. - Research show that 72% of #restaurants report problems adhering to recipes. 2) Food and OPEX pricing- You need to tap into the manufacturers for bigger savings and get into a contract with your distributor to fix the mark-ups. -The National Restaurant Association reports that restaurants that work with GPOs save an average of 15% on their purchases. Our experience at Accross Restaurant Consulting Services is consistent with the NRA's number. Contact us for a free consultation if you want to save 15%-20% overall in your food and OPEX costs.
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Even though a quarter of the restaurants on this year’s Top 100 Independents list saw sales declines over the previous year, these resilient operators implemented some crafty pivots. Kyle G's Prime Seafood and Steaks claims the #99 spot. Dive deeper to see how this segment collectively grossed nearly $2 billion in food and beverage sales in 2023 with Restaurant Business Top 100 Independents list. https://lnkd.in/g8C5-qVr
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