Drishit Popat’s Post

Understanding your Average Order Value (AOV) is crucial for driving profitability in any business—especially in challenging times like the pandemic. Here’s how one restaurant adapted to boost their AOV: 1️⃣ Elimination of Low-Performing Products: By cutting out menu items that weren’t selling, the restaurant freed up inventory space and reduced costs. 2️⃣ Leveraging New Opportunities: When Virginia allowed restaurants to sell to-go drinks during the pandemic, it created an opportunity to significantly increase order values. 3️⃣ Monitoring Costs: Understanding the importance of precise product measurements—like cocktail pours—can prevent financial losses and maximize profit. The takeaway? Knowing how to manipulate AOV can transform your business strategy. Don’t just sell; sell smarter. #BusinessStrategy #AverageOrderValue #RestaurantManagement #Profitability #GrowBusinessPodcast #RVASmallBusinessNetwork

Scaling your restaurant business? It's not just about opening new locations. 🔥 Key challenges faced by growing restaurant groups: • Inconsistent margins across venues • Labour costs spiralling out of control • Food waste eating into profits • Difficulty maintaining quality as you expand How are you tackling these issues? AI might be the answer. Our CEO Conor Sheridan recently spoke to Foodservice Equipment Journal (FEJ) about overcoming these #scaling risks in hospitality. Curious to learn more? 👀👀👉 https://lnkd.in/exaU3tJx

Are you a quick service restaurant business looking to digitally transform how you work?    Our tools can help you manage everything from your food safety to your recipe data, so you can make smarter decisions through centralised, real-time and cross-functional collaboration.     #QSR 

According to a Mckinsey Global Institute study, data-driven restaurants are: ✅ 23x more likely to acquire customers ✅ 6x as likely to retain customers ✅ and 19x more likely to be profitable Check out our latest video tutorial to learn how you can use GloriaFood's Reporting module to track growth and generate revenue. #restaurantowners #restaurantindustry

Attention restaurant owners and operators: The future of your business just got smarter. MRGN 2.0 is here to revolutionize the way restaurants optimize costs, improve efficiency, and grow their margins. What’s new in MRGN 2.0? 🍽️ Live Ingredient Pricing: Control your COGS like never before with real-time data. 🍽️ Actionable Insights: Spend smarter with AI-driven analytics tailored for your business. 🍽️ Menu Optimization Tools: Maximize profitability and popularity of your dishes. We built this upgrade with YOU in mind—because thriving in today’s market requires smarter, data-driven decisions. 👉2-week free trial https://hubs.ly/Q02-f8SR0 Experience MRGN 2.0 today and transform how your restaurant operates. #MRGN2Point0 #RestaurantTech #AIForRestaurants #MenuOptimization #SmarterMargins

Unlock Insights with ServeEasy’s Dashboard 📊 Access real-time data on sales, trends, and performance all in one place. Make data-driven decisions to boost growth and streamline your restaurant. #serveeasy #businessintelligence #restaurantanalytics #datadriven #growth

🚀 Elevate Your Restaurant’s Success with InsideTrack's Price Verification Service! 📊   In the ever-evolving world of the restaurant industry, staying ahead requires more than just great food and service. It’s about understanding your operations inside and out. That’s where our auditing service comes in!   At InsideTrack, we help restaurants uncover hidden opportunities and streamline processes. Here’s what our auditing service can do for you:   🔍 Identify Inefficiencies: Our thorough audits pinpoint areas for improvement, helping you optimize both operations and costs. 📈 Enhance Profitability: With actionable insights, you can make data-driven decisions that boost your bottom line. 📊 Stay Competitive: Understand market trends and how you stack up against your competitors, ensuring your restaurant remains a top choice for diners.     Curious to learn more? Let’s connect and explore how we can help your restaurant thrive! #RestaurantManagement #DataDriven #InsiderTrackData #Auditing #Efficiency #Profitability #HospitalityInsights

Running a restaurant is a non-stop job, and its success majorly depends on serving great food, offering excellent service, and creating a unique atmosphere that everyone loves. Making smart decisions in this business is crucial, and while relying on natural instincts and years of experience is common, using the data of customers has changed the game: https://lnkd.in/e-pMUzM6 #ExcellentService #SmartBusinessDecisions #CustomerData

Are You Losing Money in Your Food and Beverage Business? 📉 If you're in the food and beverage industry, you know the challenges of keeping your business profitable. Whether you run a restaurant, café, food truck, or any other F&B establishment, financial stability is crucial for sustainability and growth. However, many businesses in this sector find themselves grappling with losses that eat into their bottom line. Addressing these challenges requires a proactive approach and a willingness to adapt to the ever-changing landscape of the food and beverage industry. By implementing strategies to reduce waste, optimise costs, improve efficiency, and enhance the overall customer experience, you can steer your F&B business towards profitability and long-term success. Remember, every challenge presents an opportunity for growth and improvement. 🚀 #FoodBusiness #RestaurantIndustry #Profitability #BusinessTips15 m

Foodservice News 🗞 Nation's Restaurant News released an article exploring how quick-service restaurants (QSRs) are increasingly prioritizing purpose and values over simple price competition. Purpose over Price! Do you agree? A few highlights: - The challenges of maintaining customer loyalty amidst rising costs. - Successful strategies where QSRs engage with communities and create meaningful experiences beyond just selling food. - On the surface, the customer may appear to be looking for discounts, but on a deeper level, savvy marketers have come to find many customers are looking for meaning.