Merchant Cash Advance Blog

Advances in technology have made it much easier to analyze data associated with the restaurant industry and forward thinking owners are using this information to maximize restaurant revenue and optimize every aspect of their business.  The ability to analyze large amounts of data and integrate different systems to better align each aspect of your business has revolutionized the way restaurant owners make decisions.  An investment in new technology so that your POS system talks to your inventory and accounting software will make forecasting more accurate and provide insights into many other vital aspects that affect your bottom line.   Basing your decisions on data means that your numbers need to be accurate and reliable.  You also need to ensure you have a large enough sample to derive your conclusions from. 

St. Patrick’s Day is steeped in tradition but also offers a significant revenue opportunity for bar and restaurant owners.  It’s considered one of American’s favorite days to get out and have a good time and the bar and restaurant industry serves as the primary beneficiary.  Here we’ve outlined a few ways you can maximize restaurant and bar revenue on the St. Patrick’s Day holiday.

There will be times when your restaurant needs additional cash flow to operate and grow. It's just the nature of the business. Perhaps you've got a slow time of the year and a major expense has come up, or you've had a setback elsewhere and you want to ensure quality doesn't suffer in the kitchen or at the table.  A loan can mean high interest, a complicated repayment plan, and a lengthy process that can be difficult to finish.  Here's what a merchant cash advance can do for any restaurant.

The restaurant industry is constantly changing and owners need to be willing to make continual improvements to remain competitive.  In order to create the most appealing atmosphere you’ll want to stay current with the latest trends.  The reality is, however long you have owned your business there is always something that could be improved.  Whether it’s a minor tweak or a major overhaul each task can have a significant impact on the longevity of your business.  With the scene of ‘what is in’ constantly changing, here are several ways you can grow your business and increase restaurant revenue.

The raw materials needed to create your dishes represent a significant portion of your overall budget and their cost largely determines the profit margins for your business.  There are many factors to be considered when analyzing food costs and each one should be taken seriously.  In order for your restaurant to remain profitable and maximize revenue you need to be aware of all of the aspects that impact food cost.  As a restaurant owner keeping a vigilant eye on these costs can mean the different between a thriving business and a struggling one.  The quality of your ingredients should never be compromised in order to save money and doing so can be disastrous.  Instead, we’ve developed a list of checkpoints that should be used to ensure food costs do not cut into your bottom line.