Keep your restaurant competitive

With the arrival of smartphones and mobile applications, the world of restoration has had to adapt to new trends and technologies.

The effects of the COVID-19 pandemic on restaurants' already tight margins continue, with capacity restrictions, vaccine passport requirements, and, inevitably, the labor shortage.

Local delivery is a service that connects businesses with local delivery companies to get their products in the hands of their customers quickly and efficiently. A focus on neighboring delivery zones offers benefits like same-day delivery, lower commission fees and other perks.

Restaurant food cost is the ratio of the cost of ingredients (i.e. food inventory) and the revenue these food items generate when sold. Most of the time, it is referenced as a percentage. Determining the cost of food provides a clearer picture of how much money is being made or lost.

The food and beverage industry in Canada is saturated with over 97,000 bars and restaurants across the country (source). With this many restaurant businesses in the market, competition is rife and new small businesses often struggle to compete with the big chain franchises.

Although Google announced the changes of its cookie policy in January 2020, it was not scheduled to come into effect until at least 2022, and has since then been pushed back to 2023. They are currently on track to ensure their blocking of third-party cookies will be completed by this time. This gives restaurateurs more time to prepare and find alternative ways to get insights and data related to customer behavior.

Technology can be yet another secret weapon to boost restaurant performance, exceed customer expectations, and reduce the HR headaches.

The Covid-19 pandemic has induced distance between everyone. Not only did people have to physically distance due to social distancing measures introduced by the government, but many also became emotionally distant as they lost touch with the people around them.

A restaurant management plan is essentially a detailed business plan that encompasses all areas of restaurant development. From food costs to menu design, from floorplan to foot traffic and from hiring employees to financial projections, everything needs to be thoroughly thought out.

The Covid-19 pandemic saw virtually every industry take a hit but one of the industries that has suffered the most is the food and drink industry. Due to social distancing measures and an emphasis being put on public health and safety, the Canadian government enforced a lockdown that forced restaurants, bars and other food establishments to shut their doors.

It is virtually impossible for a business to thrive these days without utilizing the digital and technological sphere. The internet is the space in which most customers and consumers get their information and recommendations. It’s the place where their interests get piqued.

Canada Day and Fourth of July: two national holidays marked by festivities which bring its fair share of opportunities for restaurateurs. Here are our tips to make your restaurant shine during national holidays