69 Tips for Better
FOOD & BEVERAGE PROFIT
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What's Inside?No text book here! This is a solid DIY field guide to help you improve profit and operational performance. Built on a stack of realistic tips and action plans you can use today to have better profit tomorrow. Starting from today, you can improve the profit and financial performance of your F&B establishment and build on the relationships with your key stakeholders.
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Labour Cost Tips
Labour cost is a pretty rigid number, the dollar value of your labour divided by your revenue will express these numbers as a ratio, a percentage.
Using this calculation can help compare it to past performance or your current budget, but what about staff productivity? What about the number of guests served per server on days, evenings, and weekends? |
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Food Cost Tips
All too often we overlook many of the critical ways we assess food cost, and the way we control it that benefits our customers and our establishment.
Do you have a high enough inventory turnover? Any slow selling menu items to revamp? Do you have good relationships with your suppliers? |
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Beverage Cost Tips
It’s essential to establish separate cost categories or groupings for Liquor, Wine, Beer, and Draft Beer because their cost of sales are completely different than one another - the amount sold for each category has a profound effect on the cumulative beverage cost.
Overall beverage cost will provide clear numbers that you can use to manage the profitability of your establishment. |
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Realistic Tips for:
There is often little support in the hospitality industry for managers and even less support for the entrepreneurs that choose to make their life. |
Working in a hotel or restaurant is a great adventure and working in Food & Beverage is a constant challenge. Every day brings new discoveries. It is a non-stop learning experience. As the owner, operator or manager, of an operation, I am sure you love all of these challenges; it is what makes the job so interesting!
Mike Walmsley has been working in the industry for more than 20 years, and still loves it! As a teacher, Mike understands the importance of learning. Without learning, businesses plateau and then lose customers. In this fast-paced environment, having the right information is key.
Information is all around us and sometimes it is overwhelming. Which website, book, magazine has it right? Why is it so complicated to get a simple solution to what looks like a simple problem, before it gets out of control? So, when someone manager to match the right tip to the problem you are experiencing, without having to go through pages and pages of useless theories, this is a definite breakthrough. And, when these tips and solutions come form one of the most seasoned managers in the industry, it is a real bonus!
In the Tips Series of books, you'll find practical knowledge that breaks down some difficult topics and coming up with simple and realistic tips to improving your bottom line while resolving situations. This is genius and, most importantly, very helpful! As you will see, this book is really easy to read; it is designed that way. It is also designed to stay in your mind. No big theories here, just simple ways to deal with various situations and improve your bottom line. Every situation is immediately relatable; the tip that comes at the end, however, will sometimes surprise you and intrigue you, and will definitely help you.
These books have so much information that are very helpful in schools, and for management teams. You will find some great solutions in these books to help you continue your journey for better food and beverage profit!
Mike Walmsley has been working in the industry for more than 20 years, and still loves it! As a teacher, Mike understands the importance of learning. Without learning, businesses plateau and then lose customers. In this fast-paced environment, having the right information is key.
Information is all around us and sometimes it is overwhelming. Which website, book, magazine has it right? Why is it so complicated to get a simple solution to what looks like a simple problem, before it gets out of control? So, when someone manager to match the right tip to the problem you are experiencing, without having to go through pages and pages of useless theories, this is a definite breakthrough. And, when these tips and solutions come form one of the most seasoned managers in the industry, it is a real bonus!
In the Tips Series of books, you'll find practical knowledge that breaks down some difficult topics and coming up with simple and realistic tips to improving your bottom line while resolving situations. This is genius and, most importantly, very helpful! As you will see, this book is really easy to read; it is designed that way. It is also designed to stay in your mind. No big theories here, just simple ways to deal with various situations and improve your bottom line. Every situation is immediately relatable; the tip that comes at the end, however, will sometimes surprise you and intrigue you, and will definitely help you.
These books have so much information that are very helpful in schools, and for management teams. You will find some great solutions in these books to help you continue your journey for better food and beverage profit!