Introduction: Ever since food delivery services have come into the spotlight, people are shifting away from the dining-out trend. Can’t confirm whether it has helped your restaurant or not, but some companies have benefited a lot. The change in people’s interest has prompted a rise in revenue and growth for restaurant aggregators or food delivery...
The Complete Guide on How to Start a Successful Restaurant Business The love for food has always been around us, but over a period of time, it has transformed itself to remarkable margins. The rising love for food has convinced and attracted many people to get into the food industry or the restaurant industry....
Planning, for a very long period of time, has been working as a bridge between where we are and where we wish to see ourselves in the future. Whenever we wish to start a business, planning should be our primary duty; else, things may work differently than we wish for them. No matter what type...
Loyalty programs aren’t intended to generate immediate returns, but maintaining a strong customer retention rate is their ultimate goal. After all, the probability of selling to an old customer is 60% to 70%, while the probability of selling to a new customer is as low as 5% to 20%. Your existing customer is well-versed in...
New customers are like fresh air for a business. However, most successful restaurants aim to sustain their existing customer base rather than entice new ones. After all, old customers are the immunity of your business, which will keep it healthy forever. According to some studies, over 65% of a company’s business comes from its existing...
Mobile applications are enriching lives with tech and innovations that have altogether brought a dramatic transition in our perspective of viewing the world before and now. In this digital age, with over 6.648 billion mobile users (almost 83.32% of the world’s population), mobile apps are paving ways for businesses to shine amid the fiercely competitive...
A Point of Sale (POS) system is critical for any restaurant and should be treated as one of the most important investments when starting a restaurant business. Yet, with the wide range of options for POS systems, there’s now no one-size-fits-all answer to the question, “how much does it cost to implement a POS system...
Nothing in this world uses technology inefficiently. In this regard, restaurants are not an exception, as they have made excellent use of technology. The Covid-19 era has put several elements to the test, from the processes to streamlining each one. Due to the social distance involved, the physical aspect of the activities here was put...
It’s an undying fact that cloud kitchen business models are still evolving. Restaurants operators are increasingly transitioning to these kitchens that have more opportunities to serve. Post-pandemic, the global online food delivery market is about to hit $137,596 million in revenue by 2023, and big-Bs in the food sector are up on their feet to...
For a restaurant, a point of sale (POS) system is crucial in ensuring a remarkable dining experience for your guests. While, as the name ‘point of sale’ suggests, the main function of the POS is to facilitate and manage the sales transaction process, in practice, it can automate many of the restaurant’s day-to-day operations, allowing...