Growing Your Restaurant’s Profit Margins

A growing economy has served the restaurant industry well. Projected sales for restaurants are expected to hit $863 billion dollars in 2019, a record number for the industry. But full-service restaurants are falling behind fast-casual eateries in terms of growth and earning potential. Full-service restaurant operators with an eye on the future need to find new ways to grow restaurant profit margins to sustain success. There are two ways that a business can grow profits: Increase sales and decrease costs. 

Both approaches have their own unique set of difficulties, but with the right strategy, savvy operators can implement strategies that will help them tap into higher profits and long term success. 

Alcohol Sales are a Springboard for Higher ProfitsAlcohol sales often have the highest profit margins for restaurants. 

The restaurant and nightclub Tao Las Vegas consistently ranks as the highest earning restaurant in the country.  One reason they’re so profitable are Tao’s…