Why Every Penny Counts: How Tracking COGS Can Save Your Restaurant Thousands
Running a restaurant is an art, a science, and—let’s be real—a numbers game. You can have the best chef in town, a killer ambiance, and a menu that makes mouths water, but if your numbers aren’t adding up, you’re bleeding cash. At MRGN, we get it. You didn’t open your restaurant to become a finance […]
Why Restaurants Need to Embrace AI—Before It’s Too Late
Let’s be honest: AI makes a lot of restaurant owners nervous. There’s hesitation. Doubt. A sense that technology might make things more complicated, not less. Some fear it will take away the human touch that makes restaurants special. Others assume it’s just another costly trend that will be outdated in a few years. But here’s […]
The Real Cost of That Steak: How to Price Your Dishes for Maximum Profit
You’ve got a sizzling steak on the grill, seasoned to perfection, plated with care, and served with a side of crispy fries or roasted vegetables. Your customers love it, your chefs take pride in it, and it’s one of your best-selling dishes. But here’s the big question: Are you actually making money on that steak? […]
Smarter Restaurants, Bigger Profits: How AI Is Reshaping the Industry
Running a restaurant has never been easy. Between rising food costs, unpredictable staffing issues, and the ever-present need to keep customers happy, restaurant owners juggle more than their fair share of challenges to stay profitable. It’s a lot to manage. But there’s good news. New tech, especially AI, is starting to make some of these […]
From Table to Profit: Simple Ways to Boost Your Bottom Line
In the restaurant industry, where profit margins often hover between 3% and 5%, every dollar saved can have a disproportionate impact on success. For operators juggling the costs of labor, rent, and raw ingredients, the idea of saving 1-2% annually on food costs might seem minor—but the reality is that seemingly small adjustments can lead […]
Serving Success: How Real-Time Data Transforms Restaurant Management
Running a restaurant isn’t for the faint-hearted. Rising food costs, fluctuating customer preferences, and ongoing staffing challenges keep restaurant owners on their toes. Add to that the pressure to make quick, informed decisions, and it becomes clear why so many restaurateurs feel stretched thin. In the age of digitization, however, the game is changing. Real-time […]
Mastering the Holiday Rush: How Restaurants Can Make Smart Decisions on the Fly
The year-end season is a whirlwind for the restaurant industry. Between holiday parties, family dinners, and increased foot traffic, it’s often the most profitable (and stressful) time of the year. While this season can lead to big gains, it’s also rife with unpredictability, requiring restaurant owners to make fast, impactful decisions. But how do you […]
Real-Time Menu Analysis for Fine Dining and Casual Restaurants
In the highly competitive restaurant industry, staying ahead requires more than just exceptional cuisine and ambiance. It demands data-driven decisions that optimize operations and maximize profitability. Real-time menu analysis has emerged as a game-changing tool for restaurant owners, enabling them to adjust offerings and improve P&L outcomes dynamically. Why Real-Time Menu Analysis Matters in Today’s […]
Navigating Holiday Inventory: Stocking Up Without Overbuying
Navigating Holiday Inventory:Stocking Up Without Overbuying Holiday sales can shape the future for many small to medium-sized businesses (SMBs). According to the National Retail Federation, holiday sales in the U.S. reached $889 billion in 2023, a 14.1% increase over the previous year. For SMBs, this period can account for a significant portion of annual revenue, […]
Dynamic Pricing: The Secret to Maximizing Restaurant Revenue
In the ever-evolving restaurant industry, staying ahead of the competition means embracing innovative strategies that maximize revenue while satisfying customer demands. One such strategy making waves is dynamic pricing. Traditionally associated with airlines and hotels, dynamic pricing adjusts prices based on real-time factors, offering restaurants a powerful tool to enhance profitability. Introduction to Dynamic Pricing […]
