Book online, read restaurant reviews from diners, and earn points towards free meals. OpenTable is a real-time online booking network for fine dining restaurants.
It also comes with some essential tools for running your restaurant smoothly, such as menus, SEO tools, email marketing tools, and popups to help convert visitors to customers. And in case you see anything missing (say, a built-in online ordering feature), you can add your own CSS, HTML...
But profits can still be made and sales are encouraged at the industry standard of times three. In one sense, it is regrettable when restaurants such as Social Wine and Tapas have to close. People's livelihoods are put at risk, talent goes to waste. Yet I will shed no tears if more ...
SDE multiples for restaurants are generally between 1.5 and 3.0.2Restaurants are often on the lower end of the multiples scale because the restaurant industry is relatively volatile (many go under within four to five years), and restaurants often have a lot of risk associated with them. The mo...
You’ll want to continually track your labor cost percentage to assess its movement. A constant upward trend should be a warning signal to get it under control. You may also choose to compare your labor percentage against industry averages. While averages are precisely that—averages, they do...
A company might even adjust prices based on the channel a customer comes through (since customers have demonstrated a willingness to pay for convenience), or vary its pricing in different stores depending on localized demographic factors or the nature of that area’s competition....
In Chapter 4 (Appetite Departs While Eating) they asked, “How does it happen that the richest country in the world, a country of grain growers and cattle raisers, of gold and remarkable industry, a country which has sufficient resources to create a paradise, cannot give the people tasty br...
By 2015, intangible assets, which include intellectual property and goodwill, accounted for a staggering 84% of the S&P 500’s value. This shows a 394% increase in 40 years. Globally, the most profitable businesses are those in the idea and knowledge economies, and value increasingly comes fr...
Integration is the name of the game when it comes to your restaurant tech stack. We know there are dozens of vendors offering solutions for each problem you face, but if each platform you add is discrete from the other platforms, you’ve just added a new problem. You’ll have to work ...
tales of chefs who throw away entire dishes if they aren’t happy with even half an ingredient. Sure, some of it is an insistence on perfection, but a lot of it comes from the need to be consistent. Making sure that every time that particular dish is served, it always tastes the ...