Mirus Restaurant Solutions
Blog Demo Login

Weekend traffic boosts restaurants in December

Posted by Dave Bennett on 12/18/17 4:21 PM

December continues to look like an important month for the restaurant industry. After years of poor or lackluster results overall, the first half of December has delivered positive same store sales and traffic, according to the Mirus Index.

Read More

Topics: Restaurant Profit, Restaurant Finance, Restaurant Performance, Performance

Client Spotlight: How Cafe Rio improved their business with their data

Posted by Leslie on 11/21/17 9:58 AM

Our clients love us and we love them right back! We're constantly amazed by their ingenuity and accomplishments. Their ideas and requests are what keep us on the leading edge of restaurant business solutions. Periodically we like to shine the light on our clients, their accomplishments and what they're doing to increase their restaurant profit margin.

Read More

Topics: Restaurant Finance, Client Spotlight, Restaurant Performance

Restaurants sell more using Mirus

Posted by Dave Bennett on 3/17/17 8:25 AM


Measuring success or failure of a system that improves decision making is challenging in many respects. But, the Same Store Sales (SSS) metric can be useful, especially when applied to a long period of time, and across thousands of restaurants. SSS is caluclated as a percentage change from last year to this year, and only uses locations that are open for both years.

Read More

Topics: Restaurant Profit, Restaurant Marketing, Restaurant Operations, Restaurant Finance, Restaurant Performance, Performance

Data Integration: How Partial Details Can Be Misleading

Posted by Kira on 9/29/16 2:24 PM

Successful restaurateurs need to have extensive KPIs and they must be able to quantify everything.  Data scrutiny and analysis is an ongoing process. Restaurant CEO's need to have their restaurant information distributed and analyzed by different personnel that will empower their businesses to increase revenue and improve customer service.  However, operators can be misled by information received solely from their POS systems (sales, reservations) or BOH systems (inventory, food costing, labor scheduling).  They need to be able to get a look at the bigger picture.

Read More

Topics: Restaurant Profit, Restaurant Marketing, Restaurant Operations, Restaurant Finance

Restaurant Finance: Identify Reporting Tools To Increase Profits

Posted by Kira on 8/24/16 1:30 PM

Nowadays, the CFO in the restaurant industry performs multiple functions. In addition to finance, and regulating costs, the CFO is in charge of restaurant development and making tactical decisions ranging from marketing initiatives to growth plans. The modern day CFO has to have the ability to forecast market fluctuations, analyze restaurant benchmarks against peers, and have some knowledge of IT systems and IT investments, ensuring that there’s a return on these investments.

They must outline metrics so that restaurant data can be interpreted in real time to set business strategy and make intelligent decisions.

Read More

Topics: Restaurant Profit, Restaurant Finance

Coupon Fraud: You May Be Giving Away More Than You Think

Posted by Chuck Bartlett on 8/11/16 3:00 PM

Are your promos being used to commit fraud?

The majority of restaurants have utilized some type of promotion in order to build revenue, introduce a new product, drive traffic or reward loyal customers. In short, your restaurant business is providing a coupon offer in return for more / specific customer interaction. This give and take process generally works well. However, while it may be increasing traffic and driving sales, your business may be losing hundreds, heck even thousands of dollars due to fraud and you may not even know it.

Read More

Topics: Restaurant Operations, Restaurant Loss Management, Restaurant Finance

Negative Sales: What's Next for Restaurants?

Posted by Dave Bennett on 8/4/16 8:30 AM

The Data Is In

The word on restaurant sales has been out in the public for a while now. Same store sales are down for many segments. And for some of the most recent months, the industry overall is down.

Two factors lead to negative same store sales:  declining customer traffic, or customers spending less on each visit. It has been well documented that restaurants have been increasing their prices over the past few years. The National Restaurant Association measured price inflation at 2.7% in July 2016, while the average cost of ingredients fell -3.5%. The increased margin dollars have helped some restaurants cover the increases in labor.

Read More

Topics: Restaurant Operations, Restaurant Finance, Performance

5 Labor Alerts Every Restaurant Should Receive

Posted by Frank on 6/30/16 11:30 AM

Save Time, Save Money

Is time really money? I think so, you only have so much time in a day. If you could save time by making your job more efficient, then you can effectively save money. Improving business efficiency can be achieved through exception based reporting.

Read More

Topics: Restaurant Operations, Restaurant Finance

How Mama Fu's is Digging Into Their Data

Posted by Leslie on 4/13/16 8:47 AM

Our clients love us and we love them right back! We're constantly amazed by their ingenuity and accomplishments. Their ideas and requests are what keep us on the leading edge of restaurant business solutions. Periodically we like to shine the light on our clients, their accomplishments and what they're doing to increase their restaurant profit margin.

Read More

Topics: Restaurant Finance, Client Spotlight, Restaurant Performance

Restaurant Food Cost Controls

Posted by Dave Bennett on 2/9/16 9:17 AM

Introduction

Controlling food costs is essential if you are interested in restaurant profit margin. I'd like to discuss a few options for implementing controls over your food costs. In practice, there are many ways you can create a control. Let's start with a definition:

According to a website affiliated with the NRA, "The seven stages (of food cost control) are purchasing, receiving, storage, issuing, preparation, cooking, and service."

If you include retailing and selling under service, I agree. If your controls over food costs do not cover the activities of selling, or retailing, you are not seeing the entire picture.

Be careful when researching food cost controls. There are too many sites that think food cost control is simply the formula for calculating Actual Food Cost as a percentage of sales. While this formula is useful as part of a control, by itself it is simply a measurement.

Read More

Topics: Restaurant Finance

Search

Subscribe to Blog

Recent Posts

Top Restaurant Blog
Hot Companies In Houston