Episode Details

This week, we are joined again by Jordan Silverman of Starfish to discuss the current state of the industry and break down the new updated quarterly benchmarking data that we get from Starfish. 

We cover several metrics from revenue to utilities to specific food and beverage costs. From the nuances of contribution margins to understanding how location affects cost structures, we equip listeners with the knowledge needed to enhance profitability and make informed decisions.

Utility bills on the rise and the impact of third-party delivery services present unique challenges for bar and restaurant owners. We explore inventive solutions to manage these issues, from optimizing inventory to scrutinizing utility bills, ensuring businesses remain profitable. As we dissect the ripple effects of third-party services post-COVID, we spotlight the importance of analyzing historical sales data to anticipate changes and effectively manage resources. Join us for a comprehensive look at strategies to navigate this complex economic landscape.

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📌Additional resources
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