Category Archives: Management

Introduction  The hospitality industry is complex, with fluctuating customer demand, seasonality, and high operational costs. Managing finances effectively requires more than just balancing the books, it requires strategic financial leadership that can navigate the unique challenges of this sector. This is where a CFO in hospitality comes into play. By optimizing revenue, controlling costs, and […]

Most hotels fall short of maximizing their revenue potential and end up leaving money on the table due to ineffective revenue management strategies. What’s causing this shortfall? It’s a mix of not fully utilizing technology, failing to analyze data effectively, and not keeping up with market trends. But, don’t worry, there’s a silver lining. With […]

Navigating the world of restaurant investment can be overwhelming, whether you’re launching your first concept or looking to expand your brand through franchising. Securing the right investment is essential, and having a clear and compelling pitch is key to attracting potential backers. Paperchase specializes in helping restaurant operators craft investor models that not only tell […]

Just as a skilled captain navigates a ship through stormy seas, a CFO guides a hospitality business through financial challenges. They’re the financial helmsman, steering the company towards profitability and growth. But why does your hospitality business, specifically, require this financial captaincy? Let’s consider the inherent complexities of the industry, the role of strategic financial […]

Consider Joe’s Diner, a small establishment that’s been trying to break even for months. It’s evident that for restaurants like Joe’s, streamlining operations isn’t just a matter of convenience, it’s a lifeline. It’s about optimizing food costs, improving service times, and managing labor more effectively. But how can such improvements be made? And, more importantly, […]

As a lifeline in the convoluted maze of financial management, CFO services for hospitality businesses chart a path to fiscal stability. The role of a CFO in hospitality is intricate, navigating the delicate balance between profitability and customer satisfaction. This discussion unravels the layers of CFO services specific to hospitality, shedding light on the significance […]

Food and beverage establishments are the cornerstone of social interactions across the globe. Celebrations, business dealings, and even grieving happens over a meal or a beer. Collectively, people rely on the food and beverage industry as a way of life, but also to make a living.

Food and beverage establishments are the cornerstone of social interactions across the globe. Celebrations, business dealings, and even grieving happens over a meal or a beer. Collectively, people rely on the food and beverage industry as a way of life, but also to make a living.

COGS, or the Cost of Goods Sold, is a vital metric for restaurants that directly impacts profitability. By carefully tracking COGS, restaurants can make data-driven decisions to reduce operational expenses. Key factors influencing COGS include menu pricing, accurate inventory management, and efficient purchasing practices.

COGS, or the Cost of Goods Sold, is a vital metric for restaurants that directly impacts profitability. By carefully tracking COGS, restaurants can make data-driven decisions to reduce operational expenses. Key factors influencing COGS include menu pricing, accurate inventory management, and efficient purchasing practices.

Key Performance Indicators (KPIs) are essential tools for measuring a restaurant’s financial health. Two crucial KPIs are Labor Cost and Cost of Goods Sold (COGS). Labor Cost tracks the percentage of sales spent on staff, while COGS measures the direct costs of ingredients and beverages.

Learn how to use your P&L statement as a guide identifying areas for improvement in your restaurant. Discover how to analyze your revenue, COGS, labor, and operating expenses. Dive into your restaurant’s average check and how to maximize profits through upselling.

In the hotel industry, controlling money is very challenging and time-consuming. To process payments, manage expenses, and provide thorough financial records, the financial side of a hotel company must be exact and fast.

In the competitive landscape of the restaurant market, maximizing revenue is paramount for success, but what about the hidden profitability metrics that go unnoticed by even the most experienced restauranteurs?

Budgeting is a crucial part of operating a restaurant. A good budget provides directions and guidance for your team to achieve benchmarks. Your budget allows owners not to operate blindly while sustaining cash flow, especially if you have big expenditures on the horizon.