The Hartford’s Post

Summer Season Financials - Part 2 Let's continue talking about the summer season and your profitability. If your revenue &/or profitability are down from last year, it's time to start digging into why. The 2 big variables in food & beverage are the cost of goods and labour. Now, these numbers are not the end all be all, however, together they make up a HUGE percentage of your overall expenses, and they cannot be ignored. They need to be watched as variables over previous periods. If either (or, gulp, both) have increased, you need to dig deeper to understand why, then look at how they can be lowered. Stay tuned for more ... or DM me, let's chat. We can help. #accountific #foodandbeverage #yyc #restaurantowners

💸Inflation is impacting everyday essentials-groceries, gas, dining, and more! Costs have surged, with food at home up by 24%, dining out up by 20%, and eggs skyrocketing by 94%. Are you feeling the pinch? 😓 Don't let inflation erode your purchasing power. Take control of your finances by making smarter investments that can keep up with rising costs. 📈💪🏻 Reach out today to learn how you can protect and grow your wealth in this challenging economic climate. Let's create a strategy that helps you stay ahead of inflation and build a secure future! 💼📊 #Inflation #WealthManagement #InvestSmart #FinancialPlanning #SecureYourFuture

Here's the latest from me at EconLog: https://lnkd.in/gcMZWHDe. I discuss restaurant prices and inflation. Inflationary environments can make decisions tougher for small businesses. If you're looking for a deeper understanding of what caused the high inflation we experienced in recent years, you would do well to consult Part 1 of the recently published "The War on Prices", edited by Ryan Bourne, found here: https://lnkd.in/g6b_AiVt

As we progress through 2024, the restaurant industry is facing significant challenges reminiscent of the 2008 recession. Rising inflation, increased consumer prices, and declining service quality are major concerns. Paul Barron highlights the potential shift in consumer demand driven by price sensitivity and service dissatisfaction. Explore the trends, causes, and potential outcomes of this evolving scenario to understand what lies ahead for the industry. #RestaurantRecession #Inflation #ConsumerTrends #2024Outlook #RestaurantIndustry 👉 https://lnkd.in/exdZ5y6H

💰Menu prices have risen faster than inflation and now consumers are feeling the financial pinch.. Our latest reports reveal how both American and Canadian diners are increasingly sensitive to menu price hikes (and just how high they’re willing to go). Learn more about today’s cost-conscious consumers and the implications for the restaurant industry 📈🍽️ Download our Canadian 🇨🇦 report: https://bit.ly/3PRPryC Download our American 🇺🇸 report: https://bit.ly/4cP2cUP

Visualizing The Soaring Costs Of US Fast Food Chains This graphic, via Visual Capitalist visualizes the average price increase of 10 core menu items from select American fast food chains, as well as the change in the consumer price index (U.S. city average) for food away from home, from 2014 to 2024. #fastfood #inflation #prices #people #cost #money source : visualcapitalist

🔺 Inflation is Straining Restaurant Operations 🔺 The sharp rise in food and labor costs is dramatically impacting restaurant profitability. Wholesale food prices have soared by 13.2%, and labor costs have risen by 15.1% from December 2020 to December 2021. With restaurants operating on tight pre-tax margins of just 3-5%, these increases are unsustainable. 💼 Key Challenges: • Food and labor costs each take up around 33% of every dollar in sales. • Rent, utilities, and other operating expenses account for 29% of sales. • 88% of operators report higher food costs as a percentage of sales compared to 2019. At MTIPLY, we understand these challenges. Our solutions help restaurants maximize their wholesale food ingredients and improve sales by adding virtual restaurants. By leveraging our innovative strategies, you can navigate these tough times and boost your bottom line. 📈 Interested in learning how MTIPLY can help your restaurant thrive? Let’s connect and discuss how we can support your success. https://lnkd.in/gZVVvNjB #RestaurantIndustry #FoodService #VirtualRestaurant #Inflation #MTIPLY See Article Below👇 https://lnkd.in/gTjmXt3g

As inflation stabilizes with interest rate cuts expected during the balance of 2024, Kroll industry experts anticipate continued momentum in M&A activity within the food and beverage space. Read Kroll's Food and Beverage Spring 2024 Report to learn more: http://ms.spr.ly/6044YnCmy #Inflation #PrivateEquity #mergersandacquisitions #valuations

🌏 The food sector remains robust and ever-growing, driven by the constant demand for food products. Whether consumers are buying groceries or dining out, the need for food packaging remains steady. This sector’s resilience is due to its essential nature, and machinery equipment adapts to consumer preferences regardless of the economic state. ✨Learn more in PMMI’s “2024 State of the Industry” report!   https://lnkd.in/e5cukTZy  

Observing the Fast Food infographic this month 🍔🍕: 📊 Days on Market: 113, down 5.04% YOY 💰 Asking Cap rates: 5.75, up 4.55% YOY 💲 Price PSF: $923.49, up 1.29% YOY #netlease #CommercialRealEstate #WinstonWarren #fastfood