How to Calculate Cost of Goods Sold for a Restaurant
Learn how to calculate restaurant cost of goods using inventory, purchases, COGS percentage, variance reviews, and regular tracking for profitability.
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Learn how to calculate restaurant cost of goods using inventory, purchases, COGS percentage, variance reviews, and regular tracking for profitability.
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Explore how the restaurant industry is evolving in the suburbs with a shift towards casual dining concepts with local flair. Learn how Gastamo Group is leading the way in creating unique experiences in Colorado.
Photo by Helena Lopes
Photo by Helena Lopes
The COVID-19 pandemic and the shift towards remote work have reshaped consumer behaviors, leading many individuals and families to move to suburban areas. This migration has not only impacted the real estate market but also sparked a significant transformation in the restaurant industry. Quick-service and fast-casual restaurants quickly capitalized on this trend by expanding into the suburbs and leveraging drive-thru facilities to enhance off-premises services.
As the suburbs became a hub for dining experiences, there emerged a demand for unique concepts that embody local culture and flavors. Gastamo Group, a prominent player in the Denver hospitality scene, recognized the potential of offering casual dining experiences with a local twist. By investing in brands like Park Burger and Homegrown Tap & Dough, Gastamo Group has set a new standard for dining in Colorado, focusing on creating authentic experiences that resonate with customers.
Gastamo Group's commitment to a "regional fortress" strategy signifies a deliberate choice to concentrate on growth within Colorado and its suburbs. By establishing a strong presence in these areas, Gastamo Group aims to differentiate itself from national chains and provide consumers with a distinct dining experience. This strategy enables the group to nurture community connections, support local suppliers, and tailor its offerings to the preferences of suburban residents.
Peter Newlin, cofounder and partner at Gastamo Group, shared insights on how the organization prioritizes creativity to craft memorable dining experiences. By infusing each concept with local elements, Gastamo Group ensures that guests feel a sense of belonging and authenticity when dining at their establishments. Newlin emphasized the importance of understanding the nuances of each community to deliver experiences that are both relevant and engaging, fostering long-term loyalty among patrons.