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.
Aug 31, 2026
Learn how to calculate restaurant cost of goods using inventory, purchases, COGS percentage, variance reviews, and regular tracking for profitability.
Aug 31, 2026
Explore restaurant technology trends in 2026, including AI, automation, digital ordering, workforce tools, connected kitchens, personalization, and profitability strategies today.
Aug 28, 2026
Understand how to evaluate a Kiosk system using key criteria including features, POS integration, hardware, pricing, customer experience, and support.
Aug 31, 2026
Learn the startup costs of opening an ice cream shop, including rent, equipment, renovations, permits, inventory, labor, marketing, and reserves.
Aug 28, 2026
RaceTrac has appointed Jill Pemberton as chief financial officer, succeeding Karla Ahlert, who moves into the newly created role of chief administrative officer.
Aug 26, 2026
A restaurant P&L statement reveals sales, expenses, and profits, helping owners manage costs, improve margins, and plan finances more effectively.
Aug 26, 2026
Learn practical ways to reduce labour costs through smarter scheduling, forecasting, productivity, cross-training, automation, overtime control, and performance monitoring strategies.
Aug 26, 2026
Levain Bakery appoints Lorna Sommerville and Taya Stenson as co-CEOs, blending operational and marketing expertise to power national expansion and innovation while staying rooted in its brand values.
Aug 25, 2026
Create a practical restaurant marketing plan by setting goals, targeting customers, choosing channels, budgeting wisely, scheduling campaigns, and measuring results.
Aug 24, 2026
A payroll advance policy helps restaurant owners define eligibility, limits, repayment, documentation, approval procedures, and compliance requirements for employee advances.
Aug 24, 2026
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Explore effective ways for franchisees to enhance profitability, secure financing, and navigate uncertain economic landscapes in the franchising industry.
Photo by Alex Haney
In today's volatile economic environment, adaptability is a critical trait for franchise owners to thrive amidst uncertainties and changes in the market. Successful business owners recognize the need to stay agile, make informed decisions, and anticipate potential challenges. By embracing adaptability and agility, franchisees can position themselves to overcome obstacles and seize new opportunities.
To improve profitability, franchise owners can explore various strategies, such as reducing operational costs, optimizing resource utilization, and implementing efficiency-enhancing technologies like AI-driven systems. By identifying areas for cost reduction and implementing targeted measures, franchise businesses can streamline operations, boost bottom-line performance, and remain competitive in their respective markets.
Photo by Alex Haney
Securing financing for growth initiatives is a common challenge for franchise owners. While SBA loans provide funding support, recent changes in borrower requirements necessitate a deeper understanding of lender criteria. Franchisees must evaluate conventional lenders specializing in the franchise sector, as they offer more flexibility in deal structures and collateral requirements. By choosing the right financing partner and exploring diverse loan options, franchise businesses can access the capital needed to expand and thrive.
Photo by Alex Haney
The recent adjustments to the Small Business Administration loan program, including increased borrower cash contributions and stricter eligibility criteria for franchised businesses, highlight the importance of staying informed about evolving industry regulations. Franchise owners must be aware of these changes to align their financing strategies accordingly and ensure compliance with updated requirements. By adapting to SBA loan program modifications, franchisees can navigate the loan process effectively and secure funding for growth projects.
Opportunities for business expansion through acquisitions can arise in uncertain economic climates, as some franchisees may seek exit strategies due to market uncertainties. Franchise owners in a position to expand can capitalize on these acquisition opportunities to scale their operations, strengthen market presence, and diversify revenue streams. By strategically assessing potential acquisitions and leveraging available resources, franchise businesses can capitalize on market shifts and drive sustainable growth.