Part 6/7:
Not all menu items have equal profitability. Analyzing sales data can help identify high-margin versus low-margin products, allowing owners to refine their offerings strategically. Consider the menu as a sports team; low-performing items should be benched in favor of ones that drive higher profits.
Exploring Growth Opportunities
Once sales have improved, savvy owners can consider ways to increase customer capacity. This can be achieved by removing barriers to entry, like adding more seating to accommodate customers without long wait times. Additionally, expanding trading hours, offering incentives during slow periods, and integrating mobile ordering can further enhance profitability.