You can greatly improve your cash flow by adopting a policy of smaller, more frequent price increases instead of waiting for a year or longer before raising prices a larger increment.
Use this simple example to catch my drift:
Chicken tenders $5.99 from January 2008 - January 2009
Price raised to $6.99 after January 2009
4000 orders of [...]
Quick tips - Update your menu often
October 30th, 2008 · 2 Comments
Tags: Quick Tips
Does this franchise restaurant have too high of food costs?
March 5th, 2008 · 2 Comments
Is the cost of food and supplies less when you own a franchise because of their buying power, or the same, or even more because of kick-backs from suppliers?
The franchise I am looking at shows cost of goods to be from 34% - 38%.
This sounds a little high to me. Is this what the norm [...]
Tags: Questions