Author Archives: Anna Baumgardner

If you’ve spent much time analyzing your restaurant’s financials, you have already been told or learned that your prime costs are key indicators of your restaurant’s financial success. Because we answered the first most common question “What Should Prime Cost Be in a Restaurant?” in another blog, in this article we address the second most

A prime vendor agreement or prime vendor contract allows buyers to purchase frequently-purchased products for “preferred” or discounted pricing. This type of agreement is most common between customers and wholesalers or broad line distributors, and is sometimes called a “bulk discount.” Restaurant owners can use prime vendor agreements to help control costs and maintain consistent

Whether you’re a successful restaurant concept opening a new location, or a brand new restaurateur opening your very first storefront, a shiny new restaurant is always exciting! While you’re probably thinking a lot about your dollar return on investment and what profits will look like, you may not be so focused on how the startup

Many restaurant owners set up their restaurants so that they can serve great food, not so they can spend hours working on very detailed bookkeeping. If you are spending too much time on your accounting, have no confidence in your numbers and KPIs, or – worse – your accounting is so out of date that