Maximizing Margins: Strategies for Restaurant Success
In this insightful podcast episode, industry veteran Kendall Ware, former president of Cinnabon and Carvel, joins the hosts to discuss the nuances of restaurant margins. Despite common complaints about thin margins, the discussion reveals that the real issue lies in revenue generation rather than cost control. By analyzing sales data, menu optimization, and wastage reduction, restaurants can achieve healthier profit margins. The conversation highlights the necessity for businesses to adapt to changing times, invest in restaurant technology, and prioritize revenue-driving initiatives to thrive in a competitive landscape.