Rising wages, skyrocketing food prices, staffing shortages and inflation have made it more difficult for restaurant and bar owners to run a profitable business.
Not only that, but many experts are predicting the economy will move into a recession in 2023. Restaurants spend some 20 to 40 percent of their operating costs on food, so inflation can have a huge impact on how profitable their business is.
Menu price increases are often a last resort for many restaurant and bar owners.
So, what can businesses in the hospitality industry do to mitigate the impact of the current economic climate and continue to improve their profit margins?
In this guide, where we look at the top seven trends restaurants and bar owners can expect to see as we move through 2023.
Simply fill out the form and we'll email you a copy of "7 Restaurant and Bar Trends to Watch Out For in 2023" right away.
If you are struggling with high costs in your restaurant or bar, or lack visibility and control of your food / beverage inventory, we're here to help.
Give us a call at 1.888.238.4626 and connect with a local Sculpture Hospitality consultant.