More Information
Branch of a local tavern chain (open since 1953) with pub food & TVs for sports.
- Service options :
- Outdoor seating, Curbside pickup, Delivery, Takeout, Dine-in
- Highlights :
- Bar games, Fast service, Great bar food, Great beer selection, Great cocktails, Sports
- Accessibility :
- Wheelchair accessible entrance, Wheelchair accessible parking lot, Wheelchair accessible restroom, Wheelchair accessible seating
- Offerings :
- Alcohol, Beer, Cocktails, Food, Food at bar, Happy hour drinks, Happy hour food, Hard liquor, Wine
- Dining options :
- Seating
- Amenities :
- Restroom, Wi-Fi
- Atmosphere :
- Casual, Trendy
- Payments :
- Credit cards, Debit cards, NFC mobile payments
Tips
Below are some tips for managing the profit and loss (P&L) for Johnny’s Tavern:
1. Monitor Food and Beverage Costs: Keep a close eye on both food and beverage costs, ensuring that they remain within a reasonable range. Regularly review supplier prices and consider negotiating better deals to maximize profit margins.
2. Optimize Menu Pricing: Conduct a thorough analysis of menu items to determine their popularity and profitability. Adjust prices accordingly to maintain a balanced P&L while still providing value to customers.
3. Promote High-Profit Items: Identify the most profitable food items, beverages, and cocktails and actively promote them through various marketing channels. This can help increase sales for items that contribute the most to the bottom line.
4. Manage Labor Costs: Keep labor costs in check by scheduling staff according to demand and controlling overtime. Properly train employees to ensure efficient operations and minimize wastage.
5. Utilize Technology: Implement a robust point-of-sale (POS) system to accurately track sales, inventory, and expenses. Leverage analytical reports from the POS system to identify trends, popular items, and areas for improvement.
6. Enhance Customer Experience: Focus on providing excellent service, fast order processing, and a friendly atmosphere. Engage customers through themed events, bar games, and televised sports to enhance their experience and encourage repeat visits.
7. Opt for Smart Marketing Strategies: Invest in targeted marketing efforts, both online and offline, to reach a wider audience. Utilize social media platforms, online directories, and local advertising to generate awareness and attract new customers.
8. Control Operating Expenses: Review all operating expenses, such as rent, utilities, and insurance, to identify areas where costs can be reduced. Explore energy-saving initiatives, negotiate better contracts, and consistently seek cost-saving opportunities.
9. Monitor Cash Flow: Establish a cash flow management system to ensure bills, payroll, and other financial obligations are met promptly. Regularly analyze cash flow patterns to identify potential issues and make necessary adjustments.
10. Regularly Review Financial Statements: Conduct monthly or quarterly reviews of financial statements, including the P&L, balance sheets, and cash flow statements. Compare against industry benchmarks and make informed decisions based on the results.
By following these tips, Johnny’s Tavern can effectively manage its P&L, optimize profitability, and ensure continued success in Kansas City, Missouri.
