What is ROI?

ROI stands for a return on investment.Ensuring that you get a great ROI is one of the main things on a small business owner’s mind when shopping for a restaurant point of sale. Making sure you make a good choice for your business and your bottom line are important for business success. Here are some things to look for to maximize your return on investment for your restaurant and bar.

1.) Measuring ROI with the ROI formula

Gain from investment means all of the possible benefits you get from a point of sale system in terms of money and time. You’ll want to make sure that your gain from the investment is high for your ROI analysis.

2.) Increase your restaurant profits with a point of sale system

Bars and restaurants know that a basic way to save money is portion control. Making sure that inventory isn’t wasted or over served in the kitchen and at the bar are key factors in keeping costs down and profits high. Cafe Cartel’s portion control feature for bars and restaurants helps you manage this. Portion control management in CCS is a recipe building tool that will help you get the most out of your inventory orders while creating the recipes for your kitchen staff.

Addressing shrinkage in your restaurant and bar is another important factor in managing the costs and increasing your profits. One of the many ways that your point of sale can help you with the shrink in your restaurant and bar is the unique integrated surveillance system that lets you view what is being rung up on the system as it is being rung up. This eliminates the risk of employees charging friends or themselves inaccurate prices.

More Features to Reduce Shrinkage in your Restaurant and Bar:

• Eliminate administrative error with fixed prices for menu items and increased control over discounts and happy hour.
• Get detailed reports and invoices at any point in time in order to avoid vendor fraud.

3.) Maximize your time with a point of sales system

Business time management in your restaurant is another important variable when calculating ROI. Point of sale systems are the best way to get all of your tasks in your restaurant done quicker and easier.

Time Saving Tips for Inventory Management

Cafe Cartel has many features that make inventory management quick and easy which saves you time and money:

• Vendor re-order lists are easy to create with the system’s fast data collection and recording
• Inventory reconciliation is done automatically with the system’s data collector.
• You are able to import your existing inventory lists to save time
• Multi location inventory lets you handle multiple location inventories easily and remote access lets you see the system from anywhere without having to travel back and forth.

4.) Once applying all of your point of sale solutions to your restaurant business you can now calculate return on investment and see how much a POS contributes to your business success! Source: investopedia.com