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Tuesday, March 22 • 10:00am - 10:45am
One Point at a Time: Climbing to Double-Digit Profit Margins

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For far too long, restaurant owners have been told that profit margins are slim, that single digits are what you can expect, and to want more is not only unreasonable, but unrealistic. We have a theory, a bold theory, that restaurant owners can, in fact, move from single- to double-digit profit margins. The secret? Incremental progress. It’s not all or nothing and it’s not insurmountable. And it’s not at all unreasonable for restaurant owners to want more. This is how: Think a half point here, a quarter-point there. It adds up and it’s powerful in the end. From open to close, front-of-house to back-of-house, attracting customers to converting them into regulars, dine-in and off-premise, there are so many opportunities to claw back margin. As an industry we must decide it’s time to 86 this archaic notion of single-digit profit margins and create our own more profitable reality. Let SpotOn walk you through this deceptively simple theory and help you put it into practice so you can begin to increase your profit margins.

Speakers
avatar for Hillary Holmes

Hillary Holmes

General Manager, Von Elrod’s Beer Hall + Kitchen
Hillary Holmes has been working within the hospitality industry for over 17 years, with 7 of those years in a General Manager role. Her background includes both corporate and privately owned restaurants ranging in yearly revenue from 3 to 6 million. Some of the Point of Sale systems... Read More →
avatar for Ben Pryor

Ben Pryor

Head of Innovation, SpotOn
With 25+ years of culture-based hospitality leadership, Ben Pryor leads the development of SpotOn's restaurant and hospitality product innovation strategy with a focus on democratizing technology for hospitality businesses of all sizes. As the Head of Innovation, Ben drives the continuous... Read More →
avatar for Peter Lambros

Peter Lambros

Director of Product, SpotOn Labor Management Center, SpotOn
Peter Lambros  is the co-founder of Dolce Software, acquired by SpotOn in 2021, a complete labor management solution that includes scheduling, labor compliance, automated tips distribution, and enhanced payroll integrations with over 20 payroll providers. Peter was an operator of... Read More →



Tuesday March 22, 2022 10:00am - 10:45am PDT
Las Vegas Convention Center, South Hall