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Fast-Casual: A New Dining Style for a New Generation

Lavu

In recent years, fast-casual establishments have dominated the restaurant industry. Customers, especially Millennials, are looking for delicious food at affordable prices. Fast-casual restaurants are adapting to meet the demand of their customers. However, in 2016 this is beginning to change.

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15 Restaurant Metrics to Know and How To Use Them

7 Shifts

Break-even point. Sales per labor hour. Ideal menu price. Your CoGSs is an essential number to have when determining your menu prices, inventory and impacts your net profit margin. You can now determine what percentage this is off your overall sales to get a picture of your restaurant's financial health.

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MRM Research Roundup: Catering, Kiosks, Tipping and Dry January

Modern Restaurant Management

State of Digital Qu announced the results of its fifth annual survey of quick service (QSR) and fast casual (FC) restaurant brands. In this edition of MRM Research Roundup, we feature news about an influx of catering orders, the topic of tipping, the rise of kiosks and affordable Michelin restaurants. Total tips averaged 18.9

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MRM Research Roundup: End-of-January 2020 Super Bowl Edition

Modern Restaurant Management

The report also found that businesses in states that voted Republican in the 2016 presidential election outpaced the economic growth of businesses in states that voted Democratic. starting from the fourth quarter of 2016 nationally, as well as in 50 metros and every state including Washington D.C., points in 2018. Yelponomics.

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MRM Franchise Feed: Randy’s Donuts Plans Rise and Burger King Makes Sustainable Commitment

Modern Restaurant Management

It also continues its rapid growth internationally by adding franchise development deals for France, Morocco, Egypt, Kuwait, and Bahrain to its international market now totaling 64 stores. In total, 165 stores are set to open. Randy’s Donuts is also in negotiations for dozens of stores throughout California and other states.

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5 Reasons Why Restaurants Are Going Cashless

Lavu

Some restaurant chain owners see the transition as a step toward the future, largely because restaurant point-of-sale systems make it so easy. While 20% to 25% of Park Café’s sales were paid for in cash before the switch, Hart estimates that just 5% or 10% of customers paying in cash didn’t have a card.

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The 20/20 on 2020: Restaurant Experts Weigh In

Modern Restaurant Management

Even cost of sales may go down as the ghost kitchen typically has a smaller, more manageable menu. Low priced / value perceived / big ticket items brought down to a fixed low price. The utilization of ghost kitchens means more money and opportunity for restaurant operators, without large price or labor hikes.

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