Restaurant365

OCTOBER 22, 2021

There are many restaurant data points that can help you see beyond the buzz of the day-to-day of a restaurant and get a glimpse at the health of your business. Having access to data about your restaurant can inform your decisions about operations, staffing, menu changes, and long-term strategy. Let’s dive in.

Point of Sale 78

Point of Sale Insurance Inventory Cash Management 78

Restaurant365

MAY 26, 2020

If your restaurant is emerging from survival mode to a break-even point or even slight profitability, it is important to reevaluate and tune up the largest expense for your restaurant: your restaurant prime cost. Restaurant prime cost overview. Prime Cost Formula Review. CoGS (Cost of Goods Sold).

Point of Sale 148

Point of Sale Employee Relations Inventory Waste 148

Restaurant365

SEPTEMBER 23, 2021

For instance, since restaurants primarily sell food and drink, inventory turns over at a very frequent rate, and sales are made up of a high number of transactions. Between inventory, sales, and other data points like labor, restaurants generate an enormous amount of data. What specific issues do restaurants face in accounting?

Cash Management 147

Cash Management Point of Sale POS Inventory 147

BNG Point of Sale

SEPTEMBER 2, 2021

This blog post will go over the typical restaurant overhead costs and expenses, including rent, utilities, labor wages for employees, licenses and permits, food cost percentages, and more. Operating expenses, which are not related to production, are overhead costs. What Are Overhead Costs And Expenses? . Examples Of Overhead Cost .

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52

Restaurant365

DECEMBER 17, 2019

Success in the restaurant industry is notoriously difficult, and one main factor is that restaurants, even from the beginning, underestimate the amount of capital it takes to run operations. Instead, gradual sales growth will help your business gain traction and develop a solid foundation. Costs of Opening and Running a Restaurant.

Point of Sale 120

Point of Sale License Insurance Employee Relations 120

Restaurant365

APRIL 19, 2022

How to manage labor cost is a challenge that all restaurant operators face daily as many restaurant businesses are forced to offer more competitive wages, benefits to hourly employees and other concessions to attract more employees from the shrinking applicant pool. Do you know how much you are spending on labor as a percentage of your sales?

Point of Sale 78

Point of Sale FOH Front of House Back of House 78

Restaurant365

APRIL 1, 2020

A healthy, positive cash flow is necessary to pay your bills and grow sales. Understanding your cash flow not only keeps your operation afloat, but it also prepares you to handle unexpected changes in sales and expenses. For most restaurants, cash inflows and outflows come principally from operating activities.

Cash Management 98

Cash Management Management Management Point of Sale 98

Restaurant365

OCTOBER 1, 2021

According to the National Restaurant Association’s State of the Industry 2021 report , “Most operators say their restaurant’s profit margin is lower than it was prior to the COVID-19 outbreak.” It can be calculated with the following formula: Gross Profit = Total Sales – CoGS. Why restaurant profit margins are low.

Point of Sale 78

Point of Sale Food Truck Loyalty Program Inventory 78

Restaurant365

FEBRUARY 19, 2020

Non-controllable costs, like the fixed costs of rent, insurance, and salaries, are predictable expenses. Controllable costs, like your prime cost of food and labor, fluctuate over time with vendor prices, sales, and other external factors. Occupancy expenses: fixed costs like rent, property taxes, and insurance.

Point of Sale 120

Point of Sale Cash Management Inventory Consumer Goods 120

Restaurant365

OCTOBER 23, 2019

While many restaurant owners focus on increasing total sales, in order to add to your bottom line, you also need to focus on decreasing costs. Knowing how to calculate prime cost helps you take control of your restaurant’s health and drive operational improvements. What to Include In Your Prime Cost Formula.

Point of Sale 74

Point of Sale Inventory Employee Relations Insurance 74

Indoor Media

SEPTEMBER 18, 2018

This blog is supposed to be a resource for our customers, both current and potential. We talk about getting ROI on your advertising, tips for Insurance Agents , Realtors , Restaurants , Dry Cleaners , and Auto Shops. They are realtors, and lawyers, and emergency room operators. Grocery Store Advertising , and Online vs. Print.

Advertising 78

Advertising Point of Sale Customer Service Coupons 78

The Restaurant Expert

JANUARY 24, 2019

The prime cost formula is your total cost of goods sold (to be calculated properly requires weekly or monthly inventories to calculate use because purchases divided by sales are NOT accurate), plus your total labor cost, including taxes, benefits and insurance, then divided by your gross sales (sales before discounts, not including sales tax).

Insurance 54

Insurance Point of Sale Inventory Download 54

Restaurant365

OCTOBER 14, 2020

For restaurant owners and operators in particular, in the midst of making the thousands of decisions needed to run a restaurant business, it’s easy to forget about the restaurant budget. Inaccurate numbers can, at best, point you in the wrong direction, and at worst, lead to unsound financial decisions. Collect data.

Point of Sale 78

Point of Sale Email Marketing Cash Management Advertising 78

Restaurant365

AUGUST 19, 2020

Successful restaurant owners and operators don’t just provide great food. Because of the complicated nature of human resources (HR) and the sprawling regulations surrounding payroll, HR and payroll can be a recurring headache for restaurant owners and operators. The people piece of the puzzle can be challenging for restaurants.

Restaurant Law 131

Restaurant Law Recruiting Employee Relations Food Safety 131

Restaurant365

JUNE 17, 2020

Your restaurant operations include many different expenses, from food and beverage to utilities. Whether you are slowly scaling up operations again or moving from takeout and delivery only to limited dine-in, it is more important than ever to stay on top of your labor and payroll cost. Employee insurance. Payroll taxes.

Tip Distribution 78

Tip Distribution Point of Sale Employee Relations Restaurant Law 78

The Restaurant Group

SEPTEMBER 16, 2020

These challenges have been especially taxing on the restaurant industry and its more than 13.5 million employees (as of 2019), both of which have been especially hard hit by the necessary restrictions. According to the National Restaurant Association, as of mid-September, 1 in 6 restaurants had shut their doors, either permanently or long-term.

Online Ordering 148

Online Ordering Delivery Point of Sale Customer Service 148

Bingage

JANUARY 15, 2020

The point of understanding is, becoming a restaurateur involves uncountable responsibilities to perform. What kind of restaurant business you wanna operate, a food truck, cafe/bar, fine dining, quick bites or what? Owning a Restaurant is quite challenging but at the same time, it’s a rewarding role. Why you wanna start a restaurant?

Food Truck 96

Food Truck Employee Relations Email Marketing Point of Sale 96

Margin Edge

APRIL 16, 2020

In short order, we hope to have three additional posts covering the impacts of unemployment insurance on the PPP, creative and high impact ways to deploy your PPP funds, and the specifics around documentation as you begin to think about reimbursement. You can restore your full workforce at any point before June 30th.

Government 96

Government Employee Relations Point of Sale 2020 96

Sling

JUNE 9, 2023

However, to paint more of a picture of your business, we’re going to address both restaurant costs and expenses (and refer to them as “costs”) that your business aquires in order to operate efficiently. And, as the old saying goes, you can’t control what you don’t measure (or calculate). Table of contents What are restaurant costs?

Operations 78

Operations Inventory Food Supply Point of Sale 78

BNG Point of Sale

JANUARY 3, 2022

This could be a sale of goods or services at your storefront location, online sales through an eCommerce website like Amazon or eBay, phone transactions, or even checks. Credit card companies are businesses, and like any other business, they need to turn a profit to stay in operation. What Is a Credit Card Processing Fee .

Customer Service 52

Customer Service Retail Equipment Insurance 52

BNG Point of Sale

JANUARY 3, 2022

This could be a sale of goods or services at your storefront location, online sales through an eCommerce website like Amazon or eBay, phone transactions, or even checks. Credit card companies are businesses, and like any other business, they need to turn a profit to stay in operation. What Is a Credit Card Processing Fee .

Customer Service 52

Customer Service Retail Equipment Insurance 52

Modern Restaurant Management

AUGUST 16, 2021

This edition of MRM Research Roundup features the latest facts and figures of restaurant operations, the state of business dining, and the mid-year gift card report. Even where restrictions are minimal, labor shortages may keep operators from realizing their full operational capacity.” The State of the Restaurant Industry.

2021 180

2021 Guest Recovery 2019 Loyalty Program 180

7 Shifts

MARCH 16, 2022

Your employees are the eyes and ears of your operation, so don't hesitate to canvas them for feedback and opinions. That's why it is important to learn how to motivate your restaurant employees. We are most productive and responsive when we are happy, so it makes sense to create an environment that fosters this kind of positive emotion.

Front of House 370

Front of House Back of House Communication Customer Service 370

Restaurant365

MARCH 30, 2020

Restaurant owners and operators are asking: what financial and operational factors should you consider when moving to a delivery/takeout model? Restaurant owners and operators are asking: what financial and operational factors should you consider when moving to a delivery/takeout model? Completing staff training.

Delivery 78

Delivery Operations Insurance Cash Management 78

Apicbase

JUNE 16, 2023

This is especially true for large-scale foodservice operations and scaling restaurant businesses. From customer satisfaction to profitability, there are countless metrics that restaurant owners and managers should track to gain a better understanding of their operations. That’s the theory. In theory, it sounds easy.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Restaurant365

APRIL 15, 2021

This blog post was originally published on September 10, 2019 and updated on April 15, 2021. With detailed numbers about your total costs and total sales breakdowns, a P&L provides actionable insight into the strengths and weaknesses of your business. The revenue calculation pulls from restaurant menu sales data. Prime Cost.

Point of Sale 78

Point of Sale Cash Management Beverage Insurance 78

Modern Restaurant Management

SEPTEMBER 25, 2020

In four years of operation, he’s doubled his sales every year, and today pulls in more than $475,000 a year. The UpFlip team interviewed the Vet Chef crew to find out, and for those questions that weren’t answered in the interview, you can find them on the UpFlip blog. More self-sufficiency. Gain Industry Experience.

Food Truck 231

Food Truck Food Food Safety Point of Sale 231

Restaurant365

FEBRUARY 25, 2020

However, understanding your average profit margin will help you track your restaurant’s financial health and show you where you can improve operations. In addition, it’s important to remember that while your profit may be in dollars, your profit margin is your profit expressed as a percentage of sales. Net Profit Margin.

Loyalty Program 183

Loyalty Program Fast Casual Point of Sale Online Ordering 183

Restaurant365

AUGUST 19, 2021

While you may think of your restaurant inventory as part of operations, restaurant inventory management should also be considered an accounting function. Operators, owners, and managers can all benefit from becoming well versed in the basics of restaurant accounting. So, inventory has an important place in your restaurant accounting.

Inventory 147

Inventory Management Management Employee Relations 147

Restaurant365

MAY 14, 2021

Most importantly, it can help you track whether you’re making a profit or operating at a loss. With P&L data in hand, you can create better budgets, make decisions about labor or food, or spot big trends in your sales. This is why it’s a key report for restaurant owners, operators, and store-level managers.

Management 78

Management Management Point of Sale Inventory 78

Clover - Restaurants

MARCH 26, 2024

Due to these kinds of constraints, there comes a time when many food and beverage producers need a well-outfitted space from which to launch a food truck , run a pop-up series , or operate a ghost kitchen. Caterers, food truck operators, and other types of cooks, rent access and amenities according to the needs of their businesses.

Food Truck 52

Food Truck Cash Management Website Management Small Business 52

EATER

AUGUST 22, 2022

It was April 2017, a seventh season of the show would air in a couple of months, and a friend had come to Chicago to attend this dinner with me, not because we loved Game of Thrones — neither of us had watched for years at that point — but because the idea of a fannish dinner was exciting. This version was dyed with squid ink.)

Fine Dining 101

Fine Dining 2012 Reference Social Media 101

EATER

OCTOBER 1, 2020

In the late aughts, Rivera ran his own mortgage insurance and financial services business when the Great Recession hit. He was forced to shift primarily to insurance. To save some money, he started cooking all of his meals at home and blogging about his successes and failures in the kitchen, mostly posting pictures of his process.

Back of House 125

Back of House Front of House Food Order Social Media 125

Restaurant Law

JANUARY 14, 2018

for permanent lawful residence; (c) have been convicted of any felony, or promoting or permitting prostitution, or the sale of liquor without an alcoholic beverage license; (d) are police officers or police officials; (e) have had an alcoholic beverage license revoked; or (f) presently hold a wholesale license.

License 40

License Back of House Document Restaurant Law 40

EATER

JULY 22, 2021

Chef Russell Jackson opened the fine dining restaurant Reverence in Harlem just months before the pandemic began. Chefs Russell Jackson and Ian Boden struggled to reconcile their visions of fine dining with their communities’ desires. Chef Russell Jackson was tired. He let out a sigh, rubbing his hands over his face, dusty with five-o’clock shadow.

Fine Dining 114

Fine Dining Back of House Dine-in Front of House 114