7 Shifts

FEBRUARY 12, 2021

You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. According to recent data from the National Restaurant Association, restaurants overall sell for a median price of $150,000. However, restaurant prices vary widely, based on region, location and type.

License 446

License Equipment Certification Information 446

Modern Restaurant Management

NOVEMBER 24, 2020

Restaurant owners are being forced to find a way to make it through winter with vastly reduced revenue, and many operators are scrambling to reallocate budgets and manage staffing to survive COVID-19. Managing cash flow can be difficult for seasonal businesses. Plan for Gaps in Your Budget. Hire the Right People.

Cash Management 229

Cash Management Social Media Seasonal Menu SEO 229

Modern Restaurant Management

JANUARY 30, 2024

Typical restaurant KPIs involve monitoring costs around food, labor and supplies, pricing adjustments, table turnover rates during peak periods, customer wait times, promotion effectiveness, brand sentiment on review sites, and training completion rates.

Leadership 199

Leadership Small Business Cash Management Customer Experience 199

Clover - Restaurants

APRIL 23, 2024

For instance, depending on how successful the restaurant has been, you’ll inherit a customer base, trained staff, and the equipment and space you need to hit the ground running. An existing restaurant also has an established cash flow, as well as a system in place for managing inventory, staffing, and running the kitchen.

Point of Sale 52

Point of Sale Cash Management Franchise Franchising 52

Touch Bistro

JULY 20, 2021

Whether you’re new to the restaurant scene or a seasoned veteran in the industry, having the right restaurant equipment list is crucial to your business’s success. That’s why we’ve created this comprehensive commercial restaurant equipment list. 24 Essential Pieces of Restaurant Equipment. Let’s get started. Food Processors.

Equipment 52

Equipment Kitchen Safety Point of Sale Food Safety 52

Squirrel Systems

MAY 17, 2024

Cost Management : Monitor costs, including food, labor, and overhead. Look for opportunities to negotiate better terms with suppliers and optimize inventory management. Pricing Strategy : Develop a pricing strategy that reflects your value while remaining competitive.

Operations 52

Operations Loyalty Program Cash Management Point of Sale 52

Perfect Daily Grind

FEBRUARY 10, 2023

International Coffee Organisation says coffee prices remained stable during January 2023. Despite a decline in global exports, the organisation reports that the ICO Composite Indicator Price fell by 0.1% Nestlé pledges to support 7,500 coffee producers in the region to strengthen its supply chains. from December 2022.

2023 122

2023 Pricing White Paper 2022 122

Cheetah

NOVEMBER 4, 2021

From now on, restaurants will be the ones setting the purchase price shown to customers on the app for each menu item (excluding tax and tips). Ensuring you get what they are rightfully entitled to from their 3rd-party delivery app will help restaurant operators price dishes better, forecast cash flow and manage supply stock levels.

Delivery 148

Delivery Cash Management Restaurant Law Mobile Ordering 148

Perfect Daily Grind

SEPTEMBER 15, 2022

It’s estimated that smallholders produce up to 70 to 80% of the global coffee supply – making them an essential part of a sustainable coffee industry. What’s more, despite the current high C price , the coffee market has historically been volatile. The two price models work differently.

Sourcing 145

Sourcing Sustainability Certification Pricing 145

Modern Restaurant Management

DECEMBER 16, 2021

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their views on trends. With more options to work outside of the hospitality industry, operators must offer employees more scheduling flexibility, facilitate transparent communication between management and team members, and avoid overworking staff.

2022 177

2022 Food Supply Back of House Kitchen Safety 177

Modern Restaurant Management

AUGUST 10, 2022

Food prices are soaring amidst supply chain disruptions, increasing labor costs, and processing plant shutdowns. Poultry prices are up 15 percent to 18 percent ; the cost of eggs has risen 73 percent. consumers say they’re happy paying higher prices for great service. First-Rate Service. Seven out of 10 U.S.

Customer Experience 181

Customer Experience Online Ordering Customer Service Mobile Ordering 181

Modern Restaurant Management

DECEMBER 14, 2021

Restaurants will continue to grapple with labor shortages and supply chain disruptions throughout 2022. These challenges pose the potential for inventory constraints, menu price increases, delays in service and more, impacting not only the hours restaurants can stay open but also the capacity at which they can operate.

2022 186

2022 Food Supply Mobile Ordering Customer Experience 186

Ken Burgin

FEBRUARY 5, 2020

With many cafes and restaurants reporting up to 80% of sales being made on card, the traditional informal cash transactions and ‘owner’s cash bonus’ have become much more difficult to manage. The electrician who always comes immediately because he’s paid cash. The vegetable guy who says he gives the best prices for cash.

Cash Management 99

Cash Management Food Supply Point of Sale Online Ordering 99

7 Shifts

FEBRUARY 12, 2021

You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. According to recent data from the National Restaurant Association, restaurants overall sell for a median price of $150,000. However, restaurant prices vary widely, based on region, location and type.

License 195

License Equipment Certification Information 195

Perfect Daily Grind

SEPTEMBER 28, 2022

Across the coffee supply chain, data collection is an essential part of communicating and improving coffee quality. Producers need to see their farms as businesses , so they need to plan farm management similarly to any other business. There are a huge number of data points which can be collected along the coffee supply chain.

Supplies 136

Supplies Sustainability Cash Management Point of Sale 136

Perfect Daily Grind

JANUARY 27, 2023

The keynote speech delivered by Michael Opitz, Managing Director of Hanns R. Uganda Coffee Development Authority distributes wet processing equipment to 35 local farmers and co-operatives. Proud Mary says it spent US $2,000 on 1lb of the Black Jaguar Gesha, which the roaster also says is the highest price it has ever paid for coffee.

2023 112

2023 2022 Events Certification 112

Aaron Allen & Associates

MARCH 3, 2022

There are so many things to think about — from inventory management to restaurant payment and billing and more — it can be difficult to keep track of it all. That’s where restaurant management software comes in. In this roundup, we will take a look at some of the best restaurant management software out there.

Management 120

Management Management Mobile Ordering Point of Sale 120

Cheetah

DECEMBER 14, 2021

For restaurant operators, shifting to plant-based ‘cash-cows’ not only makes economic sense, but it has never been easier. The price that can reasonably be charged for a dessert is, however, limited. And if a restaurant is making its own pastries, the wages of a specialized pastry chef and modern equipment start to add up.

Food Supply 148

Food Supply Seasonal Menu Cash Management Pricing 148

Ken Burgin

FEBRUARY 15, 2022

The best way to manage this paradox is to have some supplier tips and tools up your sleeve – here are some suggestions. Many small hospitality businesses run their price negotiation on a weekly or daily basis, like thrifty seniors who are always looking for the best price on canned goods. Understand the Friction.

Beverage 68

Beverage Tip Distribution Seasonal Menu Food 68

Sling

JULY 1, 2023

5) Pick a great location When you’ve got cash in hand, it’s time to take the next step and find the spot that will soon turn into your restaurant. However, remember that you’ll need to source all of the ingredients and equipment required for each menu item. And as you plan, review your pricing strategy.

Fine Dining 78

Fine Dining Cash Management Restaurant Law Consumer Goods 78

Perfect Daily Grind

JUNE 20, 2022

Generally speaking, higher-scoring coffees receive higher prices. One of the more notable examples of this is the Best of Panama auction, which often fetches record-breaking prices year-on-year. Coffee auctions can reach multiple audiences and involve people from across the supply chain,” she says.

Supplies 117

Supplies Cash Management Article 2022 117

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. " – John Oakes, Revenue Management Solutions CEO. Slow movers tie up inventory -and the cash needed to by that inventory. Don’t be afraid to increase price.

2023 193

2023 Loyalty Program Mobile Ordering Customer Experience 193

Modern Restaurant Management

FEBRUARY 4, 2022

Unprecedented labor and supply chain pressure will drive most of the restaurant trends that will define 2022, industry analysts say. This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. Simplified Menus. Delivery Options.

2022 216

2022 Customer Service Online Ordering Website Management 216

Sante

APRIL 13, 2020

Restaurant sales of plant based meat substitutes increased 87% last year, according to Buyer’s Edge Platform , a restaurant supply chain company that helps operators use technology to save money and run their restaurants more efficiently. ” Prices Move in the Right Direction. from $62 a case to $99 a case.

Sustainability 130

Sustainability Innovation 2019 2018 130

The Restaurant Times

JANUARY 31, 2022

Yes, you can enrol in restaurant management classes or attend culinary school. The more experience a restaurant consultant has, the better equipped they will be to handle potential issues, and the more probable you will be able to launch your restaurant without difficulty. Experience . Source: Vocal Media. Professional Kitchen Design

Cash Management 52

Cash Management Kitchen Safety Point of Sale Hiring 52

Restaurant365

MARCH 30, 2020

If you haven’t been doing delivery before this point, even if you are using your own team, there are barriers to entry including: Securing equipment (like hot bags, to-go packaging). You will need to keep these timelines, anywhere from a few days to two weeks, in mind to make sure it fits with your cash flow needs. Limit labor.

Delivery 78

Delivery Operations Insurance Cash Management 78

Xtra Chef

DECEMBER 11, 2019

Whether you are an executive chef, a seasoned restaurant finance executive, or an owner/operator who manages your own books, speaking the language of restaurant accounting will help keep all financial stakeholders on the same page. In Part 2, we’ll help you decide how best to manage accounting at your restaurant. Inventory Management.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

The Restaurant Times

SEPTEMBER 30, 2021

Consider the upfront cost of new equipment against the continuing expenditures of maintenance, upgrades, or modifications that a used alternative could incur over the first year or two. . Map out your route, your kitchen supplies, storage, equipment, and the number of staff you want. It allows you to spend less cash each month.

Food Truck 52

Food Truck Food License Mobile Ordering 52

Touch Bistro

JUNE 17, 2021

Compare the top restaurant POS systems on features, pricing, payments, and more. A POS terminal is the electronic device that your POS software runs on and features a digital interface that staff can use to manage transactions. Just a few years ago, most restaurants relied on payment terminals equipped with magstripe technology.

POS 52

POS Cash Management Mobile Ordering Front of House 52

Perfect Daily Grind

OCTOBER 1, 2022

The online event will explore the challenges that farmers and their communities face, as well as OOH coffee operators, and expand on how Nescafé provides support to these supply chain actors. Speakers will include Head of Beverages at Nestlé Professional, Patrick Stern, and Relationship Manager at Perfect Daily Grind, Nicholas Yamada.

2022 135

2022 2023 Point of Sale Webinar 135

Modern Restaurant Management

MAY 5, 2021

In this edition of MRM Research Roundup, we have news on understanding customer loyalty, beverage insights, restaurant supply loyalty, the influence of discounts, the state of payments and the evolution of gift cards. 92 percent of respondents said they intend to purchase equipment online more frequently going forward.

2021 189

2021 Loyalty Program Coupons Fast Casual 189

Modern Restaurant Management

MAY 5, 2020

Cheetah, an e-commerce platform offering contactless pickup and delivery of food and supplies, closed $36M in Series B funding led by Eclipse Ventures, with participation from ICONIQ Capital, Hanaco Ventures, and Floodgate Fund. who provided business advisory and restructuring services. Cheetah Secures Funding.

Guest Recovery 104

Guest Recovery Food Safety Loyalty Program Point of Sale 104

Modern Restaurant Management

JUNE 14, 2020

Rentable storage space designed to store equipment and perishable products. An easy-to-read dashboard provides managers verification in real-time that employees are following and performing all mandated measures and protocols. ” CoLaboratory membership admissions are ongoing. Increased Loyalty Program Participation.

Food Safety 140

Food Safety Loyalty Program Kitchen Safety Online Ordering 140

Modern Restaurant Management

SEPTEMBER 15, 2021

It is expected alcohol sales will grow as suppliers and operators adapt packing and pricing models to bolster alcohol sales with delivery. 41 percent of consumers ages 18-34 indicated interest in monthly meal subscriptions, especially if offered at a discounted price. ” Supporting Local. ” Attracting New Diners.

2021 173

2021 Loyalty Program Retail Online Ordering 173

BNG Point of Sale

OCTOBER 13, 2021

Choosing from what seems like an endless list of POS options can be a daunting task, whether you’re looking to upgrade your outdated equipment or searching for a point-of-sale solution for your new c-store. Inventory Management Support. Any store, new or old, needs the appropriate POS. And, the right POS has key benefits.

POS 52

POS Point of Sale Cash Management Inventory 52

Apicbase

MARCH 3, 2023

These back-of-house software systems have become indispensable for modern restaurants because they enhance profitability and simplify work for restaurant managers and kitchen staff. Chief among these restaurant management systems is a F&B management platform such as Apicbase. Let’s find out how.

Point of Sale 52

Point of Sale POS Management Management 52

The Restaurant Times

AUGUST 30, 2022

A restaurant POS system helps you manage everything from inventory to staff members, easing out a lot of the complexities involved in running a restaurant business. A restaurant POS system makes the management of operations in a restaurant smoother and much more convenient. Inventory Management.

POS 52

POS 2022 Point of Sale Mobile Ordering 52