Modern Restaurant Management

APRIL 12, 2022

RMS just released our latest findings around consumer sentiment for Q1 , which revealed, among other things, that price is starting to matter—and not by an insignificant amount. When asked why they were getting less value from a restaurant visit, 82 percent reported higher prices. The sentiment has changed rapidly.

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Perfect Daily Grind

MARCH 21, 2023

And while these actors can certainly play an important role, their presence in the supply chain can often mean that producers end up receiving a smaller percentage of the final price of each cup of coffee. As part of this, farmers can receive higher prices for their coffee. This is especially important to note.

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Pricing Supplies Sustainability Communication 176

Perfect Daily Grind

MAY 16, 2023

Like many other competitions in the coffee sector, the WBC relies on a number of sponsors to provide equipment, products, and funding to run the event. However, not all World Barista Championship competitors have equal access to official equipment prior to the competition. Is the requirement to use sponsored equipment a bad thing?

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Squirrel Systems

MARCH 3, 2024

In today’s competitive dining industry, maintaining profitability while keeping prices stable is a significant challenge for restaurateurs. High operating costs, fluctuating commodity prices, and the ever-evolving preferences of guests can all squeeze margins.

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Modern Restaurant Management

OCTOBER 8, 2020

Whole operations, including field crews, trucks, equipment, and the technology required for pre-packaged salads, make this three-day trek twice a year. Any weather-related issues can have a dramatic effect on supply and prices as lettuce transitions from one area to the next. As we know, weather is not always predictable.

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Modern Restaurant Management

MARCH 15, 2024

Many processors offer different deals, technology, pricing and other unique options. Reasonable Pricing With hundreds of payment processors, if establishing reasonable pricing is a priority, it’s essential to work with a processor that is smooth, reliable and clearly outlines what fees are accounted for.

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Equipment Small Business Customer Service Pricing 191

Ken Burgin

OCTOBER 19, 2021

Operators still holding the price of meals to what they were 12 months ago are bearing the brunt of massive increases in the cost of ingredients. Setting prices is approached with fear and anxiety by many restaurant and cafe operators, but it’s a unique opportunity to use your marketing and financial skills and make more money.

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Pricing Menu Seasonal Menu Food Supply 158

Wasserstrom

JULY 19, 2022

When purchasing a piece of professional kitchen equipment, the actual cost extends far beyond its price tag. TCO is a broader and more holistic approach towards the overall health of your financials and will change the way you purchase equipment for the better. This is where the total cost of ownership (TCO) comes in.

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Supplies Pricing Equipment Blog 124

Restaurant365

JANUARY 4, 2022

Restaurant inventory management plays a key role in overcoming rising food prices. Logistics challenges and labor shortages have fueled rising food prices at the wholesale level. Data from the Bureau of Labor Statistics showed the November Producer Price Index, a measure of wholesale prices, up 9.6% from a year ago.

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Inventory Pricing Management Management 148

Xtra Chef

FEBRUARY 5, 2020

Menu pricing can seem daunting. To start, it’s a numbers game that involves calculating plate cost and a target menu price. But successful menu pricing is so much more than this. In this post, you’ll learn how to price a menu by considering all factors that determine your position on a price continuum.

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Modern Restaurant Management

DECEMBER 1, 2021

In October, the USDA reported year-to-date averages, noting that food-at-home (grocery store) prices have increased 2.5 percent and food-away-from-home (restaurant) prices have increased 3.6 percent, and food-away-from-home prices are expected to increase between 3 and 4 percent. If current projections from the U.S.

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Loyalty Program Pricing Menu Mobile Ordering 209

7 Shifts

JULY 14, 2020

Some service providers offer special prices/packages knowing these are tough times for restaurants so find out if labor, materials, equipment, and chemicals are included in the pricing. Poorly maintained equipment also uses more energy increasing your electricity and water bills. A restaurant’s health code depends on it!

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Management Management Kitchen Safety Equipment 370

The Restaurant Times

JUNE 17, 2021

When opening a new restaurant, bakery, or cafe, one of the first things that pops up in one’s mind is buying kitchen equipment. This is where used kitchen equipment comes into the picture. As necessary as kitchen equipment is, it is possible to lower its cost by opting for second-hand apparatus. Source: RestoHub.

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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.

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Equipment Kitchen Safety Point of Sale Food Safety 52

Modern Restaurant Management

SEPTEMBER 7, 2023

Think of commercial ice equipment like your vehicle. Let’s take a closer look at the total cost of ice equipment ownership. The Initial Purchase/Capital Costs The most you’ll spend on your ice machine at one time will be the purchase price, which ranges from $5,000-$10,000 for the most popular models.

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Equipment Customer Service Small Business Point of Sale 186

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.

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License Equipment Certification Information 446

Modern Restaurant Management

MAY 30, 2023

About half of respondents rely on apps for loyalty or rewards promotions, an effective and profitable way to grow your brand’s reach in these price-sensitive times. Why does this matter to your bottom line?

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Pricing Loyalty Program Social Media 2023 88

Perfect Daily Grind

JULY 22, 2022

Brazil’s arabica prices highest since 1997/98 crop year. Arabica prices reached BRL 1,325.65 (around US $241.07) per 60kg bag for the 2021/22 season – representing more than a 65% price increase per bag compared to the previous crop season. US cents/lb earlier this month, while robusta prices rose by 3.6%

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Pricing Agriculture 2022 2017 138

Culinary Cues

APRIL 15, 2023

Here’s the kicker: It cost each restaurant $900 to participate in the week (I guess to cover town wide promotion expenses) and every restaurant must agree to deep discount pricing for guests. There is no cache of money to turn to, and the prices we charge are not based on greed, but necessity. We would love that.

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Seasonal Menu Café Point of Sale Social Media 447

7 Shifts

JULY 16, 2021

Sourcing Equipment. You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! This includes but is not limited to your equipment, permits, menu, and marketing. Expected menu prices. Obtain Funding.

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Perfect Daily Grind

APRIL 8, 2022

Fairtrade International announces new Living Income Reference Price for Indonesian coffee producers. The Living Income Reference Price is offered as guidance for companies wanting to pay living wage incomes in their supply chains. Fairtrade launched its first Living Income Reference Price in 2021 for Colombian farmers.

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Modern Restaurant Management

SEPTEMBER 9, 2022

Rising Overhead Costs Are Hiking up Prices. Inflation drives price increases for raw materials and labor costs, which are some of a restaurant's most significant expenses. The steady increase in cost is forcing restaurants to raise their prices because they’re spending more on materials.

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Inventory Equipment Waste Pricing 185

Modern Restaurant Management

JUNE 17, 2020

For example, if a delivery company knows restaurant A’s customers like ordering delivery from restaurant A on Taco Tuesdays, they might start sharing more options with that customer, like lower priced Taco Tuesday specials at restaurant B. There is a high price to pay for it. Data is everything.

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Perfect Daily Grind

APRIL 21, 2023

However, experts remain unsure of the effect this may have on annual contract prices, including for coffee. Green coffee processing equipment manufacturer Cimbria expands operations in South America. The Shanghai Containerised Freight Index rose for the third week in a row in April, following nine months of continuous decline.

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Modern Restaurant Management

NOVEMBER 24, 2021

Restaurants have faced labor shortages, supply and equipment shortages, and climbing food prices, with no past playbook on how to navigate the crisis. Equipment Shortage. Not only did restaurants have to manage food and labor shortages, but restaurant equipment also is on back order.

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Modern Restaurant Management

DECEMBER 28, 2022

We’re all familiar with equipment rental and software subscription services in the restaurant industry. But have you considered how an equipment subscription is a better, smarter business move than equipment ownership? You get to choose how to acquire this equipment: buy or rent. That’s what you pay them for.

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Small Business Equipment Cash Management Back of House 193

Modern Restaurant Management

APRIL 30, 2024

Deciding what kind of LTO best fits your needs, whether you are going to break with convention or lean into a larger trend will determine a price point based on the supply chain accessibility of those ingredients. The pandemic emphatically demonstrated that disruptions of food suppliers will impact the prices and availability of products.

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Food Supply Seasonal Menu Supplies Design 193

Perfect Daily Grind

JANUARY 3, 2023

You may also like our article on whether coffee roasters should add robusta to blends if arabica prices increase again. On top of this, the Russian government’s invasion of Ukraine has worsened the situation – leading to record gas prices and potentially resulting in high energy and food prices for the next three years.

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Equipment Transportation Sustainability Technology 162

Culinary Cues

JULY 15, 2022

We have all felt the pain at the store following a frost in California, a hurricane in the Southeast, or droughts in the Midwest. [] ADDICTION TO CHEAP FOOD: Mass produced convenience foods that are low in nutritional value, and high in calories, fat, and sodium, but low in price, have become the staple in many American family diets.

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Food Supply Food Truck Consumer Goods 2000 376

Marketman

SEPTEMBER 1, 2019

You found the perfect property in your ideal location… and it was reasonably priced. Whether you purchase new or used, be sure they are equipped with automatic door closures. Accounting software: Update inventory and track price changes & credits for more efficient and accurate record keeping. The countdown has begun!

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Equipment Front of House Back of House Food 66

Culinary Cues

JULY 22, 2021

Restaurants are open, and customers who have been prisoners of the pandemic are anxiously coming out of their shells and flooding to restaurants that are ill equipped to deal with the surge. Companies like King Arthur Flour couldn’t keep up with the demand for flour and even their baking equipment. In the meantime – here we are.

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Culinary Cues

OCTOBER 24, 2020

These aspects include: décor, skill level of staff, style of service, pricing, profit, type of vendors selected, kitchen layout, equipment selection, marketing and advertising, pay scales, dining room seating, type of china, glassware and flatware, even the location and color scheme for the exterior of the restaurant.

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Menu Seasonal Menu Front of House Café 388

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% Coffee equipment manufacturer Fetco to launch new NG batch brewer. in January because of lower prices.

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7 Shifts

MAY 23, 2024

Your restaurant expenses may vary depending on various factors, such as the equipment you use, your business location, the size of your operation, and whether you own or rent your commercial space. Solutions can include preparing for possible changes in pricing, staffing, customer trends, and new technology.

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Culinary Cues

DECEMBER 17, 2020

Restaurants account for a large percentage of a fisherman’s direct or indirect business volume. [] Ranchers: Have you noticed that the price of beef, pork, and chicken has increased significantly over the past few months?

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Uniforms Cash Management Brewery Consumer Goods 470

Culinary Digital

MAY 6, 2024

Energy and Equipment Savings Energy and equipment savings are integral advantages of a focused menu in a food service establishment. A streamlined approach to kitchen operations reduces energy consumption and resource allocation by reducing the need for extensive equipment.

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Management Management Equipment Sustainability 52

7 Shifts

APRIL 3, 2020

Here’s a quick refresher: Labor Food Utilities Equipment and supplies POS systems Restaurant cost breakdown These five categories typically make up nearly 100% of your operating costs, and are the cost “levers” you can pull or manipulate as a business in order to drastically reduce expenses. You might be thinking “what about my providers?”

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