Modern Restaurant Management

DECEMBER 21, 2023

Each year, Modern Restaurant Management (MRM) magazine asks experts for their views on the state of the industry. Here are some of their insights. Click here for the first part and here for the second one. Creators entering more fully into the on-premise business model are becoming better partners for their B2B customers.

2023 120

2023 2024 Insurance Employee Relations 120

SpotOn

MARCH 25, 2024

However, the general range of the cost of opening a restaurant with a year of operational costs might look like this. For most operators, decor costs will range between $5,000 and $100,000. Then, ask them, "How much does it cost to open a restaurant business?" " and they'll probably reply, "It's complicated."

License 52

License Insurance Point of Sale Equipment 52

Modern Restaurant Management

APRIL 13, 2022

As the impact of the pandemic continues, restaurants face constant and evolving operational challenges. At the end of 2021, four out of five restaurants reported facing a staffing shortage due to reduced operating hours and dining capacity. Retaining and Attracting Employees.

POS 203

POS Food Supply Mobile Ordering Point of Sale 203

Modern Restaurant Management

OCTOBER 13, 2021

How do restaurant operators find efficiencies to minimize costs without degrading quality or service? One desirable option is to leverage low-power IoT solutions to deliver energy and maintenance efficiencies and reduce operational expenses. Low-power IoT solutions are affordable, secure, and reliable. Energy Management.

Food Safety 242

Food Safety Equipment Customer Service Point of Sale 242

7 Shifts

NOVEMBER 22, 2021

It also requires money to open a restaurant and build it out, buy equipment and finance the operation until it reaches break-even. Company Overview : Describe the type of restaurant you operate, how your company is organized,and any accomplishments your restaurant has achieved to date. Table of Contents. What is an SBA Loan?

Document 394

Document Cash Management Small Business Take-out 394

Modern Restaurant Management

DECEMBER 16, 2021

Restaurant operators once again find themselves refocusing priorities and altering their plans for 2022. While sales are trending higher, the National Restaurant Association reports three in four operators say recruitment and retention is their toughest challenge. Rely on Technology to Increase Operational Efficiency.

2022 185

2022 Hospitality Loyalty Program Point of Sale 185

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

Restaurant365

OCTOBER 15, 2021

Because sales and labor needs can change by the hour, day, week, and month, it can be difficult to control your labor budget over time. Your restaurant labor cost includes everything your restaurant spends on labor, from salaries and hourly wages to payroll taxes, bonuses, and benefits like health insurance or vacation days.

Management 148

Management Management Point of Sale Employee Relations 148

7 Shifts

FEBRUARY 26, 2021

What are the benefits of self-operated delivery for restaurants? Here are the things you should consider: Things to Consider When Choosing an Online Ordering Platform Does it integrate with my Point of Sale (POS) Will I need to add another tablet to my front of house setup? It will still cost you to run your own delivery.

Online Ordering 341

Online Ordering Ordering Customer Service Food Order 341

Restaurant365

MARCH 18, 2020

Especially in uncertain times, an important factor in decisions about how to operate your restaurant is your break-even point. Essentially, your break-even point is what sales you need for a certain period of time to not lose money, or “break even.” How to Determine If You Should Trim Menu Offerings.

Point of Sale 158

Point of Sale Delivery License Inventory 158

Modern Restaurant Management

MARCH 18, 2020

As the National Restaurant Association is anticipating sales to decline by $225 billion during the next three months and prompt the loss of between five and seven million jobs, the organization urged the federal government to take aggressive action now to rescue the restaurant industry, the nation’s second largest employer.

Insurance 158

Insurance Employee Relations 2002 2001 158

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

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

Modern Restaurant Management

MARCH 3, 2022

With operational costs sky high and profit margins razor thin (ranging on average from three to nine percent ), restaurant operators are continually looking to keep costs down without degrading quality or service. Lockdowns and restrictions cut into hours of operation and profits. It’s possible by looking at the true ROI.

Food 207

Food Food Safety Customer Service Customer Experience 207

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

7 Shifts

JANUARY 10, 2024

Twenty minutes east of the White House, in D.C.’s s Union Market District, sits the modern Mexican restaurant Destino. It’s awkward because people are often unsure of the ‘right’ amount to tip, so tip amounts vary from person to person. Restaurant workers, who rely on tips to supplement their income, are torn on the subject.

FOH 222

FOH Front of House Customer Service Back of House 222

Cheetah

MAY 17, 2021

What Can Restaurant Operators Do with the Funds? Just how much financial support you may be eligible for depends on when you started operating your restaurant. All food & beverage businesses for whom at least one third of their income is from onsite sales are eligible to apply. Who Manages the Restaurant Revitalization Fund?

Webinar 143

Webinar Point of Sale Food Truck Small Business 143

7 Shifts

JANUARY 10, 2024

Twenty minutes east of the White House, in D.C.’s s Union Market District, sits the modern Mexican restaurant Destino. It’s awkward because people are often unsure of the ‘right’ amount to tip, so tip amounts vary from person to person. Restaurant workers, who rely on tips to supplement their income, are torn on the subject.

FOH 195

FOH Front of House Customer Service Back of House 195

Perfect Daily Grind

NOVEMBER 18, 2022

The event will feature a number of renowned coffee professionals such as founder of Mayorga Coffee, Martin Mayorga, 2017 World Barista Champion, Dale Harris, Chief Operating Officer at Ally Coffee, Ricardo Pereira, and Vice President of Trading Commodities at StoneX, Albert Scalla. points at 2022 Cup of Excellence Brazil. Tue, 15 Nov.

2022 122

2022 Franchise Franchising Point of Sale 122

Restaurant365

NOVEMBER 30, 2021

Multi-location and multi-state restaurant groups, in particular, need robust payroll solutions to address operational and accounting challenges. For many restaurants, the weekend provides significantly higher sales levels than a weekday. Without a comparable number of weekend days, it is difficult to compare data month over month.

Restaurant Law 146

Restaurant Law Audits Point of Sale Insurance 146

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

Modern Restaurant Management

MARCH 24, 2021

Two key factors are driving the problem for restaurateurs: the first is the fact that delivery has become more than just another sales channel. Depending on what kind of hardware and POS system a restaurant is using, each delivery app may require a unique and intensive process to integrate it with current operations.

Delivery 172

Delivery Customer Service Point of Sale Customer Experience 172

Cheetah

MAY 14, 2021

With restaurants set on reopening at 50% indoor capacity this month, operators could be looking at fees bouncing back to over 30% as soon as August. When it comes to the in-house vs third-party service dilemma, operators have a good reason for concern. Reading Time: 6 minutes. Here’s our take on the issue. .

Delivery 125

Delivery Food Safety Point of Sale Customer Service 125

Modern Restaurant Management

APRIL 29, 2021

While staffing has always topped the list of restaurant owner/manager pain points, it now seems to be at crisis proportions. March restaurant sale surged 36 percent year-over-year and nearly reached 2019 levels. However, operators are having to resort to short and long-term fixes to address the fact that they cannot find team members.”

Fast Casual 219

Fast Casual Hiring Front of House Online Ordering 219

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

NOVEMBER 18, 2021

How you run and track your payroll accounting has a significant impact on restaurant operations. You receive time in your Point of Sale (POS) system. Combining labor cost data tracking into an integrated solution, whether for just two or even three of the systems, can have an enormous impact on streamlining your operations.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

7 Shifts

SEPTEMBER 19, 2022

But we're at an inflection point in the restaurant industry. They offer work-life balance, flexible schedules, useful benefits, and operate on strong core values. And what can operators do more (or less) of to make hospitality a long-term and viable career? Turnover in restaurants is as high as ever. Table of Contents.

Front of House 195

Front of House Back of House Cash Management Customer Experience 195

7 Shifts

JUNE 3, 2022

While money isn't everything, it's one of the biggest pain points for restaurant workers right now. We don't have to tell you that the restaurant industry has a turnover problem. As of 2019, hospitality had a national average turnover rate of 75% , and that's only grown since the pandemic. They aren't making enough money.

Tip Distribution 398

Tip Distribution Email Marketing Communication Coaching 398

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

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 178

2021 Guest Recovery 2019 Loyalty Program 178

Modern Restaurant Management

MARCH 24, 2020

If you are planning to offer delivery in house, here are a few things to investigate: Car Insurance : If you’re sending out an employee to do deliveries in their own vehicle, do you and the driver have the appropriate insurance? Talk to your insurance company and find out what you will need. What happens during a lockdown?

Delivery 108

Delivery Point of Sale Online Ordering Insurance 108

7 Shifts

JULY 21, 2020

Healthcare costs: group healthcare benefits, insurance premiums, etc. Every industry is feeling the impact of COVID-19, but restaurants face some of the most difficult challenges. Shelter-in-place orders, social distancing, and business closures make it next to impossible to generate pre-coronavirus revenue numbers.

Cash Management 300

Cash Management Government Small Business Healthcare 300

EATER

NOVEMBER 11, 2020

She kept her second restaurant, Nari, open, turning the six-month-old space in Japantown’s Kabuki Hotel into a takeout operation. I don’t understand why it’s up to me as a small-business owner to search my conscience every month to decide whether or not to support my employees,” she said at one point.

Cash Management 145

Cash Management Insurance Point of Sale Back of House 145

Open for Business

FEBRUARY 29, 2024

Learn your city Some municipalities are much more organized than others when it comes to providing practical, accurate information and resources to help you better understand what’s required for you to open and operate your business. These requirements vary greatly between states, cities, restaurant types, and even counties and neighborhoods.

License 78

License Certification Kitchen Safety Food Safety 78

Perfect Daily Grind

SEPTEMBER 22, 2022

After coffee-growing land was returned to native farmers, many producers were left with small parcels of land that did not allow them to operate at scale, and little financial or structural support. Over the past year or so, coffee prices have been steadily increasing. Since then, prices have consistently remained above the US $2 mark.

Pricing 184

Pricing Retail Supplies Point of Sale 184

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 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. A restaurant profit and loss statement can seem confusing at first, but essentially, it tracks four key categories: sales, prime cost, operating expenses, and net income.

Point of Sale 78

Point of Sale Cash Management Beverage Insurance 78