Culinary Cues

MARCH 26, 2022

Seriously, why would you ever jump into the deep end unless you had a plan and real-life measurements that serve as a roadmap? Again, turn to the National Restaurant Association for guidance. [] PRICING YOUR MENU BY COMPARISON. Every business requires controls in pricing, consistency, quality, and cash handling.

Cash Management 366

Cash Management Social Media Restaurant Law Communication 366

7 Shifts

OCTOBER 31, 2022

You can't start a restaurant without a plan. A restaurant business plan is one of the most (if not the most) essential elements in getting a new restaurant off the ground. There are a few reasons for this: A business plan is typically the first thing any lender or investor will want to look at. Section 4: Marketing Plan.

Point of Sale 397

Point of Sale Back of House Document Download 397

7 Shifts

NOVEMBER 22, 2021

Create a Restaurant Business Plan. Before you Begin: Create a Restaurant Business Plan. Creating a business plan is essential to getting a loan for your restaurant. Fortunately, you can use a restaurant business plan template to make the process easier. Marketing Plan : detail your pricing structure (e.g.,

Document 393

Document Cash Management Small Business Take-out 393

Culinary Cues

APRIL 23, 2022

Smart buying means to look at quantity discounts when available, buying generic brands when quality still meets your standards, and shopping several vendors with quality and price in mind. When you know what the cost of a menu item truly is then you are able to build proper selling prices that lead to profitability. CAFÉ Talks Podcast.

Food 381

Food Seasonal Menu Waste Point of Sale 381

Culinary Cues

AUGUST 21, 2023

Food was only surpassed by the breadth of wine lists and depth of distilled beverages, high priced art on the walls, enormously expensive glassware, Italian bone china plates, and custom sterling flatware. The entire experience was elevated and so were prices. This will, in some form, return.

Back of House 390

Back of House Food Supply Government Dine-in 390

Modern Restaurant Management

MARCH 12, 2024

To reduce menu confusion and minimize price sensitivity, Ori’Zaba’s Scratch Mexican Grill recently rolled-out a rengineered and easier-to-read menu. The Ori’Zaba team told Modern Restaurant Management (MRM) magazine they watched people walk in and have a physical reaction to the three pricing tiers. Double Your Meat!”

Menu 177

Menu 2001 Franchise Franchising 177

EATER

FEBRUARY 27, 2024

Fast food chain Wendy’s has announced plans to test “dynamic pricing” at its locations across the country, beginning in 2025. According to CNN, the move is a part of the chain’s $20 million investment in digital menu boards, which will allow it to tweak the price of a Biggie Bag or Frosty in real time.

Pricing 129

Pricing Food Loyalty Program 2025 129

7 Shifts

MARCH 31, 2021

This is where restaurant business plans are essential. If you’re writing a restaurant business plan one for the first time or updating an existing one, we’re here to help. While you’re at that, think about your restaurant’s floor plan and design and incorporate that as it will impact the customer experience.

Cash Management 370

Cash Management Document Customer Experience Customer Service 370

Culinary Cues

NOVEMBER 20, 2023

Some businesses understand how to use pricing to draw people in and then how to upsell the experience – others are not – SHARE what you’re good at. Is it safety, parking, navigating a store or restaurant menu, pricing, speed of service, or lines? Business was off yesterday”. Okay, so what are you going to do TODAY to turn that around?

Customer Experience 362

Customer Experience Customer Service Food Safety Retail 362

Modern Restaurant Management

AUGUST 30, 2023

In this current economic climate, it can be a challenge for restaurant owners to adequately plan for the future while dealing with the day-to-day necessities. With ever rising costs for supplies and staffing, how can a restaurant owner/operator best plan for the future? Should they rethink expansion plans?

Small Business 173

Small Business Magazine Pricing Consumer Goods 173

Culinary Cues

APRIL 18, 2023

In all cases the expectation is at the very least – acceptable food quality, and in some cases the expectation is extraordinary food (price has much to do with expectations). Plan, equip, train, evaluate, educate, and celebrate each and every employee. Plan better – train harder, takes on new meaning.

Food Truck 319

Food Truck Back of House Education Training 319

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.

Seasonal Menu 447

Seasonal Menu Café Point of Sale Social Media 447

Modern Restaurant Management

JANUARY 9, 2024

Restaurants trying to attract price conscious diners should make sure that their menus carry several low-cost, higher margin staples that can be sold at reasonable prices. Consider reducing the size and price of certain staples and then offering a “super-sized” portion for a higher price.

Employee Relations 190

Employee Relations Small Business Advertising Customer Experience 190

Modern Restaurant Management

FEBRUARY 14, 2022

It may sound like just an excuse to eat out, but experiencing the food and ambience of your competitors is essential to writing a persuasive restaurant business plan. So let’s look at a few of the aspects of your competition that your investors will want to see in your business plan. Menu and Price Points. Food Quality.

Transportation 229

Transportation Social Media Menu Pricing 229

7 Shifts

SEPTEMBER 7, 2021

Has the price of going to a restaurant increased? We found a 14% increase in the total price on a receipt. Either diners have switched to ordering the more expensive items off the menu, or we're seeing very strong inflation of prices on menus. The bottom line is that the price of going to a restaurant has increased.

Tip Distribution 370

Tip Distribution 2021 2019 Cash Management 370

7 Shifts

JULY 16, 2021

Write a Coffee Shop Business Plan. Design the Floor Plan Layout. 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! Expected menu prices. Write a Coffee Shop Business Plan.

License 459

License Hiring Equipment Point of Sale 459

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.

Food Supply 376

Food Supply Food Truck Consumer Goods 2000 376

Modern Restaurant Management

NOVEMBER 7, 2022

Striking a balance between value and price. Is it possible to strike a balance between value and price to satisfy both parties? To answer that question, Revenue Management Solutions (RMS) examined two factors: the impact of price increases on QSR sales performance and consumers’ perception of value. Is it possible?

Pricing 199

Pricing Loyalty Program Point of Sale 2023 199

7 Shifts

JULY 14, 2020

There are a million and one things you need to adjust your operations to adapt to the new reality similar to many ResQ customers who decided to include specialty sanitization services as part of their regular maintenance plans. Recommended Reading: How to Effectively Sanitize & Clean Your Restaurant.

Management 370

Management Management Kitchen Safety Equipment 370

Culinary Cues

JUNE 26, 2023

They are oftentimes able to accomplish much and achieve tremendous success, but they also pay a price in work’/life balance. Chefs who set the world on fire with innovation, incredible execution, a dynamic persona, or technical skills that are hard to fathom still need solid cooks and proficient service staff to help execute their plans.

Healthcare 341

Healthcare Agriculture Café Pricing 341

Culinary Cues

AUGUST 4, 2022

The greatest threat is not the labor shortage or supply chain issues, it’s not the pandemic or the price of real estate – yes, all those concerns are troubling and must be dealt with, but they are not what will bring the restaurant industry to its knees. PLAN BETTER – TRAIN HARDER. Well then – what will? Try apathy on for size.

Front of House 328

Front of House Coaching Uniforms Back of House 328

7 Shifts

FEBRUARY 12, 2021

Make a Reopening Plan. According to recent data from the National Restaurant Association, restaurants overall sell for a median price of $150,000. The average price sits around half a million dollars, according to data from Restaurants for Sale. However, restaurant prices vary widely, based on region, location and type.

License 444

License Equipment Certification Information 444

Modern Restaurant Management

JANUARY 8, 2024

This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits. While you can not always control the commodity pricing, you can control how you manage it by reducing waste, optimizing efficiencies and leveraging margins.

2024 212

2024 Loyalty Program Cash Management Customer Experience 212

Culinary Cues

MARCH 22, 2023

To accomplish something truly significant, excellence must become a life plan.” They hire and train the most dedicated professionals to execute the plan, and they are always focused on the details. Elusive as perfection might be, so many chefs jump out of bed in the morning with their sights on the prize.

Coaching 368

Coaching Fine Dining Café Training 368

Modern Restaurant Management

MARCH 21, 2024

However, a tight labor market and stubbornly high food prices will continue to weigh on restaurant margins in 2024. So, while we don’t expect significant price increases in 2024, we also do not expect to fully return to the two percent and below inflation environment of the pre-pandemic era.

2024 178

2024 2023 Small Business Food Truck 178

7 Shifts

OCTOBER 31, 2023

Most pricing structures for the big payroll companies look like this: Base fee: $39-$125 per month Implementation fee: Ranges from hundreds to thousands Additional employee fee: $4-$12 per employee per month Year-end: $2-$16 per W-2 / 1099 filing Off-cycle runs: $0-$50 Simplify your accounting and choose a software with a clear billing structure.

Customer Service 221

Customer Service Information Pricing Insurance 221

Modern Restaurant Management

APRIL 26, 2023

On the bright side, sales continue to perform positively compared to last year, primarily driven by price increases throughout 2022. No Surprise: Higher Prices Contributed to the Decline But why the overall decline this quarter? Three in four respondents across all income levels believe they are paying higher restaurant prices.

2023 159

2023 Fast Casual 2022 Pricing 159

Modern Restaurant Management

JUNE 9, 2023

Draft a Business Plan Business plans are documents that contain all the necessary information surrounding your restaurant and how it will operate. Apart from defined goals and objectives, business plans must also contain projections and estimates for your restaurant.

License 163

License Document Hiring Fine Dining 163

Culinary Cues

JULY 31, 2022

We can’t find any employees, people don’t want to work anymore, restaurants treat employees like crap, the pay sucks and the benefits don’t exist, prices are too high, supplies are impossible to find, and profit is so small that it isn’t worth the sweat and tears. PLAN BETTER – TRAIN HARDER. Yet, all we hear is negativity.

Food Supply 392

Food Supply Training Supplies Café 392

SpotOn

MARCH 18, 2024

On the other side of the dining spectrum, there are restaurants with menus that offer an entire meal at a set price, also known as the prix fixe menu. The prix fixe menu is ideal for guests seeking to indulge in a larger meal for a higher price. The prix fixe menu doesn't only need to serve French food.

Menu 98

Menu Dietary Restrictions Fine Dining Seasonal Menu 98

Modern Restaurant Management

JULY 6, 2022

Substantial price hikes on restaurant menus are causing consumers to choose other options aside from eating or taking out, and a ‘tipping point’ is on the horizon where inflation will depress overall demand. By decreasing overall disposable income, inflation erodes consumer purchasing power.

Consumer Goods 193

Consumer Goods Coupons Loyalty Program Pricing 193

Modern Restaurant Management

NOVEMBER 8, 2023

Most restaurants, however, are still trying to manage their operation based on their outdated business plans, SOPs, and vague key performance indicators (KPIs). But most industry professionals expected or planned for these eventualities – and responded well.

Recruiting 186

Recruiting Guest Recovery Advertising Food Supply 186

Modern Restaurant Management

JANUARY 31, 2024

Ninety-four percent of operators are planning some form of expansion and more than half of the 600 U.S full service restaurants surveyed plan to introduce catering services. Inventory : Generally, when food costs go up, operators will raise their menu prices by a small amount.

2024 199

2024 Online Ordering Website Management 2023 199

Lavu

NOVEMBER 1, 2023

Start a Food Delivery Business Plan To start your food delivery business plan, restaurant owners need to carefully strategize and make thoughtful decisions. With a well-defined plan, restaurant owners can ensure that their delivery business runs smoothly and is profitable in the long-term.

Delivery 166

Delivery Food Online Ordering Mobile Ordering 166

Modern Restaurant Management

JANUARY 30, 2024

Funding is secured strategically to fuel key aspects of the expansion plan rather than used as a general shortcut that potentially forfeits control. Small pilots expose weaknesses, risks and required iterations so leadership can determine if initial plans need adjustment, delay or abandonment.

Leadership 199

Leadership Small Business Cash Management Customer Experience 199

Future Food

APRIL 14, 2024

Frequently food and beverage departments/revenue centres have highly streamlined beverage procurement, underpinned by pour targets, contract pricing and bonus structures. Pricing frequently reflects a default market rate. Who is planning your food and beverage strategy?

Food Supply 78

Food Supply Beverage Catering Pricing 78

Culinary Cues

FEBRUARY 13, 2022

The not so good news is that labor issues continue to plague all restaurants from fine dining to quick service, and supply chain challenges are limiting availability and in conjunction with inflation pushing prices of raw materials to unprecedented levels. PLAN BETTER – TRAIN HARDER. Are you working in this direction right now?

Compost 437

Compost Fine Dining Waste Café 437