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15 Restaurant Metrics to Know and How To Use Them

7 Shifts

Break-even point. Sales per labor hour. You can now determine what percentage this is off your overall sales to get a picture of your restaurant's financial health. Business is often a game of numbers, and restaurants are no exception. If it's not measured, it won't be managed. Table of Contents: Cost of Goods Sold.

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The Evolution of Restaurant Technology: What’s Next?

Modern Restaurant Management

Roy Phillips (RP) : 20 years ago it was all about the point of sale (POS). It seemed like the POSs were trying to do a lot of what restaurant management software companies are doing today, all encompassing into the point-of-sale. It wasn't all that great, to be honest. For me, my background was in technology.

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Online Ordering: A Business Survival Guide

Deliverect

By 2015, the rise of online ordering began to overtake phone ordering, and by 2016, three percent of the 61 billion U.S. By 2015, the rise of online ordering began to overtake phone ordering, and by 2016, three percent of the 61 billion U.S. eCommerce sales jumped by 92.7 The Inception of Online Ordering. in April and May.

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MRM Research Roundup: Mid-April 2020 Edition

Modern Restaurant Management

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the dismal March restaurant sales, security, loyalty, trends and teen consumer behaviors. March Sales Decline. Same-store sales for restaurants dropped by 28.3 Same-store sales for restaurants dropped by 28.3 percent in March.

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Restaurant’s Need to Start Accepting Mobile Payments

Lavu

In addition, the mobile payment can be integrated with a loyalty program to boost sales. At the center of mobile payments is the mobile point of sale (POS) system with payment processing capabilities. Apart from accepting cash and card payments, mobile payments have grown to be the next big thing. What is Mobile Payment?

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Food Truck Profits

BNG Point of Sale

million in 2015 and is projected to increase up to $140 million by 2020. There is not much point in the parking next to another truck selling the same product as you. . The unique selling point of your food is that it is phenomenally delicious. . Guide on the Food Truck Business and How to Increase Profits .

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A Kroger-Albertsons Merger Would Be Bad for Almost Everyone

EATER

The FTC describes the proposed sale as a “hodgepodge of unconnected stores, banners, brands, and other assets that Kroger’s antitrust lawyers have cobbled together,” and notes that it “falls far short of mitigating the lost competition between Kroger and Albertsons.” billion merger. antitrust concerns” over the merger.