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Virtual Acceleration, Raising the Bar and Insult Monitor

Modern Restaurant Management

US Foods Holding Corp.entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. NYSE: APO) (the “Apollo Funds”) for $970 million in cash. US Foods to Acquire Smart Foodservice.

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Restaurant Accounting: The Ultimate Guide

Xtra Chef

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.

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Restaurant Taxes: Top 12 Tax Deductions and Tips For Restaurants

Harbor Touch

Sales Tax Requirements. The city and state where you operate your restaurant could have different sales tax requirements, and if you own multiple locations, it is even more important to be up to date on the different requirements. Compensation and Taxes. Mileage Deductions. Keep Proper Records. Revenue Procedure 2015-56. Employee Tips.

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EZ PPP Forgiveness App and Yelp’s New COVID Help

Modern Restaurant Management

In this edition of MRM News Bites, we feature links for PPP Forgiveness, new Yelp features and more products and services for restaurant recovery. PPP Forgiveness Links and EZ App. Did not reduce the salaries or wages of their employees by more than 25 percent, and did not reduce the number or hours of their employees; OR.

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MRM Franchise Feed: Sandwiches Up North and Taco John’s Gets Aggressive

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. Send news to Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Allen Named CEO at Checkers & Rally's. She is an accomplished leader in the restaurant industry.

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Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

Fortunately, driving more restaurant sales isn't particularly difficult. The key is to reduce your costs and increase your sales. You made a 6% profit margin—or just shy of the 2018 industry average of 6.1%. In 2018, Wendy’s saw a profit margin of 15.9%. So, why do it? Why run a restaurant at all?

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Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

Fortunately, driving more restaurant sales isn't particularly difficult. The key is to reduce your costs and increase your sales. You made a 6% profit margin—or just shy of the 2018 industry average of 6.1%. In 2018, Wendy’s saw a profit margin of 15.9%. So, why do it? Why run a restaurant at all?