Modern Restaurant Management

JANUARY 17, 2020

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. Curry Up Now will be the first restaurant is L2V’s portfolio and the investment will support the rapid growth and expansion of both corporate and franchised locations. "We

Franchise 130

Franchise Franchising Fast Casual Leadership 130

Modern Restaurant Management

JULY 27, 2020

In this edition of MRM News Bites, we feature sobering statistics from Yelp, a ghost kitchen franchise model, franchise explosions expected and falling for for an improved PSL. Ghost Kitchen Franchise Model. After signing a franchise agreement, owners are operational on the platform within 10 days. Yelp Sees COVID Effect.

Franchise 171

Franchise Franchising Mobile Ordering Kitchen Safety 171

Modern Restaurant Management

JUNE 12, 2020

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. ” Taffer's Tavern Inks Multi-Unit Deal. metro area.

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Franchise Franchising Food Safety Kitchen Safety 161

Modern Restaurant Management

DECEMBER 12, 2019

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. Tropical Smoothie Cafe signed two multi-unit franchise agreements to develop 38 new cafes across the state of Colorado, including a 27-unit deal and an 11-unit deal. . "My

Franchise 106

Franchise Franchising Loyalty Program Book 106

Modern Restaurant Management

FEBRUARY 19, 2020

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. ” Taco John’s Launches Aggressive Franchising Initiative. In 2019, Taco John’s unveiled an updated brand and restaurant design.

Franchise 117

Franchise Franchising Fast Casual Point of Sale 117

7 Shifts

DECEMBER 11, 2019

Clever marketing and strong branding from a restaurant’s corporate offices can boost sales for franchised restaurants. A lack of communication can take a serious toll on franchise owners, particularly in the realm of finances. Restaurants that franchise tend not to own many locations as a company.

Franchise 436

Franchise Franchising Email Marketing Communication 436

Hot Schedules

JUNE 8, 2021

As such, many hoteliers will hope revenues approach the record-breaking 2019 peak. While on the surface, hoteliers should rejoice over the opportunities an unprecedented return to travel would have on revenues, the types of consumers have changed since 2019. b3lineicon|b3icon-computer-graph|? Increasing Demand. Of all U.S.

Hotels 147

Hotels Operations Travel Food Supply 147

Cheetah

SEPTEMBER 8, 2021

Restaurant owners had to rush to expensive local stores buying at prices they can’t sustain. As more Americans are getting used to eating out again, restaurants are experiencing a surge of clients, higher than 2019 numbers some say. Major franchises feel it too and they are going to war over every wing.

Food 148

Food Food Supply Franchise Franchising 148

Xtra Chef

JUNE 13, 2019

BDO Restaurant CFO Bootcamp 2019 At-a-Glance. This year’s event was held in Nashville, TN and was attended by representatives from both franchised and independent restaurant groups around the country. Key Take-aways from the 2019 BDO Restaurant CFO Bootcamp. It’s tough to keep good talent. Timely, accurate data is critical.

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2019 Employee Relations Food Order Events 60

Modern Restaurant Management

AUGUST 11, 2021

For example, in 2019, a Cincinnati-based restaurant, Buffalo Wings & Rings, a franchise with 60 locations across the U.S, Modest reductions in price can spur increased traffic from new patrons who value a deal. leveraged Tork resources to promote Take Back the Lunch Break in stores and on social media.

Loyalty Program 194

Loyalty Program Social Media Mobile Ordering Online Ordering 194

Rocket Fuel

APRIL 15, 2024

Delaget provides technology solutions and services that help QSRs operate more efficiently, serving the needs of franchise owners and brands and helping deliver a better experience to customers. All of this has rolled up to the franchise owners and operators, who have to implement these ways of doing business.

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2024 Franchise Franchising Point of Sale 52

Modern Restaurant Management

JANUARY 12, 2022

The pandemic has permanently altered the consumer-restaurant relationship with operators investing in technology and real estate to align with changing consumer preferences, according to the 2021 Restaurant Franchise Pulse survey, conducted by TD Bank. " Restaurant real estate changes to align with consumer preference.

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2022 Mobile Ordering Guest Recovery Point of Sale 212

Perfect Daily Grind

DECEMBER 9, 2022

Price of coffee dropped by 12.3% In its latest monthly report, the organisation says that while average prices for all group indicators decreased in November, the ICO Composite Indicator Price stabilised around US 160 cents/lb last month. The auction brought in more than US $303,504, with an average price of US $17.02/lb.

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2022 2023 Webinar Workshop 156

Modern Restaurant Management

AUGUST 3, 2020

Cookies also surged in order frequency, with Skillet Chocolate Chip Cookies seeing a 1,193 percent increase in orders compared to the first half of 2019. percent of Americans excited to order this 2019 staple. compared ordered behavior from January – June 2020 and January – June 2019. Menus and Pricing.

2020 191

2020 Franchise Franchising Food Order 191

Modern Restaurant Management

OCTOBER 12, 2023

To help recoup the cost of accepting cards, some restaurants are raising the prices of menu items, and others (where permitted by state law and merchant services agreement) are adding a credit card surcharge to bills. According to the Wall Street Journal , the dollar amount of interchange fees more than doubled from 2012 to 2019, and U.S.

Audits 177

Audits Restaurant Law 2012 Customer Service 177

Apicbase

FEBRUARY 29, 2024

Food costs increased in 2023: according to one survey, 60% of operators reported that all or most suppliers raised their prices , up from 50% in 2022. Most operators raised their menu prices in 2023, but fewer expect to do so in 2024. Although revenue went up (thanks to higher prices), profits went down due to high food costs and debt.

2024 52

2024 Operations 2023 Loyalty Program 52

Modern Restaurant Management

NOVEMBER 2, 2020

This edition of MRM Research Roundup features the impact of cold weather on restaurant viability, why franchises need to be nimbler and the pandemic's effect on guest expectations. Menu price changes. Nearly 42 percentsaid they did raise their prices to make up for lower capacity and demand. Restaurant Adaptation.

2020 219

2020 Mobile Ordering Hotels Food Safety 219

Apicbase

JANUARY 13, 2023

To combat inflation in 2022, 39% of restaurants started tracking the price of key ingredients; 22% adjusted the number of vendors; 36% increased menu prices. The average profit margin for US restaurants in 2022 was 10.6% , showing it’s slowly inching back to pre-pandemic levels (12% in 2019). billion by 2028. IBISWorld , 2022).

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2023 Operations Management Management 52

KaTom

SEPTEMBER 15, 2020

Being a popular and delicious food item that can feed several people for a reasonable price, it’s no surprise that pizza has catapulted to the top of the pandemic comfort food pyramid, with delivery-driven concepts grabbing a big slice of the pie. ’s fastest-growing franchises, opening a new restaurant every 3.5

2020 61

2020 Kitchen Safety 2025 Franchise 61

Indoor Media

SEPTEMBER 22, 2017

But, you’re not just competing with other fast food joints, you’ve also got to find a way to make yourself stand apart from other locations within your franchise. But those marketing efforts drive new customers to every location within your franchise, not just yours. Off-Peak Pricing.

Coupons 78

Coupons Food Advertising Franchise 78

7 Shifts

FEBRUARY 11, 2020

Download the ebook Seattle Employee Pay & Minimum Wage Laws Seattle Minimum Wage Seattle is known for having one of the highest minimum wages in the United States, which has made it difficult for the city’s restaurateurs to balance high costs with the need to keep prices down in recent years.

Restaurant Law 312

Restaurant Law Employee Relations Download Article 312

EATER

DECEMBER 17, 2021

As she debated her next move, Willis, a 2019 Eater Young Gun , devised a novel next step for her business: a pop-up incubator called KIT (an acronym for “keep in touch”) where queer chefs, bakers, and other industry professionals could build a seedling of an idea into an actual business.

Small Business 103

Small Business 2019 Franchise Franchising 103

Perfect Daily Grind

JULY 29, 2022

Overall, all 27 coffees received more than US $244,162, with an average price of US $12.93/lb. Coca-Cola acquired Costa in 2019. Caribou Coffee appoints new Chief Franchise Officer to support international expansion strategy. Matthew Walls joins the US drive-thru chain to oversee both domestic and international franchise growth.

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Webinar 2022 Franchise Franchising 131

BNG Point of Sale

AUGUST 27, 2021

billion (about $140 per person in the US) worth of pizza was sold in 2019. And that figure only represents pizza consumption in 2019 alone! How much money can a pizza business, whether it is a franchise or an independent, make in a year? According to the trade publication PMQ Pizza Magazine, $46.34

Point of Sale 52

Point of Sale Franchise Franchising Small Business 52

Modern Restaurant Management

DECEMBER 4, 2020

The index details the average household expenditure for food away from home in 2019 compared for the early part of the pandemic for every county in the U.S. Those all dropped significantly during the pandemic (quality to 56 percent, prices to 54 percent, customer service to 52 percent) as more people prioritized COVID-19 responses.

Loyalty Program 138

Loyalty Program Fast Casual Online Ordering Consumer Goods 138

Restaurant Engine

AUGUST 4, 2020

” To get a better sense of Pizza Express’ finances, it is helpful to look at the company’s bond prices. versus Q2 2019 to $476.43 versus Q2 2019 at company restaurants, and -32.1% at domestic franchise restaurants. price target; and Stephens & Co. Revenues for the quarter fell 30.9%

Vineyard 69

Vineyard Franchise Franchising 2019 69

Modern Restaurant Management

JUNE 3, 2021

percent did so for the Kentucky Derby on 1 May—more than twice the number who did so for the 2019 Derby (6.0 CGA’s CLIP data from 2019 shows that Father’s Day generated a 54 percent increase in sales by value, while Labor Day and Memorial Day recorded 27 percent and 15 percent growth respectively. 1, 2019 to Dec.

2021 186

2021 Fast Casual Mobile Ordering Guest Recovery 186

Modern Restaurant Management

DECEMBER 28, 2020

I see flat-fee QSR, hybrid or fast casual restaurants with fixed-price approachable menus of typically unattainable offerings, such as Burger Lobster (lobster) and Sugarfish (sushi, omakase) becoming more popular. Ross Franklin, CEO and Founder of Pure Green Franchise. Vegan and Veggie forward will continue to grow.

2021 195

2021 Kitchen Safety Food Safety Mobile Ordering 195

Modern Restaurant Management

JANUARY 31, 2020

The report found that most local economies nationwide slumped in 2019, down 1.3 percent, largely contributed to the 2019 drop and marked the largest quarter-over-quarter decline since 2018. . Uncertainty around trade policy also hindered local economic growth in 2019,” said Carl Bialik, Yelp’s data science editor.

2020 187

2020 Loyalty Program Point of Sale 2019 187

Indoor Media

JULY 26, 2018

Even during difficult economic times, people still enjoy the convenience and the lower price of fast-serve restaurants compared to more formal full-service restaurants. However, the diner is paying full price for 75% of the ticket and is only getting 25% off the total amount. Everyone wins! But what if you’re not?

Serving 78

Serving Coupons Fast Casual Social Media 78

Aaron Allen & Associates

FEBRUARY 4, 2020

Marco’s Pizza separated the franchising department into a new company (Marco’s Franchised Services). The spin-off revenue is derived from a share of franchise sales, royalties, and initial investment. In 2019, Wingstop moved to new headquarters to be able to support scalability and long-term growth. January 12, 2019.

2020 98

2020 Franchise Franchising 2018 98

Modern Restaurant Management

SEPTEMBER 30, 2020

Followed (not surprisingly) by restaurants and delivery drivers following proper safety protocols, price, and ease of ordering from the restaurant. The price to purchase a hamburger cooking robot is about $60,000. As one visual example, here’s a closer look at Memorial Day’s 2019 vs. 2020 traffic: Holiday Expectations.

2020 186

2020 Mobile Ordering Guest Recovery Customer Service 186

Aaron Allen & Associates

AUGUST 24, 2023

Even with a new CEO in 2019 and new menu, delivery, and some digital investments, the medicine has not been strong enough to improve the patient’s health. This difference in valuation, pricing Subway at a considerably lower valuation than peers such as Firehouse Subs or Jimmy John’s is a signal that this is a distressed brand.

Franchise 52

Franchise Franchising Employee Relations Food Supply 52

Modern Restaurant Management

JULY 15, 2020

In 2019 we were introduced to the chicken sandwich war, and in 2020 it raged on as chain and independent restaurants added the sandwich to their menus for diners to enjoy. Similar to Grubhub's 2019 Year in Food Report , diners are continuing to eat vegan and vegetarian dishes. Top Foods of 2020. chili: 228 percent more popular.

2020 190

2020 Mobile Ordering Point of Sale Fast Casual 190

Modern Restaurant Management

JANUARY 9, 2020

Founded in 1969, The Habit Burger Grill operates nearly 300 company-owned and franchised restaurants across the United States and in China. ’s unmatched scale and strengths in franchising, purchasing and brand-building.” Brands’ global scale, resources and franchising capabilities. ” Chasing DoorDash.

Fast Casual 108

Fast Casual Customer Service Online Ordering Casual 108

Modern Restaurant Management

FEBRUARY 17, 2020

Rowe Price Associates, G Squared, Light Street Capital, Alta Park Capital, and others. During the course of 2019, revenue increased 109 percent as tens of thousands of new restaurants joined the Toast community. the authority in business dining, today announced ­its 2019 marketplace results and outlook for 2020. Dinova Inc.,

Sports 145

Sports Point of Sale Entertainment Customer Experience 145

BNG Point of Sale

JULY 16, 2021

In the year 2019, the average restaurant revenue for a new restaurant in the US was $111,860.70. Furthermore, you will need to know the volume or number of covers your restaurant serves every day and the average ticket price. Average Restaurant Revenue. Seventy-five percent of capacity is a good prediction of your first-year revenue.

Point of Sale 52

Point of Sale Seasonal Menu Cash Management Fine Dining 52