article thumbnail

[Data] Fast Casual Restaurant Trends: Sales and Labor

7 Shifts

But how have they stacked up when it comes to sales and labor this year versus the same period in 2021? QSR Sales are trending upwards. QSR Sales are trending upwards. According to 7shifts own data, the average amount of sales per day in 2022 for quick-serve and fast casual restaurants hovers around $4,680.20.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

MRM Research Roundup: Mid-December 2019 Edition

Modern Restaurant Management

Topline numbers show robust restaurant sales growth during November. Same-store sales growth was 1.6 percent in November, which represents the third consecutive month of positive sales growth and the strongest since January. Thanksgiving typically represents lower sales volumes for most industry segments.

2019 99
article thumbnail

How to apply for the Restaurant Revitalization Fund grants

7 Shifts

Point of sale report(s), including IRS Form 1099-K. For applicants that are a brewpub, tasting room, taproom, brewery, winery, distillery, or bakery: Documents evidencing that onsite sales to the public comprise at least 33.00% of gross receipts for 2019, which may include Tax and Trade Bureau (TTB) Forms 5130.9

Document 370
article thumbnail

Quick Facts About the Restaurant Revitalization Fund (RRF) Process

Modern Restaurant Management

For some business types, at least 33 percent of 2019 gross receipts must have comprised on-site sales to the public. For businesses that were open for all of 2019 and 2020, the maximum amount they can receive is $5 million per restaurant or $10 million per restaurant group. This number is your annualized 2019 gross receipts.

Document 195
article thumbnail

How Chatime Canada Conquered Spreadsheet Mountain: Case Study

7 Shifts

They've been up north since the 90s, and in 2019, they embarked on a digital transformation. The team started by importing about a year's worth of sales data from their Xilnex point-of-sale into 7shifts to get the ball rolling on projections. “We And those sales forecasts came within 10% accuracy. Region: Canada.

article thumbnail

Winter 2019 F&B Legal Update

Modern Restaurant Management

California Grapples with Regulation of Home Kitchens : On October 7, 2019, the California legislature passed Assembly Bill 377, to increase regulations on microenterprise home kitchens. AB 626 permitted home cooks to make up to 60 meals a week and make up to $50,000 in food sales a year. Legislation. Litigation.

2019 71