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Restaurant Startup Growth and Business Outlook for 2024

Modern Restaurant Management

As we head into 2024, all eyes are on the Federal Reserve as interest rates hold the key to employment and the consumer spending fueling the small business economy. In all, we expect 2024 to be a better year for business than 2023 as the Federal Reserve executes the soft landing it has been seeking since this tightening cycle began.

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Is 6 the New 8?

Modern Restaurant Management

The team analyzed dining trends by hour between June and August of this year and compared them to the same time framed in 2019 after Union Square Hospitality Group Founder Danny Mayer posted on X: “When did a 6:00 dinner reservation become the new 8:00, most prized table of the night – and will it last?” “Across the board, our visitation data (..)

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2019 Porterhouse Reserve Red Blackridge Vineyard Santa Cruz Mountains

Planet Grape

The post 2019 Porterhouse Reserve Red Blackridge Vineyard Santa Cruz Mountains appeared first on planet grape® wine review.

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The State of Full Service Restaurants

Modern Restaurant Management

Seventy-four percent of full service restaurants (FSRs) managed to maintain or increase their sales during the pandemic; however, profit margins in 2021 declined to 10 percent, compared to 12 percent in 2019, according to third annual State of Full Service Restaurants Report released by TouchBistro.

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2019 Trivento Malbec Reserve Mendoza

Planet Grape

The post 2019 Trivento Malbec Reserve Mendoza appeared first on planet grape® wine review.

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2019 Kendall Jackson Vintners Reserve Chardonnay California

Planet Grape

The post 2019 Kendall Jackson Vintners Reserve Chardonnay California appeared first on planet grape® wine review.

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How the Restaurant Industry Can Begin Planning for the Future

Modern Restaurant Management

Lacking cash reserves and the resources to access money (traditional bank loans), most restaurants were forced to lay off their employees. Some likely expenses to be considered for initial cash reserves: 20 percent of the prior year’s monthly sales for purchases of goods. 75 percent of the prior year’s monthly payroll cost.