Modern Restaurant Management

MARCH 3, 2020

Nair, a partner at Ervin Cohen & Jessup LLP compiles recent legal news affecting the restaurant, food and beverage and hospitality industries for Modern Restaurant Management (MRM) magazine. The law went into effect on January 1, 2020. The bill was approved by the City Council on January 23, 2020. Litigation.

2020 108

2020 Restaurant Law Employee Relations Mobile Ordering 108

7 Shifts

NOVEMBER 17, 2021

Busy restaurant owners looking to bolster their incentive offering know that the last thing they need is another wrench in their bustling operations. Enter 7shifts , a scheduling and team management app that simplifies the payday processes that typically run restaurateurs ragged. Typical Employee Payout Methods. On-demand Pay.

Cash Management 370

Cash Management Employee Relations Hospitality Innovation 370

Modern Restaurant Management

JULY 15, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features Grubhub's State of the Plate 2020 trend report, the fragility of "open," di g ital resilience and brand intimacy. State of the Plate 2020 – top foods across various cities. Top Foods of 2020. miso tofu bowl.

2020 154

2020 Mobile Ordering Point of Sale Fast Casual 154

7 Shifts

AUGUST 20, 2020

Fortunately, tech can help boost operational efficiency in restaurants. How to cut labor costs in a restaurant 101: Use a labor management tool Did you know that restaurants spend about 30% of their revenue on wages, overtime, payroll taxes, and employee health care? In fact, labor is one of the biggest costs for restaurants.

Technology 293

Technology Mobile Ordering Dietary Restrictions Cash Management 293

Modern Restaurant Management

AUGUST 17, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features consumers' dining desires, the power of personalization and the untapped opportunity in localized marketing. ” “Brand Loyalty 2020: The Need for Hyper-Individualization” is available for download.

2020 188

2020 Loyalty Program Mobile Ordering Fast Casual 188

Restaurant365

DECEMBER 11, 2020

The year 2020 prompted enormous changes in the restaurant industry. As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. Manage cash flow by creating a cash flow forecast. over a certain period of time.

2021 136

2021 Cash Management Management Management 136

7 Shifts

OCTOBER 30, 2023

Florida is a great place to operate restaurants thanks to its huge tourism draw and an influx of retirees with disposable income. Fenton (of law firm Wenzel Fenton Cabassa) explains: “In November 2020, Florida voters approved yearly increases to Florida minimum wage through 2026. Attorney Matthew K. Incremental increases of $1.00

Restaurant Law 221

Restaurant Law Certification Food Safety Cash Management 221

Modern Restaurant Management

DECEMBER 19, 2023

The restaurant industry has been put through a meat grinder the last three years with pandemic lockdowns in 2020 and inflation and labor issues dominating most of 2021 and 2022. However, high-interest rates are pushing some prospective buyers out of the market who can’t pay with cash. The restaurant industry is back to normal.

2024 98

2024 Marketing Cash Management 2023 98

Modern Restaurant Management

APRIL 7, 2023

Restaurant equipment directly affects the customer experience and operating efficiency from the quality of food offered, the food preparation time and the front and back of house staff levels required to properly service the customer. JPMorgan Chase found the median small business holds 27 cash buffer days in reserve.

Cash Management 98

Cash Management Equipment Front of House Small Business 98

Modern Restaurant Management

JUNE 18, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features recovery data, POS performance and shifting habits of diners. Revenue Management Solutions (RMS) survey POS data from more than 100,000 locations in more than 40 countries. On the Road to Recovery. POS Performance Data. Shifting Dining Habits.

2020 150

2020 Guest Recovery Kitchen Safety Online Ordering 150

7 Shifts

JANUARY 26, 2021

2020 was a year that the restaurant industry won’t soon forget. Far-and-away the biggest change for the hospitality industry has been the widespread adoption of technology, which has gone from a luxury to a necessity for restaurants to operate. since March 2020. million out of work, it was nothing short of devastating.

2021 370

2021 Front of House Social Media Back of House 370

Modern Restaurant Management

APRIL 5, 2022

Various existing and new companies are adopting this trend to reduce operational expenses and risks. In this blog, we will discuss the various facets being utilized to enhance the entire operation of the ghost kitchen efficiently. Dog Haus, for example, began with just two stores but now operates over 10 ghost kitchens worldwide.

Online Ordering 179

Online Ordering Point of Sale Website Management Inventory 179

Cheetah

APRIL 13, 2021

Just five years after Cheetah was founded, we’ve managed to process over 350,000 orders, supply over 1,000,000 products, and service over 3,000 restaurants. Operating from San Francisco and the Greater Bay Area, we now service more than 10% of independent restaurants in the region. Solving Restaurants’ Most Pressing Problems.

Operations 78

Operations Food Truck Food Supply Customer Service 78

Modern Restaurant Management

FEBRUARY 3, 2022

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.

Loyalty Program 168

Loyalty Program Online Ordering Cash Management Point of Sale 168

Modern Restaurant Management

MARCH 19, 2021

Restaurant owners have had to completely flip their operations to accommodate proper health and safety protocols for over a year now, but the country is finally starting to see the light at the end of the tunnel with an influx of vaccine distribution. percent (ccc) probability of default (PD) right off the bat in April of 2020.

Tip Distribution 186

Tip Distribution Government Cash Management 2020 186

7 Shifts

NOVEMBER 26, 2019

Instead, these locations are franchised, meaning a company (the franchisor) allows an individual or group of partners (the franchisee or franchisees) to run a location of that restaurant under a certain operating agreement. At a glance, opening and operating a restaurant franchise seems like a near-perfect business decision.

Franchise 369

Franchise Franchising Restaurant Law 2015 369

Aaron Allen & Associates

JULY 17, 2020

In the wake of the coronavirus pandemic, there is going to be a spectrum of opportunity for restaurant acquisitions available for operators and investors alike. Backing & Growing Strong Foodservice Operators : Chains with high growth potential and a strong balance sheet that could use cash to back further expansion.

2020 110

2020 Back of House Cash Management Specials 110

7 Shifts

SEPTEMBER 20, 2021

Delivery, scheduling, inventory management, reservations, and guest management have seen technological advancements over the past few years, and it's just the beginning. Online ordering and delivery are one of the fastest growing aspects of the restaurant industry, up 124% in 2020. Restaurant Task Management.

Technology 370

Technology Front of House Social Media Back of House 370

Culinary Cues

APRIL 1, 2020

The only adjustment that can be made is the heartbreaking decision to furlough employees or consider permanent closure of operations. As we return to some level of prosperity, once people are back at work and businesses turn in the right direction – it will be restaurants that allow families to manage their busy lifestyle.

Waste 498

Waste Cash Management Entertainment Take-out 498

Modern Restaurant Management

MARCH 1, 2023

Is your restaurant up to speed with the latest best practices for back of house (BOH) management? So, even if your customers are unaware of what’s going on behind the scenes, any operational inefficiencies will eventually surface – with potentially dire consequences for your business.

Front of House 136

Front of House BOH Back of House 2023 136

Modern Restaurant Management

FEBRUARY 4, 2022

Though many of the market forces that shaped the restaurant industry in 2021 were closely linked to disruption from the pandemic's onset in 2020, 2022 brings new challenges — and opportunities. A short menu can slim down the food costs through streamlined inventory management, as well as reduced food waste. Ghost Kitchens.

2022 215

2022 Customer Service Online Ordering Website Management 215

Perfect Daily Grind

OCTOBER 12, 2022

According to the International Coffee Organisation , Kenya was Africa’s fifth-largest coffee producer in 2020. According to the Kenyan Agriculture And Food Authority , coffee was grown on around 119,000ha of land in 2019, making it one of Kenya’s biggest cash crops. The NCE system works in a unique way.

Food Supply 153

Food Supply License Supplies 2020 153

The Restaurant Times

OCTOBER 28, 2021

In the restaurant industry, effective capacity management is critical to success which depends largely on how well you can control the traffic. Restaurant technology can simplify your operations to a great extent and . Technology can easily streamline your day to day operations on busy nights and weekends.

Technology 52

Technology Operations Point of Sale Mobile Ordering 52

Modern Restaurant Management

JULY 25, 2023

As a restaurant owner, managing your finances effectively is crucial for the success and growth of your business. These incentives can help reduce your tax liability, increase cash flow, and promote business expansion. billion in the second, third, and fourth quarters of 2020 and $7.9 Many have taken advantage.

Cash Management 88

Cash Management Government 2025 2023 88

Embrace the Suck

JANUARY 20, 2021

I know I wrote a post a little while back saying that there would be a restaurant apocalypse in 2020. They didn’t have adequate cash reserves and lived for the weekend sales to keep them going. You can’t operate with a hand-to-mouth mentality any longer—that s**t has to stop! Get Your S**t Together.

Social Media 416

Social Media 2001 Online Ordering Cash Management 416

Culinary Cues

APRIL 30, 2020

The only way that they may be able to stay in operation is to become very efficient in how they buy, prepare, and serve food and beverage. Cash Flow: Restaurants should not view profit as a goal during Phase One. Profit will still be elusive, but solid management of expenses can result in breakeven.

Point of Sale 306

Point of Sale Customer Service Customer Experience Cash Management 306

Deliverect

DECEMBER 7, 2020

Just as everyone was making their predictions for 2020 this time last year, a certain black swan event came along and caused a bit of a stir. Some full-service restaurants managed to pivot and find a way to offer their multi-course meals for delivery. Ghost kitchens will help cash-strapped entrepreneurs get a start in the industry.

Online Ordering 148

Online Ordering 2021 Delivery Ordering 148

Deliverect

DECEMBER 7, 2020

Just as everyone was making their predictions for 2020 this time last year, a certain black swan event came along and caused a bit of a stir. Some full-service restaurants managed to pivot and find a way to offer their multi-course meals for delivery. Ghost kitchens will help cash-strapped entrepreneurs get a start in the industry.

Online Ordering 146

Online Ordering 2021 Delivery Ordering 146

Restaurant365

MARCH 5, 2020

It’s 2020, and your teams are already using technology that improves efficiency and controls business costs. From cloud-based POS systems to mobile apps designed to improve employee satisfaction and streamline scheduling, technology is bettering business and changing the landscape of restaurant management.

Blog 146

Blog Management Management Cash Management 146

Restaurant365

AUGUST 25, 2020

Comprehending your restaurant cash flow is essential to running your restaurant business. Cash flow refers to the amount of cash coming into your restaurant minus the amount of cash going out on a daily, weekly or monthly basis. Common factors that cause cash flow issues. Too much inventory. Unexpected expenses.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Perfect Daily Grind

AUGUST 30, 2022

Since then, coffee has been a major cash crop for Tanzania. Furthermore, low coffee prices have forced some farmers in the Northern Highlands to uproot their coffee plants and replace them with more profitable cash crops. According to the International Coffee Organisation , the country produced 900,000 60kg bags in 2020.

Education 152

Education Government Agriculture Cash Management 152

Restaurant365

JULY 29, 2021

Restaurants lost $270 billion in 2020 due to COVID-19 shutdowns and restaurant restrictions, and the crisis sent many companies into a tailspin. According to the National Restaurant Association , in 2020, 110,000 restaurants closed permanently, and 2 million restaurant industry jobs were lost. Negotiate updated terms with vendors.

Cash Management 78

Cash Management Point of Sale Inventory Loyalty Program 78

Kounta

JANUARY 9, 2020

But what’s in store for the industry in 2020? Trend 1: Cash me if you can — cashless society will reach greater heights. Carrying cash is getting increasingly unpopular and there are many contributing factors behind this trend — including personal safety, inability to track your transactions, or simply conditioning of the time.

Hospitality 98

Hospitality Cash Management Influencer POS 98

Hot Schedules

JANUARY 8, 2020

Find out how you can defeat the Rogue Spender and hang on to your cash. They take the form of wasted time, effort and cash, and cause havoc and frustration for your employees and guests alike. Where there are savings to be had, the Rogue Spender rolls in to keep you from hanging on to your hard-earned cash. SAVE THE DAY!

Cash Management 78

Cash Management Allergens Employee Relations Download 78

Modern Restaurant Management

APRIL 27, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. " Under the banner of its longstanding “We Help You Make It” promise to foodservice operators, US Foods Holding Corp. Socialincs, Inc.,

Webinar 156

Webinar Loyalty Program Online Ordering Social Media 156

7 Shifts

FEBRUARY 12, 2021

Despite the unfortunate closures, new restaurants are opening every day, and at rates close to what they were prior to March of 2020. According to Investopedia , a restaurant will generally look to sell for about 25 to 40% of its annual operating income. Each has advantages and disadvantages.

License 444

License Equipment Certification Information 444

EATER

DECEMBER 30, 2020

How Eater editors cooked their way through quarantine While 2020 — the year of So. You just open a can of the best tomatoes you can find — spend the extra cash on real San Marzanos or imported Datterinos — dump ‘em in a saucepan, add in a stick of butter and half of a peeled onion, and let it simmer on the stove for an hour.

2020 84

2020 Back of House Restaurant Law Cash Management 84