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MRM Research Roundup: Mid-December 2020 Edition

Modern Restaurant Management

The 2020 holiday season may not offer the same gatherings, parties and hoopla of years’ past, but diners are making sure it is still filled with amazing food. 22 percent of customers are looking to buy restaurant merchandise. Diners Show Holiday Spirit. Hassle-free holiday meals. Sales Stumble in November.

2020 167
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Pivoting From an Economic Downturn

Modern Restaurant Management

percent in April 2020. There is hope for a strong return in 2020 Q3, similar to the recovery in Asia during the SARS outbreak in 2003, with additional caution that this pandemic is unprecedented; therefore, economic recovery will take a while. We're experiencing the highest unemployment rate recorded since the Great Depression.

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How food and hospitality can flourish in the next normal

Future Food

The data compares the footfall for the week of May 27 to the average for January/February 2020. Ben Shewry has turned Attica into a take-home emporium with dining kits and merchandise sales. That seems like such an old-fashioned business model now.” Vargetto says "we could have served people a thousand times over."

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Where to Stay, Dine & Be Seen During Super Bowl LIV Weekend in Miami

Sante

Event date: February 2, 2020 (All day). Conceptualized by chef/owner Brian Nasajon and bar manager/owner Ben Potts, the restaurant is a 120-seat eatery with a playful, globally-inspired menu and vibrant after-hours bar where innovative food and drinks go hand in hand. Kush photo credit: Gita Shonek. www.Lejardinier-miami.com.

Dine-in 147
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MRM Research Roundup: Mid-November 2020 Edition

Modern Restaurant Management

Online ordering is obviously huge in 2020, and customers are craving comfort food when they’re ordering in, according to Upserve’s new 2020 State of the Restaurant Industry data collected from the company's 10,000+ restaurant customers. State of the Industry. Holiday Plans Impacted by COVID. The sheer convenience.

2020 161
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A Guide To Average Restaurant Revenue And Profit

BNG Point of Sale

With lockdowns, social distancing, and economic uncertainty sweeping the country, the average restaurant revenue in 2020 was significantly affected. If the ten tables in your restaurant are re-seated ten times per day, with each party paying $100, then your daily average revenue would be $10,000. What Is Restaurant Revenue?

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Our Guide to Average Gross Profit for Restaurants 

BNG Point of Sale

To calculate your restaurant’s gross profit, you need to subtract the total cost of goods sold (COGS) for a specific period from your total revenue (your total food, beverage, and merchandise sales). For example, let’s say John Doe Bar’s total sales from July to September 2020 were $1.25 Sales revenue . Expenses .