Modern Restaurant Management

APRIL 11, 2022

percent increase in average US hourly wages in 2021, specifically noting a rapid rise in wages for leisure and hospitality workers. Facing multiple headwinds, restaurant owners and management must employ the most effective tool available: effective communication. Managers are already busy. Communicate Better.

Healthcare 508

Healthcare Cash Management Social Media Communication 508

Modern Restaurant Management

AUGUST 20, 2020

Many restaurants and dining establishments are looking to implement new innovations heading into 2021. With hand hygiene becoming a major point of emphasis, this also keeps patrons and staff from exchanging cash, change and cards frequently. COVID-19 has changed how the foodservice world operates.

Cash Management 520

Cash Management Equipment 2012 Technology 520

Modern Restaurant Management

APRIL 5, 2022

The reasons for the accelerated growth of this idea, the contribution of POS to these kitchens, the display systems to make the operations easier, and the automated operations used in the inventory as well in the kitchen for easy food management- are some of the ideas that will be discussed in the following paragraphs.

Online Ordering 491

Online Ordering Website Management Point of Sale Inventory 491

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. Delivery Options.

2022 547

2022 Customer Service Online Ordering Website Management 547

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. Christmas Day delivers second-highest day for check value across 2021.

2022 539

2022 Mobile Ordering Guest Recovery Point of Sale 539

Modern Restaurant Management

MARCH 25, 2021

Modern Restaurant Management (MRM) magazine interviewed Linardi about the digital restaurant experience, contactless payment and more. Now, Clover is working with their restaurant to enable touchless payment capabilities as they prepare to begin hosting more dine-in customers again in 2021. Is there any resistance to contactless now?

Mobile Ordering 614

Mobile Ordering Online Ordering Small Business Customer Experience 614

7 Shifts

SEPTEMBER 7, 2021

To answer this question, we compared 2019 vs 2021 restaurant receipts. For this question, we also used 2019 vs 2021 tip data. Shake Shack has plans to raise prices in Q4 of 2021 from 3 to 3.5 The next largest cost for most restaurants is labor–and there is cash to be saved. in 2019 and $99.50 in 2019 and $18.26

Tip Distribution 370

Tip Distribution 2019 2021 Cash Management 370

Modern Restaurant Management

AUGUST 10, 2022

Delivering five-star customer service is perhaps the most important thing restaurants can do to make higher prices more palatable for cash-strapped guests. The trend shows no signs of fading: the National Restaurant Association’s 2021 report says 53 percent of adults now consider takeout or food delivery essential to the way they live.

Customer Experience 470

Customer Experience Online Ordering Customer Service Mobile Ordering 470

Modern Restaurant Management

AUGUST 10, 2021

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. When it comes to managing medical plan costs for restaurant employers, aggressive management of prescription drug expenditures can yield significant savings. Carve In or Carve Out.

Management 450

Management Management Cash Management Healthcare 450

Modern Restaurant Management

JULY 27, 2023

Workers who lack access to basic financial services are subjected to paying expensive fees for things like cashing a check. According to a 2021 estimate by the Federal Deposit Insurance Corporation (FDIC), there are 4.5

Cash Management 406

Cash Management Insurance Customer Service Government 406

EATER

FEBRUARY 10, 2022

DoorDash Capital is actually a cash advance and a fee, okay? In a FAQ on the company website , DoorDash is very clear that its new financing product is a cash advance, not a traditional loan. Shutterstock. The move comes as no surprise for anyone who’s been watching DoorDash over the last year.

Cash Management 276

Cash Management Point of Sale Online Ordering Advertising 276

Modern Restaurant Management

FEBRUARY 4, 2021

So, in 2021, make it a priority to give all your brand’s most engaging content a home. It’s always been a challenge to schedule and manage on-site visitations, and the pandemic certainly hasn’t made this any easier.

Franchise 508

Franchise Franchising Leadership Cash Management 508

Modern Restaurant Management

DECEMBER 21, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their perspection on 2020: What lessons did you learn and what do you feel the restaurant industry learned this year? Rick Camac Dean, Restaurant & Hospitality Management at ICE (Institute of Culinary Education). Here are their responses.

2020 450

2020 Online Ordering Customer Experience Point of Sale 450

Modern Restaurant Management

MARCH 11, 2020

US Foods Holding Corp.entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. NYSE: APO) (the “Apollo Funds”) for $970 million in cash. by the end of fiscal 2021. reducing to approximately 3.0x

Bar 388

Bar Cash Management Loyalty Program Point of Sale 388

Restaurant365

DECEMBER 11, 2020

As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. Here are 11 tips to set yourself up for success in 2021. Manage cash flow by creating a cash flow forecast. over a certain period of time.

2021 136

2021 Cash Management Management Management 136

Modern Restaurant Management

JUNE 7, 2021

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. An interesting dynamic occurred with the January 2021 benefit open enrollment period. This edition of MRM's "Ask the Expert” features advice from Trion Group.

Employee Relations 307

Employee Relations Insurance Cash Management 2021 307

Deliverect

DECEMBER 7, 2020

Some full-service restaurants managed to pivot and find a way to offer their multi-course meals for delivery. What’s in store for 2021? Now that the dust has somewhat settled, let’s take a look at what the future holds in 2021. Without wishing to tempt fate, the smart money is on strong growth in the first quarter of 2021.

Online Ordering 148

Online Ordering 2021 Delivery Ordering 148

Modern Restaurant Management

AUGUST 5, 2020

and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. This year’s Neighborhood to Nation Contest will double the number of winners to award 20 prizes of $5,000 in cash along with a robust marketing package.

Food Safety 527

Food Safety Mobile Ordering Online Ordering Kitchen Safety 527

Deliverect

DECEMBER 7, 2020

Some full-service restaurants managed to pivot and find a way to offer their multi-course meals for delivery. What’s in store for 2021? Now that the dust has somewhat settled, let’s take a look at what the future holds in 2021. Without wishing to tempt fate, the smart money is on strong growth in the first quarter of 2021.

Online Ordering 146

Online Ordering 2021 Delivery Ordering 146

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.

Marketing 251

Marketing Cash Management 2024 2023 251

Modern Restaurant Management

AUGUST 10, 2020

The Center on Budget and Policy Priorities estimates that state budget shortfalls will reach almost 10 percent in the current fiscal year and about 25 percent in fiscal year 2021. This is especially true when times are tough and managers are looking for ways to pay bills.

Audits 450

Audits Government Point of Sale Cash Management 450

Modern Restaurant Management

DECEMBER 14, 2021

Managers lack the tools to properly schedule employees and plan for shifting consumer demands, and as a result, businesses are paying for redundant overworked labor, or having to manage with inadequate labor due to hiring challenges. Rick Camac, Dean of Restaurant & Hospitality Management at the Institute of Culinary Education.

2022 474

2022 Food Supply Mobile Ordering Customer Experience 474

Modern Restaurant Management

DECEMBER 16, 2021

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their views on trends. With more options to work outside of the hospitality industry, operators must offer employees more scheduling flexibility, facilitate transparent communication between management and team members, and avoid overworking staff.

2022 450

2022 Food Supply Back of House Kitchen Safety 450

Modern Restaurant Management

AUGUST 9, 2024

Here are some significant data insights she shared with Modern Restaurant Management (MRM) magazine. When late payments are such a common occurrence in a company and over a prolonged period (12+ months), it’s usually an indicator of cash flow problems, which are often exacerbated by high debt, increasing expenses and declining sales."

2024 251

2024 Cash Management 2023 Magazine 251

Modern Restaurant Management

NOVEMBER 10, 2021

Finally, during a lull in the fall in 2020, Pepe had time to pause and reflect on the last seven months, realizing what he had for restaurant management tools were not working. “They provided free services to us for a few months through the pandemic until we were actually able to make some cash.

Dine-in 450

Dine-in Cash Management 2013 Customer Service 450

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. " – John Oakes, Revenue Management Solutions CEO. Slow movers tie up inventory -and the cash needed to by that inventory. For part one, click here.

2023 493

2023 Loyalty Program Mobile Ordering Customer Experience 493

EATER

APRIL 10, 2024

Wonder debuted in December 2021 as a network of tricked-out Mercedes-Benz Sprinter vans serving a few affluent New Jersey suburbs. As it does with other partners, Wonder offered him a cash payment plus equity in the company to sign on, a compensation structure that’s common in tech startups but not in restaurants. Wonder’s $1.5

Delivery 356

Delivery Cash Management Point of Sale Back of House 356

7 Shifts

AUGUST 23, 2023

I'm excited to introduce Tip Payouts , an easy-to-use tip payment solution that empowers restaurant managers to send tips directly to employees' bank accounts in seconds. Our tip management journey started back in September 2021 with the release of our Tip Pooling feature, which covered the calculation portion of the process.

Tip Distribution 195

Tip Distribution Cash Management Restaurant Law Insurance 195

EATER

MAY 28, 2020

DoorDash on Thursday launched a new initiative called Storefront to help restaurants create websites and directly manage online pickup and delivery orders. Restaurants will manage these stores themselves, with orders coming directly to them (though DoorDash will still fulfill delivery requests and take a cut). Image: DoorDash.

Online Ordering 246

Online Ordering Website Management Cash Management Customer Service 246

EATER

JANUARY 28, 2022

per hour — the lowest legal cash wage in the U.S. Melton also says she witnessed discrimination on the job — not only from customers but also from the store’s management. Even though Melton benefited financially from this practice, she spoke out about the inequity to the management. Jillian Melton was paid just $2.13

Cash Management 246

Cash Management Restaurant Law Employee Relations Food Supply 246

EATER

MAY 23, 2022

In 2021, Carmellini imported outposts of his acclaimed New York restaurants Carne Mare and the Dutch , and Starr announced in April that he would bring vaunted New York brasserie Pastis to a location near Downtown in 2023. metro area in 2021 , and restaurateurs aren’t the only ones looking to cash in on the boom.

Hotels 263

Hotels Fine Dining 2021 Tourism 263

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 first quarter of 2021. billion in the second, third, and fourth quarters of 2020 and $7.9

Cash Management 221

Cash Management Government 2023 2020 221

EATER

FEBRUARY 4, 2021

He never yelled or raised his voice, instead relying on sous chefs and managers to keep us in line. I knew there was a deep labor pool, so when managers told me I was easily replaceable, I believed them. There was the Michelin-starred restaurant where the somewhat sullen chef ruled dinner service by fear and intimidation.

Kitchen Safety 348

Kitchen Safety Social Media Back of House Cash Management 348

Modern Restaurant Management

MAY 27, 2020

PathSpot, creator of a real-time hand hygiene management system that protects against the threat and spread of illness with a hand scanner that tracks handwashing frequency and effectiveness, announced the closing of $6.5 ParTech and Revolution will not charge subscription software fees until 2021. PathSpot Secures Funding.

Food Safety 441

Food Safety Kitchen Safety Mobile Ordering Guest Recovery 441

Xtra Chef

DECEMBER 30, 2020

Here are some of the actions, accomplishments and highlights of the past year… We introduced Recipe Management – a recipe for restaurant profitability. In January 2020, we launched our Recipe Management feature, giving our customers the ability to calculate plate costs easily, accurately and dynamically.

2020 151

2020 Cash Management Point of Sale 2021 151

7 Shifts

FEBRUARY 12, 2021

They could also be trying to get out of a bad situation—be it management, building, or market related. Find out the true costs Understanding the businesses food and labor costs, monthly overhead, and a clear picture of the business cash flow. Ultimate Restaurant Payroll Guide 2021. They may be looking to move on to a new career.

License 444

License Equipment Certification Take-out 444

EATER

MAY 4, 2021

She never missed an opportunity to ask him questions about restaurant operations, and when Chait opened Petty Cash Taqueria in 2013, Valles joined the team as a host and later a floor manager. Valles accepted and worked there full-time raising funds, managing construction, and selecting vendors for the restaurant.

Cash Management 246

Cash Management 2013 Insurance Food Order 246