Modern Restaurant Management

JULY 20, 2021

Total restaurant visits were down -6 percent in May 2021 compared to May 2019 but were up +23 percent from a year ago, recovering from a -23 percent decline in May 2020. Snack periods, were down -5 percent in May 2021 compared to May 2020, and for a pre-pandemic view, down -11 percent compared to same month two years ago.

2021 189

2021 Guest Recovery Online Ordering Point of Sale 189

Modern Restaurant Management

SEPTEMBER 15, 2021

Uncovering consumer confidence and preferences in an ever-shifting market as a result of COVID-19 restrictions, Restaurants Canada is shining a light on what restaurateurs and chefs can expect with the release of the 2021 Discerning Diner Report. Sales velocity is now -1 percent vs August 28, 2021. ” Attracting New Diners.

2021 178

2021 Loyalty Program Retail Online Ordering 178

Culinary Cues

DECEMBER 17, 2020

None, however, are as devastatingly out of the operators control as this pandemic. There are short-term band aid solutions such as takeout, delivery, or even conversion into retail markets where wine inventories and local necessities take over space once occupied by diners, but they are not a replacement for a steady turn of tables.

Uniforms 470

Uniforms Cash Management Brewery Consumer Goods 470

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 194

Loyalty Program Online Ordering Cash Management Point of Sale 194

Goliath Consulting

OCTOBER 19, 2020

Here are our best guesses for the business trends of 2021. Meanwhile, Chipotle is testing out new restaurant designs, and now have more than a 100 “Chipotlanes,” drive-thru stores where customers can pick up their digital orders (4). This is now the new norm, and we know that some of these changes are here to stay.

2021 135

2021 Point of Sale Food Safety Kitchen Safety 135

Modern Restaurant Management

NOVEMBER 21, 2022

percent compared to the same period in 2021. Additionally, menu prices at casual dining establishments rose by an average of 9 percent year over year from 2021. According to a poll from Ipsos, meals purchased at restaurants and take out foods are usually the first extraneous expense to be cut by consumers.

Operations 197

Operations Cash Management Seasonal Menu Loyalty Program 197

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 Out-of-network ATM fees are considerably more. Not all payroll cards are the same.

Cash Management 162

Cash Management Insurance Customer Service Government 162

7 Shifts

SEPTEMBER 19, 2022

The restaurants that prioritize employee retention above all will come out on top. What about managers? Track and manage employee workload. For restaurant employees added in the past year (August 2021-August 2022), the average employee tenure is just 110 days —a little over three months. What about managers?

Front of House 195

Front of House Back of House Cash Management Customer Experience 195

Touch Bistro

MARCH 23, 2021

Restaurant accounting and tax specialists have navigated many operators through millions of dollars in relief and helped them become cash flow positive through the pandemic. This article will also cover: Important restaurant tax deadlines for 2021 5 steps you need to take to increase cash flow during tax season.

2021 52

2021 Cash Management Employee Relations 2020 52

Hot Schedules

JULY 15, 2021

Mitigating Cost Price Inflation Via Supplier Management. Not only does this deliver greater control, but negotiated rates also help avoid the inevitably higher costs that come from buying with petty cash. Smart operators take purchasing management further by using electronic trading platforms. Related Posts.

Pricing 148

Pricing Management Management Cash Management 148

7 Shifts

OCTOBER 20, 2022

But one can't deny that tips make up a majority of restaurant workers' take-home pay. In theory, it's simple, but this tip-out method is subject to federal laws and another layer of state-by-state laws on top of that. Throughout 2021, the U.S. Recommended Reading: Tip Pooling Tools to Easily Manage Tips at Your Restaurant.

Tip Distribution 195

Tip Distribution Restaurant Law 2023 Cash Management 195

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 203

Healthcare Cash Management Social Media Communication 203

Touch Bistro

JULY 4, 2021

In 2021, the restaurant industry is experiencing an unprecedented labor shortage that’s seeing worker resignations and job openings at an all-time high. million jobs – or 12% – short of pre-pandemic levels as of June 2021. A labor shortage means there are more jobs than people out of work. Well, go ahead and unlearn it.

2021 98

2021 Employee Relations Hiring Recruiting 98

Black Box Intelligence

AUGUST 5, 2021

The cost of restaurant and service industry labor in 2021 is accelerating rapidly. As of May 2021, limited-service crew wages increased 7.5% Check out Black Box Workforce Intelligence for access to robust restaurant employee data covering 2.4 One way to stand out is with your social content. Labor Costs FAQs.

Recruiting 98

Recruiting 2021 Management Management 98

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 196

Online Ordering Point of Sale Website Management Inventory 196

Modern Restaurant Management

AUGUST 10, 2022

While increasing grocery costs could lead some consumers to eat out instead , it’s clear that restaurants need to do more to justify higher prices and improve the customer experience. Seven out of 10 U.S. Fortunately, today’s restaurateurs have a playbook that can help them to do precisely that. First-Rate Service.

Customer Experience 188

Customer Experience Online Ordering Customer Service Mobile Ordering 188

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. As Bloomberg points out , DoorDash isn’t the first digital restaurant platform to implement this kind of program. Shutterstock.

Cash Management 104

Cash Management Point of Sale Online Ordering Advertising 104

The Food Corridor

FEBRUARY 2, 2021

The natural question now is: what you got 2021? What to Expect From 2021. Let’s try to put that aside here and take a look at what we do know. Let’s try to put that aside here and take a look at what we do know. It’s surely got to be better than 2020. Covid restrictions aren’t going away.

2021 75

2021 Kitchen Safety Back of House Front of House 75

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. Following are some of the major restaurant trends to watch out for in 2022. Simplified Menus. Ghost Kitchens. Delivery Options.

2022 218

2022 Customer Service Online Ordering Website Management 218

Modern Restaurant Management

MARCH 19, 2021

2021 may have some good in store for the industry moving forward. Congress recently signed off on a number of provisions in the Consolidated Appropriations Act of 2021 that provide financial aid to business owners in the restaurant and hospitality industries to help expedite recovery from the now year-long pandemic.

Tip Distribution 189

Tip Distribution Government Cash Management 2020 189

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 180

Management Management Cash Management Healthcare 180

7 Shifts

FEBRUARY 12, 2021

Maybe it’s to take your grandmothers’ recipes to the masses. You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. Find Out Why the Restaurant is for sale. Once you’re ready and funded, here are the steps to take to realize the dream of ownership.

License 444

License Equipment Certification Information 444

Black Box Intelligence

AUGUST 5, 2021

The cost of restaurant and service industry labor in 2021 is accelerating rapidly. As of May 2021, limited-service crew wages increased 7.5% Check out Black Box Workforce Intelligence for access to robust restaurant employee data covering 2.4 One way to stand out is with your social content. Labor Costs FAQs.

Recruiting 71

Recruiting 2021 Management Management 71

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. Download the Restaurant Trends for 2022 report for more details. Fast is not fast enough.

2022 215

2022 Mobile Ordering Guest Recovery Point of Sale 215

Restaurant365

JULY 29, 2021

The restaurant industry saw new trends like: Increased sales for take-out and delivery. The restaurant industry in 2021 looks significantly different from the pre-pandemic restaurant industry. Whatever opportunities you pursue, business in 2021 and beyond should look significantly different than it did in 2020.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Touch Bistro

JULY 18, 2021

As of June 2021, the Bureau of Labor Statistics reported that the restaurant industry was still 1.5 When you invest that much in an employee, you need to be pretty sure they’re a) the right fit and b) they’ll stay longer than the time it takes to get them up to speed. million jobs – or 12% – short of pre-pandemic levels.

Back of House 52

Back of House 2021 Front of House Cash Management 52

Lavu

SEPTEMBER 29, 2023

The 2021 COVID-19 pandemic caused many people to leave the hospitality industry, and many have not returned. Some owners have had to take on multiple roles themselves or hire unqualified staff, affecting the quality of service and customer experience. It may take time for the industry to recover fully and regain its workforce.

Loyalty Program 166

Loyalty Program Front of House Mobile Ordering Customer Service 166

ChefMod

OCTOBER 6, 2021

But, how have they managed to stay up and running so far? Even a small vegetable vendor can take orders via some kind of online ordering platform. Additionally, the extra cash flow can make a difference in the running and management of your business.

2021 52

2021 Email Marketing Front of House Cash Management 52

Perfect Daily Grind

OCTOBER 12, 2022

Some steps have already been taken to change the structure of the country’s coffee sector – most notably the country’s Coffee Bill 2021. Read on to find out what they had to share with me. Every Tuesday, an auction takes place, unless the volumes of coffee brought to auction are too low.

Food Supply 153

Food Supply License Supplies 2020 153

Margin Edge

NOVEMBER 10, 2021

There are three primary ways for restaurants to pay their bills: manually writing checks (stuffing, licking, stamping envelopes, and taking them to the post office), using credit cards or digital banking, and lastly using a third-party provider like Bill.com, QuickBooks, or your restaurant management system (RSM). Fuhgeddaboudit.

Management 79

Management Management Cash Management Front of House 79

Apicbase

AUGUST 25, 2023

As Carl Orsbourn and Meredith Sandland emphasise in their 2021 book Delivering the Digital Restaurant: Your Roadmap to the Future of Food , it’s crucial to understand this disruption. Let me Explain with an Example If you stick to the old ways of thinking, you’ll get by but miss out on many opportunities.

Cash Management 52

Cash Management Technology Front of House Allergens 52

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? When you give back to the community, the community takes care of you. Here are their responses. Click here for part two.

2020 180

2020 Online Ordering Fast Casual Point of Sale 180

The Restaurant Times

FEBRUARY 22, 2022

However, we are living in exciting times with new opportunities emerging out of utter chaos. The labour shortfall and supply chain constraints that plagued 2021 have persisted into 2022. It helps them get the most out of their money and lets them feel like they’re making a difference.

2022 98

2022 Front of House Cash Management Online Ordering 98

Perfect Daily Grind

OCTOBER 1, 2022

Speakers will include Head of Beverages at Nestlé Professional, Patrick Stern, and Relationship Manager at Perfect Daily Grind, Nicholas Yamada. This year’s World Coffee and Tea Expo to take place in Lagos, Nigeria from 1 to 3 December 2022. revenue growth in 2021, bolstered by rising Nespresso sales. Nestlé UK reports 13.2%

2022 135

2022 2023 Point of Sale Webinar 135

7 Shifts

NOVEMBER 9, 2022

Designing newsletters and using an email service provider to send them out can cost between $10-$100 per month for new outlets. in 2021 , and it's been on a slippery slope for years. Before you set out to do anything, plan accordingly. HubSpot, MailChimp, Hunter.io, Moosend, and Zoho Campaigns are some tools you can try out.

Email Marketing 195

Email Marketing Loyalty Program Social Media Point of Sale 195

7 Shifts

FEBRUARY 12, 2021

Maybe it’s to take your grandmothers’ recipes to the masses. You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. Find Out Why the Restaurant is for sale. Once you’re ready and funded, here are the steps to take to realize the dream of ownership.

License 195

License Equipment Certification Information 195

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 180

2022 Food Supply Back of House Kitchen Safety 180