7 Shifts

JANUARY 9, 2024

A modern restaurant management system can help with compliance. If the restaurant management chooses to pay some or all of the service charge out to staff, that money counts as taxable wages, not tipped income. Managers, supervisors, and employers can’t receive funds from tip pools either. Let’s look at an example.

Restaurant Law 221

Restaurant Law Cash Management Tip Distribution 2024 221

Modern Restaurant Management

FEBRUARY 27, 2023

Restaurant365’s State of the Industry Customer Survey shows that 60 percent of surveyed customers plan to expand their businesses in 2023 despite expected increased labor and food costs. It is important to consider if the first location has the cash flow to help financially carry the second location for a period of time if needed.

Cash Management 189

Cash Management Point of Sale Inventory Email Marketing 189

7 Shifts

JANUARY 9, 2024

A modern restaurant management system can help with compliance. If the restaurant management chooses to pay some or all of the service charge out to staff, that money counts as taxable wages, not tipped income. Managers, supervisors, and employers can’t receive funds from tip pools either. Let’s look at an example.

Restaurant Law 195

Restaurant Law Cash Management Tip Distribution 2024 195

7 Shifts

OCTOBER 20, 2022

In this article, we'll explain how tip pooling works in different states and what restaurant owners and operators can do to follow the laws. Recommended Reading: Tip Pooling Tools to Easily Manage Tips at Your Restaurant. Managers that have the authority to fire employees cannot be included. Table of Contents. Tip Pooling Laws.

Tip Distribution 195

Tip Distribution Restaurant Law 2023 Cash Management 195

Apicbase

FEBRUARY 29, 2024

2023 has been a challenging year for restaurant operators, caught as they were between rising food costs and labour shortages. In a 2023 survey, 29% of operators said they are very likely to open new locations in 2024. Most operators raised their menu prices in 2023, but fewer expect to do so in 2024.

2024 52

2024 Operations 2023 Loyalty Program 52

Modern Restaurant Management

JANUARY 8, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. During peak seasons, considering outsourcing certain services becomes a practical solution to ensure seamless operations. Read the first part, here.

2024 215

2024 Loyalty Program Cash Management Customer Experience 215

Perfect Daily Grind

JANUARY 27, 2023

Alliance for Coffee Excellence announces 2023 auction dates. The 2023 auction line up includes 13 Cup of Excellence auctions, four Private Collection auctions, and one Pilot Project. EL&N also operates six locations in Riyadh. Growing Coffee in the Face of Climate Change to air on YouTube on 8 February 2023.

2023 112

2023 2022 Events Certification 112

Modern Restaurant Management

DECEMBER 19, 2023

The recovery in the restaurant industry means that restaurant owners looking to sell their business in 2020, but couldn’t due to the pandemic economy plummeting restaurant values can finally sell in 2023. However, high-interest rates are pushing some prospective buyers out of the market who can’t pay with cash.

2024 100

2024 Marketing Cash Management 2023 100

Modern Restaurant Management

JANUARY 13, 2023

In this column, Modern Restaurant Management (MRM) magazine looks at newly introduced menu items from top brands. Prizes range from discounts off a meal, free pizza for a year, a trip for two to California and cash prizes from $500 to $50,000. Each envelope contains a secret prize, redeemable on a future visit.

2023 100

2023 Menu Seasonal Menu Back of House 100

The Restaurant Times

JANUARY 26, 2023

But as cloud technology developed, the basic POS system transformed into a full-fledged restaurant management system. Top 5 Restaurant POS Features To Look For In 2023 A POS system today is capable of handling employee schedules and clock-ins, data collection for business intelligence, and providing a personalized customer experience.

POS 59

POS 2023 Loyalty Program Point of Sale 59

Modern Restaurant Management

MARCH 14, 2024

They've also shared about shifts and growth in the pizza industry and three ways to increase a pizzeria or pizza chain’s cash flow. Ways to Increase Cash Flow Pay attention to internal issues and delivery orders – especially during peak hours. percent from 2022 to 2023, and in 2023, pizzerias made up 5.84

Online Ordering 110

Online Ordering Cash Management 2023 Inventory 110

Lavu

SEPTEMBER 29, 2023

According to the National Restaurant Association 2023 Restaurant Industry Forecast , 9 in 10 restaurants are experiencing staffing shortages. This statistic is based on a survey of restaurant operators conducted in January 2023. The restaurant labor shortage has had significant impacts on restaurant operations.

Loyalty Program 166

Loyalty Program Front of House Mobile Ordering Customer Service 166

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. The Florida Restaurant & Lodging Association reports that as of September 30, 2023, Florida’s minimum wage is $12.00 What is the minimum wage in Florida? Attorney Matthew K. per hour (minimum).

Restaurant Law 221

Restaurant Law Certification Food Safety Cash Management 221

EATER

APRIL 10, 2024

Wonder, which operates 11 locations mostly in New York City and its adjacent suburbs, is intent on rethinking restaurant delivery. It was a wild, expensive, and ultimately impractical idea, and in early 2023 Wonder ditched the vans in favor of brick-and-mortar locations, the first opened in February 2023 on Manhattan’s Upper West Side.

Delivery 137

Delivery Cash Management Point of Sale Back of House 137

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 100

Cash Management Equipment Front of House Small Business 100

Perfect Daily Grind

FEBRUARY 10, 2023

International Coffee Organisation says coffee prices remained stable during January 2023. The US Department of Labor says the businesses “illegally allowed managers to keep a portion of the tips earned by workers”, which violated the Fair Labor Standards Act. Luckin Coffee opened nearly 500 stores in January 2023.

2023 122

2023 Pricing White Paper 2022 122

Modern Restaurant Management

AUGUST 16, 2023

However, given the current circumstances surrounding the COVID-19 pandemic, economic instability and impending recession in 2023 , traditional norms are shattered. Gone are the days of cash-only transactions. The food industry has been historically slow to integrate technology and digital solutions.

Loyalty Program 167

Loyalty Program Mobile Ordering Dietary Restrictions Point of Sale 167

Modern Restaurant Management

MAY 5, 2023

In 2023, it is estimated that 87 million Americans will dine out on Mother’s Day. This type of technology-aided self-service speeds up things in the kitchen, and is not subject to misunderstandings between customers and cash operators, all while reducing the burden on the staff and the waiting time for customers.

Mobile Ordering 167

Mobile Ordering Online Ordering Customer Service Customer Experience 167

Get Beyond

OCTOBER 24, 2023

This year, Small Business Saturday falls on November 25, 2023. Check your toolbox Has the shop been operating as cash only? From streamlined payment processing to payroll management, Get Beyond helps manage your backroom so you can get back to business. Are you ready to make the best of this one-day event?

Small Business 52

Small Business 2023 Social Media Customer Experience 52

Perfect Daily Grind

FEBRUARY 17, 2023

A panel of judges will pick a winner who will receive either US $5,000 in cash or US $15,000 in credit for MTPak Coffee products. Applications are open until 1 July 2023 and the application form is here. Along with the closure of 53 stores in the country, Tim Hortons suggests rising inflation could impact the business in 2023.

2022 121

2022 2023 Cash Management Food Supply 121

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. by the end of 2023 and surpassing pre-pandemic levels.*

Cash Management 88

Cash Management Government 2025 2023 88

Sling

APRIL 2, 2023

We’ll answer those questions in this article and introduce you to an app that can help you manage your workforce better. Casual incentives can take the form of anything from recognition to cash to a catered lunch. This is just one example of how you can use cash to motivate your team to achieve any goal you set.

Cash Management 78

Cash Management Loyalty Program Casual Specials 78

Apicbase

AUGUST 25, 2023

Digitisation is more than introducing new technology; it requires a digital mindset – a new way of thinking that changes how restaurants operate. Historically, restaurant operators have (often) been resistant to change. Imagine you’re in a restaurant and have been using an analogue cash register for years.

Cash Management 52

Cash Management Technology Front of House Allergens 52

Get Beyond

JANUARY 4, 2024

Acclimate to AI In 2023, AI was the watchword. Upskill Whether you have a digital marketing specialist on your team or are a one-person operation, upskilling is a surefire tool for small business success in 2024. For many, it’ll simply mean sharing your mission and why statement with the outside world.

2024 52

2024 Small Business Cash Management Email Marketing 52

Aaron Allen & Associates

FEBRUARY 15, 2024

We’ve recently been asked a lot to work as an objective third party to validate new models, speed of operations, new initiatives (from changes in positioning to new prototypes to what geographies to launch into), long-term strategic plans, and brand portfolios. Will consumers like it just as much as the management team does?

2002 52

2002 Point of Sale 2023 Back of House 52

Perfect Daily Grind

OCTOBER 1, 2022

The online event will explore the challenges that farmers and their communities face, as well as OOH coffee operators, and expand on how Nescafé provides support to these supply chain actors. Speakers will include Head of Beverages at Nestlé Professional, Patrick Stern, and Relationship Manager at Perfect Daily Grind, Nicholas Yamada.

2022 135

2022 2023 Point of Sale Webinar 135

Restaurant Business

JUNE 5, 2023

Money management: A key to successful business Knowing how to best manage incoming and outgoing money is essential for any business. They can take a close look at a business and uncover specific ways to improve how owners can manage money. Credit cards also allow businesses to hold onto their money longer, improving cash flow.

Cash Management 68

Cash Management Small Business 2023 Equipment 68

Aaron Allen & Associates

NOVEMBER 2, 2023

Whether you are a lender, investor, operator, part of a management team, or in executive leadership, you can benefit from looking at debt through this lens. Private Debt Secondaries Are on The Rise Private debt secondary markets activity has grown steadily over the last five years, and we expect 2023 to continue that trend.

Cash Management 59

Cash Management 2024 Point of Sale 2023 59

Modern Restaurant Management

MARCH 15, 2023

Dynamic pricing would add friction to the guest experience, according to Capterra’s 2023 Dynamic Pricing in Restaurants. Modern Restaurant Management (MRM) magazine asked Molly Burke, senior restaurant analyst, Capterra, for additional insights on the survey results. In reality, dynamic pricing is far from a silver bullet.

Pricing 198

Pricing Consumer Goods Customer Experience Food Order 198

Perfect Daily Grind

OCTOBER 7, 2022

The company says funding will be used to provide Nescafé suppliers with more training on climate-resilient farming techniques, as well as providing cash incentives to producers who adopt these practices. Project Café USA 2023 finds 80% of US branded senior coffee shop leaders are optimistic about future growth. Tinker Coffee Co.

Sustainability 135

Sustainability 2022 2025 2023 135

Kounta

JANUARY 9, 2020

Revenue for the hospitality industry will exceed $108 billion by the year 2023 — Bankwest, Future of Business. Trend 1: Cash me if you can — cashless society will reach greater heights. Turning point: calling time on cash — Commonwealth Bank of Australia. But what’s in store for the industry in 2020?

Hospitality 98

Hospitality Cash Management Influencer POS 98

Perfect Daily Grind

MARCH 5, 2023

In the years following, coffee quickly became one of the country’s biggest cash crops. By 1880, exports of coffee had significantly surpassed other commodities, especially indigo (a natural dye), which was also another major cash crop. It’s believed that coffee was introduced to El Salvador around 1740.

2004 181

2004 Café Cash Management 2022 181

Sling

JULY 1, 2023

5) Pick a great location When you’ve got cash in hand, it’s time to take the next step and find the spot that will soon turn into your restaurant. Once you’ve hired a great team, you can take advantage of the Sling app to help manage everyone. Since location is crucial in this industry, you’ll want to scout out the possibilities.

Fine Dining 78

Fine Dining Cash Management Restaurant Law Consumer Goods 78

EATER

FEBRUARY 26, 2024

It’s where you go when you’re freshly flush with cash from your first teenage job and want to feel fancy with your friends as you try to figure out how the hell to pronounce “Emmentaler.” The operations, though, are very standard, and there are some things that you can’t deviate from. 31, 2024, in Houston. “We

Dine-in 112

Dine-in Customer Experience Specials Cash Management 112

The Restaurant Times

OCTOBER 24, 2021

The food ordering market in India is expanding at a CAGR of 16% to reach $17 billion by 2023 as per DataLabs by Inc42. billion by 2023. . It is no wonder that with one foot firmly in the food delivery business, food aggregators are aggressively moving towards cloud kitchens to cash in on the frenzy. Source: Moneycontrol.

Kitchen Safety 52

Kitchen Safety Online Ordering Mobile Ordering Food Order 52

The Restaurant Times

JULY 17, 2021

billion by the year 2023. When it comes to restaurants, choosing a versatile POS system is imperative to manage multiple operations and outlets the right way. Cloud POS systems are more advantageous than the latter and create more opportunities for restaurateurs to streamline operations. Wider Accessibility.

POS 52

POS Cash Management Online Ordering Point of Sale 52

7 Shifts

MAY 15, 2023

Did you know that payroll/labor makes up almost one-third of a restaurant's operating costs ? Restaurant payroll is a system for calculating and managing the salaries of employees in a restaurant. Employers need to track hours, calculate wages, manage shift schedules , and maintain employee records.

2023 195

2023 Tip Distribution Audits Restaurant Law 195