Get Beyond

JANUARY 4, 2024

But that doesn’t mean you can’t start implementing strategies for small business success in 2024 and beyond. Here are eight strategies for successful growth in 2024. Hone in on Hospitality AI may be a part of your business growth strategy for 2024, but it won’t replace the magic of a great customer interaction. Here’s why.

2024 52

2024 Small Business Cash Management Email Marketing 52

Modern Restaurant Management

DECEMBER 19, 2023

However, high-interest rates are pushing some prospective buyers out of the market who can’t pay with cash. QSRs are lower rent, with lower labor costs, and most importantly are easier to manage for potential owners new to the industry. The restaurant industry is back to normal.

2024 100

2024 Marketing Cash Management 2023 100

7 Shifts

OCTOBER 30, 2023

But restaurant owners, managers, and employees need to be aware of the labor laws and protections in place in the Sunshine State, like Florida’s unique approach to the minimum wage— which is steadily on the rise. per hour The hourly cash wage rate for tipped employees through September 2024 is $8.98 per hour (minimum).

Restaurant Law 221

Restaurant Law Certification Food Safety Cash Management 221

Modern Restaurant Management

AUGUST 16, 2023

Gone are the days of cash-only transactions. POS systems offer a multitude of benefits for businesses, including: Streamlined operations by automating various tasks such as sales transactions, inventory management and reporting. Here are the ways technology is revolutionizing the culinary world through.

Loyalty Program 167

Loyalty Program Mobile Ordering Dietary Restrictions Point of Sale 167

EATER

APRIL 10, 2024

In early April 2024, Wonder seemed to invest in its in-house delivery operations even more by acquiring Relay, a New York City-based delivery service, according to a person with knowledge of the deal. Wonder has managed to raise a whopping $1.5 There are no royalties, meaning chefs aren’t paid a percentage of their concept’s sales.

Delivery 130

Delivery Cash Management Point of Sale Back of House 130

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.

Cash Management 88

Cash Management Government 2025 2023 88

Modern Restaurant Management

MARCH 20, 2024

Scaling and Attracting Investors To effectively scale a multi-unit restaurant business in 2024, courting investors is often necessary. rent) and (v) cash-on-cash return / payback – how long and at what rate will investment in a specific location be returned.

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2024 Cash Management Food Sustainability 180

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. In such cases, management may remain in place or it may be needed that a third party takes over to stabilize the business, preserve the assets, and facilitate a path toward recovery.

2024 59

2024 Cash Management Point of Sale 2023 59

Aaron Allen & Associates

FEBRUARY 15, 2024

Originally published in the Aaron Allen & Associates newsletter on 02/12/2024. Will consumers like it just as much as the management team does? You will learn if you are paying a fair value and if the asset is likely to generate enough cash flow to re-invest or distribute during the holding period.

2002 52

2002 Point of Sale 2023 Back of House 52

Apicbase

FEBRUARY 29, 2024

To give you the full picture of the positives and negatives of what lies ahead for 2024, we combed through dozens of recent industry reports and compiled a list of 93 restaurant industry statistics. Restaurant Industry Stats 2024 – Our Top 10 10 restaurant industry stats for 2024 to keep in mind. Let’s dig in. billion by 2030.

2024 52

2024 Operations 2023 Loyalty Program 52

The Restaurant Times

JANUARY 26, 2023

But as cloud technology developed, the basic POS system transformed into a full-fledged restaurant management system. Over 20% of POS solutions are already in the cloud, and 29% are planning to do so by 2024. Customers adore loyalty programs’ benefits, like savings, cash rewards, or tailored offers.

POS 59

POS 2023 Loyalty Program Point of Sale 59

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.” 31, 2024, in Houston. We still want to own celebrations,” says Scott Martin, a regional general manager for the Chapmans’ Melting Pot locations. “We

Dine-in 103

Dine-in Customer Experience Specials Cash Management 103

7 Shifts

JANUARY 5, 2024

New York also allows employers to claim a tip credit , reducing the cash wage requirement by one-third of the minimum wage. The minimum wage in New York changed to $15 per hour for all locations on January 1, 2024. New York City, Long Island, and Westchester had already reached that level and were scheduled to increase to $16 in 2024.

Restaurant Law 195

Restaurant Law Cash Management Tip Distribution Employee Relations 195

7 Shifts

JANUARY 5, 2024

New York also allows employers to claim a tip credit , reducing the cash wage requirement by one-third of the minimum wage. The minimum wage in New York changed to $15 per hour for all locations on January 1, 2024. New York City, Long Island, and Westchester had already reached that level and were scheduled to increase to $16 in 2024.

Restaurant Law 195

Restaurant Law Cash Management Tip Distribution Employee Relations 195

Black Box Intelligence

AUGUST 5, 2021

To reduce manager turnover rates at restaurants, it’s important to make them feel comfortable about the safety of the workplace as well. And since the quality of your managers has a direct impact on employee turnover, it’s also important to make sure they’re engaged. The chain says it expects to pay employees $15 per hour by 2024.

Recruiting 98

Recruiting 2021 Management Management 98

Black Box Intelligence

AUGUST 5, 2021

To reduce manager turnover rates at restaurants, it’s important to make them feel comfortable about the safety of the workplace as well. And since the quality of your managers has a direct impact on employee turnover, it’s also important to make sure they’re engaged. The chain says it expects to pay employees $15 per hour by 2024.

Recruiting 71

Recruiting 2021 Management Management 71

Marketman

DECEMBER 21, 2019

Whether your restaurant is preparing for its grand opening night or will be celebrating its 10 year anniversary, it is never a bad time to begin implementing the best restaurant management practices and improving your processes. Restaurant management spans over a wide variety of elements including: Customer service. Staff management.

Management 52

Management Management Cash Management Inventory 52

Modern Restaurant Management

OCTOBER 4, 2022

Credit card payments have been outpacing cash transactions for some time now. The use of cash continues to fall, down to just 19 percent in 2021, and at the same time, spurred by the pandemic and simultaneous advances, digital payments are on the rise. percent of payments by 2024. They’re expected to make up 51.7

Point of Sale 202

Point of Sale Cash Management Mobile Ordering Customer Experience 202

Future Food

SEPTEMBER 27, 2023

The new Sydney Fish Market will be a global benchmark for fresh food and prepared food markets when it opens in 2024. (A The new Sydney Fish Market will be a global benchmark for fresh food and prepared food markets when it opens in 2024. (A They require contemporary management tools and an up-to-date approach.

Marketing 78

Marketing Food 2024 Retail 78

BNG Point of Sale

OCTOBER 15, 2021

The device functions as a mobile cash register and terminal to process sales transactions. mPOS technology provides several advantages to store owners, managers, sales employees and customers. Well over a century ago, the cash register enhanced the shopping experience and served as the hub of in-store commerce.

Retail 98

Retail POS Point of Sale Cash Management 98

The Restaurant Times

FEBRUARY 16, 2021

A report by Juniper Research states that contactless payments will triple to $6 trillion worldwide by 2024. From a cash flow point of view, it’s also more efficient. Complete Restaurant Management Software( POS system). Health organizations are still recommending that consumers use touchless payment solutions whenever possible.

Technology 98

Technology Mobile Ordering Online Ordering Cash Management 98

The Restaurant Times

JANUARY 27, 2022

Global contactless payments are expected to increase from $2 trillion to $6 trillion by 2024 , according to estimates. With no cash in hand, there is no need for human touch, which is more hygienic and safer. It’s also more efficient in terms of cash flow, which is another advantage. It is also quick, immediate, and easy.

Fine Dining 52

Fine Dining Technology Point of Sale Online Ordering 52

Mad Mobile

MARCH 8, 2024

Statistics from 2024 show that 84% of US consumers enjoy using self-service kiosks with 66% preferring them to staffed checkouts. They don’t have to wait for a server, and they don’t have to feel rushed to cash out at the end of their experience. One of the biggest drivers behind this shift is consumer behavior.

Ordering 40

Ordering POS Online Ordering Mobile Ordering 40

Modern Restaurant Management

SEPTEMBER 10, 2021

Slim Chickens continued expansion in Oklahoma, with its newest opening at 6731 Northwest Cash Rd. "We are so excited to bring this concept to Little Rock" says Rosemary Compton, Co-Owner and Manager of the location. "Little Slim Chickens Continues Expansion. in Lawton on September 7. Press Waffle Co. " says Compton. .

Franchise 188

Franchise Franchising Food Fast Casual 188

EATER

FEBRUARY 13, 2024

Dexter Reed (Kenan Thompson) is a delinquent teen who needs a job to make cash after he wrecked his mom’s car, and finally lands at Good Burger, working alongside Ed (Kel Mitchell), a well-meaning, if occasionally clueless, burger-flipper. Impossibly prescient for a kids movie, Good Burger also somehow manages to hold up comedically. —

Food 141

Food Food Truck Consumer Goods Food Order 141

Perfect Daily Grind

FEBRUARY 10, 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. The Munich company plans to open 25 stores in Texas by the end of 2024, including its first drive-thru location.

2023 122

2023 Pricing White Paper 2022 122

EATER

MARCH 22, 2024

In March 2024, Soho House executive chairman Rob Burkle issued a letter to shareholders after a short-seller report suggested the company was “ facing an existential crisis.” Somehow, the "wrong crowd" managed to infiltrate New York’s Soho House — a crowd of corporate suits. So, it’s entirely subjective.)

Back of House 89

Back of House Social Media 2017 Hotels 89

Modern Restaurant Management

DECEMBER 31, 2019

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders and experts for their insights on what will impact restaurants in 2020 and the response was overwhelming. Rick Camac, Dean of Restaurant & Hospitality Management at the Institute of Culinary Education.

2020 138

2020 Kitchen Safety Consumer Goods Point of Sale 138

EATER

MARCH 22, 2024

In March 2024, Soho House executive chairman Rob Burkle issued a letter to shareholders after a short-seller report suggested the company was “ facing an existential crisis.” Somehow, the "wrong crowd" managed to infiltrate New York’s Soho House — a crowd of corporate suits. So, it’s entirely subjective.)

Back of House 81

Back of House Social Media 2017 Hotels 81

7 Shifts

DECEMBER 14, 2023

Restaurant owners and managers must keep up with a steadily rising minimum wage (including tipped minimum wage), overtime laws, and other state-specific labor laws. One small restaurant group paid over $250,000 in back wages , and a single sushi restaurant in Fort Myers faced a $262,000 bill for forcing wait staff to share tips with managers.

Restaurant Law 195

Restaurant Law Employee Relations 2024 Cash Management 195

7 Shifts

DECEMBER 14, 2023

Restaurant owners and managers must keep up with a steadily rising minimum wage (including tipped minimum wage), overtime laws, and other state-specific labor laws. One small restaurant group paid over $250,000 in back wages , and a single sushi restaurant in Fort Myers faced a $262,000 bill for forcing wait staff to share tips with managers.

Restaurant Law 195

Restaurant Law Employee Relations 2024 Cash Management 195