article thumbnail

2023 Reflections: The Year That Was in Restaurants, Part Three

Modern Restaurant Management

In 2023, we saw sellers increasing throughput utilizing the “experience creates consumption” strategy and we predict an increase in draft program profitability in 2024 as more on-premise professionals embrace the needs of the highly coveted craft beverage loyalists.

2023 120
article thumbnail

2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

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. Just as the transition to renewables and electric vehicles has thrived on collaborative efforts, we foresee more collaboration for the cultivated meat industry in 2024.

2024 193
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Set Up and Run a Ghost Kitchen for Your Restaurant Business

Restaurant365

Revenue is expected to show an annual growth rate (CAGR 2020-2024) of 5.1%, resulting in a projected market volume of $32,325m by 2024. Third-party apps can take 30% of your delivery earnings and in-house delivery has its own costs, such as salaries, vehicle maintenance, gasoline and insurance.

article thumbnail

Rising Restaurant Minimum Wage: What to Know for 2021

Touch Bistro

if the company provides health insurance). hour on January 1, 2024. You’ll also need to adjust payroll for higher contributions to workers’ compensation and liability insurance. When you analyze sales data alongside the cost of your inventory, you can increase prices of high-volume, high-margin items only. Nevada: $9.75/hour

2021 98
article thumbnail

How Kwini Reed Makes Intentional Restaurants at Poppy + Rose and Poppy & Seed

7 Shifts

And I knew that she didn't have medical insurance, but I went to her and I was like, 'I know that this is going to be a strain. And so with analytics, since they're putting all the invoicing, that's even non-inventory items like the security invoices, anything like that, Cintas , okay, they're putting that all there. How can we help?'

article thumbnail

January/February 2021 Legal Update

Modern Restaurant Management

FDA Announces 2024 Compliance Date for Food Labeling Regulations : On January 4, the Food and Drug Administration announced that it would set January 1, 2024 as the uniform compliance date for final food labeling regulations that are issued in calendar years 2021 and 2022. Administrative Developments.

2021 147