Modern Restaurant Management

AUGUST 17, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features consumers' dining desires, the power of personalization and the untapped opportunity in localized marketing. Other leisure-related categories affected the most included travel, cruises, lodging and airlines. COVID-19 Consumer Dining Trends.

2020 493

2020 Mobile Ordering Loyalty Program Food Safety 493

7 Shifts

AUGUST 18, 2024

But the challenges don’t stop there—once open you have to focus on improving processes, managing labor schedules, and controlling restaurant costs. Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. This is only a guideline.

License 370

License Equipment POS Food Supply 370

Modern Restaurant Management

NOVEMBER 14, 2019

Modern Restaurant Management (MRM) magazine quizzed Anderson and Sr. What are some lessons you have learned along the way you could relate to someone just starting out in the restaurant industry? You used to have to hire an advertising agency to market to your customers. How is tech incorporated into operations?

Social Media 361

Social Media Advertising Technology Dine-in 361

7 Shifts

MAY 1, 2024

Table of Contents 5 easy steps to simplify bookkeeping in the restaurant industry Essential accounting and bookkeeping reports for restaurant owners and managers Identifying and reducing controllable costs in the restaurant business Should I outsource restaurant bookkeeping or do it myself? Even those new to bookkeeping can use it!

Cash Management 221

Cash Management Employee Relations Inventory Beverage 221

Modern Restaurant Management

FEBRUARY 18, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry movers and shakers: "What do you feel is going to cause disruption in the restaurant industry over the next decade?” In addition to improving the guest experience, technology also makes it easier for restaurants to manage their operations. Reduce theft.

Mobile Ordering 539

Mobile Ordering Front of House Customer Service Customer Experience 539

7 Shifts

MAY 23, 2024

Managing a restaurant is not for the faint-hearted. However, as a rule, the primary costs you can expect in running your restaurant are usually related to food, labor, and rent. A restaurant budget allows restaurant owners and managers to see directly if they are meeting their income and expense benchmarks.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Cash Management 221

Modern Restaurant Management

SEPTEMBER 15, 2021

In a survey of 4,079 small business owners conducted from 8/15 to 9/13/21, 66 percent reported having a "very difficult" time finding the right employees to fill open roles, many of which are necessary to help them drive revenue and rebound. In July, 47 percent couldn't hire enough employees. Dining Trends in Canada.

2021 447

2021 Retail Online Ordering Loyalty Program 447

Modern Restaurant Management

JANUARY 9, 2020

parent company of fast-casual restaurant chain The Habit Burger Grill, for approximately $375 million in a cash transaction. and will continue to be managed by Russell Bendel, president and c.e.o., ” Grimstad is currently the chief manager of C. Brands, Inc. has agreed to acquire The Habit Restaurants, Inc.,

Fast Casual 282

Fast Casual Online Ordering Customer Service Employee Relations 282

7 Shifts

JULY 1, 2024

Your business name will also appear on your marketing materials, staff uniforms, menu, social media accounts, and advertisements, so make sure it isn't too long or complicated. It also has other functions, such as manufacturing and importing tobacco and advertising and labeling alcohol.

Bar 221

Bar License Food Supply Restaurant Law 221

Harbor Touch

APRIL 17, 2018

If employees receive benefits and compensation, they must be provided for work that employees perform. If you are audited, and the IRS believes you are overcompensating employees based on other amounts reported within the restaurant industry, you may not be able to deduct them fully. Employee Meals. Employee Tips.

Employee Relations 97

Employee Relations Insurance Point of Sale Cash Management 97

Restaurant365

AUGUST 25, 2020

Comprehending your restaurant cash flow is essential to running your restaurant business. Cash flow refers to the amount of cash coming into your restaurant minus the amount of cash going out on a daily, weekly or monthly basis. Common factors that cause cash flow issues. Too much inventory. Unexpected expenses.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Modern Restaurant Management

DECEMBER 12, 2019

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. Jim Hicks joins Nathan's Famous with over 25 years of senior management experience in restaurant operations and corporate support. More Tropical in Colorado. ” Camille Chavez.

Franchise 275

Franchise Franchising Loyalty Program Book 275

Lavu

MAY 30, 2025

You need to carefully manage your spending and reduce restaurant overhead costs whenever you can. Most restaurants have regular overhead costs in the following categories: Rent Utilities Advertising Equipment costs Services fees Salaries Hiring and training Knowing your expenses is the first step to cutting expenses.

Cash Management 78

Cash Management Online Ordering Waste Employee Relations 78

Restaurant Clicks

SEPTEMBER 18, 2020

By managing to successfully run a food truck, you cut a lot of maintenance, utility, and wage expenses that come with owning a restaurant. Employee Verification Number (EIN). Food Handlers/Employee Health Permit. Most of these are necessary for all food-related businesses, but for some it depends on which state you live in.

Food Truck 101

Food Truck Food License Social Media 101

Touch Bistro

JULY 4, 2021

are trying everything and the kitchen sink to recruit and retain employees in the face of a labor shortage the likes of which this industry hasn’t seen in decades. million food service employees lost their jobs in 2020. Bar Restaurant also offers healthcare to full-time employees, which is uncommon in most independent restaurants.

2021 98

2021 Employee Relations Hiring Recruiting 98

Bar and Restaurant Coach

MARCH 2, 2020

In earlier posts, here and here , we talked about the importance of effective communication, and how owners and managers can create great alignment within their businesses to make sure the whole team is on the same page—pushing for the same goals. When it’s time to cut an employee loose – you just cut ‘em loose. Simple, right?

Coaching 75

Coaching Employee Relations Hiring Document 75

Harbor Touch

NOVEMBER 21, 2022

Do your research Make sure you understand all the laws and regulations related to alcohol sales in your state. On the other hand, you may need to hire a manager and/or assistant manager to help with the day-to-day operations. There may be special licenses or permits you will need in order to open your bar.

Bar 78

Bar License Restaurant Law POS 78

Harbor Touch

NOVEMBER 21, 2022

Do your research Make sure you understand all the laws and regulations related to alcohol sales in your state. On the other hand, you may need to hire a manager and/or assistant manager to help with the day-to-day operations. There may be special licenses or permits you will need in order to open your bar.

Bar 78

Bar License Restaurant Law POS 78

Harbor Touch

NOVEMBER 21, 2022

Make sure you understand all the laws and regulations related to alcohol sales in your state. On the other hand, you may need to hire a manager and/or assistant manager to help with the day-to-day operations. Do your research. There may be special licenses or permits you will need in order to open your bar.

Bar 78

Bar License Restaurant Law POS 78

Lavu

JANUARY 15, 2020

Regardless of the purpose, restaurant financing is vital to running a successful business and ensuring smooth cash flow. . Nonetheless, there are several financing options at the disposal of restaurant owners and management. Explore the options from cash advances for emergency funding to capital loans for major purchases.

Cash Management 78

Cash Management Equipment Small Business Front of House 78

Restaurant365

OCTOBER 14, 2020

Balancing cash flow month to month, let alone year to year, can be difficult for the ever-changing restaurant industry. As a restaurant owner or manager, you can use a budget to understand your income and expenses, and at what levels you will profit, break even, or operate at a loss. And yet, in times of uncertainty, like the COVID-19.

Point of Sale 78

Point of Sale Email Marketing Advertising Cash Management 78

The Restaurant Times

JUNE 1, 2022

A restaurant accounting system keeps track of all essential restaurant financial transactions, makes a finalized report, collects tax-related information, and summarizes it all for you. . It can also generate statements related to profit or loss, make invoices, and check accounts for you. Account payable.

Operations 52

Operations Cash Management Employee Relations POS 52

The Restaurant Times

NOVEMBER 30, 2020

Evaluate cash flow for the first year and calculate the five-year-return to the franchise. Supply Chain Management. Vendor Management. Payouts and Commission Management. Managing the business of multiple Franchise Restaurants can be a daunting task. Cash Flow And Financial Projection. Initial setup cost.

Franchise 52

Franchise Franchising Cash Management License 52

The Restaurant Times

MAY 25, 2021

Management Team: This should include the list of stakeholders involved in the management of your cafe such as owner, manager, Head Chef, etc. Your cafe business plan must include a careful analysis of the various factors- regulatory and market-related changes – that might impact the running of your cafe.

Cash Management 52

Cash Management Employee Relations Email Marketing Point of Sale 52

Buzztime Business

FEBRUARY 3, 2021

NYSE American: NTN), today announced that its registration statement on Form S-4 relating to the proposed merger involving NTN and Brooklyn ImmunoTherapeutics LLC (“Brooklyn”) and the proposed sale of NTN’s assets to eGames.com Holdings LLC (“eGames.com”) has been declared effective by the Securities and Exchange Commission. CARLSBAD, Calif.,

Specials 60

Specials Cash Management Point of Sale Employee Relations 60

Indoor Media

OCTOBER 13, 2017

IndoorMedia’s CEO, Doug Endsley, started his career working in fast food and moved his way up to become the founder of the nation’s largest in-store advertising company. My dependency on the cash it provided made me determined to work hard and be successful at what I was doing. Every business owner has to start somewhere.

Point of Sale 78

Point of Sale Inventory Cash Management Leadership 78

The Restaurant Times

AUGUST 5, 2022

Successful restaurant accounting can help in efficient cash management, balancing financial books, optimizing costs, and overall business planning. Labor costs also include payroll taxes and employee benefits. Occupancy costs are the sum of all the expenses related to the location of your restaurant. Occupancy Costs .

Cash Management 52

Cash Management Point of Sale Inventory Employee Relations 52

The Restaurant Times

JANUARY 18, 2023

Independent platforms, such as online ordering platforms, rewards programs, food delivery, and customer relationship management systems (CRM), should work together to offer a seamless experience. What Is An Integrated Restaurant Management System? for managing phone calls, . streamlining inventory management, .

Operations 52

Operations Loyalty Program Point of Sale Online Ordering 52

Get Beyond

OCTOBER 24, 2023

Increase advertising The ramp-up to Small Business Saturday is as important as the day itself. Your advertising doesn’t necessarily have to revolve around the Small Business Saturday event, but making customers, and potential customers, aware of your business leading up to the day can increase foot traffic (or digital visitors) the day of.

Small Business 52

Small Business 2023 Social Media Customer Experience 52

Apicbase

APRIL 20, 2022

Verify that both customers and employees understand your brand concept. You will also need to estimate the expected growth rate for at least the first year of the franchise business, calculate the restaurant cash flow, and determine the payback period (the time it will take to cover the capital expenditure). The solution.

Franchise 52

Franchise Franchising Cash Management Kitchen Safety 52

Apicbase

JUNE 16, 2023

In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking. The metrics and calculations in this list will help you bring order to the chaos and manage the performance of each unit in the chain. In theory, it sounds easy. Why Are Metrics Important? That said, let’s dig in.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

7 Shifts

NOVEMBER 9, 2022

Now that you know what email newsletters can do for your restaurant, it's time to create a newsletter that wins hearts and sets the cash register ringing. Recommended Resources: Free Restaurant Management Excel Templates. An employee of the month. 6 Tips on Creating a Winning Restaurant Newsletter. Call to action (CTA).

Email Marketing 195

Email Marketing Loyalty Program Social Media Point of Sale 195

Modern Restaurant Management

APRIL 20, 2021

As consumers ramp up their event planning, operators should continue to leverage connected technology solutions to ensure the event booking and management process is streamlined and as user-friendly as possible. 30 percent of respondents shared they will be hosting their event at their home. Read Delaget's 2020 QSR Operational Index here.

2021 473

2021 Online Ordering Mobile Ordering Guest Recovery 473

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 345

2020 Kitchen Safety Consumer Goods Food Safety 345

Modern Restaurant Management

MAY 5, 2020

The new Yelp for Business will feature COVID-19 related content and prompts intended to help business owners communicate effectively with consumers and tips to weather the storm. Business owners will see this brand new experience when they log into their account this morning.

Guest Recovery 305

Guest Recovery Food Safety Loyalty Program Point of Sale 305