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How to Drastically Cut Expenses in Your Restaurant (and Stay Profitable During COVID-19)

7 Shifts

Comparing 7shifts’ internal data of 10,000+ restaurants, restaurants are seeing an average weekly decrease in sales of 50% across the board in North America. Download all the data from your restaurant POS or back-office management platform to get a sense of how your restaurant is operating today.

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Restaurant Management Software: Everything You Need To Know

The Restaurant Times

Restaurant operations, as we know them, are being totally upended by innovation and technology and when used correctly, restaurant management software is a sure-fire approach to assure a restaurant’s success. . Imagine the time and cost efficiencies you could get with a complete restaurant management system.

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Which Accounting Reports Should Your Restaurant Keep

Lavu

In this article, you will learn about the various accounting reports that your restaurant should keep. Daily Sales Report/Everyday Report. One of the most important accounting reports that you should keep is the daily sales report (DSR). In other words, it provides a snapshot of day to day events and what they mean financially.

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Choosing the Right Restaurant Financing and Restaurant Loans

Lavu

This article will delve into this in more details by focusing on: Definition of restaurant financing. This article will delve into this in more details by focusing on: Definition of restaurant financing. Regardless of the purpose, restaurant financing is vital to running a successful business and ensuring smooth cash flow. .

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Effective Restaurant Accounting Tips

Lavu

In this article, we are going to look at some of the most effective restaurant accounting tips: Understand Restaurant Accounting Terminology. A good accountant will help you in managing finances and producing key financial statements. Preparing good meals and serving customers is always an exciting part of running a restaurant.

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Pitfalls Of Starting A Restaurant Franchise — Is Your F&B Concept Fit For Expansion? Are You Ready To Deal With Franchisees?

Apicbase

Instead, we embrace the dark side and look at the pain points and pitfalls. Every pitfall mentioned in this article includes a solution (which reminds me, you should also look into best practices for F&B franchising). However, like every business model, it has a few drawbacks you should consider. Brace yourself. Here we go.

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How To Run A Successful Restaurant Franchise — 10 Essentials For Sustainable Growth

Apicbase

Managing a chain of company-owned restaurants is very different from working with franchisees. In this article, we’ll cover: Intellectual property Business plan Manual for franchisees Franchise agreement Marketing strategy Partnership with franchisees Training The right technology Feedback loops Franchise support team.