This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
You can't scroll news sites without seeing more articles about inflation, but was does it mean for restaurants? Modern Restaurant Management (MRM) magazine quizzed expert Kathryn Petralia, co-founder of Kabbage, an American Express Company, for her analysis on what restaurants owners need to understand about inflation.
The food was, of course excellent, but more importantly reflective of the region and its history and the experiences of the chef. The dish machine was likely an under counter unit and there was no need for a walk-in cooler since supplies were purchased every day; a reach-in or two would suffice.
As Americans reach for a potential post-pandemic world, the restaurant industry continues to reel from two years of economic, staffing and supply chain chaos. A recent article in The New York Times cited a 5.7-percent A good starting point for addressing many issues is use of a manager’s log. Managers are already busy.
11, 2025 Facebook Twitter LinkedIn 7-Eleven is among the growing list of retailers and restaurants offering deals to lure cash-strapped consumers this summer. The prices for both restaurant food and food from grocery and convenience stores rose 0.3% Food prices overall are up 2.9% By Heather Lalley on Jun. Sign up here.
If you are making a cash deposit – take an extra few seconds to make sure the bills are facing in the same direction, and not bent, properly counted, and double checked for accuracy. Then go about finding out how to be a world-class dishwasher, breakfast cook, prep cook, grill person cooking hot dogs, server, bartender, chef, or manager.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features Grubhub's State of the Plate 2020 trend report, the fragility of "open," di g ital resilience and brand intimacy. State of the Plate 2020 – top foods across various cities. Top Foods of 2020. Financial Trends Insights.
Please note thought: this article is meant to provide information only and is not a substitute for any professional advice you may receive from an accountant, lawyer, HR, or other professional. Download all the data from your restaurant POS or back-office management platform to get a sense of how your restaurant is operating today.
This article will arm you with ideas for restaurant employee contests. And social media is no slouch, either: actively follow and engage with restaurants on social media, 74% say they are more likely to visit or order food from those establishments. Recommended Reading: Restaurant Task Management: How to Communicate Tasks to Staff 4.
People who don't work in the restaurant industry think that all there is to being a server is taking orders, bringing out food, and sorting out the bill. Restocking server side work Running out of supplies can turn a calm shift into one reminiscent of a chaotic round of Diner Dash.
You may also like our article on how digital marketing has evolved in the coffee industry. Arabica prices reached all-time highs in February 2025 , prompting coffee businesses across the supply chain to reassess their sourcing strategies to secure more cost-effective coffees while maintaining quality standards.
Smallholder coffee farmers are responsible for between 70 and 80% of the world’s coffee supply. Without access to finance, many coffee farmers struggle to invest in their farms – their businesses – and few can manage their farms enough to make them profitable. Rachel Nakasiita is Farmer Service Unit (FSU) Manager for NKG Bloom Uganda.
per hour — the lowest legal cash wage in the U.S. Melton also says she witnessed discrimination on the job — not only from customers but also from the store’s management. Even though Melton benefited financially from this practice, she spoke out about the inequity to the management. Jillian Melton was paid just $2.13
To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. "They're the only vendor — and I'm talking partners, food suppliers, marketing people — who has put out a Coronavirus Kit.
You may also like our article exploring Jamaica Blue Mountain coffee. Many former coffee plantations were also divided, with parcels sold off to smallholder farmers and former slaves who grew their own food, as well as smaller volumes of coffee. Jason Flynn is the operational manager at Trumpet Tree Coffee Factory in Jamaica.
You may also like our article exploring the role of a Kenyan coffee marketing agent. According to the Kenyan Agriculture And Food Authority , coffee was grown on around 119,000ha of land in 2019, making it one of Kenya’s biggest cash crops. Read on to find out what they had to share with me.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the great gift of a restaurant gift card, learning about event professionals, top QSR traffic and digital ordering strategies. Additionally, turnover rates for restaurant employees and managers continue to be at all-time highs. Top QSR Traffic.
People love your food, and they want it outside your restaurant, too. You have a restaurant, and people already love your food. In this article, we look at how to tell if you should start catering. The most important thing to consider is whether or not you have the resources to manage the added work. tweet this).
When you think about it, creating a business budget is probably one of the least exciting responsibilities of being a manager or an owner. In this article, the management experts at Sling discuss budgeting 101 and give you tips on how to build a business budget for your company, regardless of size. It might be a little.
The restaurant technology trends mentioned in this article will help restaurants to stay competitive and be able to better align better with any unforeseen changes or upcoming trends in the year 2021. . From a cash flow point of view, it’s also more efficient. Complete Restaurant Management Software( POS system).
Food costs are one of the most significant factors of a restaurant’s success. Knowing your restaurant food costs helps with menu pricing, affects prime costs, and plays an integral part in remaining profitable. But managing restaurant food costs can be challenging. What’s in The Restaurant Food Costs Guide?
In this article, we discuss how to get started with restaurant bookkeeping and the terms and practices that make it work. This will show you what percentage of your total sales go into purchasing food and paying your staff. Effective restaurant bookkeeping is essential if you want to ensure your operation’s success.
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. . Nonetheless, there are several financing options at the disposal of restaurant owners and management.
This is based on past experience within the food industry, in addition to being educated by many different baristas I’ve had the privilege to have conversations with. They say, “As a barista/manager who has worked food service over a dozen years, I tip $1/drink at coffee shops. Want to read more articles like this?
In this article, we will take a closer look at how to generate a P&L statement and how the results it provides can improve your business performance and drive you to hit profits that beat industry standards. . Cost of goods sold (CoGS): This is your cost for all food, drinks, and anything else you sell, such as T-shirts and hats.
Investing in skilled restaurant consulting during the start-up phase of your restaurant or food & beverage enterprise will help you reach the break-even point faster. A consultant should have a thorough understanding of the food sector as well as a genuine desire to see your company prosper. . Experience .
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. This could be the cost of buying food ingredients, beverages, taxes, staffing, and benefits.
This article aims to show how UK restaurateurs managed to increase restaurant sales in the new ‘touchless’ world and discuss some of their best practices. . The food presentation, texture, and taste do not remain the same compared to the food served freshly in dine-in facilities. Optimize Your Menu.
This article looks at some best practices in restaurant accounting and then offers some tips on helpful features of modern accounting systems – all from the perspective of owners and managers (no finance degree required!). Timing is Everything: Accrual vs Cash Reporting. Food, Dry Goods, Beer, Wine, etc.)
Restaurant companies held on to most of their managers. Of those employed back in January, on average 75% of restaurant managers remain actively employed today. A few companies are planning to stop receiving cash and some even plan to discontinue the use of physical credit cards. of consumer food spend, down from 10% in January.
In this article, we’ll cover everything you need to know, including: The difference between POS hardware and POS software 7 pieces of restaurant POS hardware that every venue needs What to look for when shopping for POS system hardware. Cash Drawer. Without this piece of hardware, you won’t be able to use your POS software.
According to a recent Forbes article , sit-down restaurants make a profit of about 6%. For example, fast-food margins can be much higher than full-service restaurants. And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. Trends can change. Make it a habit!
The previous article discussed what SWOT analysis is and why it is a must after the pandemic. This article will guide you through the steps to conduct an effective SWOT analysis for your restaurant. Look for ongoing consumer , food delivery and menu trends , upcoming festivals or events that can increase sales. .
The food service industry across the world is saturated with a large number of players without much variation in terms of offerings. This article has put together a comprehensive list of features that will help you select the best restaurant POS for your business. What is a Restaurant POS System? How does a Restaurant POS System work?
A Guide to a Restaurant’s Ideal Profit Margin for Food . Ideal Profit Margin for Food . The food business is notoriously tough. A Guide to a Restaurant’s Ideal Profit Margin for Food . 30% food costs . Food Trucks . 30% labor . 30% overhead expenses . 10% profit .
You probably have tons of vendors between your food and beverage, kitchen equipment, utilities, and subscriptions, who you pay with several different payment methods: autopay, mailed checks, e-checks, or payment platforms. Denizens Brewing Co. – Maryland, 2 units. You’ve got a restaurant ? you’ve got constant bills to pay.
According to a recent Forbes article , sit-down restaurants make a profit of about 6%. For example, fast-food margins can be much higher than full-service restaurants. And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. Trends can change. Make it a habit!
Interest for alcohol-related experiences has increased since June 1, relative to other food activities, with a rise in consumer interest for wineries (up 51 percent), cideries (up 39 percent), breweries (up 24 percent) and distilleries (up 19 percent). Meanwhile, grocery related businesses are on the decline as people spend less time at home.
But with supply chain headaches, rising labor costs, and unpredictable demand, that’s easier said than done. Here are three things every hotel operator should know about controlling costs (that most people overlook!).
Food waste is one of the largest areas of potential cost savings in a restaurant. This article was published in QSR Magazine. In the letter, the NRA addressed how increasing costs and limited supplies are restricting the industry’s ability to function. Menu prices have risen 4.7 percent in last 12 months alone.
Guest Intelligence tracks 6 main categories ‘food’, ‘beverage’, ‘service’, ‘ambiance’, ‘value’ and ‘intent on return’. Full-service restaurants experienced an erosion in net sentiment for ‘food’, ‘ambiance’, ‘value’ and ‘intent on return’ during the quarter. Multi-unit managers in full-service are now responsible for an average 8.8
EMBRACING CHANGE TO SURVIVE AND MAXIMISE FOOD SERVICE SALES. The prolonged closures on food and beverage venues have ranged from hard to devastating, not just from a sales perspective, but on the lives of hospitality workers and their families. let’s be clear from the beginning, the new normal, is not normal as we know it.
We organize all of the trending information in your field so you don't have to. Join 49,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content