The Restaurant Group

MARCH 11, 2024

Managing a restaurant involves so many moving parts, including sourcing high-quality ingredients, purchasing a seemingly endless list of supplies, managing staffing and scheduling, and budgeting for a profitable restaurant – all within a set budget. One example is our restaurant remote management service.

Management 78

Management Management Cash Management Insurance 78

Culinary Cues

DECEMBER 17, 2020

There are short-term band aid solutions such as takeout, delivery, or even conversion into retail markets where wine inventories and local necessities take over space once occupied by diners, but they are not a replacement for a steady turn of tables. Even the best operators are at a loss for solutions.

Uniforms 470

Uniforms Cash Management Brewery Consumer Goods 470

Restaurant365

MARCH 10, 2022

With food costs running at approximately 30% or higher, learning importance of inventory management and how to prevent common mistakes is critical in successfully driving down costs and maximizing profits. First, let’s break down the two types of inventory costing, Actual and Theoretical. Theoretical Variance.

Inventory 78

Inventory Management Management Merchandise 78

7 Shifts

MARCH 11, 2020

You won’t have cash coming in until you open your doors, so you’ll have to depend on your life savings, investments, and loans to get you through your first few weeks or months of business. If your space is worth $1 million, for example, you’ll need $100,000 in cash to lock in the space. How does this break down, roughly?

License 354

License Cash Management Inventory Food Supply 354

Society Insurance

NOVEMBER 15, 2022

As a bar or restaurant owner, you know that your night isn’t over when the last customer leaves. When the door closes and the lights come back up in the dining area and bar, there are still tasks to complete before the night is truly done. Taking inventory and reporting low-stock items to the chef or manager.

Front of House 97

Front of House Food Safety Cash Management Back of House 97

7 Shifts

MARCH 10, 2021

This process includes focusing on your daily finances , such as cash flow, payroll, and inventory. Invest in Technology Accounting and inventory management software are just a couple of the technologies that small business owners should invest in. Adding a bar to that outdoor space can increase revenue even more.

Management 370

Management Management Small Business Email Marketing 370

Embrace the Suck

JANUARY 20, 2021

Most restaurants and bars got caught with their pants down. They didn’t have adequate cash reserves and lived for the weekend sales to keep them going. We should be managing our inventory better. This will also reduce inventory and staffing as well, which is a good thing moving forward. Screw that!

Social Media 416

Social Media 2001 Online Ordering Cash Management 416

Restaurant365

SEPTEMBER 23, 2021

Whether you’re a bookkeeper, accountant, restaurant owner, or store-level manager, understanding the basics of accounting can pay dividends for your business. Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

The Restaurant Times

NOVEMBER 15, 2021

When you open a restaurant/bar, you are expected to provide top-notch customer service not only for the restaurant but also the bar. In addition to delivering excellent cuisine, running a great restaurant, brewery, or bar necessitates excellence in a variety of areas. Hiring The Right People .

Training 52

Training Bar Dietary Restrictions Point of Sale 52

Modern Restaurant Management

MARCH 1, 2023

Is your restaurant up to speed with the latest best practices for back of house (BOH) management? So, which back of office trends should restaurant ownership and management be concerned with heading into 2023? They include restaurant management tips for cutting costs, decreasing food waste, and much more.

Front of House 170

Front of House BOH Back of House 2023 170

7 Shifts

FEBRUARY 15, 2024

The demands of the modern bar are significant: inventory issues, demanding customers, volatile prices, and — perhaps the biggest of all — staffing, scheduling, and other labor concerns. Bar management software is a tech-forward way to handle many of the elements necessary to operate a bar successfully.

Inventory 195

Inventory Bar Management Management 195

7 Shifts

FEBRUARY 15, 2024

The demands of the modern bar are significant: inventory issues, demanding customers, volatile prices, and — perhaps the biggest of all — staffing, scheduling, and other labor concerns. Bar management software is a tech-forward way to handle many of the elements necessary to operate a bar successfully.

Inventory 195

Inventory Bar Management Management 195

Bevspot

JULY 27, 2015

Sitting bar inventory can often be overlooked as profitable products that are waiting to be sold. While the ultimate hope for all sitting inventory is that it will (at some point) convert to sales—the simple fact is that until it does, it represents critical components in your business. SEE HOW BEVSPOT CAN HELP YOUR BAR.

Inventory 52

Inventory Cash Management Point of Sale Bar 52

Bevspot

JULY 27, 2015

Sitting Inventory Sitting bar inventory can often be overlooked as profitable products that are waiting to be sold. While the ultimate hope for all sitting inventory is that it will (at some point) convert to sales—the simple fact is that until it does, it represents critical components in your business.

Inventory 52

Inventory Cash Management Point of Sale Bar 52

Bar and Restaurant Coach

MARCH 16, 2019

The following guest post is from Frankie Merriam, Managing Partner at Olde Towne Tavern near Atlanta. At least that’s what my mentors told me when I was trying to grasp the concept of inventory and menu costing years ago. For some, bar costs might be 15%, others could be 25%. Most managers would say, “Meh, what the hell?

Cash Management 104

Cash Management Inventory Coaching Bar 104

Lavu

MARCH 2, 2020

Doing so helps managers and restaurant owners to make informed decisions and implement profitable strategies. The major functions of BI include data mining, reporting, analytics, online analytical processing, and business performance management. A restaurant analytics system can be built in the restaurant management software.

Cash Management 78

Cash Management Point of Sale Front of House Inventory 78

7 Shifts

JANUARY 23, 2020

This advice were submitted by owners and managers of restaurants of all sizes, concepts, and locations in the forthcoming 7shifts Restaurant Labor Management Study in 2020 ( subscribe to get your copy when it’s published!). Manager, Mercato Italiano. As a manager, work for your staff and your staff will work for your customer.

2020 335

2020 Hiring Cash Management Education 335

Lavu

JANUARY 21, 2020

A small restaurant business will often change its inventory level based on the demands of the customers. Let’s have a look at the major accounting methods used by small restaurants: Cash Accounting Method. The cash accounting method is based on cash transactions.

Cash Management 78

Cash Management Point of Sale Small Business Customer Service 78

BNG Point of Sale

SEPTEMBER 8, 2021

POS System Vs Cash Register: What’s The Difference? . A cash register, at its most basic level, is designed to record the transactions of sales that occur in a store.-for POS System Vs Cash Register . POS stands for point of sale, and it is a sale software suite that manages money, inventory, and business transactions.

POS 52

POS Cash Management Point of Sale Loyalty Program 52

Lavu

DECEMBER 20, 2019

Under Internal Revenue Service regulations , employees must keep a daily record of the cash and non-cash tips received, either directly or indirectly. amount of cash tips to their employer by the 10th of the following month. Employees must report any non-cash tips on. Inventory Management. You must make.

Cash Management 78

Cash Management Point of Sale Employee Relations Inventory 78

Lavu

JANUARY 21, 2020

This includes communication of financial statements like income statements, balance sheets, and cash flow. This includes the revenue of the restaurant, cashflow, inventory levels, and income statements. They document all the financial transactions of the restaurant, keeping track of the inventory, cash flow, and income statements. .

Cash Management 78

Cash Management Point of Sale Inventory Information 78

BNG Point of Sale

JANUARY 19, 2021

Running a POS system for your business is a key way to speed up orders and improve customer service; this is a universal truth for both restaurants and bars alike. Businesses like restaurants and bars use today’s advanced POS systems to their advantage, and you can benefit from them, too. How does a POS system work in a restaurant?

POS 98

POS Cash Management Mobile Ordering Loyalty Program 98

Squirrel Systems

AUGUST 6, 2022

Show items that are on countdown as soon as they start a shift so they can upsell and lower inventory of excess items. Managers can pick and choose the view so they can efficiently assign and monitor server assignments 3) Born on Date Stop printing a slips that remind servers the born on date to verify legal drinking age.

Cash Management 52

Cash Management Online Ordering Hotels Point of Sale 52

Deliverect

OCTOBER 2, 2019

Pick the right one and you can streamline all your restaurant operations, from orders and payments to staff and inventory management. Founded in 2005 with headquarters in Canada, Lightspeed is a cloud-based point of sale system for restaurants and bars of all sizes. But with so many providers out there, how do you decide?

POS 60

POS Delivery Cash Management Point of Sale 60

Modern Restaurant Management

FEBRUARY 4, 2022

This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. A short menu can slim down the food costs through streamlined inventory management, as well as reduced food waste. Focus on seasonal produce to ensure peak freshness.

2022 217

2022 Customer Service Online Ordering Website Management 217

Margin Edge

FEBRUARY 24, 2022

As a refresher, COGS = beginning inventory + purchased inventory – ending inventory. You could also have a POS error where the buttons aren’t ringing in correctly, servers could be giving away beer to drive tips, or someone could just be really bad at counting inventory. What Are COGS & Why They Matter.

Inventory 82

Inventory Point of Sale Waste Fine Dining 82

Lavu

SEPTEMBER 29, 2023

Create a positive bar or restaurant work environment to retain restaurant staff. Some ways Lavu can help automate tasks and improve efficiency are: Order Management: Lavu provides a user-friendly interface for taking orders, which reduces errors and speeds up the process.

Loyalty Program 166

Loyalty Program Front of House Mobile Ordering Customer Service 166

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. " – John Oakes, Revenue Management Solutions CEO. Slow movers tie up inventory -and the cash needed to by that inventory. For part one, click here.

2023 195

2023 Loyalty Program Mobile Ordering Customer Experience 195

BNG Point of Sale

OCTOBER 13, 2021

They offer a wide range of hardware and software options to aid in everything from sales to management to accounting. Cash register/drawer. There are two types of POS software: front-end software, where transactions are processed, and back-end software, where analytics, sales, inventory and other important data is stored.

POS 52

POS Loyalty Program Point of Sale Cash Management 52

Mad Mobile

FEBRUARY 5, 2024

Enhancing bars and pubs with efficient table ordering systems Bars and pubs exist in a constantly changing marketplace. Implementing a tableside ordering system like CAKE can help managers and owners track inventory and update menus on the fly. Even if you don’t offer food, it’s a complicated atmosphere.

Ordering 52

Ordering Fast Casual Mobile Ordering Fine Dining 52

Xtra Chef

SEPTEMBER 14, 2020

This product release includes the debut of Waste Tracking for Inventory Management users, updates to xtraCASH and Sync, and some new features to look for in the Vendor Hub and Purchasing & Ordering Management. Inventory Management users, meet Waste Tracking! The updates are now live for all xtraCHEF customers.

Waste 88

Waste Cash Management Online Ordering Inventory 88

BNG Point of Sale

OCTOBER 26, 2020

Whether you are a restaurant, bar, a brick-and-mortar retail business, or an online business, there are plenty of options for advanced, cutting-edge POS software and hardware solutions for any type of business and budget. Restaurant And Bar POS Systems Of North Dakota. inventory control. reservation management.

POS 98

POS Point of Sale Loyalty Program Online Ordering 98

BNG Point of Sale

OCTOBER 26, 2020

Whether you are a restaurant, bar, a brick-and-mortar retail business, or an online business, there are plenty of options for advanced, cutting-edge POS software and hardware solutions for any type of business and budget. Restaurant And Bar POS Systems Of North Dakota. inventory control. reservation management.

POS 97

POS Point of Sale Loyalty Program Online Ordering 97

Goliath Consulting

MARCH 2, 2019

The decision to plan early and think outside norms paid off huge dividends for us, leading to impressive profit margins and well-maintained inventories amid many other restaurants running out of product and staffing. This led to the kitchen running smoothly and maintaining the targeted quality and inventory of product.

Events 104

Events Cash Management Email Marketing Outdoor 104

Focus POS

JUNE 17, 2019

It’s a system that takes the place of a traditional cash register and provides much more than basic transaction functionality. Restaurant point of sale software empowers businesses to control labor costs, manage inventory, and have deeper visibility into business operations. POS for Restaurant Franchise Management.

Point of Sale 113

Point of Sale Cash Management POS Franchise 113

Lavu

JANUARY 3, 2020

EBITDA shows the earning power of the business based on its cash flow. EBITDA subtracts all non-cash items. Some of the items excluded in Adjusted EBITDA include non-cash items, unrealized gains and losses, one-time gains and losses, non-operating income, and litigation expenses. . What is adjusted EBITDA?

Cash Management 80

Cash Management Point of Sale Seasonal Menu Inventory 80

BNG Point of Sale

AUGUST 19, 2021

Food and drink inventory costs need to include the ingredients costs per meal or per drink. To calculate your CoGS, take your starting inventory amount plus the cost of that inventory and subtract your ending inventory amount. . Reduce Food Waste with Tight Inventory . Your percentage should be around 60%. .

Cash Management 52

Cash Management Point of Sale Inventory Food Truck 52