Remove Beverage Remove Cash Management Remove Employee Relations Remove Tip Distribution
article thumbnail

2024 Outlook: Restaurant Trends and Challenges, Part Three

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. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

2024 212
article thumbnail

What Now? COVID-19 Survival Guide for Restaurants

Modern Restaurant Management

Due to the Covid-19 outbreak effect on the restaurant industry, Modern Restaurant Management (MRM) magazine is compiling a list of resources available for restaurant owners, operators and managers. Click here to read more tips to help your business get through the pandemic from a financial point of view. and Canada.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

How to Calculate and Optimize Your Restaurant Payroll Percentage

Restaurant365

Your restaurant operations include many different expenses, from food and beverage to utilities. Your payroll is the process of calculating and distributing wages to your employees. Your labor cost includes the following: Wages for hourly and salaried employees. Employee insurance. Employee benefits.

article thumbnail

Restaurant cleanliness: Importance of cleaning & sanitation in food industry

Clover - Restaurants

City and state health departments monitor local restaurants to ensure they’re following food safety management program guidelines. Additionally, in order for restaurant leaders to operate as a certified safe food handler , such as managers and chefs, they must pass assessments related to food safety and risks like foodborne illnesses.

article thumbnail

Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

Below, you'll find a series of actionable tips, tricks, and strategies you can employ today to do exactly that! Alcoholic beverages average out around 20%. And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. Profits equal revenue minus costs. Trends can change.

article thumbnail

Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

Below, you'll find a series of actionable tips, tricks, and strategies you can employ today to do exactly that! Alcoholic beverages average out around 20%. And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. Profits equal revenue minus costs. Trends can change.

article thumbnail

Restaurant Accounting: The Ultimate Guide

Xtra Chef

Whether you are an executive chef, a seasoned restaurant finance executive, or an owner/operator who manages your own books, speaking the language of restaurant accounting will help keep all financial stakeholders on the same page. In Part 2, we’ll help you decide how best to manage accounting at your restaurant. Tip Handling.