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

7 Shifts

FEBRUARY 12, 2021

You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. They could also be trying to get out of a bad situation—be it management, building, or market related. Have there been any major equipment repairs in the last six months to a year?

License 444

License Equipment Certification Information 444

Ken Burgin

FEBRUARY 15, 2022

The best way to manage this paradox is to have some supplier tips and tools up your sleeve – here are some suggestions. The primary source of tension between a hospitality business and a supplier is a difference in cash flow. The post How to Get a Better Deal from Food & Beverage Suppliers first appeared on Ken Burgin.

Beverage 68

Beverage Tip Distribution Seasonal Menu Food 68

Clover - Restaurants

MARCH 26, 2024

Thousands of food and beverage makers across the United States use cottage food laws to sell edible or potable items they’ve made in their own homes. Most commercial kitchens are large spaces with professional-level equipment, including commercial ovens, ranges, mixers, slicers, fridges, freezers, prep tables, and speed racks.

Food Truck 52

Food Truck Cash Management Website Management Small Business 52

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!). Thoroughly research restaurant costs (operational, labor, equipment, etc.)—both Manager, Mercato Italiano.

2020 335

2020 Hiring Cash Management Education 335

Modern Restaurant Management

JANUARY 8, 2024

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

2024 Loyalty Program Cash Management Customer Experience 212

Clover - Restaurants

APRIL 23, 2024

For instance, depending on how successful the restaurant has been, you’ll inherit a customer base, trained staff, and the equipment and space you need to hit the ground running. An existing restaurant also has an established cash flow, as well as a system in place for managing inventory, staffing, and running the kitchen.

Point of Sale 52

Point of Sale Cash Management Franchise Franchising 52

Restaurant365

APRIL 23, 2020

Your P&L is extremely valuable to manage your operations, budget, and future business growth. Before modern restaurant management technology, P&Ls required labor-intensive data tracking and analysis. Managing your balance sheet. Restaurant assets are what your restaurant owns, such as cooking equipment or inventory.

Cash Management 78

Cash Management Management Management Point of Sale 78

Modern Restaurant Management

SEPTEMBER 14, 2022

AI can assist restaurants in optimizing how they manage and operate menus to increase margins. But they have tons of cash to burn on such gimmicks, right? Inventory Management: Integrating inventory with your point of sale (POS) systems is an essential AI capability that every restaurant needs. Role of AI in Back of House.

Front of House 201

Front of House Mobile Ordering Loyalty Program Back of House 201

Open for Business

MARCH 1, 2023

A general manager might also wear a restaurant’s sommelier hat. Making these beverages takes more time and skill than a server or bartender has during a busy shift. They handle all the cash and credit card transactions that happen at the bar and, with help from barbacks, they need to keep the bar organized and clean.

Fast Casual 78

Fast Casual Cash Management Front of House Fine Dining 78

7 Shifts

FEBRUARY 12, 2021

You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. They could also be trying to get out of a bad situation—be it management, building, or market related. Have there been any major equipment repairs in the last six months to a year?

License 195

License Equipment Certification Information 195

Society Insurance

NOVEMBER 15, 2022

To expedite the process of wrapping up for the night, restaurant and bar owners can turn to a closing checklist that outlines tasks to be completed by front-of-house staff, back-of-house staff, and management. Taking inventory and reporting low-stock items to the chef or manager. Properly securing all cash in a drop safe.

Front of House 97

Front of House Food Safety Cash Management Back of House 97

Crunchtime

FEBRUARY 7, 2024

Historically, operators have relied on paper checklists and field management teams to roll out and enforce their standard restaurant operating procedures and as part of their retail operations management. Standard restaurant operating procedures help staff and leadership do their jobs better and ultimately, make customers happier.

Operations 78

Operations Audits Cash Management Food Safety 78

Restaurant365

JUNE 9, 2020

By generating a budget for your controllable costs , you can create a clearer path for your cash to move. Assessing this movement by ensuring that the budget is maintained and that invoices are entered daily will help you better manage your cash flow each month. Manage your cash flow. One of these costs is labor.

Cash Management 97

Cash Management Management Management Small Business 97

Aaron Allen & Associates

MARCH 3, 2022

There are so many things to think about — from inventory management to restaurant payment and billing and more — it can be difficult to keep track of it all. That’s where restaurant management software comes in. In this roundup, we will take a look at some of the best restaurant management software out there.

Management 120

Management Management Mobile Ordering Point of Sale 120

Goliath Consulting

JUNE 30, 2020

According to Restolabs, a restaurant management software that offers online ordering systems, continued social distancing measures are expected to bring about an upward trend of automation for customers (3). A growing demand for hands-free, no-touch equipment will result from the COVID-19 pandemic (7). Employee Health.

Kitchen Safety 139

Kitchen Safety Food Safety Front of House Back of House 139

Lavu

JANUARY 21, 2020

Every restaurant owner and manager needs to review this report on a daily basis to get a picture of how the restaurant is performing. The report provides valuable information on the restaurant’s sales, taxes, tips, discounts, credit card fees, refunds, comps, cash short or over, and more. Cash Flow Forecast (Weekly Report).

Cash Management 78

Cash Management Point of Sale Information Beverage 78

Clover - Restaurants

MAY 30, 2024

In the restaurant industry, expanding beyond dine-in sales can help your business survive economic downturns or unexpected situations, like broken kitchen equipment, employee turnover, or even a pandemic. You have a kitchen, the right equipment, and an experienced chef available. There’s no single best answer.

Merchandise 52

Merchandise Catering Kitchen Safety Inventory 52

Modern Restaurant Management

AUGUST 16, 2023

Many food and beverage establishments have seen success with technology — such as contactless options, automation to support changing workforces and innovative customer loyalty strategies — in their endeavors to meet the demand for safer and more convenient dining experiences. Gone are the days of cash-only transactions.

Loyalty Program 167

Loyalty Program Mobile Ordering Dietary Restrictions Point of Sale 167

SpotOn

MARCH 25, 2024

Here, we'll discuss what you must consider when looking at the construction costs, equipment costs, interior design costs, and licenses and permits. Equipment costs Like all your restaurant startup costs, kitchen equipment, and small wares are directly connected to the concept. That would be $62,500 per month in food sales.

License 52

License Insurance Point of Sale Equipment 52

Restaurant365

APRIL 15, 2021

This data indicates the state of your restaurant’s financial health, and it can even help you and your managers understand where you can start improving profitability. To provide even more insight, some P&Ls break down sales by menu categories or food and beverage costs. Prime Cost. Operating Expenses.

Point of Sale 78

Point of Sale Cash Management Beverage Insurance 78

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

Clover - Restaurants

MAY 3, 2024

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.

Kitchen Safety 52

Kitchen Safety Food Safety Food Food Supply 52

Modern Restaurant Management

MAY 21, 2020

For their safety and convenience, enable delivery and payment services that allow customers to pay without cash, as well as choose when and how their order should be delivered. Minimize the risk of contact between the customer and the cashier by installing a protective screen at cash registers. Offer Disposable Menus.

Social Media 197

Social Media Food Safety Cash Management Kitchen Safety 197

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. Spirit-based, ready-to-drink beverages will continue show vast white space, and bourbon should continue to thrive.

2023 193

2023 Loyalty Program Mobile Ordering Customer Experience 193

The Food Corridor

NOVEMBER 29, 2022

This may include a statement around being respectful and considerate of the equipment, kitchen space, kitchen property, and other clients in the kitchen. While pre-payment for monthly plans is a best practice for kitchen cash flow purposes, do what works best for your kitchen and clientele. Or should they email you with their requests?

Equipment 52

Equipment Food Supply Book Kitchen Safety 52

The Restaurant Times

OCTOBER 14, 2021

This article aims to let restaurateurs know about the equipment and supplies that are must-haves for a successful bar setup. . Alcoholic & Non-alcoholic Beverages. Creating appealing cocktails and mocktails for your bar requires a wide range of alcoholic and non-alcoholic beverages. Beverages And Beverage Tubs.

Bar 52

Bar Supplies Equipment Beverage 52

7 Shifts

NOVEMBER 17, 2022

Non-alcoholic beverages are increasingly common as many pursue sober lifestyles. The minimum expectation from patrons when going to a bar or cafe is a beverage and a place to sit. Recommended Reading: 7 Bar Inventory Building and Management Tactics for Restaurants. However, this is shifting. Sports games Drinking games.

Bar 195

Bar Sports Outdoor Brewery 195

Perfect Daily Grind

JANUARY 27, 2023

Mon, 23 Jan Australian beverage retailer BWS launches Double Shot drive-thru coffee shop in Devonport, Tasmania. The keynote speech delivered by Michael Opitz, Managing Director of Hanns R. Uganda Coffee Development Authority distributes wet processing equipment to 35 local farmers and co-operatives. billion (US $3.4

2023 112

2023 2022 Events Certification 112

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. Budget for Equipment Repair.

Point of Sale 78

Point of Sale Email Marketing Advertising Cash Management 78

Xtra Chef

DECEMBER 11, 2019

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. Inventory Management.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Modern Restaurant Management

DECEMBER 16, 2021

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their views on trends. With more options to work outside of the hospitality industry, operators must offer employees more scheduling flexibility, facilitate transparent communication between management and team members, and avoid overworking staff.

2022 177

2022 Food Supply Back of House Kitchen Safety 177

Perfect Daily Grind

SEPTEMBER 28, 2022

Producers need to see their farms as businesses , so they need to plan farm management similarly to any other business. Ultimately, without modern data collection methods, producers may not be able to track and review these variables – meaning a potential opportunity to manage or increase coffee quality is lost.

Supplies 136

Supplies Sustainability Cash Management Point of Sale 136

The Restaurant Times

JANUARY 31, 2022

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. Yes, you can enrol in restaurant management classes or attend culinary school. Learn 5 things to consider before going for restaurant consulting in this article. .

Cash Management 52

Cash Management Kitchen Safety Point of Sale Hiring 52

Restaurant365

JULY 29, 2021

Ultimately, managing your vendor relationships is an area of risk management. Understanding all the details you can about your current cash, loan, and grant status are essential as you look to make large-scale financing decisions. Some suppliers shifted their operations during the pandemic, and many even went out of business.

Cash Management 78

Cash Management Point of Sale Inventory 2021 78

Restaurant365

JUNE 26, 2020

With more than 30 years in the franchising business, C21 Group/BLCO Enterprises has grown into managing 29 KFC, Taco Bell and A&W franchise locations across Canada and parts of the U.S., She found that QuickBooks wasn’t able to track the age of equipment and how often repairs were happening. Background.

Franchise 148

Franchise Franchising Cash Management Demo 148

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. Use a budget system to ensure you are proactively managing your spending. Manage inventory levels. Inventory is expensive.

Inventory 78

Inventory Management Management Merchandise 78