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How to buy a restaurant

Clover - Restaurants

An existing restaurant also has an established cash flow, as well as a system in place for managing inventory, staffing, and running the kitchen. There’s no guarantee that employees will stick around for a change of management or if you start changing the operating model. Franchise or independent restaurant?

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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.

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Everything You Need To Know About the Increasing Role of AI in Restaurants

Modern Restaurant Management

AI can assist restaurants in optimizing how they manage and operate menus to increase margins. Just look at how brands will attract more customers; CallBurger franchise in Pasadena showcasing a burger-flipping robot named Flippy, or Dominos using drones to deliver pizzas in New Zealand. How can a smaller restaurants compete with that?

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Smooth Roll Out of Restaurant365 at BLCO’s 29 KFC, Taco Bell and A&W Locations Kicks Off Efficiency Gains

Restaurant365

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., Background. employing more than 700 people. Ballard also appreciates the fixed asset tracking in R365.

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MRM Research Roundup: 2022 Restaurant Trends

Modern Restaurant Management

The pandemic has permanently altered the consumer-restaurant relationship with operators investing in technology and real estate to align with changing consumer preferences, according to the 2021 Restaurant Franchise Pulse survey, conducted by TD Bank. " Restaurant real estate changes to align with consumer preference.

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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. To be added to this guide, reach out to Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Sign up here.

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How Restaurant Finance Teams Can Support Operations to Increase Profitability

Restaurant365

Sharing information between teams shouldn’t require time-consuming communication to ensure accurate reporting, cost management, and forecasts. For instance, reviewing your CoGS report daily allows managers to adjust purchasing and usage on a more frequent basis. Conclusion.