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TWENTY COMMON MISTAKES INDEPENDENT RESTAURATEURS MAKE

Culinary Cues

Well, you have all heard the statistics about success and failure when food and beverage are involved, so I won’t repeat them. Again, turn to the National Restaurant Association for guidance. [] PRICING YOUR MENU BY COMPARISON. Every business requires controls in pricing, consistency, quality, and cash handling.

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Seven Restaurant Trends That Will Define 2022

Modern Restaurant Management

This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. Restaurants will also explore delivery options beyond costly third-party partnerships, and hike delivery menu prices to make the channel more lucrative as off-premise demand holds steady.

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How to Buy a Restaurant: An Ultimate Guide

7 Shifts

According to recent data from the National Restaurant Association, restaurants overall sell for a median price of $150,000. The average price sits around half a million dollars, according to data from Restaurants for Sale. However, restaurant prices vary widely, based on region, location and type.

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The Complete Guide to Creating a Winning Restaurant Newsletter (+Real Examples)

7 Shifts

Consumer-facing industries like food & beverage see more short-term purchases based on emotional triggers—which means maintaining a healthy bottom line becomes a challenge without a dedicated customer base. Don't let your customers leave your website without offering value. One way to keep customers coming back?

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Restaurant Gift Cards: The Gift that Keeps on Giving

Xtra Chef

They’re a great way to boost cash flow, while beefing up your customer base and encouraging repeat visits (a win-win-win, right?). When a gift card is redeemed, customers generally still pay full price for your food and drinks. . Immediate Cash Flow. ‘Tis the season of gift giving. Non-perishable Product. POS Capabilities.

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PPP Part Two and More Restaurants Need to Know Now

Modern Restaurant Management

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. Best practices for calculating cash flow. To view all of the available resources or connect with a US Foods expert, visit the company’s website here.

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MRM Research Roundup: 2022 Restaurant Trends

Modern Restaurant Management

. “Online and mobile ordering was a lifeline to restaurants shut-down in the pandemic and continues to provide steady revenue,” said Simon de Montfort Walker, senior vice president and general manager at Oracle Food and Beverage. 46 percent would love to manage their dietary preferences with their favorite establishments.

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