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Steady Online Ordering Brings Food Waste, Donations to the Forefront of Priorities Ordering food online increases restaurant sales, but it also can potentially increase wasted food if proactive measures aren’t taken – for both the business and consumers at home.
” “The volatile policy environment and the supply-chain effect is causing the entire food-away-from-home ecosystem to determine the impact on their financials. .” A significant loss of undocumented labor could force both the cost of labor and food for restaurants considerably higher.
There is an opportunity for restaurants that can modernize in a way that meets the needs of the diner while simultaneously overcoming food, labor, and technological challenges to run more predictable and profitable businesses. It certainly isn’t an easy proposition – but a holistic approach to restaurant modernization is critical.
Every restaurant owner should know their food cost percentage—it’s one of the clearest indicators of whether your restaurant is running effectively or if you’re missing opportunities to optimize your business. Food cost percentage is the percentage of your total food sales that goes toward the cost of the ingredients used to make your dishes.
“I think knowing the information when you’re going into it would be wonderful,” he says. The report found operators are spending an average of 34 percent more on food costs compared to last year. Look for net-30 accounts with food, beverage, packaging and/or equipment vendors.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of dramatic Valentine's Day shift, best food scenes, and the evolution of c-store foodservice. As they grapple with rising costs across their supply chain, 71 percent of restaurants plan to increase prices this year.
Get more information on applying for a SBA disaster loan. There are many organizations helping connect people to free meals: World Central Kitchen , Feed the Streets LA , and Project Angel Food are just a few. For clothing, pet supplies, and other needs, fireaid.info provides a database of mutual aid initiatives across LA.
Strong demand from the EU and US markets has driven this growth, despite persistent logistical bottlenecks and global supply shortages. Rollout is scheduled to begin this summer, aiming to enhance the customer experience and increase food-to-go sales by year-end.
The quicker businesses can feed that information back into operations, the better, whether for personalized dining, staffing optimization, or advertising and marketing. – Rhonda Levene, CEO of Ziosk Chicken’s Timeless Comfort Food Appeal Chicken has become America’s ultimate comfort food.
Implement Proper Lifting Techniques Training for Restaurant Staff Restaurant staff frequently handle heavy items like ingredient boxes and beverage kegs. Informal check-ins to assess mental well-being and reduce employee burnout. These should cover: Basic food safety and food handling practices.
Mileage: Drive Off Some Taxes Delivering food or catering events? Employee Meals: Free Food, Free Savings Feeding staff on-site? Its 100% if part of food costs, non-taxable to them. Keep it separate or bundled with food costs. Charitable Donations: Give and Get Back Donating extra food? Keep it reasonable.
Bengaluru, India) Wed, 25 Jun – Conflict in the Middle East may disrupt coffee supply chains and raise costs, although ceasefire holds steady. The London-based chain experienced 28% year-on-year growth, driven by its 22 stores, wholesale operations, e-commerce, and office coffee supply, with the addition of 60 new corporate contracts.
How do you handle special dietary requests or food allergies? Use this interview question to explore the candidate’s familiarity with food service operations. Aside from providing the best dining experience, order-taking accuracy can help you avoid food waste and unnecessary costs. What restaurant tools have you used?
The restaurant business is a dynamic, fast-paced world where passion for food and hospitality often takes center stage. The restaurant industry’s rapid pace demands agility, and that agility stems directly from timely, accurate financial information. These reports are the foundation for informed decision-making.
In recent years, the food service industry has undergone a rapid transformation of automation and increased technology usage. Fast Food and QSR Value The United States Fast Food & Quick Service Restaurant Market size was valued at US$ 248.8 Growing menu innovation and healthy fast food further drive the growth of the market.
Running a successful restaurant isn’t just about great food and service—it’s also about smart financial management. You probably joined the industry to make delicious food to serve and create a great environment for your patrons. It includes all the cost incurred on food and beverage, payroll, taxes, and benefits).
Bubbakoo’s officials did not immediately respond to requests for more information. Premium Financing In the fast-food world, growth is coming from drinks and desserts The Bottom Line: The highest-growth quick-service chains cannot be found in traditional sectors but among coffee, beverage and dessert brands. Sign up here.
Managing food costs is a growing challenge for restaurants as ingredient prices fluctuate and margins shrink. With real-time data guiding inventory decisions, restaurants can take tighter control of their food costs and boost long-term profitability. Improves Compliance : Ensures proper storage and food safety standards.
Running a successful restaurant in 2025 means more than just great food—it requires smart financial decisions. Use these Calculations to Maximize Cost Reduction The food cost percentage is the number one calculation that restaurants can use today to maximize their cost reduction. Food cost control is crucial.
Restaurants and Food Service: Including fine dining, fast casual, QSRs, cafes, and catering. Detailed Inventory Control: Especially for restaurants, managing perishable inventory (food and beverage) requires meticulous tracking to minimize waste, control COGS margin , and ensure profitability.
Running a successful restaurant today requires more than great food and friendly service—it demands smart technology that drives efficiency. Reduces Food Waste: Tracks inventory in real-time, minimizing overstocking and shortages, saving up to 10% of annual revenue. Real-time inventory tracking is another key feature.
Running a successful restaurant in 2025 isnt just about serving great food and offering good serviceit also requires the right technology behind the scenes. With rising expenses in food, labor, and rent, keeping a close eye on your financials is more important than ever. With food and beverage costs up by 21.8%
OpenTable says the bot will save customers time and will help restaurants capture more bookings by providing needed information fast. And 27% have given up on a booking because they couldnt find the information they were looking for. OpenTable has been aggressive about integrating AI into its business.
Complex Tax Regulations: The industry faces specific tax considerations related to food and beverage sales, lodging taxes, and tip income, demanding expert knowledge for compliance. Inventory Control and Valuation: Implementing robust systems for tracking food, beverage, and other supplies to minimize waste and optimize ordering.
By providing accurate financial data, it ensures informed decision-making, helping establishments to operate more efficiently. It’s crucial to be fully informed about these obligations to keep a restaurant’s financial backbone strong and avoid penalties. Restaurants mainly deal with food and beverage inventory.
Beerline Cafe does not serve Thai food, but gets lumped in anyway for being vegan. Google is a main thoroughfare for restaurant discovery, with more than 60% of consumers using the search engine to get restaurant information, according to a PYMNTS study from 2023. All of this has obvious implications for restaurants. Abdow said.
It’s the invisible framework that supports informed decision-making, ensures regulatory compliance, and illuminates the path to sustained growth. A single percentage point difference in food costs or labor can be the difference between profit and loss. This provides a crucial insight into food and beverage costs relative to sales.
Meanwhile, according to consumers, here are some opportunities for restaurants: Packaging : 90 percent say they’d order a greater variety of items if the food maintained on-premises quality during delivery; over half would pay more for premium packaging that supported quality during transport. percent for Starbucks, 4.3
As accountants for hospitality, they help businesses navigate financial regulations, manage assets, and make informed investment decisions. Unlike general business accounting, restaurant bookkeeping services need to account for elements like fluctuating food costs, labor issues, and seasonality.
As economic pressures and fluctuating food costs persist, these technologies will be critical for maintaining profitability and ensuring long-term sustainability. Younger generations are increasingly favoring restaurants that prioritize sustainability… local sourcing, reducing food waste, energy efficient operations.
That would create the largest food distributor in the U.S. 11, 2025 Facebook Twitter LinkedIn US Foods may be trying to make a big move to buy PFG. Photo courtesy of US Foods. A potentially monumental combination of two food distributors is apparently on the table. US Foods, the third-largest distributor in the U.S.,
Social reckonings and politics and pandemics and recessions and all kinds of horrific real-world stuff have intersected with restaurants in a way that had to happen, but which has turned the act of eating food into pretty serious business. And that’s a good thing; food is serious business. Making your own pasta?
The move will make the 800-unit Bojangles one of the first fast-food chains to make EV charging widely available at its restaurants. The stations could also further blur the lines between fast-food chains and convenience stores that frequently feature gas. At least in theory, customers could charge their cars while having a meal.
Paperchase’s financial specialists in the restaurant and bar industry analyzed same store data across all restaurant sectors to detail the correlation between equity-market crashes and the food and beverage business. Restaurant owners have seen price increases on goods like equipment, construction, and beverage vendors.
The turmoil caused by the pandemic has disrupted global supply chains more than any other period in recent history. It has highlighted the critical importance of evolving supply chain systems to be more responsive and agile to the changing dynamics around us – which the past two years have been extensive.
These could include cocktails, food and beverage tastings, appetizers, main courses, desserts, event decor, and just about anything else you can think of. Virtual Meetings + Food or Swag. Announce your virtual events via email, social media, your website, and anywhere else you post information for customers and prospects.
The discussion included food, beverage, nutrition, lifestyle and unique aspects of boutique and high volume foodservice. Food trucks that bring food to patrons where they live and work has become a part of everyday life. Today’s restaurant guests are more knowledgeable and food savvy than ever before.
For example, if a fast-food restaurant is purchasing 16,000 chicken breasts per month for chicken sandwiches, but only reporting sales income equivalent to 8,000 chicken sandwich sales per month, that will be a red flag for the IRS that income underreporting may be an issue. This allows the auditor to verify the expenses.
Rebounding demand, supply chain issues, and labor shortages are mostly to blame for driving prices to an all-time high. Not only is your menu a key part of the customer experience but consider all major areas of restaurant operations, such as food cost, labor, marketing, accounting, and sales forecasts when making decisions about your menu.
For more information about eligibility, how much you can get, and what the money can be used for, read our previous post: What the American Rescue Plan Means for Your Restaurant. Set your alarms and make sure you're ready, as it's expected that the demand will outweigh the supply of funds. Food trucks, carts, or stands.
Lavu, the restaurant technology services company, estimates 42 percent of food purchases are made online. What’s more, consumers tend to spend extra on their food when ordering by themselves, either through kiosks or branded apps. Smart operators are finding ways to connect supply chain technology with front-of-house demand.
The fact is that customers who are uncomfortable and/or allergic to cleaning supplies, paints, insecticides, and other materials used in restaurants will not stay as long or spend as much money. So, how can restaurants address these air quality issues and get more customers through their doors each night? Is There ROI for These Measures?
In the past 12 months, more meals than ever were ordered via app or drive-thru, dramatically narrowing the medium of storytelling, and compressing the time and context in which you’ll decide just what food you’re in the mood for. Dig into the details of what your food is all about. Show less information, in bigger text.
Tastewise, an AI-powered food intelligence solution, launched in the UK. With real-time data into consumer behavior data, the solution offers immediate, location-specific food and beverage insights into an industry that is changing faster than ever before. BIBO Beverage Debuts. ” Tastewise Data. online recipes.
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