SpotOn

FEBRUARY 26, 2025

That could simply be food sales , alcohol , and non-alcoholic beverages. If you're a fast-casual place and only offer a couple of alcoholic beverages, then "alcohol" should be enough. Cost of Goods Sold (COGS) Your Cost of Goods Sold is the cost of your food and beverages. That may be too high. Occupancy costs.

License 90

License Point of Sale Insurance POS 90

Modern Restaurant Management

DECEMBER 31, 2024

Workers now place greater value on scheduling flexibility than on traditional benefits like paid time off and health insurance, with 46 percent ranking it as the most important benefit, compared to 44 percent for paid time off and 34 percent for health insurance.

Franchising 221

Franchising Franchise 2024 Mobile Ordering 221

Lavu

JUNE 6, 2025

Examples of fixed costs for a restaurant include rent, insurance, and equipment lease payments. Examples of variable costs for a restaurant include food and beverage costs, costs associated with labor, and utilities. On the other hand, variable costs are expenses that change with the level of production or sales.

Loyalty Program 78

Loyalty Program Waste Recycling Inventory 78

SpotOn

DECEMBER 30, 2024

Gross profit margin subtracts only the Cost of Goods Sold (COGS) to determine the profitability of your food and beverages, while net profit margin subtracts all your costs to determine the profitability of your entire operation. Your Cost of Goods Sold are your food and beverage costs along with the cost of any merchandise you sell.

Operations 52

Operations Loyalty Program Online Ordering POS 52

Lavu

JUNE 26, 2025

It includes all the cost incurred on food and beverage, payroll, taxes, and benefits). Occupancy Expenses: This refers to fixed costs like rent, property taxes, utilities, and property insurance. The gross sales are the total figure billed to customers in a day for food, beverages, alcohol and more. Use the appropriate tools.

2025 113

2025 Cash Management Point of Sale POS 113

Paper Chase Accountancy

JUNE 30, 2025

Particularly, they must juggle between maintaining an adequate cash flow, coping with the sporadic nature of the business, and dealing with high-risk factors such as liability insurance and staff turnover. Furthermore, insurance costs can skyrocket due to the increased risk of incidents at nightclubs.

Bar 82

Bar Cash Management Hotels Inventory 82

Perfect Daily Grind

JULY 4, 2025

Syrups and sauce now cost US 80 cents per pump for unflavoured drinks, matcha powder is US $1 per scoop, and dried fruit is US 50 cents per scoop, with no charge for additions to pre-flavoured beverages. Santo Antonio do Amparo, Brazil) Thu, 3 Jul – Colombia declares coffee national beverage.

Pricing 77

Pricing Café 2025 2024 77

SpotOn

OCTOBER 25, 2024

Whether bartending , working the front-of-house, or eventually getting into management and becoming Beverage Director, Don sees the hospitality industry clearly but doesn’t lose hope. ” As Beverage Director, Don became acquainted with the unwieldy world of restaurant costs. SpotOn is a better solution.”

Front of House 52

Front of House Back of House Coaching Beverage 52

Modern Restaurant Management

MAY 1, 2023

One study found that in 2016, the food and beverage industry accounted for ten percent of all data breaches. That's why it's essential for restaurants to consider cyber liability insurance. With cyber liability insurance, the costs of hiring attorneys and other legal expenses can be covered.

Insurance 508

Insurance Employee Relations Email Marketing Customer Experience 508

Modern Restaurant Management

MAY 25, 2021

As a compromise, tenants are agreeing to pay at least the maintenance, taxes and insurance with rent being prorated based upon the level of occupancy permitted by the government restriction. The effects of the pandemic are also bringing changes to the regulations governing food, beverage and alcohol sales to help the industry recover.

Hospitality 474

Hospitality Government Insurance Online Ordering 474

Modern Restaurant Management

JANUARY 2, 2024

– Justin Price, Vice President, Business Development, ScanSource POS & Payments Only when weather events subside will finding insurance carriers to write property insurance be easy. I am concerned that rising insurance costs may force some chains to exit the market. Golden Corral is one.

2024 493

2024 Food Safety Fast Casual Insurance 493

7 Shifts

JULY 12, 2024

Fixed costs Fixed costs are expenses that remain constant, including rent, insurance, and utilities. If transferring isn’t an option, you can try to reduce other fixed costs like insurance premiums. Avoid overordering and focus on essential items since you still need to determine which dishes and beverages are popular.

Food Truck 397

Food Truck Customer Service Seasonal Menu Loyalty Program 397

Modern Restaurant Management

DECEMBER 23, 2021

Ahead of New Year’s Eve celebrations, Society Insurance, which provides coverage to the hospitality industry, has put together the top four tips on how a restaurant can protect themselves, their patrons and their employees as well as create a safer environment on Dec. Obtain Liquor Liability Insurance. 31 and beyond.

Insurance 531

Insurance Restaurant Law Point of Sale Training 531

Modern Restaurant Management

JUNE 21, 2023

To ensure a healthy profit margin, a restaurant must manage five buckets, from the “Prime Cost” (food, beverage and labor costs) to “Overhead” (everything that is not food, beverage and labor) and Common Area Maintenance (building, taxes and insurance).

Menu 450

Menu Influencer Design Food Order 450

Modern Restaurant Management

NOVEMBER 13, 2020

Nair, a partner at Ervin Cohen & Jessup LLP compiles recent legal news affecting the restaurant, food and beverage and hospitality industries for Modern Restaurant Management (MRM) magazine. Voters in several states passed propositions that will affect the food and beverage industry. Election Results.

2020 474

2020 Restaurant Law Food Safety Food Order 474

Modern Restaurant Management

JULY 10, 2024

After a guest thief takes what they want, the restaurant must purchase replacements and eventually report the thefts to their insurance company, which in the long run will raise their premiums, creating another drag on profitability. And yet, the diner who walks out with your logo beer mug is damaging your restaurant’s bottom line.

Back of House 491

Back of House Fine Dining Take-out Social Media 491

7 Shifts

AUGUST 2, 2024

When hiring restaurant accountants, your primary consideration should be those who understand the complexity of the food and beverage industry—both front-of-the-house and back-of-the-house operations and management. This number is essential because it helps you determine the price of your food and beverages.

Point of Sale 397

Point of Sale Inventory Seasonal Menu Cash Management 397

Modern Restaurant Management

APRIL 29, 2021

This is due to the fact that guests ‘self-serve’ all of their beverages freeing the servers to focus on taking food orders and giving great customer service.” Provide great benefits, 401k, life insurance, etc. “This creates a very financially rewarding job helping us to retain our long-time family of employees.”

Fast Casual 553

Fast Casual Hiring Online Ordering Front of House 553

Modern Restaurant Management

MARCH 9, 2023

Society Insurance, which provides coverage to the hospitality industry, has put together four tips on how restaurants and bars can help create a safer environment on St. There are a variety of laws and regulations that could impact a business in relation to service of alcoholic beverages. Patrick’s Day and year-round.

Bar 450

Bar Insurance Restaurant Law Point of Sale 450

7 Shifts

AUGUST 7, 2024

The cost of food and beverages is a bit of a moving target. Food and beverages make up half of your prime costs (along with labor). Calculate your food cost percentage Determine what your food cost percentage target is by dividing your total food and beverage costs by your total revenue. divided by 0.30 = $9.16

Food 370

Food Seasonal Menu Inventory Pricing 370

Modern Restaurant Management

JULY 1, 2020

People who purchase hot dogs also had specific beverage preferences across alcoholic and non-alcoholic drinks. During the week of June 6-12, data from Sift , showed fraud rates in the food and beverage industry were up for a third week in a row. For those who would choose to travel, purchasing insurance is key. Fraud Rates Up.

2020 450

2020 Travel Food Safety Consumer Goods 450

Modern Restaurant Management

SEPTEMBER 6, 2022

Ahead of this year’s football season, the team at Society Insurance has put together the top four tips on how a restaurant and/or bar can protect themselves, their patrons and their employees as well as create a safer environment for football season and beyond. Obtain Liquor Liability Insurance. Eventually conflict can happen.

Bar 450

Bar Insurance Restaurant Law Point of Sale 450

Modern Restaurant Management

MARCH 16, 2020

will present a free webinar in conjunction with The Food and Beverage Shows titled, "Restaurant Preparation to Minimize COVID-19 Disease Risk and What You Need to Do Now." Global insurance brokerage Hub International , is responding tonumerous inquiries asking for more guidance through the Coronavirus crisis.

Food Safety 585

Food Safety Kitchen Safety Small Business Employee Relations 585

7 Shifts

JULY 5, 2024

Metric Description Calculation Example Revenue Total income from food, beverages, and other sources Helps identify which parts of your restaurant are most profitable Improves restaurant revenue management The sum of all sales for each product and income source $80,000 (Food Sales) + $30,000 (Beverage Sales) + $10,000 (Other Income) Monthly Revenue (..)

Cash Management 243

Cash Management Inventory Seasonal Menu Beverage 243

Modern Restaurant Management

AUGUST 5, 2020

The bites will also be served with the option of twelve different dips, along with regular or sweet potato Tyga Tots, chocolate chip cookies, and beverages. ” Ervin Cohen & Jessup Launches Food, Beverage and Hospitality Practice. Selvin (insurance and business interruption) and Elliot N. Minnow Secures Funding.

Food Safety 527

Food Safety Mobile Ordering Online Ordering Kitchen Safety 527

7 Shifts

AUGUST 18, 2024

Your restaurant is different so ensure you find your ideal food cost (discussed later) Labor cost : Roughly 30% of revenue including management salaries of 10% Insurance varies by provider and type. Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums.

License 370

License Equipment POS Food Supply 370

7 Shifts

OCTOBER 8, 2021

There are dozens of costs associated with running a restaurant, and many of them remain out of your direct control: rent, utilities, insurance—etc. Cost of goods sold is the raw material cost of your beverages and food, and labor cost is made up of payroll, employee benefits, taxes, and bonuses. Table of Contents. Labor and Payroll.

Seasonal Menu 195

Seasonal Menu Consumer Goods Food Supply Inventory 195

7 Shifts

MAY 23, 2024

This includes: Net Sales: The total revenue derived from your sale of food and beverages. You can also use this to keep track of other costs, such as insurance, license fees, repairs and maintenance, and the actual costs you incurred for a better and closer comparison.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Employee Relations 221

ChowNow

MARCH 26, 2021

Online orders for food and beverage grew an incredible 93 percent between 2019 and 2020. Forter notes that instances of fraud in food and beverage dropped by 55%, relative to overall sales. This means that GloriaFood doesn’t actually handle payments on your behalf, so they can’t assist with chargeback disputes or provide any insurance.

Operations 221

Operations Online Ordering Food Safety Mobile Ordering 221

Restaurant365

JANUARY 5, 2021

The Act also redefines payroll costs to specifically include group insurance payments made on group life, disability, vision and dental insurance. Enables PPP borrowers to include additional group insurance payments when calculating PPP payroll costs. PPP improvements relevant to restaurant businesses.

Insurance 148

Insurance Small Business Employee Relations 2021 148

The Restaurant Times

SEPTEMBER 19, 2021

Time has never been better to open your food truck, and the most critical business step is investing in insurance. However, if you don’t have the correct insurance, your food truck might cost you thousands of dollars or perhaps your business in jeopardy in time of a mishap. . Food Truck Insurance Cost . Kind of Insurance.

Food Truck 52

Food Truck Insurance Food Transportation 52

7 Shifts

MAY 1, 2024

For instance, you can record your food and beverage sales separately. Your aim is to keep your labor + food + beverage expenses at approximately 60% to 65% of the total sales. This includes the ingredients you use, labor, and other expenses that can be directly attributed to the production of food and beverages.

Cash Management 221

Cash Management Employee Relations Inventory Beverage 221

ChowNow

AUGUST 26, 2021

Online orders for food and beverage grew an incredible 93 percent between 2019 and 2020. Forter notes that instances of fraud in food and beverage dropped by 55%, relative to overall sales. This means that GloriaFood doesn’t actually handle payments on your behalf, so they can’t assist with chargeback disputes or provide any insurance.

Operations 195

Operations Online Ordering Food Safety Mobile Ordering 195

7 Shifts

MAY 2, 2023

How can we maybe in the food cost and in our beverage offerings and things like that make up a little bit so that we can offer both eliminating sub-minimum wage pay and also having more benefits across the board? I mean, they have access to all different kinds of insurance like health insurance, which we contribute to.

Front of House 195

Front of House Back of House Insurance Seasonal Menu 195

EATER

AUGUST 16, 2023

My career in the beverage industry had an extremely auspicious start. In January of 2020, I flew to Los Angeles to host a launch luncheon for a dozen key journalists and beverage professionals. In 2008 I began bartending at Please Don’t Tell. Meanwhile, online sales were modest, supported by a handful of high-profile media mentions.

Point of Sale 246

Point of Sale Front of House Back of House Online Ordering 246

Restaurant365

MAY 26, 2020

For a restaurant, this includes your food and beverage ingredients, as well as other supplies like napkins, coffee filters, etc. Your labor cost includes labor expenses such as wages for both salaried and hourly employees, payroll taxes, health or workers compensation insurance, and any benefits you offer. CoGS (Cost of Goods Sold).

Point of Sale 148

Point of Sale Employee Relations Inventory Insurance 148

Restaurant365

FEBRUARY 25, 2020

Cost of goods sold (CoGS) refers to the total cost of the inventory used to create food and beverage items during a specific period of time. For restaurant expenses, restaurant owners focus on three primary key metrics: Cost of Goods. Increasing your Restaurant Profit Margin.

Loyalty Program 183

Loyalty Program Point of Sale Fast Casual Online Ordering 183