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 180

Menu Influencer Design Food Order 180

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

Modern Restaurant Management

MARCH 30, 2023

The FICA Tip credit (FICA stands for Federal Insurance Contributions Act) is a federal income tax credit that was enacted to offer financial relief to businesses in the food service industry that has employees who receive part of their wages through tips given by customers. Your employee's total wages exceed $5.15

2007 179

2007 Beverage Insurance Government 179

Modern Restaurant Management

JUNE 25, 2021

Society Insurance has compiled a list of best practices for bars, restaurants, and other food-and-beverage-service establishments to help ensure their business is protected from hail storms and other natural disasters. Research Insurance Coverage. Inspect Your Roof to Prevent Indoor Storm Damage.

Insurance 173

Insurance Small Business Outdoor 2019 173

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 190

Hospitality Insurance Government Online Ordering 190

7 Shifts

JANUARY 10, 2024

They also receive most of the service charge from beverage sales. There are advantages and disadvantages to using each method: Pros Cons Service Charge Guaranteed percentage for every cover More control over how money is used for staff (e.g., What is the wage structure now? Can customers still leave tips? How did staff initially react?

FOH 221

FOH Front of House Customer Service Back of House 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

Society Insurance

NOVEMBER 15, 2022

To learn more about the risks facing your bar or restaurant, and insurance tailored to your business’ specific needs, contact your local Society Insurance agent today. The post How a Restaurant Closing Checklist Benefits Your Business appeared first on Society Insurance.

Front of House 97

Front of House Food Safety Cash Management Back of House 97

7 Shifts

JANUARY 10, 2024

They also receive most of the service charge from beverage sales. There are advantages and disadvantages to using each method: Pros Cons Service Charge Guaranteed percentage for every cover More control over how money is used for staff (e.g., What is the wage structure now? Can customers still leave tips? How did staff initially react?

FOH 195

FOH Front of House Customer Service Back of House 195

Modern Restaurant Management

AUGUST 31, 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. Litigation. Legislation. The current recommendation is for two drinks per day for men, and one drink per day for women.

2020 164

2020 Restaurant Law Agriculture Compost 164

Modern Restaurant Management

JUNE 22, 2020

Even as thousands of restaurant owners deal with the business disruptions caused by Covid-19 and the subsequent business interruption claims being filed with their insurers, they now also face a host of new potential exposures for which there are no easy, clear-cut answers. Customers one day will once again crowd their favorite restaurants.

Insurance 145

Insurance Delivery Bar Beverage 145

The Restaurant Times

OCTOBER 30, 2021

This is a license meant for the people selling alcoholic beverages on their premises. Restaurant Insurance. Besides the licenses, you also need to insure your restaurant. These insurances are not licenses per se but are mandatory to cover legal and compensation costs in cases of mishaps. Source: Old Town La Quinta.

License 52

License Insurance Certification Restaurant Law 52

The Restaurant Times

JANUARY 23, 2022

Hot & cold beverage station . Get Insured. Business insurance will protect your catering company from getting sued if some mishap occurs. Buy as many types of insurance as you need to protect your assets and shield your business and employers from getting sued. General insurance . Unemployment insurance .

Catering 75

Catering License Insurance Food Supply 75

Cheetah

MAY 17, 2021

billion dollar COVID-19 RRF to small food and beverage businesses. All food & beverage businesses for whom at least one third of their income is from onsite sales are eligible to apply. In the case of the Restaurant Revitalization Fund, this means offering management tools and allocating financial support from the $28.6

Webinar 143

Webinar Point of Sale Food Truck Government 143

Ken Burgin

JULY 5, 2022

Every week in the Hospo Reset Newsletter, we share a product or service that’s caught our eye – for kitchen & beverage management, staffing, facilities management, marketing and overall productivity. Coffee and Beverage Management. Useful for insurance claims and recording errors.

Kitchen Safety 78

Kitchen Safety Food Safety Website Management Online Ordering 78

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 Waste 148

Society Insurance

OCTOBER 12, 2022

Obtaining the appropriate permits and updating your insurance coverage is crucial for your business’ protection. Protect Your Restaurant With Society Insurance. To get started, contact your local municipality, and give your local insurance agent a call to make sure your business is properly protected.

Insurance 52

Insurance Outdoor Kitchen Safety Dine-in 52

The Restaurant Times

DECEMBER 22, 2021

Insure Your Restaurant And Get Familiar With The Taxes . If you insure your restaurant from the beginning, it will help protect you against unforeseeable circumstances, like fires, damage to the restaurant, employee injuries, and customer lawsuits. Insurances required by the state are: . Insurances required by the state are: .

Insurance 52

Insurance License Point of Sale Employee Relations 52

Society Insurance

JANUARY 11, 2023

For more information on our restaurant or bar insurance, contact your local Society agent ! The post A Guide to Safe Keg Handling appeared first on Society Insurance. By following the above instructions and practicing proper lifting techniques, you’re taking the proper precautions in preventing workplace injury.

Insurance 98

Insurance Equipment Transportation Bar 98

Sling

AUGUST 17, 2020

According to the IRS, a driver is a statutory employee if they distribute meat products, vegetable products, fruit products, bakery products, or beverages (other than milk) or pick up or deliver laundry or dry-cleaning for a specific business. Insurance Salesperson. Statutory Employee Examples. Home Worker. A home worker (a.k.a.

Definition 78

Definition Management Management Tip Distribution 78

MBB Hospitality

APRIL 14, 2023

This includes your day-to- day operations, setting policies for customer service, ordering procedures for food and beverages, and staff requirements needed for various shifts. Securing Permits and Insurance If you want to know how to start a small restaurant, you’ll want to be aware of the paperwork that is involved.

License 52

License Food Supply Insurance Small Business 52

Food Business

SEPTEMBER 12, 2017

Here is the formula: FOOD COSTS + BEVERAGE COST + SALARIES & WAGES + PAYROLL TAXES & BENEFITS Here's how: actual cost of goods sold start with your beginning inventory, add to it your total purchase for that period (in this example, let’s say one month), then subtract your ending inventory. This is where most restaurants stop.

Brewery 100

Brewery Inventory Insurance Beverage 100

Restaurant365

OCTOBER 22, 2021

Typically, your total labor cost accounts for “fully burdened labor”, which includes your hourly and salaried wages, payroll taxes, benefits like health insurance or vacation days, bonuses, overtime, and more. For our hypothetical example, suppose that your restaurant has a total labor cost of $10,000 for a specific period.

Point of Sale 78

Point of Sale Insurance Inventory Cash Management 78

Restaurant365

NOVEMBER 30, 2021

The ACA requires employers to offer full-time employees compliant health insurance coverage and document this offer for the IRS. Employers with 50 or more full-time employees, as well as self-insured employers, are required to offer these benefits. Staying compliant with the ACA requires robust recordkeeping for employers in general.

Restaurant Law 146

Restaurant Law Audits Point of Sale Insurance 146

Restaurant365

SEPTEMBER 23, 2021

Revenue: all sales for food and beverage, plus any other revenue-generating activities like events. A chart of accounts as part of a restaurant-specific accounting system enables you to record and track food and beverage purchases in detailed accounts (e.g., Expenses: food costs, bar costs, and any marketing or equipment costs.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Restaurant365

FEBRUARY 19, 2020

Non-controllable costs, like the fixed costs of rent, insurance, and salaries, are predictable expenses. Foundational restaurant costs can be divided into: Cost of Goods Sold (CoGS): also known as food cost, the total cost of all food and beverage ingredients your restaurant used during a specific period of time.

Point of Sale 120

Point of Sale Cash Management Inventory Consumer Goods 120

EATER

JULY 14, 2022

Inside the sealed cans are wads of Saran-wrapped cash that amount to over 300,000 dollars, a ragtag failsafe system that was set up by Mikey — owner Carmy’s dead brother — to insure that the restaurant would stay afloat financially once Carmy took over. To open them, Kissling wrote, “the metal is cut so it cannot be resealed.”.

White Paper 112

White Paper Cash Management Back of House Insurance 112

Restaurant365

DECEMBER 17, 2019

Recurring restaurant costs would include costs like lease or mortgage payments, employee salaries, food and beverage costs, utilities, insurance and permits. Fixed costs such as insurance, rent, and loan payments do not fluctuate month to month. These recurring costs can be broken down further by category.

Point of Sale 120

Point of Sale License Insurance Employee Relations 120

Restaurant365

MARCH 31, 2020

The Beverage and Food Employee Crisis Support Fund – Financial support provided for all restaurant employees who have been directly affected by this pandemic. Disability Insurance (DI) Claim – Guidelines on short-term disability if an employee was exposed to COVID-19 and a medical professional documents that the employee cannot work.

Insurance 113

Insurance Document Hospitality Information 113

Restaurant365

OCTOBER 15, 2021

Your restaurant labor cost includes everything your restaurant spends on labor, from salaries and hourly wages to payroll taxes, bonuses, and benefits like health insurance or vacation days. Total labor cost. Here are a few helpful labor cost terms, along with how they are related to your total labor cost.

Management 148

Management Management Point of Sale Employee Relations 148

The Rail

NOVEMBER 11, 2022

There’s a variety of ways to divide the shares and responsibilities, but be sure the collaborator has the necessary permits and insurance before proceeding. Collaborating offers patrons something new and exciting and can get new people in who enjoy the collaborator's offerings.

Social Media 105

Social Media Events Online Ordering Consumer Goods 105

Restaurant365

OCTOBER 23, 2019

Cost of Goods Sold (COGS) is the combined costs of food and beverage ingredients that were sold at your restaurant over a certain period of time. Labor costs include the total wages your employees have earned during that specific period of time, payroll taxes, benefits, and insurance. What to Include In Your Prime Cost Formula.

Point of Sale 74

Point of Sale Inventory Employee Relations Insurance 74

Harbor Touch

APRIL 17, 2018

Beverages, like bottled water, soda, beer, wine, liquor, milk, juice, Kitchen appliances, pots, pans, ovens, microwaves, toasters, blenders, dishwashing machines, platters, soap. Property insurance, liability insurance, and other policies designed to protect your physical restaurant location(s), employees, and customers.

Employee Relations 97

Employee Relations Insurance Point of Sale Cash Management 97

Restaurant365

MARCH 18, 2020

Common fixed costs include: Rent, insurance, and property tax. Common variable costs include: Food and beverage costs. Your total fixed costs are your expenses that have to be paid, no matter what your sales. These costs don’t fluctuate from month to month. Phone and internet. Marketing and advertising costs. Labor costs.

Point of Sale 158

Point of Sale Delivery License Inventory 158

Cheetah

OCTOBER 11, 2021

Where alcohol is concerned, a statewide bill amendment , enrolled on 7 September, allows restaurants and bars to renew their licenses for serving alcoholic beverages for on-site consumption in parklets. The ABC instructions outline who is eligible and how to submit the license request form and the $100 fee.

Outdoor 148

Outdoor License Food Safety 2024 148

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 88

Operations Online Ordering Food Safety Mobile Ordering 88

Rocket Fuel

JULY 8, 2022

Rent, taxes, and insurance are all non-optional, non-flexible costs (also known as fixed costs) that you can’t really reduce – at least quickly. Cost of goods sold: The combined cost of your food, beverages, napkins, cups, etc., Fixed Costs: All of your fees, taxes, insurance, rent, contract services, marketing, etc.,

Point of Sale 52

Point of Sale Insurance Uniforms Food Supply 52