SpotOn

MARCH 25, 2024

Licenses and permits  Every restaurant business has a lengthy list of licenses and insurance needed to open, serve your guests, and protect your business. Ask any owner what it was like opening their first restaurant, and they'll say it was one of the most challenging accomplishments of their career. Let's get into it.

License 52

License Insurance Point of Sale Equipment 52

7 Shifts

JANUARY 10, 2024

Twenty minutes east of the White House, in D.C.’s s Union Market District, sits the modern Mexican restaurant Destino. It’s awkward because people are often unsure of the ‘right’ amount to tip, so tip amounts vary from person to person. Restaurant workers, who rely on tips to supplement their income, are torn on the subject.

FOH 222

FOH Front of House Customer Service Back of House 222

7 Shifts

JANUARY 10, 2024

Twenty minutes east of the White House, in D.C.’s s Union Market District, sits the modern Mexican restaurant Destino. It’s awkward because people are often unsure of the ‘right’ amount to tip, so tip amounts vary from person to person. Restaurant workers, who rely on tips to supplement their income, are torn on the subject.

FOH 195

FOH Front of House Customer Service Back of House 195

Restaurant365

MAY 26, 2020

If your restaurant is emerging from survival mode to a break-even point or even slight profitability, it is important to reevaluate and tune up the largest expense for your restaurant: your restaurant prime cost. For a restaurant, this includes your food and beverage ingredients, as well as other supplies like napkins, coffee filters, etc.

Point of Sale 148

Point of Sale Employee Relations Inventory Waste 148

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. We know that government paperwork isn’t everyone’s cup-of-tea. Who Manages the Restaurant Revitalization Fund? The minimum award is $1,000.

Webinar 143

Webinar Point of Sale Food Truck Small Business 143

Restaurant365

OCTOBER 22, 2021

There are many restaurant data points that can help you see beyond the buzz of the day-to-day of a restaurant and get a glimpse at the health of your business. For any specific period, you can calculate your total labor cost with the following formula: Employee Wages + Payroll Taxes + Benefits + Insurance = Total Labor Cost.

Point of Sale 78

Point of Sale Insurance Inventory Cash Management 78

Restaurant365

OCTOBER 15, 2021

Because sales and labor needs can change by the hour, day, week, and month, it can be difficult to control your labor budget over time. 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.

Management 148

Management Management Point of Sale Employee Relations 148

Restaurant365

FEBRUARY 25, 2020

In addition, it’s important to remember that while your profit may be in dollars, your profit margin is your profit expressed as a percentage of sales. While profit margin may be a widely known metric, it can be difficult to fully understand everything that affects the calculation. Net Profit Margin. Full-Service Restaurants.

Loyalty Program 183

Loyalty Program Fast Casual Point of Sale Online Ordering 183

Restaurant365

SEPTEMBER 23, 2021

For instance, since restaurants primarily sell food and drink, inventory turns over at a very frequent rate, and sales are made up of a high number of transactions. Between inventory, sales, and other data points like labor, restaurants generate an enormous amount of data. What specific issues do restaurants face in accounting?

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Restaurant365

MARCH 18, 2020

Especially in uncertain times, an important factor in decisions about how to operate your restaurant is your break-even point. Essentially, your break-even point is what sales you need for a certain period of time to not lose money, or “break even.” How to Determine If You Should Trim Menu Offerings.

Point of Sale 158

Point of Sale Delivery License Inventory 158

Restaurant365

AUGUST 19, 2021

Your overall profit margin depends on your sales relative to expenses. And while it is critical to focus on increasing your sales, one of the most important parts of accounting basics is starting with accurate recording of your expenses. Occupancy expenses (fixed costs such as rent, property taxes, and property insurance).

Inventory 147

Inventory Management Management Employee Relations 147

Restaurant365

NOVEMBER 30, 2021

For many restaurants, the weekend provides significantly higher sales levels than a weekday. The ACA requires employers to offer full-time employees compliant health insurance coverage and document this offer for the IRS. Your payroll solution can impact hiring, onboarding, employee payments, taxes, and overall business health.

Restaurant Law 146

Restaurant Law Audits Point of Sale Insurance 146

Modern Restaurant Management

APRIL 29, 2021

While staffing has always topped the list of restaurant owner/manager pain points, it now seems to be at crisis proportions. March restaurant sale surged 36 percent year-over-year and nearly reached 2019 levels. And the situation isn’t likely to improve soon as more competition in the battle for talent is anticipated.

Fast Casual 219

Fast Casual Hiring Front of House Online Ordering 219

Clover - Restaurants

MARCH 26, 2024

Thousands of food and beverage makers across the United States use cottage food laws to sell edible or potable items they’ve made in their own homes. But it’s tricky: The laws vary by state and can even vary by county or city. Many areas restrict cottage wares to a certain quantity of canned or baked goods (think pickles, jams, and cookies).

Food Truck 52

Food Truck Cash Management Website Management Small Business 52

Restaurant365

APRIL 15, 2021

With detailed numbers about your total costs and total sales breakdowns, a P&L provides actionable insight into the strengths and weaknesses of your business. A restaurant profit and loss statement can seem confusing at first, but essentially, it tracks four key categories: sales, prime cost, operating expenses, and net income.

Point of Sale 78

Point of Sale Cash Management Beverage Insurance 78

Perfect Daily Grind

NOVEMBER 18, 2022

points at 2022 Cup of Excellence Brazil. New members include SCA Italy National Coordinator, Davide Cobelli, Sales Executive at Mercon, Emily Smith, Business Executive at Single Origin Coffee Supplies, Tonny Butera, co-founder of Sightseer Coffee, Sara Gibson, and Managing Director at She’s The Roaster, Baylee Engberg. Tue, 15 Nov.

2022 122

2022 Franchise Franchising Point of Sale 122

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. Here’s the list so far, and it’s updated every month. Helpful people.

Kitchen Safety 78

Kitchen Safety Food Safety Website Management Online Ordering 78

BNG Point of Sale

SEPTEMBER 7, 2021

Sales per square foot are one option. To calculate sales per square foot, divide annual sales by total interior square footage including kitchen, dining, and storage space to get a net rentable foot in the leased location. . Licenses, permits, and insurance are also needed. . Bar Revenue per Square Foot .

Bar 52

Bar Point of Sale Retail 2013 52

Restaurant365

APRIL 19, 2022

Your total restaurant labor cost includes all expenses related to labor, from salaries and hourly wages to payroll taxes, bonuses, overtime, worker’s compensation, and benefits such as health insurance. On average, most restaurant businesses target a labor cost percentage between 25-35% of sales. What is a good labor cost percentage?

Point of Sale 78

Point of Sale FOH Front of House Back of House 78

Restaurant365

FEBRUARY 19, 2020

Non-controllable costs, like the fixed costs of rent, insurance, and salaries, are predictable expenses. Controllable costs, like your prime cost of food and labor, fluctuate over time with vendor prices, sales, and other external factors. Occupancy expenses: fixed costs like rent, property taxes, and insurance.

Point of Sale 120

Point of Sale Cash Management Inventory Consumer Goods 120

The Restaurant Times

DECEMBER 22, 2021

It is home to an eclectic mix of people and might be a good starting point for your business. New York, a city that never sleeps, is a key metropolis of the USA. With diners flocking back to restaurants in the new normal, several restaurants have had to expand their capacity and hire new employees. Tips To Start A Restaurant In New York.

Insurance 52

Insurance License Point of Sale Employee Relations 52

Restaurant365

NOVEMBER 18, 2021

You receive time in your Point of Sale (POS) system. Your fully burdened labor cost represents the labor costs of both your hourly and salaried employees, as well as related expenses such as payroll taxes, employee insurance, and employee benefits. However, tracking your labor cost is a bit more complicated.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

Restaurant365

DECEMBER 17, 2019

Instead, gradual sales growth will help your business gain traction and develop a solid foundation. Recurring restaurant costs would include costs like lease or mortgage payments, employee salaries, food and beverage costs, utilities, insurance and permits. Costs of Opening and Running a Restaurant. Restaurant Food Costs.

Point of Sale 120

Point of Sale License Insurance Employee Relations 120

Modern Restaurant Management

AUGUST 16, 2021

This edition of MRM Research Roundup features the latest facts and figures of restaurant operations, the state of business dining, and the mid-year gift card report. The State of the Restaurant Industry. foodservice industry. Quick service restaurants (QSRs), representing 81 percent of restaurant visits in the U.S., “The U.S.

2021 178

2021 Guest Recovery 2019 Loyalty Program 178

BNG Point of Sale

AUGUST 19, 2021

Having one is crucial because restaurant profit margins are typically low, which means keeping a tight track of sales and expenses is integral to maintaining a healthy profit. . Sales Breakdown: Here you list all items you sell and how much money each item has brought for a given time period.

Cash Management 52

Cash Management Point of Sale Inventory Food Truck 52

Restaurant365

OCTOBER 23, 2019

While many restaurant owners focus on increasing total sales, in order to add to your bottom line, you also need to focus on decreasing costs. 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. What to Include In Your Prime Cost Formula.

Point of Sale 74

Point of Sale Inventory Employee Relations Insurance 74

EATER

AUGUST 16, 2023

After launching and then closing Proteau just three years after it hit the market, John deBary has come to realize that sales aren’t the only way to measure success Recently I’ve been thinking a lot about failure. My career in the beverage industry had an extremely auspicious start. In 2017 I was at an inflection point in my career.

Point of Sale 91

Point of Sale Front of House Back of House Online Ordering 91

Restaurant365

MAY 14, 2021

With P&L data in hand, you can create better budgets, make decisions about labor or food, or spot big trends in your sales. From ordering new inventory to having a bump in sales after an extra busy Saturday night, every transaction that happens in your restaurant changes the balance of at least two accounts. Chart of Accounts.

Management 78

Management Management Point of Sale Inventory 78

Restaurant365

OCTOBER 1, 2021

It can be calculated with the following formula: Gross Profit = Total Sales – CoGS. Your gross profit margin is expressed as a percentage, which you can use to understand how much of every dollar you make goes to your profit margin: Gross Profit Margin = (Gross Profit ÷ Total Sales) x 100. Why restaurant profit margins are low.

Point of Sale 78

Point of Sale Food Truck Inventory Loyalty Program 78

Harbor Touch

APRIL 17, 2018

Sales Tax Requirements. The city and state where you operate your restaurant could have different sales tax requirements, and if you own multiple locations, it is even more important to be up to date on the different requirements. Employee Meals. It can be included in the cost of food or recorded separately. Keep Proper Records.

Employee Relations 97

Employee Relations Insurance Point of Sale Cash Management 97

BNG Point of Sale

JULY 22, 2021

Labor Costs are all other costs including salaries, cleaning costs, insurance, and payroll taxes. . Gross Profit Margin is the difference between the total sales minus the CoGS. . Total sales (revenue) – CoGS = Gross Profit Margin . Total sales (revenue) – CoGS = Gross Profit Margin . Healthy Bar Profit .

Bar 52

Bar Point of Sale Inventory Pricing 52

BNG Point of Sale

JULY 22, 2021

Labor Costs are all other costs including salaries, cleaning costs, insurance, and payroll taxes. . Gross Profit Margin is the difference between the total sales minus the CoGS. . Total sales (revenue) – CoGS = Gross Profit Margin . Total sales (revenue) – CoGS = Gross Profit Margin . Healthy Bar Profit .

Point of Sale 52

Point of Sale Inventory Bar Pricing 52

Restaurant365

AUGUST 19, 2020

Successful restaurant owners and operators don’t just provide great food. For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees. The people piece of the puzzle can be challenging for restaurants. Human resources and payroll overview. varying wage and tip income regulations.

Restaurant Law 131

Restaurant Law Recruiting Employee Relations Food Safety 131

BNG Point of Sale

AUGUST 27, 2021

Therefore, you must learn how to develop a more resilient restaurant business just like the other types of restaurants who are finding new ways to ensure decreasing costs and an increase in sales. . For example, let’s say John Doe Bar’s total sales from July to September 2020 were $1.25 Average Gross Profit for Restaurants .

Point of Sale 52

Point of Sale Social Media Customer Service Online Ordering 52

Rocket Fuel

JULY 8, 2022

To increase revenue, your primary focus is going to be on improving sales. 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. Sales: More is always better. Many brands aim for a 4% year-over-year increase in sales.

Point of Sale 52

Point of Sale Insurance Uniforms Food Supply 52

BNG Point of Sale

AUGUST 12, 2021

Since your pay will come from the money left over after sales and overhead, be sure to calculate using your net profits and not gross profits. . Making a Restaurant Career Profitable . Choosing restaurant ownership as a future career path can be one of the most fulfilling choices in life. Still, this career choice takes careful planning.

Franchise 52

Franchise Franchising Point of Sale Food Truck 52

Restaurant365

OCTOBER 14, 2020

Inaccurate numbers can, at best, point you in the wrong direction, and at worst, lead to unsound financial decisions. When creating a restaurant budget, there are four main areas to consider: Track Your Restaurant Sales. Your restaurant sales, or income, are one of the biggest factors in your budget. Collect data.

Point of Sale 78

Point of Sale Email Marketing Cash Management Advertising 78