Embrace the Suck

APRIL 26, 2020

Your sales or guest count for the day are great examples of lagging KPIs: they’ve happened and can’t be changed. By knowing the GCA today, you can train your team to increase sales and thus have an impact on the lagging KPI of sales for that day. What the Hell is a KPI? Why Do You Need to Track Them?

Cash Management 435

Cash Management Point of Sale Inventory Bar 435

7 Shifts

SEPTEMBER 14, 2020

Ultimately, The Human Bean decided to partner with 7shifts – and has seen booming sales, controlled labor cost percentages, and a measurably more efficient scheduling process across their corporate-owned locations ever since.

Management 195

Management Management Point of Sale Franchise 195

Modern Restaurant Management

MAY 6, 2021

The RRF will provide tax-free grants for food and beverage venues that lost revenues in 2020. For some business types, at least 33 percent of 2019 gross receipts must have comprised on-site sales to the public. Business food and beverage expenses. equipment, accounting, training, legal, marketing). Rent payments.

Document 197

Document Point of Sale Food Truck 2019 197

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 total labor cost is a dollar figure that may shift over time as sales fluctuate (we’ll discuss calculating this labor cost as a percentage below). Salaried Employees.

Management 148

Management Management Point of Sale Employee Relations 148

Lavu

NOVEMBER 17, 2023

Profit margin is a key metric, especially pivotal in restaurant sales, that calculates the percentage of revenue left as profit after covering expenses. This, in turn, can significantly increase your sales and enhance profit margins, pointing towards areas of strength and potential areas for improvement.

Fast Casual 123

Fast Casual Fine Dining Food Truck Loyalty Program 123

Modern Restaurant Management

MAY 19, 2022

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. Neck and neck with the labor shortage, inflation has recently become a huge issue that operators are forced to combat.

Waste 187

Waste Food Supply Point of Sale Inventory 187

Restaurant365

MAY 17, 2022

Tight integration between your r estaurant inventory management software , point of sale (POS) system and restaurant accounting software is essential for executing key restaurant tasks that help control your food costs. Why a POS system is not suitable for inventory management. The POS system doesn’t do analysis.

Inventory 78

Inventory Management Management Food 78

Modern Restaurant Management

JANUARY 8, 2024

Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour. To tackle this pressing issue effectively, businesses must invest in staff training and development, vital for retaining and upskilling their existing workforce.

2024 215

2024 Loyalty Program Cash Management Customer Experience 215

7 Shifts

SEPTEMBER 15, 2021

Suggestive selling is a sales tactic that encourages guests to order something that is different from what they had planned to order or usually order in an effort to increase the check size and make their experience better. There is a way, to both grow profits and upgrade your customer experience at the same time: suggestive selling.

Loyalty Program 195

Loyalty Program Customer Experience Customer Service Point of Sale 195

Lavu

FEBRUARY 2, 2024

Install a POS System for Restaurant Food Waste Management Implementing a Point of Sale (POS) system in your restaurant is not just a technological upgrade; it’s a strategic move toward reducing waste and managing resources more efficiently. billion tons of food are wasted annually across the globe.

Waste 78

Waste Food Compost Audits 78

Clover - Restaurants

APRIL 23, 2024

For instance, depending on how successful the restaurant has been, you’ll inherit a customer base, trained staff, and the equipment and space you need to hit the ground running. Ideally, the restaurant you purchase also comes with a team of trained employees. Why is the restaurant being sold, to begin with?

Point of Sale 52

Point of Sale Cash Management Franchise Franchising 52

Restaurant365

JANUARY 4, 2022

Integrate restaurant inventory management with your POS system. To ensure efficiency, a restaurant inventory management system that is fully integrated with your point of sale (POS) system can streamline and automate as much of the inventory process as possible. from a year ago. Food-grade oak flakes – 61%.

Inventory 148

Inventory Pricing Management Management 148

Modern Restaurant Management

SEPTEMBER 14, 2022

However, trained chefs don’t need to worry about losing their jobs to a restaurant AI yet, but we cannot dismiss this scenario entirely either. You are sitting in your favorite restaurant and have placed an order on a tablet at your table. After a few seconds of placing the order, a notification appears on your messaging app.

Front of House 211

Front of House Mobile Ordering Loyalty Program Back of House 211

Restaurant365

APRIL 19, 2022

Calculating your restaurant labor cost and sales for a specific period indicates how your employee labor hours are matching with customer demand. Use the following restaurant labor cost formula to determine your labor cost percentage: Total Labor Cost ÷Total Sales = Labor cost as a percentage of total sales.

Point of Sale 78

Point of Sale FOH Front of House Back of House 78

Restaurant365

MARCH 10, 2020

Because food and beverage costs make up a large part of a restaurant budget, your inventory method has large implications for your bottom line. Restaurant inventory management is the process for monitoring the food and beverage ingredients for your restaurant in real time. What is Restaurant Inventory Management? Sitting Inventory.

Inventory 103

Inventory Management Management Waste 103

Mad Mobile

MARCH 1, 2024

In a study by the Wharton School , researchers found that using tabletop technology can improve sales by 9.74% and productivity by 10.77%. These visuals not only enhance the dining experience but also present a golden opportunity for guests to discover and crave appetizers, desserts, or beverages they might have overlooked otherwise.

Seasonal Menu 40

Seasonal Menu POS Loyalty Program Customer Experience 40

The Restaurant Times

MARCH 6, 2023

As opposed to profit, which is demonstrated as a dollar amount, your restaurant’s profit margins are its profits represented as a percentage of annual sales. As opposed to profit, which is demonstrated as a dollar amount, your restaurant’s profit margins are its profits represented as a percentage of annual sales. Read along!

Food Truck 52

Food Truck Point of Sale Employee Relations Equipment 52

Restaurant365

AUGUST 19, 2020

Cultivating a library of tools for your new hires, such as company handbooks, checklists, and training manuals, can help you start off on the right foot. Teaching your policies, training your managers, and educating your employees about your code of conduct can help you respond quickly and transparently to any complaints that arise.

Restaurant Law 131

Restaurant Law Recruiting Employee Relations Food Safety 131

Restaurant365

JULY 21, 2021

On any given day, you may be receiving multiple food and beverage shipments from different vendors, farmers, or distributors. Set up your POS to track restaurant inventory. But by automating every part of the inventory process possible, including your POS integration , you can help avoid input errors and unnecessary manual tasks.

Inventory 78

Inventory Management Management Waste 78

Cheetah

OCTOBER 13, 2020

Upselling Cross selling Understand diners Staff training Online menu POS system Games and contests Premium products Sales-oriented menu Showcase food. Meal plan has a beverage and fries in addition to the burger but it also costs more. Train Waitstaff to Be Menu Wise. Upselling to Raise the Average Order Size.

Ordering 78

Ordering Online Ordering POS Food Order 78

Restaurant365

MARCH 10, 2020

Because food and beverage costs make up a large part of a restaurant budget, your inventory method has large implications for your bottom line. Restaurant inventory management is the process for monitoring the food and beverage ingredients for your restaurant in real time. What is Restaurant Inventory Management? Sitting Inventory.

Inventory 78

Inventory Management Management Waste 78

BNG Point of Sale

AUGUST 12, 2018

You can let your staff hand out small samples of brews, increasing their chance of a customer ordering that beverage. Sometimes it’s hard to get your staff into the habit of upselling, but you can help remind them of upselling opportunities by programming your point-of-sale system to prompt them whenever they ring up specific items.

Point of Sale 75

Point of Sale Inventory 2000 POS 75

Rocket Fuel

MAY 1, 2023

In today’s competitive quick-service restaurant (QSR) landscape, operators must adapt to evolving consumer behavior and leverage every available sales channel to stay ahead. However, 2022 saw a resurgence in counter sales, reaching 14.44%, a 51.9%

Operations 52

Operations Guest Recovery Mobile Ordering Point of Sale 52

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. . High profit bars can easily double those sales metrics. . Bar Revenue per Square Foot .

Bar 52

Bar Point of Sale Retail 2013 52

The Restaurant Times

MARCH 10, 2023

Accepting food and beverage requests and informing the appropriate staff of them Sometimes, make the beverage yourself. Front-of-house (FOH) refers to all activities and settings a patron will experience while dining at a restaurant, including the lobby and dining area. Escorting diners to their tables and distributing menus to them.

Front of House 52

Front of House FOH Back of House Online Ordering 52

Open for Business

OCTOBER 20, 2023

Transforming the space to match your restaurant’s theme can also impact the budget, as will acquiring your first round of food, beverages, and other essentials. Market research Before you even think about the menu or location, you need to understand the guests who will walk through your doors. Are people craving a new Italian place?

License 78

License Email Marketing Seasonal Menu Front of House 78

Restaurant365

DECEMBER 11, 2020

operators, mostly sales) minus your cash outflows (your operating costs, like food and drink, payroll, rent, etc.) For instance, you may need to proactively adjust your labor to meet a seasonal drop in sales, or plan for the best time to spend cash on any needed maintenance or upgrades. over a certain period of time.

2021 136

2021 Cash Management Management Management 136

Lavu

JANUARY 21, 2020

The accounting language may seem difficult for people who are not trained in accounting or those who have no interest in matters accounting. Someone who understands specific restaurant accounting features like a chart of accounts, COGS, prime costs, daily sales, and more. . Hire a Professional Specializing in Restaurant Accounting.

Point of Sale 78

Point of Sale Inventory Restaurant Law Front of House 78

BNG Point of Sale

SEPTEMBER 2, 2021

How To Increase Food Sales in Your Restaurant . 14 Tips to Increase Food Sales . 14 Tips to Increase Food Sales . Your regular customers will also promote you through word of mouth and by bringing in friends and family, which will aid in the growth of your restaurant’s overall sales and profitability.

Point of Sale 52

Point of Sale Food Loyalty Program Online Ordering 52

Lavu

MARCH 20, 2020

Boosting sales in your restaurant doesn’t have to be complicated. By analyzing your profit margins with an integrated POS, and combining that knowledge with these tips, you’ll start to see profit margins boost in your restaurant. Add Value to Desserts to Boost Restaurant Sales.

Menu 136

Menu Point of Sale Customer Service Food Order 136

Restaurant365

JUNE 17, 2020

Your restaurant operations include many different expenses, from food and beverage to utilities. Your restaurant payroll cost is not fixed and may fluctuate with sales. Your payroll percentage is one of the most important metrics to track, because it indicates how much you’re spending on labor relative to your sales.

Tip Distribution 78

Tip Distribution Point of Sale Employee Relations Restaurant Law 78

Restaurant365

JUNE 22, 2021

Training your store-level managers and your kitchen staff about food waste reduction is critical to improving overall Cost of Goods Sold (CoGS). Training your store-level managers and your kitchen staff about food waste reduction is critical to improving overall Cost of Goods Sold (CoGS). Train your store-level managers.

Compost 88

Compost Food Waste Front of House 88

Restaurant365

JUNE 26, 2020

Sarah Ballard, director of finance and a Certified Public Accountant, explained that C21 Group/BLCO was using many different sources of information that needed to be transferred into QuickBooks manually, from the store point-of-sale (POS) to other store operational software. employing more than 700 people.

Franchise 148

Franchise Franchising Cash Management Demo 148

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

Restaurant365

OCTOBER 30, 2020

In a restaurant, there’s always something that needs to be done. Maybe it’s organizing the walk-in, folding the napkins for the front of the house, or reworking the menus. As a restaurant owner or manager, sometimes you may need to jump in to help keep business running smoothly. What is restaurant operations management?

Operations 78

Operations Management Management Inventory 78

Restaurant365

FEBRUARY 4, 2021

Your labor cost is one of your biggest expenses, but it can be difficult to track, since sales and labor needs may fluctuate by the day, week, and quarter. Looking at the cost of labor as a percentage of sales shows how your employee labor hours are matching with customer demand (sales). How to calculate labor cost.

Restaurant Law 78

Restaurant Law Point of Sale BOH Customer Service 78

Restaurant365

OCTOBER 8, 2019

With perishable ingredients and fluctuating sales, controlling food costs in restaurants can be extremely challenging. Inventory tracking is an essential restaurant task – with more efficient food, beverage, and supply orders, you are saving money and adding to your bottom line.

Food 99

Food Inventory Point of Sale Waste 99