Lavu

JANUARY 15, 2020

Regardless of the purpose, restaurant financing is vital to running a successful business and ensuring smooth cash flow. . Normally, a bank will require a lot of information and reassurance before approving a loan for a restaurant business. Merchant Cash Advances. Types of restaurant financing. Start-Up Business Loans.

Cash Management 78

Cash Management Equipment Small Business Front of House 78

Apicbase

MARCH 3, 2023

These back-of-house software systems have become indispensable for modern restaurants because they enhance profitability and simplify work for restaurant managers and kitchen staff. Some technologies integrate with the restaurant’s POS, allowing data to be easily shared between front-of-house (FoH) and back-of-house (BoH) systems.

Point of Sale 52

Point of Sale POS Management Management 52

Lavu

NOVEMBER 8, 2019

As the owner or manager of a restaurant, when you’re aiming to grow profitability, accounting is an area where you need to be comfortable. It might be considered the most dreaded part of running your business, but to be profitable and to manage the money, there’s no way it can be avoided. Unavoidable Restaurant Expenses.

Management 85

Management Management Food Truck Cash Management 85

7 Shifts

JANUARY 5, 2024

New York also allows employers to claim a tip credit , reducing the cash wage requirement by one-third of the minimum wage. If those charges are split between the restaurant and the staff, customers must be informed of the exact split rate. With a $15 minimum wage, this works out to a $10 cash wage and a $5 tip credit.

Restaurant Law 195

Restaurant Law Cash Management Tip Distribution Employee Relations 195

7 Shifts

JANUARY 5, 2024

New York also allows employers to claim a tip credit , reducing the cash wage requirement by one-third of the minimum wage. If those charges are split between the restaurant and the staff, customers must be informed of the exact split rate. With a $15 minimum wage, this works out to a $10 cash wage and a $5 tip credit.

Restaurant Law 195

Restaurant Law Cash Management Tip Distribution Employee Relations 195

Lavu

JANUARY 21, 2020

A good accountant will help you in managing finances and producing key financial statements. With an automation tool like Sourcery , you can integrate the system into your restaurant management applications. Your restaurant POS system should seamlessly integrate both the back-of-the-house (BOH) and front-of-the-house (FOH) operations.

Point of Sale 78

Point of Sale Inventory Restaurant Law Front of House 78

The Restaurant Times

SEPTEMBER 30, 2021

Restaurant operations, as we know them, are being totally upended by innovation and technology and when used correctly, restaurant management software is a sure-fire approach to assure a restaurant’s success. . Imagine the time and cost efficiencies you could get with a complete restaurant management system.

Management 98

Management Management Cash Management Front of House 98

Modern Restaurant Management

APRIL 2, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. One of the ways they are doing this is by providing information and insights to make it easier for them to find new ways of conducting business.

Healthcare 206

Healthcare Employee Relations Online Ordering Customer Service 206

Lavu

MARCH 11, 2020

Understanding Restaurant Management Software. Among the technology offered today is restaurant management software. . If you’re in the beginning stages of looking for a restaurant management system , you might have multiple questions or concerns. Why do you need restaurant management software?

Management 78

Management Management Cash Management Mobile Ordering 78

The Restaurant Times

JANUARY 18, 2023

Independent platforms, such as online ordering platforms, rewards programs, food delivery, and customer relationship management systems (CRM), should work together to offer a seamless experience. What Is An Integrated Restaurant Management System? for managing phone calls, . streamlining inventory management, .

Operations 52

Operations Loyalty Program Point of Sale Online Ordering 52

Deliverect

JUNE 30, 2020

So how can you make sure you streamline your operations so you can give the customer what they want, while managing your business in the most efficient way? In addition, customers can inform you in advance about any food allergies they may have, or whether there is a birthday boy or girl in the group. The answer is food technology.

Food 94

Food Online Ordering Cash Management Waste 94

Apicbase

FEBRUARY 29, 2024

Square , 2024) Get started : Restaurant Inventory Management Software for Multi-Unit Restaurants and Large-scale Catering Operations. The automation of other administrative tasks is also trending high: 70% report that they have automated payroll, 65% bookkeeping, and 65% inventory management. However, there is still a 2.6%

2024 52

2024 Operations 2023 Loyalty Program 52

Apicbase

JUNE 16, 2023

In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking. The metrics and calculations in this list will help you bring order to the chaos and manage the performance of each unit in the chain. In theory, it sounds easy. Why Are Metrics Important? That said, let’s dig in.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Apicbase

APRIL 20, 2022

You will also need to estimate the expected growth rate for at least the first year of the franchise business, calculate the restaurant cash flow, and determine the payback period (the time it will take to cover the capital expenditure). We suggest focusing on your earnings before interest and taxes (EBIT) to estimate cash flow.

Franchise 52

Franchise Franchising Cash Management Kitchen Safety 52

Modern Restaurant Management

DECEMBER 28, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their opinions on what we can expect in 2021. such as using mobile messaging to keep customers informed while their food is being prepared and provide a mechanism for informing restaurants when they have arrived to pick up their order.

2021 199

2021 Kitchen Safety Food Safety Mobile Ordering 199

Lavu

JANUARY 21, 2020

Even if you have a professional accountant, you still need to ensure the accuracy of the record and accessibility of such information at any time. This means you can always access the information at any time, and even incorporate customized fields to track the performance of your business in all areas. .

Audits 78

Audits Back of House Point of Sale Front of House 78

Apicbase

MAY 18, 2022

Managing a chain of company-owned restaurants is very different from working with franchisees. Besides cost estimates, audited financial statements and projections should be included, like: the expected growth rate for (at least) the first year; the estimated restaurant cash flow; the expected payback period.

Franchise 52

Franchise Franchising Sustainability Document 52

Modern Restaurant Management

FEBRUARY 18, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry movers and shakers: "What do you feel is going to cause disruption in the restaurant industry over the next decade?” As the owner of a food establishment, this is very valuable information to you. Store schedules and labor management.

Mobile Ordering 216

Mobile Ordering Front of House Fast Casual Customer Service 216

Modern Restaurant Management

DECEMBER 31, 2019

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders and experts for their insights on what will impact restaurants in 2020 and the response was overwhelming. Rick Camac, Dean of Restaurant & Hospitality Management at the Institute of Culinary Education.

2020 138

2020 Kitchen Safety Consumer Goods Point of Sale 138

7 Shifts

DECEMBER 14, 2023

Restaurant owners and managers must keep up with a steadily rising minimum wage (including tipped minimum wage), overtime laws, and other state-specific labor laws. One small restaurant group paid over $250,000 in back wages , and a single sushi restaurant in Fort Myers faced a $262,000 bill for forcing wait staff to share tips with managers.

Restaurant Law 195

Restaurant Law Employee Relations 2024 Cash Management 195

7 Shifts

DECEMBER 14, 2023

Restaurant owners and managers must keep up with a steadily rising minimum wage (including tipped minimum wage), overtime laws, and other state-specific labor laws. One small restaurant group paid over $250,000 in back wages , and a single sushi restaurant in Fort Myers faced a $262,000 bill for forcing wait staff to share tips with managers.

Restaurant Law 195

Restaurant Law Employee Relations 2024 Cash Management 195