Remove Cash Management Remove Communication Remove Sustainability
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What Restaurant Owners Need to Grow: Legal Strategies for Long-Term Success

Modern Restaurant Management

From franchise compliance to mergers and acquisitions (M&A) terms, the right legal frameworks can guide a restaurant company to long-term, sustained success. A resilient legal framework is critical to managing risks and addressing potential challenges throughout the acquisition process.

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Building a Resilient Restaurant: A Guide to Scaling a Food Concept in 2024

Modern Restaurant Management

rent) and (v) cash-on-cash return / payback – how long and at what rate will investment in a specific location be returned. Investors are eager to work with founders who prioritize prudent cash management. Within each of these metrics, there is an immense amount of detail to analyze.

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Pandemic Reflections: What Lessons Has the Restaurant Industry Learned?, Part Two

Modern Restaurant Management

That led to an employee shortage, especially for high-quality and experienced management positions. People appreciate contactless service and it has become the new norm to order differently than at the front counter of a restaurant with an employee at a cash register. Technology has become a solution in staffing as well.

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How Interpersonal Engagement Fuels Modern Restaurant Success

Modern Restaurant Management

Both brands take a people-centric approach, intentionally embedding soft skills like communication, teamwork, and resilience into hiring, training, and management practices. Being skilled at running a grill or cash register is certainly needed to get the crew over the hump. Ultimately, soft skills are relationship builders.

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Five Things Every Restaurant Can Do to Boost Profits While Reopening

Modern Restaurant Management

Improving from 20 percent margin to a 35-percent margin on a $12 dish, serving five0 covers per night translates into a $90 net increase in profits, allowing for increased cash flow to sustain operations. Customer Communication. Lastly, food cost should always be a consideration when making menu changes. Optimize Inventory.

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2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

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Back of House, Yet Front-Facing Priority – Restaurant BOH Trends to Monitor in 2023

Modern Restaurant Management

Is your restaurant up to speed with the latest best practices for back of house (BOH) management? So, which back of office trends should restaurant ownership and management be concerned with heading into 2023? They include restaurant management tips for cutting costs, decreasing food waste, and much more.