Modern Restaurant Management

APRIL 27, 2020

Consider the following in your risk management and business continuity programs: Use of Food Delivery Services vs. Company Employees – By using a hired food delivery service, a restaurant can reduce the chance of employees having an accident by using their cars or the owner’s vehicles.

Delivery 153

Delivery Hiring Transportation Food Safety 153

Restaurant365

SEPTEMBER 23, 2021

Whether you’re a bookkeeper, accountant, restaurant owner, or store-level manager, understanding the basics of accounting can pay dividends for your business. Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Ken Burgin

AUGUST 6, 2022

Effective crisis planning and management is a must. Can we all be expert crisis managers or are some people better at it than others? Key staff resignations, equipment breakdowns, people issues, a kitchen fire or industry disputes – one way or another your turn will come.

Kitchen Safety 88

Kitchen Safety Cash Management Equipment Front of House 88

Modern Restaurant Management

FEBRUARY 3, 2022

You will also be able to implement changes and install new equipment much faster than would be possible if you needed to wait for a landlord’s permission. Easier Money Management. Cash flow management is one of the biggest challenges when running a restaurant. Lower Risk.

Restaurant Law 203

Restaurant Law Cash Management Insurance Seating 203

Xtra Chef

APRIL 13, 2020

Commissaries allow food business owners to benefit from a collaborative space in a number of ways, from having access to shared equipment to benefiting from economies of scale and splitting shared costs. You don’t have the outlay on equipment, fridges, storage space, and all the other overheads associated with running your own kitchen.

Food Truck 78

Food Truck Kitchen Safety License Insurance 78

The Food Corridor

NOVEMBER 29, 2022

This may include a statement around being respectful and considerate of the equipment, kitchen space, kitchen property, and other clients in the kitchen. While pre-payment for monthly plans is a best practice for kitchen cash flow purposes, do what works best for your kitchen and clientele. Or should they email you with their requests?

Equipment 52

Equipment Food Supply Book Kitchen Safety 52

Harbor Touch

APRIL 17, 2018

If you purchase equipment, like a restaurant POS system , for example, it may be eligible for depreciation deductions. A permanent tax deduction is now available for equipment for small business under Section 179. They also may require a separate filing and collection, so be sure your records are accurate. Expensing Asset Purchases.

Employee Relations 97

Employee Relations Insurance Point of Sale Cash Management 97

EATER

MAY 31, 2023

It’s harvesting honey, centrifuging honey, bottling honey, labeling bottles, dealing with wholesalers and market managers, cash apps and banks, insurances, clients, and schools. There’s just lots to manage in order to make ends meet. I still use some of my great-grandfather’s equipment.

Insurance 95

Insurance Email Marketing Cash Management 2005 95

Restaurant365

OCTOBER 22, 2021

Even if you use restaurant management software to automatically pull much of this restaurant data, understanding the calculations behind your operational restaurant reporting can help you place these numbers in context. An accurate CoGS relies on up-to-date numbers from your inventory management system. How to calculate net profit.

Point of Sale 78

Point of Sale Insurance Inventory Cash Management 78

The Restaurant Times

SEPTEMBER 30, 2021

Consider the upfront cost of new equipment against the continuing expenditures of maintenance, upgrades, or modifications that a used alternative could incur over the first year or two. . Map out your route, your kitchen supplies, storage, equipment, and the number of staff you want. It allows you to spend less cash each month.

Food Truck 52

Food Truck Food License Mobile Ordering 52

Modern Restaurant Management

MARCH 16, 2020

Due to the Covid-19 outbreak effect on the restaurant industry, Modern Restaurant Management (MRM) magazine is compiling a list of resources available for restaurant owners, operators and managers. Global insurance brokerage Hub International , is responding tonumerous inquiries asking for more guidance through the Coronavirus crisis.

Food Safety 234

Food Safety Kitchen Safety Small Business Employee Relations 234

Restaurant365

OCTOBER 14, 2020

Balancing cash flow month to month, let alone year to year, can be difficult for the ever-changing restaurant industry. As a restaurant owner or manager, you can use a budget to understand your income and expenses, and at what levels you will profit, break even, or operate at a loss. Budget for Equipment Repair.

Point of Sale 78

Point of Sale Email Marketing Advertising Cash Management 78

The Restaurant Times

AUGUST 5, 2022

Successful restaurant accounting can help in efficient cash management, balancing financial books, optimizing costs, and overall business planning. This includes the rent, property insurance, property taxes, and other utilities. . Automated Inventory Management. Cash Flow Statement. Operating Cost.

Cash Management 52

Cash Management Point of Sale Inventory Employee Relations 52

Modern Restaurant Management

MARCH 31, 2020

A few months back, several Tim Hortons locations were forced to shut down after a computer virus infected cash registers at more than 1000 stores. In order to understand why cybersecurity is important for restaurants, you only need to scan the recent headlines.

Website Management 203

Website Management Retail Small Business Online Ordering 203

The Restaurant Times

JANUARY 11, 2023

If you’re just looking to invest in a restaurant from a safe distance, all you need to do is form an LLC, hire someone to handle management, and inject cash. The initial kitchen and bar equipment cost amounts to about $40,000. Managing a Restaurant in the US From India. Arm’s Length Investment. Median Quartile.

License 52

License Restaurant Law Point of Sale Employee Relations 52

Modern Restaurant Management

MARCH 25, 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. These restaurants and businesses need a specialized insurance policy. The coverage sits excess of the driver's own insurance.

Online Ordering 115

Online Ordering Insurance Mobile Ordering Website Management 115

Deliverect

MARCH 24, 2021

The ghost kitchen model is appealing to those who are strapped for cash and want to open a low-risk business with minimal overheads. But you should also consider that investment in kitchen tech, order management equipment, menu optimization , and the right team will massively improve your chances of success in the competitive delivery market.

Food Truck 148

Food Truck Front of House Fine Dining Food Order 148

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. They include the cost of paying a mortgage or rent, permits, insurances, equipment costs, and certain operational expenses.

Point of Sale 78

Point of Sale Inventory Restaurant Law Front of House 78

The Food Corridor

MAY 7, 2020

A good example is distillers producing hand sanitizer during Covid-19 as they already have much of the equipment and access to ingredients needed to easily make the switch. Other considerations are driver insurance, rigorous hygiene guidelines, and offering contactless deliveries. Create an Online Store.

Delivery 98

Delivery Food Online Ordering Email Marketing 98

OpenTable

JULY 8, 2022

Depending on the structure, either you have all of the authority, or all members have the right to help manage the business. The pro forma and the capital requirements budget will help determine how much working capital is needed based on when the restaurant is projected to generate positive cash flow. Kitchen equipment.

Back of House 52

Back of House Front of House Restaurant Law Fine Dining 52

SpotOn

MARCH 25, 2024

Here, we'll discuss what you must consider when looking at the construction costs, equipment costs, interior design costs, and licenses and permits. Equipment costs Like all your restaurant startup costs, kitchen equipment, and small wares are directly connected to the concept.

License 52

License Insurance Point of Sale Equipment 52

7 Shifts

MAY 26, 2021

Instead, they partner with SBA-approved banks that foot the actual cash to qualifying small businesses. Here's how you can spend your PPP funding in 2021: Payroll: Salaries, wages, tips, commissions, employee benefits, group insurance benefits, and paid leave. The SBA financially backs these loans, but they don't do the actual lending.

2021 195

2021 Cash Management Document Employee Relations 195

Modern Restaurant Management

AUGUST 5, 2020

and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. This year’s Neighborhood to Nation Contest will double the number of winners to award 20 prizes of $5,000 in cash along with a robust marketing package.

Food Safety 210

Food Safety Mobile Ordering Online Ordering Kitchen Safety 210

Clover - Restaurants

MARCH 26, 2024

Most commercial kitchens are large spaces with professional-level equipment, including commercial ovens, ranges, mixers, slicers, fridges, freezers, prep tables, and speed racks. It may or may not matter to the kitchen managers what time you use the space. on weekdays and before 8 a.m. on weekends).

Food Truck 52

Food Truck Cash Management Website Management Small Business 52

The Food Corridor

APRIL 8, 2020

Being able to monitor and manage tenants’ movements remotely means you can be less hands-on and focus your valuable time in other areas of the business. You never know if a tenant is going to be a nightmare to manage and a security deposit gives you a little peace of mind just in case. . . Get Insurance.

Kitchen Safety 98

Kitchen Safety Insurance Food Safety Cash Management 98

Restaurant365

MARCH 30, 2020

If you haven’t been doing delivery before this point, even if you are using your own team, there are barriers to entry including: Securing equipment (like hot bags, to-go packaging). Expanding “off-premise” insurance coverage. Start with the following: Revisit your insurance policy. Vehicle insurance.

Delivery 78

Delivery Operations Insurance Cash Management 78

Restaurant365

APRIL 15, 2021

This data indicates the state of your restaurant’s financial health, and it can even help you and your managers understand where you can start improving profitability. The sales category may also include other information that affects sales, such as comps and discounts given out by managers at different locations. Prime Cost.

Point of Sale 78

Point of Sale Cash Management Beverage Insurance 78

Modern Restaurant Management

MARCH 11, 2020

US Foods Holding Corp.entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. NYSE: APO) (the “Apollo Funds”) for $970 million in cash.

Bar 154

Bar Cash Management Loyalty Program Point of Sale 154

Open for Business

DECEMBER 12, 2023

There are some distinct advantages to creating an LLC: all members (including you) are sheltered from liability; depending on the structure, either you have all of the authority, or all members have the right to help manage the business, and there is no limit to how many shareholders you can have in an LLC.

Back of House 78

Back of House Restaurant Law Email Marketing Small Business 78

EATER

NOVEMBER 1, 2021

There have already been calls to improve worker pay, and provide benefits like health insurance , child care , and sick leave. According to Andrea Cherng, chief brand officer at Panda Restaurant Group, which owns Panda Express, upgrading and automating the kitchen equipment makes things easier on employees, and more efficient.

Kitchen Safety 145

Kitchen Safety Fine Dining Front of House Back of House 145

Modern Restaurant Management

JULY 27, 2020

Sampson, partner at Leech Tishman in the firm’s Insurance Coverage and Litigation Practice Groups. Avoid unnecessary interactions and touching menus, credit cards, and cash. “Our clients care deeply about the health and safety of their communities and they also need to make a living and be able to pay their employees.”

Franchise 177

Franchise Franchising Mobile Ordering Kitchen Safety 177

Modern Restaurant Management

MAY 5, 2020

. “This pandemic has shed light on how technology can be used to quickly adapt core services within the food industry like delivery, fulfillment, and supply chains," said Lior Susan, Founder and Managing Partner at Eclipse. Delivery management has never been easier! ” Helping the Helpers.

Guest Recovery 122

Guest Recovery Food Safety Loyalty Program Point of Sale 122