7 Shifts

NOVEMBER 22, 2021

It also requires money to open a restaurant and build it out, buy equipment and finance the operation until it reaches break-even. Competitive Analysis : document local competitors and show how you will be able to carve out a niche in your market. Starting a successful restaurant requires passion, hard work and persistence.

Document 393

Document Cash Management Small Business Take-out 393

7 Shifts

MARCH 11, 2020

You won’t have cash coming in until you open your doors, so you’ll have to depend on your life savings, investments, and loans to get you through your first few weeks or months of business. If your space is worth $1 million, for example, you’ll need $100,000 in cash to lock in the space. Check out these U.S.

License 354

License Cash Management Inventory Food Supply 354

7 Shifts

AUGUST 20, 2020

They include: Labor management software Order management software Inventory management software Guest engagement software Contactless, mobile payment processors 5 Tools to Use to Increase Operational Efficiency in Restaurants Did you know that 48% of restaurants use three or more tech vendors?

Technology 293

Technology Mobile Ordering Dietary Restrictions Cash Management 293

7 Shifts

FEBRUARY 12, 2021

Maybe it’s to take your grandmothers’ recipes to the masses. You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. Find Out Why the Restaurant is for sale. Once you’re ready and funded, here are the steps to take to realize the dream of ownership.

License 444

License Equipment Certification Information 444

7 Shifts

MAY 25, 2020

There’s nothing better than a tidy workstation and clean range hood before service hour; and the post-shift scrub down of the kitchen can be a form of meditation for stressed out chefs. each surface that comes into contact with food, and any supplies or equipment that’s used through the day. Choose the right cleaning products ??

FOH 338

FOH BOH Kitchen Safety Cash Management 338

Culinary Cues

DECEMBER 30, 2019

Some have their feet planted firmly on the ground with a system that is time tested and solid, while others tend to drift in and out of consciousness. Unless that chef is a partner there is a high probability that he or she will leave at some point and take the restaurants positive reputation along for the ride.

Cash Management 268

Cash Management Point of Sale Leadership Website Management 268

7 Shifts

MARCH 10, 2021

The fact that 60% of restaurants fail in their first year and 80% close within five years of their grand opening is an indication that few have what it takes for long-term success. If you want to open a restaurant , or if you're going to take a fresh look at where you are in your journey as a restaurateur, you must develop a business plan.

Management 370

Management Management Small Business Email Marketing 370

7 Shifts

JANUARY 23, 2020

As you plan out your concept, location, menu, staffing, and marketing, take a read through the advice left by hundreds of restaurateurs to ensure you’re set up for success in 2020. Educate yourself on costs, hiring, and the market you are in before taking the leap. It’s going to be the ride of your life. Erin, Rush Street. ?. ?.

2020 335

2020 Hiring Cash Management Education 335

7 Shifts

APRIL 3, 2020

That is what we are going to answer in this blog—providing you with steps you can take right now to reduce your costs and boost your revenue to keep your restaurant profitable during COVID-19. Download all the data from your restaurant POS or back-office management platform to get a sense of how your restaurant is operating today.

BOH 368

BOH POS Influencer Point of Sale 368

Clover - Restaurants

APRIL 23, 2024

Yet, purchasing a restaurant can bring a new set of challenges that are worth considering before you take the plunge. 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. Franchise or independent restaurant?

Point of Sale 52

Point of Sale Cash Management Franchise Franchising 52

7 Shifts

MARCH 31, 2021

What make’s yours stand out? It will give the lenders a glimpse of what you want to achieve and what steps you’ll take to accomplish it. In general, lenders will want to see at least five years' worth of cash flow projections. Dedicate a section to show off your management team. Be sure to stick to realistic estimations.

Cash Management 370

Cash Management Document Customer Experience Customer Service 370

Modern Restaurant Management

JANUARY 30, 2024

Truly addressing annoyances guests don’t consciously convey or introducing dishes redefining what they previously considered possible take creativity and guts. Take on Investors Only When Absolute Necessity Calls for It During growth phases, bringing on outside investors can be a tempting path to accelerate expansion plans.

Leadership 203

Leadership Small Business Cash Management Customer Experience 203

Modern Restaurant Management

JANUARY 8, 2024

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.

2024 215

2024 Loyalty Program Cash Management Customer Experience 215

7 Shifts

SEPTEMBER 20, 2021

Delivery, scheduling, inventory management, reservations, and guest management have seen technological advancements over the past few years, and it's just the beginning. Use order information with inventory management software for smarter purchasing. Restaurant Task Management. Restaurant Inventory Management Software.

Technology 370

Technology Front of House Social Media Back of House 370

Marketman

SEPTEMBER 1, 2019

You’re going to manage your very own restaurant. Managing a restaurant covers all aspects of the business, from inventory and purchasing to distributors and vendor payments , and you need to be prepared. Getting a restaurant off the ground takes money. Inventory management: Track inventory with real-time statuses and alerts.

Equipment 66

Equipment Front of House Back of House Food 66

Modern Restaurant Management

MARCH 1, 2023

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.

Front of House 171

Front of House BOH Back of House 2023 171

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

Modern Restaurant Management

APRIL 5, 2022

The reasons for the accelerated growth of this idea, the contribution of POS to these kitchens, the display systems to make the operations easier, and the automated operations used in the inventory as well in the kitchen for easy food management- are some of the ideas that will be discussed in the following paragraphs.

Online Ordering 196

Online Ordering Point of Sale Website Management Inventory 196

Society Insurance

NOVEMBER 15, 2022

To expedite the process of wrapping up for the night, restaurant and bar owners can turn to a closing checklist that outlines tasks to be completed by front-of-house staff, back-of-house staff, and management. Taking out the trash and securing the garbage or dumpster area to keep pests and critters away. Updating food labels.

Front of House 97

Front of House Food Safety Cash Management Back of House 97

7 Shifts

OCTOBER 31, 2022

Taking the time and energy to create one proves to others (and yourself) that you're serious about the venture. The management team. Check out these successful restaurant ideas. Management team. Explain how your restaurant will stand out in a sea of competition. Your market position and competitive advantage.

Point of Sale 397

Point of Sale Back of House Document Download 397

7 Shifts

FEBRUARY 12, 2021

Maybe it’s to take your grandmothers’ recipes to the masses. You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. Find Out Why the Restaurant is for sale. Once you’re ready and funded, here are the steps to take to realize the dream of ownership.

License 195

License Equipment Certification Information 195

7 Shifts

DECEMBER 3, 2019

In a sea of restaurants nationwide, yours has stuck out and been successful. Before you take the plunge, we’d recommend taking a practical and systematic approach to expanding your franchise to ensure the process results in a profitable endeavor. On the surface, your franchise may seem like it’s doing fine—maybe even great!

Franchise 368

Franchise Franchising Audits Point of Sale 368

Modern Restaurant Management

JUNE 14, 2022

It’s also more prevalent than some restaurant owners and managers might want to believe. That means, in a vacuum, three out of every four of your employees could potentially engage in some form of theft from your business. Inventory Management System. Why is this helpful? Supplies and ingredients can get expensive.

Point of Sale 203

Point of Sale Kitchen Safety Back of House Inventory 203

Cheetah

NOVEMBER 4, 2021

Ensuring you get what they are rightfully entitled to from their 3rd-party delivery app will help restaurant operators price dishes better, forecast cash flow and manage supply stock levels. Take a close look at this itemized bill from Grubhub, for example. Two things stand out in this bill.

Delivery 148

Delivery Cash Management Restaurant Law Mobile Ordering 148

7 Shifts

JANUARY 26, 2021

million out of work, it was nothing short of devastating. Ordering online, paying with mobile phones, scanning QR codes for a menu, and a ton of takeout, are just a part of dining out now. With mobile ordering, there are no menus to pass out and back around, no germed-up credit cards to swipe, and no cash to handle.

2021 370

2021 Front of House Social Media Back of House 370

Aaron Allen & Associates

MARCH 3, 2022

There are so many things to think about — from inventory management to restaurant payment and billing and more — it can be difficult to keep track of it all. That’s where restaurant management software comes in. In this roundup, we will take a look at some of the best restaurant management software out there.

Management 120

Management Management Mobile Ordering Point of Sale 120

Modern Restaurant Management

SEPTEMBER 14, 2022

– Team Bots’ It sounds like something out of a science fiction movie, right? AI and ML are buzzwords and often sound out of reach of an average restaurateur. AI can assist restaurants in optimizing how they manage and operate menus to increase margins. But they have tons of cash to burn on such gimmicks, right?

Front of House 211

Front of House Mobile Ordering Loyalty Program Back of House 211

Restaurant Business

JUNE 5, 2023

Businesses might still be writing checks, sending payments out via mail and juggling paper receipts—all steps that take extra time and can lead to extra expenses. Money management: A key to successful business Knowing how to best manage incoming and outgoing money is essential for any business. Here’s why. Earn rewards.

Cash Management 86

Cash Management Small Business 2023 Equipment 86

Marketman

SEPTEMBER 1, 2019

You’re going to manage your very own restaurant. Managing a restaurant covers all aspects of the business, from inventory and purchasing to distributors and vendor payments , and you need to be prepared. Getting a restaurant off the ground takes money. Inventory management: Track inventory with real-time statuses and alerts.

Equipment 40

Equipment Front of House Back of House Food 40

Modern Restaurant Management

FEBRUARY 3, 2022

Seventy-four percent of full service restaurants (FSRs) managed to maintain or increase their sales during the pandemic; however, profit margins in 2021 declined to 10 percent, compared to 12 percent in 2019, according to third annual State of Full Service Restaurants Report released by TouchBistro.

Loyalty Program 194

Loyalty Program Online Ordering Cash Management Point of Sale 194

Restaurant365

JUNE 9, 2020

By generating a budget for your controllable costs , you can create a clearer path for your cash to move. Assessing this movement by ensuring that the budget is maintained and that invoices are entered daily will help you better manage your cash flow each month. Manage your cash flow. Create a restaurant budget.

Cash Management 97

Cash Management Management Management Small Business 97

Ken Burgin

FEBRUARY 5, 2020

With many cafes and restaurants reporting up to 80% of sales being made on card, the traditional informal cash transactions and ‘owner’s cash bonus’ have become much more difficult to manage. The electrician who always comes immediately because he’s paid cash. The vegetable guy who says he gives the best prices for cash.

Cash Management 99

Cash Management Food Supply Point of Sale Online Ordering 99

Modern Restaurant Management

APRIL 27, 2020

Although delivery drivers are being asked to take additional precautions to protect themselves and others, restaurant operators may not be aware that they may be liable for bodily injury or property damage arising from motor vehicle accidents while delivery drivers are operating personal vehicles for business use.

Delivery 153

Delivery Hiring Transportation Food Safety 153

Modern Restaurant Management

MAY 21, 2020

Take the Flights restaurant , for example: Partnering up with the Los Gatos Chamber of Commerce, Flights started ‘Feed the Need Bay Area’ to leverage accounting support and marketing talent so that they could support the Bay Area community. Take every initiative you can to disinfect and sanitize your restaurant.

Social Media 215

Social Media Food Safety Cash Management Kitchen Safety 215

Modern Restaurant Management

AUGUST 10, 2022

While increasing grocery costs could lead some consumers to eat out instead , it’s clear that restaurants need to do more to justify higher prices and improve the customer experience. Seven out of 10 U.S. Fortunately, today’s restaurateurs have a playbook that can help them to do precisely that. First-Rate Service.

Customer Experience 188

Customer Experience Online Ordering Customer Service Mobile Ordering 188

Lavu

JANUARY 15, 2020

You need funds to restock your inventory, pay your staff, obtain or renew permits, buy business assets, and replace your restaurant equipment. Regardless of the purpose, restaurant financing is vital to running a successful business and ensuring smooth cash flow. . Equipment Financing. Merchant Cash Advances.

Cash Management 78

Cash Management Equipment Small Business Front of House 78

7 Shifts

NOVEMBER 17, 2022

Drinking has, of course, traditionally been the main activity that takes place at bars. Recommended Reading: 7 Bar Inventory Building and Management Tactics for Restaurants. If so, you can take advantage of games that require more space. However, this is shifting. Differentiate your business from competitors. Space & Noise.

Bar 195

Bar Sports Outdoor Brewery 195