Culinary Cues

MAY 15, 2021

This creates a domino of challenges – labor dependance, the inability to pay reasonable wages, selling price ceilings that do not yield sufficient profit, etc. When menus are well researched and managed then a restaurant stands a chance of success. Without cash reserves the pandemic cause thousands of restaurant casualties.

Customer Experience 390

Customer Experience Cash Management Customer Service Front of House 390

Restaurant365

DECEMBER 11, 2020

As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. Manage cash flow by creating a cash flow forecast. Your total cash flow is your cash inflows (for restaurant. over a certain period of time.

2021 136

2021 Cash Management Management Management 136

Modern Restaurant Management

FEBRUARY 4, 2022

This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. Restaurants will also explore delivery options beyond costly third-party partnerships, and hike delivery menu prices to make the channel more lucrative as off-premise demand holds steady.

2022 215

2022 Customer Service Online Ordering Website Management 215

Focus POS

DECEMBER 8, 2021

During a “normal” year, restaurant owners and operators face issues such as cash flow and capital, inventory management, hiring and training and providing excellent customer service. It’s important to monitor what’s selling so managers can order more in a timely manner, ensuring the most popular choices are always in stock.

Mobile Ordering 148

Mobile Ordering Point of Sale Cash Management Online Ordering 148

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. Restaurants will continue to embrace digital on-premise, including mobile ordering and payment at the table, to streamline operations and improve the guest experience.

2023 193

2023 Loyalty Program Mobile Ordering Customer Experience 193

Ken Burgin

NOVEMBER 15, 2021

The popular Aussie BYO is now available in fewer restaurants, and there needs to be a rethink about the wine range and pricing, especially if customers can no longer bring the good bottle they bought for $12 and now have to pay a minimum of $50 from your range. Watch for waste and over-pours – the stocktake system should pick up on that.

Point of Sale 147

Point of Sale Back of House Beverage Email Marketing 147

Restaurant365

AUGUST 4, 2020

Running a successful restaurant business is all about spending your cash wisely. When that inventory is wasted, stolen or spoiled before it’s sold, it must be written off as an expense in the books. Integrating inventory management with accounting facilitates better inventory control. What is restaurant inventory management?

Inventory 78

Inventory Management Management Cash Management 78

Restaurant365

SEPTEMBER 3, 2021

Restaurant owners, operators, and managers are constantly faced with decisions about accounting, operations, inventory, customer service, and staffing. To keep up in a fast-paced industry, restaurants might consider adding a new role, commonly called “profitability strategist,” to the management team.

Waste 78

Waste Cash Management Point of Sale Inventory 78

Modern Restaurant Management

DECEMBER 16, 2021

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their views on trends. With more options to work outside of the hospitality industry, operators must offer employees more scheduling flexibility, facilitate transparent communication between management and team members, and avoid overworking staff.

2022 175

2022 Food Supply Back of House Kitchen Safety 175

Restaurant365

AUGUST 25, 2020

Comprehending your restaurant cash flow is essential to running your restaurant business. Cash flow refers to the amount of cash coming into your restaurant minus the amount of cash going out on a daily, weekly or monthly basis. Common factors that cause cash flow issues. Too much inventory. Unexpected expenses.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Restaurant365

NOVEMBER 20, 2020

Prior to expanding how they used Restaurant365, says Mr. Steinbach, Eli’s wasn’t generating consistent nor accurate data for food and labor costs. For instance, because Eli’s had loose recipes that weren’t consistent between the six restaurants, there weren’t comparable food cost numbers across locations.

Demo 148

Demo Point of Sale Cash Management Waste 148

BNG Point of Sale

JULY 15, 2018

Well, a point-of-sale system is necessary when it comes to maintaining the operations of your business, but they also prevent theft, limit food waste, and help you make smarter ordering decisions. Many successful restaurants have food costs as high as 50% , and in spite of the high price are still making a considerable profit.

Point of Sale 66

Point of Sale Waste POS Cash Management 66

Restaurant Engine

JANUARY 26, 2022

Pay attention to all of your costs when looking at food service financing solutions. For your food service business, the bottom line represents success, and it represents the continuation of your business. In this article we look at how to improve your food service bottom line with these seven financing solutions. #1:

Cash Management 59

Cash Management Food Website Management Inventory 59

Modern Restaurant Management

JANUARY 12, 2022

Early in the pandemic, 72 percent of operators invested in delivery and mobile/online ordering to boost revenue during mandated stay-at-home orders according to TD's 2020 survey, and it appears the popularity of these offerings is here to stay. Investment in delivery and mobile ordering pays off.

2022 206

2022 Mobile Ordering Guest Recovery Point of Sale 206

Margin Edge

FEBRUARY 24, 2022

They can impact everything from menu prices to labor decisions and can vary from week to week. . The most universal categories are food, beer, wine and liquor (FBWL), but depending on what type of restaurant you run, these may vary. Either way, tracking COGS is critical to controlling and understanding where waste occurs.

Inventory 83

Inventory Point of Sale Waste Cash Management 83

Deliverect

MARCH 17, 2020

Governments all over the world have been ordering restaurants, bars and other food businesses to close up shop - until further notice. So how can the food industry try to keep its head above water during these difficult times, and how can consumers continue to support their local food and hospitality businesses?

Online Ordering 146

Online Ordering Merchandise Food Website Management 146

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. Now, more than ever, it’s also imperative to optimize food costs.

Cash Management 97

Cash Management Management Management Small Business 97

Lavu

JANUARY 21, 2020

This includes communication of financial statements like income statements, balance sheets, and cash flow. The process allows restaurant owners and managers to document all financial transactions of the business and determine how well it is performing. Better Financial Management. Better Tracking of Cash Flows.

Cash Management 78

Cash Management Point of Sale Inventory Information 78

Focus POS

JUNE 17, 2019

It’s a system that takes the place of a traditional cash register and provides much more than basic transaction functionality. Restaurant point of sale software empowers businesses to control labor costs, manage inventory, and have deeper visibility into business operations. What is restaurant point of sale (POS) software? Flexibility.

Point of Sale 113

Point of Sale Cash Management POS Franchise 113

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. Chief among these restaurant management systems is a F&B management platform such as Apicbase. Let’s find out how.

Point of Sale 52

Point of Sale POS Management Management 52

Restaurant365

OCTOBER 30, 2020

As a restaurant owner or manager, sometimes you may need to jump in to help keep business running smoothly. However, the day-to-day tasks can distract from the bigger-picture work that is essential for your long-term business health: restaurant operations management. What is restaurant operations management?

Operations 78

Operations Management Management Inventory 78

Restaurant365

FEBRUARY 8, 2022

Part 2 will take a deep dive into how to forecast restaurant sales, including labor demand forecasting and food demand forecasting. Those are going to change and evolve over the course of a year based on trends and the pricing/availability of product. It provides your managers with the data they need to help run the business.

2022 78

2022 Cash Management Point of Sale Inventory 78

Open for Business

OCTOBER 20, 2023

Opening a restaurant is a dream for many aspiring entrepreneurs and food lovers alike, but it’s also a complex venture that requires careful planning and execution. Visit other restaurants in the area to understand their pricing and see what they’re doing well and what can be improved upon. Seasonality is key.

License 78

License Email Marketing Front of House Seasonal Menu 78

Xtra Chef

APRIL 22, 2020

Get aggressive about food costs. Mattenga’s Pizzeria , a two-location concept located outside of San Antonio, Texas, knew that they needed to be laser-focused on two objectives during the COVID-19 outbreak: sustaining sales and “getting incredibly aggressive” about their food costs. xtraCHEF turns this nightmare into a dream.

Cash Management 80

Cash Management Back of House Inventory Seating 80

Modern Restaurant Management

DECEMBER 21, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their perspection on 2020: What lessons did you learn and what do you feel the restaurant industry learned this year? The unfortunate reality is that customers aren’t comparing the curbside or app ordering process of Denny’s to McDonalds.

2020 142

2020 Online Ordering Point of Sale Cash Management 142

Restaurant365

FEBRUARY 19, 2020

Controllable costs, like your prime cost of food and labor, fluctuate over time with vendor prices, sales, and other external factors. For example, restaurants tend to have a large, fast-changing inventory with a limited shelf life, which affects food cost calculations. Using inefficient and inaccurate Accounts Payable system.

Point of Sale 120

Point of Sale Cash Management Inventory Consumer Goods 120

BNG Point of Sale

SEPTEMBER 2, 2021

A Guide to a Restaurant’s Ideal Profit Margin for Food . Ideal Profit Margin for Food . The food business is notoriously tough. A Guide to a Restaurant’s Ideal Profit Margin for Food . 30% food costs . Food Trucks . 30% labor . 30% overhead expenses . 10% profit .

Food Truck 52

Food Truck Loyalty Program Food Point of Sale 52

Modern Restaurant Management

SEPTEMBER 15, 2021

78 percent of Canadians have ordered delivery within six months prior to the survey. 78 percent of Canadians have ordered delivery within six months prior to the survey. Quebec ordered delivery the most, with 84 percent saying they had ordered within the last six months. Delivering Excellence. ” Supporting Local.

2021 164

2021 Loyalty Program Retail Online Ordering 164

ChefMod

OCTOBER 6, 2021

But, how have they managed to stay up and running so far? Focus on Online Shopping For the last 15 years, the online shopping and ordering market has grown exponentially. Even a small vegetable vendor can take orders via some kind of online ordering platform. Well, not anymore.

2021 52

2021 Email Marketing Front of House Cash Management 52

Cheetah

APRIL 13, 2021

Just five years after Cheetah was founded, we’ve managed to process over 350,000 orders, supply over 1,000,000 products, and service over 3,000 restaurants. Our easy-to-use app offered flexible deliveries and transparent pricing. Cheetah was founded to address this problem.

Operations 78

Operations Food Truck Food Supply Small Business 78

Modern Restaurant Management

DECEMBER 16, 2019

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the great gift of a restaurant gift card, learning about event professionals, top QSR traffic and digital ordering strategies. Additionally, turnover rates for restaurant employees and managers continue to be at all-time highs.

2019 97

2019 Compost Mobile Ordering Point of Sale 97

EATER

MAY 31, 2023

Photo of Andrew Coté by Paulo Anjou Andrew Coté followed his fathers footsteps into beekeeping; now Andrew’s Honey is a go-to resource for beekeepers and for restaurants looking for top-notch honey In How I Got My Job , folks from across the food and restaurant industry answer Eater’s questions about, well, how they got their job.

Insurance 94

Insurance Email Marketing Cash Management 2005 94

EATER

DECEMBER 16, 2021

Vianne applied to work as a food delivery worker for Postmates and DoorDash, two relatively recent app-based delivery services. After Vianne filled out the applications for Postmates and DoorDash and underwent a brief training session, “I just got in my car and I started delivering food.” It was very exhausting.”

Back of House 143

Back of House Employee Relations Delivery Mobile Ordering 143

Notch

JANUARY 23, 2019

For example, fast-food margins can be much higher than full-service restaurants. And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. Use purchase orders. But if a restaurant’s 3% margin drops by that much? Well, that can mean the end of the restaurant.

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

Restaurant365

OCTOBER 4, 2019

However, as cloud-based POS systems and cloud-powered restaurant management platforms become the industry standard, are you also thinking about “what is POS integration?” Integrated point of sales systems data goes beyond the cash drawer summary level offered by simple POS reports. ” How does POS integration work?

POS 60

POS Point of Sale Cash Management Information 60

MBB Hospitality

NOVEMBER 13, 2018

Check out these restaurant consulting tips for the DIY restaurant owner or manager: The customer is always right. Are their food allergy concerns not being addressed properly? Keep eye on cash flow. Always keep a close eye on your cash flow so you don’t find yourself buried under debt and unable to dig out.

Management 40

Management Management Social Media Cash Management 40

7 Shifts

JANUARY 10, 2024

Restaurant management systems have evolved rapidly over the past couple of decades. They can take orders on iPads and process transactions via handheld POS devices. Table of Contents What is a restaurant management system? How does a restaurant management system work? How does a restaurant management system work?

Management 195

Management Management Point of Sale POS 195