Modern Restaurant Management

JUNE 14, 2022

One study found that internal employee theft is responsible for 75 percent of inventory shortages and about 4 percent of restaurant sales. There are all kinds of different types of restaurant theft, ranging from food and inventory, theft at the register and checkout counter, external grease theft, time theft and employee product theft.

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Point of Sale Kitchen Safety Back of House Inventory 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.

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2024 Loyalty Program Cash Management Customer Experience 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. As far as restaurant challenges go, inventory mistakes can be some of the costliest.

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Mobile Ordering Point of Sale Cash Management Food Supply 148

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.

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BOH POS Influencer Point of Sale 368

Modern Restaurant Management

SEPTEMBER 14, 2022

– Team Bots’ It sounds like something out of a science fiction movie, right? AI-based robots cook your food and deliver meals on time without missing a beat. AI and ML are buzzwords and often sound out of reach of an average restaurateur. But they have tons of cash to burn on such gimmicks, right?

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Front of House Mobile Ordering Loyalty Program Back of House 211

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.

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Cash Management Point of Sale POS Inventory 147

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. Cost out your menu items and recipes.

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2021 Cash Management Management Management 136

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.

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Management Management Mobile Ordering Point of Sale 120

Modern Restaurant Management

FEBRUARY 4, 2022

Unprecedented labor and supply chain pressure will drive most of the restaurant trends that will define 2022, industry analysts say. This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. Health-Conscious Food Will Dominate Menus.

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2022 Customer Service Online Ordering Website Management 218

7 Shifts

DECEMBER 8, 2020

And social media is no slouch, either: actively follow and engage with restaurants on social media, 74% say they are more likely to visit or order food from those establishments. Adapting to Take-Out With many dining rooms closed due to COVID-19 restrictions at the time of this writing, you can take this idea and adapt it to take-out menus.

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Front of House Social Media Employee Relations Back of House 370

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.

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2022 Food Supply Back of House Kitchen Safety 180

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. An existing restaurant also has an established cash flow, as well as a system in place for managing inventory, staffing, and running the kitchen. Franchise or independent restaurant?

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Point of Sale Cash Management Franchise Franchising 52

Cheetah

APRIL 13, 2021

When we first set out to provide e-commerce solutions for Small-Medium business supplies, we were hoping to make just a bit of a dent. 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. A Tortuous Transition.

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Operations Food Truck Food Supply Small Business 78

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. The modern Kitchen Display System (KDS) will be more interactive to increase operational efficiencies and improve quality of food for the chefs and their teams.

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2023 Loyalty Program Mobile Ordering Customer Experience 197

The Restaurant Times

FEBRUARY 22, 2022

However, we are living in exciting times with new opportunities emerging out of utter chaos. Restaurant startup developments in recent years have included a variety of food delivery alternatives, company expansion, service innovation, extended online ordering, assemble-your-meal popup businesses, and many others. .

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2022 Front of House Cash Management Online Ordering 98

Sling

JULY 1, 2023

We’ll discuss how to navigate the early planning stages, review some essentials to take care of before launch day arrives, and leave you with some tips to keep your restaurant running smoothly once it opens. To best set yourself up for success, start by taking time to complete the following steps. Keep it simple, at least at first.

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Fine Dining Cash Management Restaurant Law Consumer Goods 78

Cheetah

JUNE 25, 2021

For example, it used to make sense for restaurant workers to spend precious billable hours scavenging for supplies at the endless isles of wholesale warehouses like Costco or RestaurantDepot. Better Way to Get Supplies. Why not let your sous chef run food out to customers while letting servers make breadbaskets?

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Front of House Back of House Guest Recovery Hiring 147

Restaurant Engine

DECEMBER 9, 2020

People love your food, and they want it outside your restaurant, too. You have a restaurant, and people already love your food. Yet, there are some things to consider before taking the plunge. The most important thing to consider is whether or not you have the resources to manage the added work. tweet this).

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Catering Website Management Seasonal Menu Food Supply 113

Squirrel Systems

MAY 25, 2021

From its origins as a cash register in the late 1900s – capable of simply recording sale amounts and summing up total sales for a day; the point-of-sale (POS) system has evolved into a sophisticated restaurant management system – that does much more than simply recording transactions!

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POS Loyalty Program Cash Management Point of Sale 52

Restaurant365

DECEMBER 20, 2021

Restaurant accounting teams can help connect operating and financial data at the store level, as well as zoom out to examine big-picture revenue and costs. Sharing information between teams shouldn’t require time-consuming communication to ensure accurate reporting, cost management, and forecasts.

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Operations Leadership Point of Sale Cash Management 78

BNG Point of Sale

AUGUST 19, 2021

When starting out in the restaurant business, there are many methods and procedures that improve your chances for success, and one of the most powerful is a Profit and Loss Statement (P & L Statement). Take this gross profit amount and add in all operating costs for that week to get a subtotal. electric and waste removal.) .

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Cash Management Point of Sale Inventory Food Truck 52

Lavu

MARCH 13, 2020

The type of diners you receive expect to wait for less, carry less cash, and demand faster service. If customers are waiting in line for a table, you can take their drink orders as they wait, and even transfer their tab to their table once seated. For all restaurants, having a mobile POS takes the pressure off your staff.

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

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Point of Sale POS Management Management 52

Xtra Chef

MARCH 30, 2020

He had an opportunity to act in the best interest of Easton and help his customers stay closer to home by coming to his cafe for groceries rather than venturing out to large, national chain stores. The apples available for sale are from Scholl Orchards out of Bethlehem, PA. And other restaurants are figuring it out,” Hoy says.

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Fast Casual Back of House White Paper Online Ordering 82

Goliath Consulting

OCTOBER 19, 2020

Meanwhile, Chipotle is testing out new restaurant designs, and now have more than a 100 “Chipotlanes,” drive-thru stores where customers can pick up their digital orders (4). DELIVERY: Food deliveries have soared in the past couple of months. This is now the new norm, and we know that some of these changes are here to stay.

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2021 Point of Sale Food Safety Kitchen Safety 135

The Restaurant Times

NOVEMBER 30, 2020

Just like any other expansion project, it takes time and effort to franchise restaurants, but that does not mean that it is an arduous process. . Before you start looking for business partners and roll out your Franchise Restaurant License, you should evaluate your business from end-to-end. Stock and Inventory Process.

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Franchise Franchising Cash Management License 52

The Restaurant Times

JULY 25, 2021

However, sales picked up post lockdown on the back of government initiatives like ‘Eat Out to Help Out’ In August 2020, online ordering expedited sales volumes, taking them above the pre-COVID levels. Source: National Event Supply. This will act as an additional revenue channel and improve cash flow.

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Online Ordering Catering Social Media Customer Service 52

Lavu

JANUARY 21, 2020

Take time to understand terms like labor costs, costs of goods sold (COGS), prime costs, revenue, balance sheet, income statement, and more. A good accountant will help you in managing finances and producing key financial statements. Make sure you note the amount of money going out every week. Track Restaurant Inventory.

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Point of Sale Inventory Restaurant Law Front of House 78

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. . Merchant Cash Advances. Types of restaurant financing.

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Cash Management Equipment Small Business Front of House 78

Modern Restaurant Management

MARCH 24, 2020

Brands, Mount Franklin Foods, US Foods, Melt Shop, FoodMaven, Nathan's Famous, Island's Fine Burgers & Drinks, Checkers & Rally’s, Lineage Logistics and Minnow. The founders of Dog Haus – Hagop Giragossian, Quasim Riaz and André Vener – are taking their gourmet hot dogs, sausages, burgers, etc.

Food Supply 101

Food Supply Kitchen Safety Cash Management Food Safety 101

The Restaurant Times

SEPTEMBER 30, 2021

Food truck businesses have never been more popular than they are now. In 2020, we saw a significant rise in the number of food trucks. Moreover, since the COVID-19 pandemic, many customers prefer to eat from food trucks rather than restaurants as they are relatively safer. 8 Things To Consider Before Starting Up A Food Truck.

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Food Truck Food License Mobile Ordering 52

The Restaurant Times

NOVEMBER 15, 2021

You work hard to train your bar staff, keep your customers happy, maintain positive distributor relationships, stay on top of your bar’s sales and inventory data, keep your establishment clean, bring in business, and reinforce the big picture of your bar, whether you’re a bar manager, beverage director, or general manager. .

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MBB Hospitality

NOVEMBER 13, 2018

It takes a strong passion for what you do to help you stick out the long hours and emotional and physical fatigue. 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.

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Management Management Social Media Cash Management 40

The Restaurant Times

JUNE 22, 2021

Some of the strengths that restaurants might have are – an innovative menu, good location, good food quality, low prices, satisfying customer service, attractive packaging, and quirky marketing. Even if controlling the weakness is out of your hands, for example, taxes and regulations, you can still try to compensate for it. .

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Point of Sale Social Media Restaurant Law Government 52

Notch

JANUARY 23, 2019

To calculate your profit margin—you take your “profit,” divide it by “how much money people spent”—and multiply it by 100 to express it as a percentage. Alcoholic beverages average out around 20%. For example, fast-food margins can be much higher than full-service restaurants. And you spent $120,000. Trends can change.

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Email Marketing Merchandise Website Management Point of Sale 72

Apicbase

JULY 20, 2023

Tight inventory management is crucial to the profitability of any restaurant business, but it’s especially important for multi-outlet businesses, where mistakes and small discrepancies are multiplied many times over. Read on to discover: What are inventory PAR levels? What Are Inventory PAR Levels?

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Inventory Food Safety Cash Management Waste 40

Notch

JANUARY 23, 2019

To calculate your profit margin—you take your “profit,” divide it by “how much money people spent”—and multiply it by 100 to express it as a percentage. Alcoholic beverages average out around 20%. For example, fast-food margins can be much higher than full-service restaurants. And you spent $120,000. Trends can change.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52