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Running a successful restaurant isn’t just about great food and service—it’s also about smart financial management. Restaurant accounting tips plays a crucial role in tracking expenses, managingcash flow, and maximizing profitability. You cannot manage your restaurant properly without going into the accounting details.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of dramatic Valentine's Day shift, best food scenes, and the evolution of c-store foodservice. Food-away-from-home spending is likely to see modest growth as softer consumer spending patterns prevail.
With technology playing a bigger role in dining, your POS system needs to handle payments, manage orders, track inventory, and even help with staff scheduling. Mobile POS : Perfect for foodtrucks, pop-ups, or tableside service. This makes it easier to manage loyalty programs and streamline operations.
From managing orders and tracking inventory to analyzing sales data in real time, today’s POS systems are essential tools for restaurants of all sizes. Historically, cash registers in restaurants served one purpose. They managed customer payment and provided change when needed. The process allows cooks to make food faster.
From faster service to real-time inventory tracking, modern restaurants need more than just a cash registerthey need a system that adapts to their workflow. Here’s how: Manage orders seamlessly : Handle dine-in, takeout, and delivery orders without chaos. Running a restaurant is hard – but Lavu POS makes it easier.
SaaS POS systems offer a flexible, cloud-based solution that helps restaurants streamline operations, reduce costs, and scale with ease. Unlike traditional setups, these systems provide real-time access to data, seamless updates, and remote management—making them ideal for today’s fast-paced food service environment.
Cloud-Based POS Systems are transforming how restaurants operate by enabling remote management, faster updates, and seamless integration with other tools. Unlike traditional systems, cloud-based solutions offer greater flexibility, scalability, and security, making them ideal for modern restaurant operations.
As whispers of an economic slowdown grow louder and fears of rising prices for food and equipment continue to rise, many shared kitchen operators are asking the same question: How can we stay resilient if a recession hits? Streamline Costs and Tighten Operations Small leaks sink big ships. Focus on fundamentals. Stay nimble.
That’s why more restaurant owners are turning to an iPad restaurant POS system to modernize operations, reduce costs, and enhance customer service. Whether you run a quick-service café or a full-service restaurant, switching to an iPad POS system in 2025 can streamline everything from order-taking to inventory management.
A powerful solution that streamlines operations, reduces errors, and enhances the customer experience. As we move through 2025, this integrated system enables restaurants to manage every transaction—from online orders to in-store purchases—through a single, seamless platform. The result?
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The right POS setup can make it easier to take orders, manage staff, track sales, and keep customers happy. Instead, the system offers customers a cash discount, helping you protect your profit margins and reduce operating costswithout compromising on service. Key Features to Look For : Cloud-based systems for remote management.
The right system does more than process payments—it streamlines operations, manages inventory, tracks sales, and enhances the customer experience. The biggest reasons to have a POS are to streamline your restaurant operations, improve guest experience, and keep more profits in your account. What Is Restaurant POS Software?
The island has been growing coffee since the 1730s , when Spanish colonial powers introduced it as a cash crop. We needed to support these communities, providing them food and essential amenities, so that they would stay, and the farmers in the area would be motivated to replant their farms.” At its peak, Puerto Rico grew over 13.6
Operating margin slipped to 24.2% Black Sheep operates 106 UK stores, including 54 in London. Kansas City, US) Thu, 5, Jun – Löfbergs appoints Henrik Biilmann as Managing Director of Peter Larsen Kaffe. Copenhagen, Denmark) Thu, 5 Jun – Starbucks names Mike Grams as Chief Operating Officer. to RMB 677.3
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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. General Mills Foodservice' s Neighborhood to Nation Restaurant Recipe Contest will award $100,000 to restaurants and foodtrucks nationwide.
Inefficient restaurant inventory management practices, improper storage, gaps in inventory logs, theft, and waste can cause even the most successful kitchens to struggle or fail. Below are the top seven inventory management mistakes restaurants are making, and how to correct them. Reduce the number of deliveries as often as possible.
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Food prices are soaring amidst supply chain disruptions, increasing labor costs, and processing plant shutdowns. The food service industry is scrambling to keep up with these new costs, pushing the price of a restaurant meal to a 40-year high. Restaurants must keep innovating to elevate the diner experience. First-Rate Service.
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? In 2020 the restaurant industry learned that offering delivery and running an efficient operation is necessary to stay alive.
To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. is the first single-vendor solution combining apps to streamline and improve restaurant operations in one fully integrated platform.
Solution: Team management software that handles scheduling, time clocking, and payroll in one place. Problem When Avery came back to the business, the restaurant was still operating with manual processes. That's why they were excited when 7shifts, their team management software, added payroll to the platform.
Their primary purpose is to guide businesses in running a smooth operation. We’ll go over the five important things you should include: Restaurant Concept Thousands of restaurants operate each day. Market Analysis A market analysis is a thorough examination of the market in which you want to operate.
Modern Restaurant Management (MRM) magazine asked restaurant industry movers and shakers: "What do you feel is going to cause disruption in the restaurant industry over the next decade?” Over the next decade, a generation passionate about health and wellness will demand restaurants be transparent about food from farm to table.
Mike Bausch and his brother Jim opened their first location, Andolini's Pizzeria , in 2005, and have since expanded the business to include multiple locations of Andolini's as well as other restaurant concepts including pizzerias, slice shops, foodtrucks, and fine dining restaurants. Table of Contents. Scheduling 300-plus employees.
Modern Restaurat Management (MRM) magazine is collaborating with the team at MarketScale on The Main Course , a podcast that aims to explore the intense and competitive modern restaurant industry. "We Barbara Castiglia , MODERATOR – Modern Restaurant Management. US Foods Ghost Kitchens. US Foods Holding Corp.
The team at Ike’s Love & Sandwiches, led by CEO Michael Goldberg, Founder Ike Shehadeh, CMO Renae Scott and VP of Development Adam Rinella, will be taking over development, operations, and marketing for all future Bangin’ Buns locations. Real Food at BK.
From small business loans to microgrants to business credit cards, cash is available; it just takes a bit of application work and a little know-how. Best for: Businesses who need cash to keep their doors open and their staff employed. Best for: Small businesses that need substantial cash to do big things.
Since the acquisition, SALIDO has operated in stealth mode, strengthening its product team, focusing on product development, and introducing many key features. Additionally, SALIDO has launched integrations like Oracle OPERA to support the evolving needs of SALIDO’s hospitality operators during this challenging time.
15 percent have ordered alcoholic beverages with food for delivery or takeout, on par with the 18 percent of Canadians that say they’re likely to do this. It is expected alcohol sales will grow as suppliers and operators adapt packing and pricing models to bolster alcohol sales with delivery. Delivering Excellence.
Owning any business is a complicated venture, but the food industry is particularly competitive. Foodtrucks are becoming an increasingly trendy way to sell food, and for good reason. By managing to successfully run a foodtruck, you cut a lot of maintenance, utility, and wage expenses that come with owning a restaurant.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features some surveys surrounding Coronavirus and the restaurant industry, the best locations for chefs, online payment fraud and top trends for QSRs. COVID-19 Foot Traffic at QSRs. However, they believe it signals the absolute need to refine our thinking.
The cost of goods sold (COGS) is a restaurant metric that shows you the cost of all ingredients used to prepare a menu item, including the food, beverage costs, and other direct expenses. Efficiently managing labor can help you keep your restaurant COGS under control. What is cost of goods sold (COGS)?
But every food business is different. The answer will depend on the dark kitchen business model you decide to operate with. The ghost kitchen model is appealing to those who are strapped for cash and want to open a low-risk business with minimal overheads. The foodtruckoperator looking to scale.
Hours-late delivery trucks that are making you bite through the side of your desk because all your steaks are in them… But there you are, as cool as a cucumber, solving problems on the fly. But… Purchasing (or procurement… never ‘buying’) is such a fiddly part of restaurant operations that it pays to be at the top of your game at all times.
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. Operating from San Francisco and the Greater Bay Area, we now service more than 10% of independent restaurants in the region. Solving Restaurants’ Most Pressing Problems.
Foodtruck businesses have never been more popular than they are now. In 2020, we saw a significant rise in the number of foodtrucks. Moreover, since the COVID-19 pandemic, many customers prefer to eat from foodtrucks rather than restaurants as they are relatively safer. Think About What You Like .
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When you think about it, creating a business budget is probably one of the least exciting responsibilities of being a manager or an owner. In this article, the management experts at Sling discuss budgeting 101 and give you tips on how to build a business budget for your company, regardless of size. 3) Divide Expenses Into Categories.
People love your food, and they want it outside your restaurant, too. You have a restaurant, and people already love your food. The most important thing to consider is whether or not you have the resources to manage the added work. Things to think about include: Who will manage the catering operations?
People are eating more and craving comfort foods during the winter months. With ordering takeout and food for delivery at an all-time high already, the cold winter months only exacerbate the trend – as most people are going out less in the cold weather. The nights are drawing in and temperatures are dropping across the United States.
For food producers with limited resources, it can seem impossible to find a kitchen to rent that doesn’t completely destroy your limited margins. A commissary kitchen is a shared kitchen where space can be rented by the hour, or on a more permanent basis, for food storage, preparation, and cooking. Who Uses Commissary Kitchens?
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