Modern Restaurant Management

MARCH 11, 2025

From a legal perspective, Insurance : the pandemic highlighted the limitations of insurance policies. Several high-profile restaurant groups brought litigation against insurance companies for their coverage position, but were ultimately unsuccessful. Innovate or die was the new mantra.

Mobile Ordering 418

Mobile Ordering Kitchen Safety Fine Dining Food Safety 418

ChowNow

AUGUST 19, 2024

Whether you’re a roadside fruit stand or a Michelin star restaurant, cash flow management is crucial. It doesn’t matter how fine-tuned your menu is or how much marketing buzz you have if you’re spending more money than you’re earning. What is Cash Flow? This is called positive cash flow.

Cash Management 195

Cash Management Management Management Inventory 195

Modern Restaurant Management

DECEMBER 10, 2019

According to a study, 82 percent of small businesses fail due to cash flow problems. A cash flow shortage occurs when more money is flowing out of the business than is flowing into it. During a cash flow shortage, you might not have enough capital to cover your payroll or other operating expenses.

Cash Management 312

Cash Management Seasonal Menu Social Media Small Business 312

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 585

Food Safety Kitchen Safety Small Business Employee Relations 585

7 Shifts

AUGUST 2, 2024

By tracking metrics like customer retention and employee turnover rate, contribution margin, and menu item profitability, restaurant managers can identify each area’s strengths and what areas need improvement. Use this data to establish clear and specific goals and adjust your strategies as needed.

Point of Sale 397

Point of Sale Inventory Seasonal Menu Cash Management 397

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. “I wanted to make sure the whole menu, flavors, and even the packaging was on point,” said Tyga. I even threw in some chocolate chip cookies for dessert.”

Food Safety 527

Food Safety Mobile Ordering Online Ordering Kitchen Safety 527

7 Shifts

NOVEMBER 22, 2021

premium pricing), your location, your menu, and the promotional strategies (e.g., Management Team : document your team and why they have the experience and expertise to make your restaurant a success. This means the bank is partially "insured" in case somebody is unable to repay them. social media marketing ) you will employ.

Document 393

Document Small Business Cash Management Take-out 393

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 386

Bar Cash Management Loyalty Program Point of Sale 386

7 Shifts

AUGUST 18, 2024

But the challenges don’t stop there—once open you have to focus on improving processes, managing labor schedules, and controlling restaurant costs. Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. This is only a guideline.

License 370

License Equipment POS Food Supply 370

7 Shifts

JULY 5, 2024

Running a restaurant is not just about serving great food; it’s also about managing finances. For instance, if your restaurant P&L statement shows that your food costs are 40% of your revenue, which is higher than the industry average of 30%, you can start by analyzing your menu and identifying high-cost, low-profit items.

Cash Management 243

Cash Management Inventory Seasonal Menu Beverage 243

7 Shifts

AUGUST 18, 2024

This document will outline your bar's concept, menu, marketing strategy, and financial projections. Choosing Your Concept & Bar Type Defining your concept Your concept is the main idea or theme and includes service style, cuisine, menu, and music. Hiring a Strong Team You'll need a manager, bartenders, waiters, and security.

Bar 370

Bar License Email Marketing Customer Service 370

7 Shifts

APRIL 23, 2021

The past year has turned servers into expert delivery packers, challenge chefs' creativity, and flipped the role of a restaurant manager on its head. Do you need a prep cook or a chef to help develop a new patio menu ? Benefits like health insurance, pet insurance, or retirement plans. Paid vacation and sick days.

Hiring 370

Hiring Front of House Back of House Food Safety 370

7 Shifts

MAY 1, 2024

Table of Contents 5 easy steps to simplify bookkeeping in the restaurant industry Essential accounting and bookkeeping reports for restaurant owners and managers Identifying and reducing controllable costs in the restaurant business Should I outsource restaurant bookkeeping or do it myself?

Cash Management 221

Cash Management Employee Relations Inventory Beverage 221

EATER

NOVEMBER 1, 2022

Diners would sit down and immediately download an app to browse the menu, place their order, and pay with a credit card, all on their phones. And while digital payment systems increase tipping rates , it can be impossible to know how much of your tip will make it into the server’s hands, unlike with old-fashioned cash.

Mobile Ordering 328

Mobile Ordering Food Order Customer Service Online Ordering 328

7 Shifts

NOVEMBER 18, 2022

More tip management resources. Passing part of this cost directly to tipping customers allows restaurants to retain more capital; it makes it easier to keep menu prices lower, hire additional staff , enable investments in your team, and expand your business. leaves a minimum cash wage of $5.76 ($10.88 - $5.12).

Cash Management 195

Cash Management Restaurant Law Back of House Customer Service 195

7 Shifts

MAY 23, 2024

Managing a restaurant is not for the faint-hearted. Food cost percentage When deciding how much to price your menu items, TouchBistro advises keeping the food cost percentage anywhere between 20% and 40%. A restaurant budget allows restaurant owners and managers to see directly if they are meeting their income and expense benchmarks.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Employee Relations 221

7 Shifts

SEPTEMBER 16, 2024

The goal is to determine the total amount of cash flow that will be available to the new owner after accounting for these types of expenses. Profitability Showing consistent profits and positive cash flow can increase the perceived value of your restaurant.

2024 195

2024 Document Cash Management Point of Sale 195

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

JUNE 2, 2020

You can’t run a restaurant without employees, which means that processing payroll is an essential task for restaurant owners, operators, and managers. When you have restaurants in multiple states and cities, the difficulties of managing your payroll are multiplied. What percentage of sales should payroll be?

Tip Distribution 109

Tip Distribution Restaurant Law Front of House Cash Management 109

The Rail

JUNE 19, 2023

Offering a range of cashless payment options can help meet the needs of the increasing number of people choosing not to carry cash with them. Perhaps provide your catering services for charitable events or give staff and management paid time off to volunteer for activities. Note where products come from in your menu descriptions.

Dietary Restrictions 147

Dietary Restrictions Customer Experience Social Media Customer Service 147

Lavu

MAY 30, 2025

You need to carefully manage your spending and reduce restaurant overhead costs whenever you can. You can cut these costs by offering a cash discount program. A cash discount program avoids credit card processing fees by rewarding customers for paying in cash. It allows both restaurants and customers to save.

Cash Management 78

Cash Management Online Ordering Waste Employee Relations 78

Lavu

NOVEMBER 8, 2019

As the owner or manager of a restaurant, when you’re aiming to grow profitability, accounting is an area where you need to be comfortable. It might be considered the most dreaded part of running your business, but to be profitable and to manage the money, there’s no way it can be avoided. Unavoidable Restaurant Expenses.

Management 101

Management Management Food Truck Cash Management 101

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

Restaurant365

FEBRUARY 19, 2020

Non-controllable costs, like the fixed costs of rent, insurance, and salaries, are predictable expenses. Occupancy expenses: fixed costs like rent, property taxes, and insurance. The POS system has real-time, detailed snapshots of daily sales, menu performance, and labor cost metrics.

Point of Sale 120

Point of Sale Cash Management Consumer Goods Inventory 120

Restaurant365

MARCH 30, 2020

Using existing staff to do delivery “in-house” While using your staff for delivery may seem like the obvious choice, there are many regulatory, overhead, labor cost, and menu factors to consider. Expanding “off-premise” insurance coverage. Start with the following: Revisit your insurance policy.

Delivery 78

Delivery Operations Insurance Cash Management 78

Cheetah

OCTOBER 3, 2020

Now that indoor dining is once again allowed, waitstaff, cooks and sanitation workers are asked to come back to work with no changes to their compensations, health insurance or paycheck. Although diners end up paying the same price for the meal, this might make your menu seem more expensive. Indoor Dining and Social Distancing.

Inventory 78

Inventory Insurance Cash Management Point of Sale 78

7 Shifts

JULY 1, 2024

Your business name will also appear on your marketing materials, staff uniforms, menu, social media accounts, and advertisements, so make sure it isn't too long or complicated. Will you get a discount if you pay for all the supplies you bought in cash? Then, trademark it to ensure it's protected and cannot be used by other businesses.

Bar 221

Bar License Food Supply Restaurant Law 221

Restaurant365

APRIL 15, 2021

The numbers from your P&L can help you identify what is helping or hurting your business, enabling data-driven decisions about cutting food costs, adjusting labor scheduling, or changing menu prices. The revenue calculation pulls from restaurant menu sales data. Prime Cost.

Point of Sale 78

Point of Sale Cash Management Beverage Insurance 78

Restaurant365

OCTOBER 22, 2021

Having access to data about your restaurant can inform your decisions about operations, staffing, menu changes, and long-term strategy. For any specific period, you can calculate your total labor cost with the following formula: Employee Wages + Payroll Taxes + Benefits + Insurance = Total Labor Cost. How to calculate net profit.

Point of Sale 78

Point of Sale Insurance Inventory Cash Management 78

The Food Corridor

MAY 7, 2020

Create a Streamlined Delivery Menu. Your delivery menu needs to be focused and full of favorites. Build your menu around what your best customers repeatedly order and optimize it for maximum efficiency. Other considerations are driver insurance, rigorous hygiene guidelines, and offering contactless deliveries.

Delivery 98

Delivery Online Ordering Food Email Marketing 98

Harbor Touch

NOVEMBER 21, 2022

Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. On the other hand, you may need to hire a manager and/or assistant manager to help with the day-to-day operations. There may be special licenses or permits you will need in order to open your bar.

Bar 78

Bar License Restaurant Law POS 78

Harbor Touch

NOVEMBER 21, 2022

Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. On the other hand, you may need to hire a manager and/or assistant manager to help with the day-to-day operations. There may be special licenses or permits you will need in order to open your bar.

Bar 78

Bar License Restaurant Law POS 78

Harbor Touch

NOVEMBER 21, 2022

Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. On the other hand, you may need to hire a manager and/or assistant manager to help with the day-to-day operations. There may be special licenses or permits you will need in order to open your bar.

Bar 78

Bar License Restaurant Law POS 78

Restaurant365

JUNE 17, 2020

Employee insurance. For instance, quick service restaurants, with more pre-made product and counter service, tend to have a lower labor cost percentage than full-service restaurants with table service and menu items made from scratch. 25-30%: casual dining (depending on the menu and methods of service). Payroll taxes.

Tip Distribution 78

Tip Distribution Point of Sale Employee Relations Restaurant Law 78

Sling

AUGUST 1, 2024

Use reliable software Regardless of whether you hire a full – or part-time accountant to manage the operation’s finances, it’s important to use reliable restaurant accounting software to keep track of your income and expenses. add another table or use smaller and more stools at the bar) in order to boost revenue.

Management 78

Management Management Cash Management Seating 78

The Restaurant Times

SEPTEMBER 30, 2021

If you have a mouth-watering menu and a sense of location as to where you want to start, you have got the cards right. To begin, you’ll need a customized menu idea and a few tried-and-true items. It allows you to spend less cash each month. Insure your truck . Source: LBB. Chose A POS System .

Food Truck 52

Food Truck Food License Mobile Ordering 52

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. And yet, in times of uncertainty, like the COVID-19.

Point of Sale 78

Point of Sale Email Marketing Advertising Cash Management 78