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

NOVEMBER 22, 2021

Marketing Plan : detail your pricing structure (e.g., 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. 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. reducing to approximately 3.0x by the end of fiscal 2021.

Bar 386

Bar Cash Management Loyalty Program Point of Sale 386

Modern Restaurant Management

JANUARY 31, 2025

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. As they grapple with rising costs across their supply chain, 71 percent of restaurants plan to increase prices this year.

Marketing 221

Marketing Loyalty Program 2024 2025 221

7 Shifts

JULY 21, 2020

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. Healthcare costs: group healthcare benefits, insurance premiums, etc. Best for: Businesses who need cash to keep their doors open and their staff employed.

Cash Management 300

Cash Management Government Small Business Healthcare 300

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. This year’s Neighborhood to Nation Contest will double the number of winners to award 20 prizes of $5,000 in cash along with a robust marketing package.

Food Safety 527

Food Safety Mobile Ordering Online Ordering Kitchen Safety 527

7 Shifts

JULY 13, 2023

Restaurant transactions have been moving away from cash and towards electronic forms of payment for years—and that's extending to tips now too. Americans who leave their tips digitally tip nearly 15% more than when they tip with cash. However, more digital tips means less cash passing through the restaurant on a daily basis.

Cash Management 195

Cash Management Back of House Training Management 195

7 Shifts

AUGUST 18, 2024

Specialty bars focus on a particular type of drink or theme, such as wine bars or cigar bars, but can be much more expensive to manage. Make sure to get quotes from multiple suppliers so you can compare prices and services. Hiring a Strong Team You'll need a manager, bartenders, waiters, and security. Keep it simple.

Bar 370

Bar License Email Marketing Customer Service 370

EATER

DECEMBER 16, 2021

Despite the fact that the pandemic put all of these workers in grave danger while they were offered none of the unemployment insurance benefits given other workers, the gig companies were able to use expensive and sophisticated propaganda to confuse voters. The manager shouted at her that she didn’t care. There’s never parking.”

Back of House 363

Back of House Delivery Employee Relations Mobile Ordering 363

Modern Restaurant Management

MARCH 25, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. These restaurants and businesses need a specialized insurance policy. The coverage sits excess of the driver's own insurance.

Online Ordering 289

Online Ordering Insurance Mobile Ordering Website Management 289

SpotOn

FEBRUARY 26, 2025

Joe Nicholson was a manager and tech consultant at one of the busiest restaurants in Sacramento, CA—Tower Cafe. Now, as a copywriter at SpotOn, he helps restaurant owners and managers learn how to run a more profitable operation. So you have your bartenders work on their pours and you raise prices on three popular reds.

Point of Sale 88

Point of Sale License Insurance POS 88

Lavu

JUNE 6, 2025

With rising ingredient prices, labor shortages, and tighter margins, operators must find strategic ways to reduce restaurant costs without compromising quality or customer experience. Discovering new ways to reduce costs in restaurant management can boost profits. Let’s dive into what really works in today’s competitive landscape.

Loyalty Program 78

Loyalty Program Waste Recycling Inventory 78

EATER

MAY 31, 2023

It’s harvesting honey, centrifuging honey, bottling honey, labeling bottles, dealing with wholesalers and market managers, cash apps and banks, insurances, clients, and schools. There’s just lots to manage in order to make ends meet.

Insurance 246

Insurance Email Marketing Cash Management 2005 246

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

ChowNow

AUGUST 23, 2024

By conducting a break-even analysis, you can make informed decisions about pricing, cost management , and overall strategy. Examples include rent, salaries, insurance, and equipment leases. Selling Price per Unit : This is the average price at which you sell your dishes. What Is a Break-even Analysis?

Point of Sale 195

Point of Sale Insurance Cash Management Equipment 195

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

SEPTEMBER 16, 2024

No matter the cause, selling a restaurant requires careful preparation and strategy to ensure you get the best price and attract the right buyer. If your business is priced too high, buyers may overlook it. Profitability Showing consistent profits and positive cash flow can increase the perceived value of your restaurant.

2024 195

2024 Document Point of Sale Cash Management 195

7 Shifts

SEPTEMBER 19, 2022

What about managers? Track and manage employee workload. What about managers? Managers fared a bit better than hourly employees—with a turnover rate of 28%. Among the over 25 sets, manager recognition (or lack thereof) was one of the top three reasons they left restaurant jobs. Back-of-House and Front-of-House.

Front of House 195

Front of House Back of House Cash Management Customer Experience 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

FEBRUARY 19, 2020

Non-controllable costs, like the fixed costs of rent, insurance, and salaries, are predictable expenses. Controllable costs, like your prime cost of food and labor, fluctuate over time with vendor prices, sales, and other external factors. Occupancy expenses: fixed costs like rent, property taxes, and insurance.

Point of Sale 120

Point of Sale Cash Management Consumer Goods Inventory 120

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

Restaurant365

MARCH 30, 2020

Expanding “off-premise” insurance coverage. Start with the following: Revisit your insurance policy. Your first step will be to call your insurance provider and inquire about on-premise versus off-premise coverage. Depending on your specific situation, expanding your insurance can add up very quickly.

Delivery 78

Delivery Operations Insurance Cash Management 78

The Food Corridor

APRIL 8, 2020

Being able to monitor and manage tenants’ movements remotely means you can be less hands-on and focus your valuable time in other areas of the business. You never know if a tenant is going to be a nightmare to manage and a security deposit gives you a little peace of mind just in case. . . Get Insurance.

Kitchen Safety 98

Kitchen Safety Insurance Food Safety Cash Management 98

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

These start-up costs can range from the real estate payments you must make to the permits and licenses you need, the supplies you have to buy for your bar, the wages you need to pay your employees, and insurance. Will you get a discount if you pay for all the supplies you bought in cash? Payment terms: Can you pay in installments?

Bar 221

Bar License Food Supply Restaurant Law 221

Hot Schedules

NOVEMBER 12, 2020

Top Five Supply Chain Management Tips. . Review your pricing and rebate deals. When negotiating with suppliers, the larger the basket that they receive, the more competitive their pricing should be. If a smaller local supplier is guaranteed business, they are likely to provide better pricing and prioritize your order.

Supplies 78

Supplies Management Management Allergens 78

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. Managing your prime cost is almost always the most direct way to maximize your net profit. Prime Cost. Operating Expenses.

Point of Sale 78

Point of Sale Cash Management Beverage Insurance 78

The Restaurant Times

MAY 31, 2021

No doubt, maintaining the quality and setting reasonable prices in the market also matters. However, setting up the business in a posh and expensive location right at the start might affect cash flow and take you longer to reach the break-even point. . The higher the crime rate, the higher the price to secure the bakery against them.

Point of Sale 69

Point of Sale Cash Management Customer Service Employee Relations 69

SpotOn

MARCH 25, 2024

." That's because determining the cost of opening a restaurant ranks at the top of "most challenging" There are so many variables when it comes to restaurant startup costs that it's impossible to put a single price on it. Depending on that concept, kitchen equipment costs will be between $50,000 and $500,000.

License 52

License Insurance Point of Sale Equipment 52

The Restaurant Times

AUGUST 5, 2022

Successful restaurant accounting can help in efficient cash management, balancing financial books, optimizing costs, and overall business planning. You can also regulate the price of your menu items once you know exactly how much each meal has cost in preparation. Automated Inventory Management. Cash Flow Statement.

Cash Management 52

Cash Management Point of Sale Inventory Employee Relations 52

The Restaurant Times

SEPTEMBER 30, 2021

It allows you to spend less cash each month. Major car manufacturers like Ford, Nissan, and Mercedes-Benz also supply food truck compatible vehicles; you’ll need to contact a local dealer for pricing and options. . Insure your truck . Source: LBB. Increasingly consumers are relying on credit, debit, and mobile wallet payments.

Food Truck 52

Food Truck Food License Mobile Ordering 52

BNG Point of Sale

AUGUST 19, 2021

Occupancy Expenses: These are fixed costs such as real estate (rent, or mortgages and property taxes) insurance, and utilities (I.e., You get a strong look at the biggest indicators for profit and how those elements are managed. How to Manage a Restaurant Balance Sheet and Cash Flow . electric and waste removal.) .

Cash Management 52

Cash Management Point of Sale Inventory Food Truck 52

Apicbase

JUNE 16, 2023

In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking. The metrics and calculations in this list will help you bring order to the chaos and manage the performance of each unit in the chain. In theory, it sounds easy. Why Are Metrics Important? That said, let’s dig in.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Open for Business

DECEMBER 12, 2023

There are some distinct advantages to creating an LLC: all members (including you) are sheltered from liability; depending on the structure, either you have all of the authority, or all members have the right to help manage the business, and there is no limit to how many shareholders you can have in an LLC. Every dollar counts.

Back of House 78

Back of House Restaurant Law Small Business Email Marketing 78

Culinary Cues

AUGUST 28, 2020

As owners, managers, and chefs – regardless of the hours that you invested in the job in the past, this is not the time to back off – this is the time to be even more present. All of this still counts! Don’t let your edge slip away. BE PRESENT. Every few weeks add another twist to what you do – keep it exciting. INVEST IN TRAINING.

Social Media 450

Social Media Communication Loyalty Program Training 450

EATER

JULY 8, 2024

In February, the FTC finished soliciting public comments on its proposed regulation to ban “deceptive acts or practices concerning fees,” better known as junk fees or drip pricing. Under this model, servers often earn a little less than they might at their city’s highest-volume, highest-priced restaurants.

Airlines 303

Airlines Tip Distribution Front of House Restaurant Law 303

EATER

MAY 3, 2021

Last summer, she quit her job at a New American restaurant in Chicago where she had worked as a manager and sommelier since 2017. He said I abandoned him and that he couldn’t trust me [or] see me as a manager anymore.”. When she came back, she noticed a shift in the way her employers treated her. “I Health care is a big part of this.

Back of House 363

Back of House Cash Management Kitchen Safety Insurance 363