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

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

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

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

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

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

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

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

7 Shifts

NOVEMBER 18, 2022

For owners, it'll ensure that you are more than prepared come tax season. 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.

Cash Management

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

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

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

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

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

Restaurant365

JUNE 17, 2020

The restaurant industry faces a lot of industry-specific regulations on payroll, with laws regulating hourly employee scheduling and tipped wage workers, as well as compliance with the Affordable Care Act regarding seasonal and variable hour employees. Employee insurance. Payroll taxes. Employee benefits.

Tip Distribution

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 find out what your best-selling menu items are as well as narrow down on your most costly expenses. Better assessment of each business cycle or season. Operating Cost.

Cash Management

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

Modern Restaurant Management

JULY 27, 2020

Sampson, partner at Leech Tishman in the firm’s Insurance Coverage and Litigation Practice Groups. Avoid unnecessary interactions and touching menus, credit cards, and cash. The ability to create weekly, seasonal and special order lists. Benefits for restaurants : Commission-free orders for takeout and dine-in.

Franchise

EATER

JUNE 22, 2023

Now it’s back for Season 2, which finds Carmine “Carmy” Berzatto (Jeremy Allen White) and the gang preparing to take on the only thing more challenging than turning around your family’s failing restaurant: transforming that failing restaurant into a bona fide fine dining destination. After Carmy revamps the menu, the Original Beef takes off.

Fine Dining