7 Shifts

NOVEMBER 22, 2021

social media marketing ) you will employ. 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. Marketing Plan : detail your pricing structure (e.g.,

Document

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

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. Hiring a Strong Team You'll need a manager, bartenders, waiters, and security. They should also be outgoing and able to socialize with customers. Step 2: Track job candidates.

Bar

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. When they put up a job ad, they don't think about it that way,” says Jack Hott, Senior Product Manager at Poached, a job board built for the restaurant industry. Get help from your team.

Hiring

EATER

MAY 31, 2023

On top of his beekeeping duties, Andrew offers bee doctor consultations, wrangles bees for media and entertainment endeavors, and leads urban honey tours. It’s getting stung, wearing clothes that are always sticky and stained, not having time for much social activity. There’s just lots to manage in order to make ends meet.

Insurance

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

7 Shifts

MAY 23, 2024

Managing a restaurant is not for the faint-hearted. A restaurant budget allows restaurant owners and managers to see directly if they are meeting their income and expense benchmarks. Promotes proactive decision-making Restaurant owners and managers must adapt quickly to be successful and retain their competitive advantage.

Point of Sale

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. Using your social media platforms to tell the story of your restaurant — its values, its key contributors, and even its struggles — can make your business more relatable.

Dietary Restrictions

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

7 Shifts

JULY 1, 2024

It also helps to research your target customers' age and social status. 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?

Bar

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

Harbor Touch

APRIL 17, 2018

Seems like a no-brainer but maintaining solid files, both physical and electronic, are critical to managing your restaurant. The business owner must deduct eight percent of employee’s sales for cash payments and rely on their POS system for credit card tips. It can be included in the cost of food or recorded separately.

Employee Relations

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

The Food Corridor

MAY 7, 2020

Update your website and social media profiles, and whether you use email, social media, or good old fashioned direct mail to let them know, make sure you open up two-way communications so information can flow both ways. Restaurant management system Upserve is offering its new ordering platform free for 12 months.

Delivery

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

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

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

The Restaurant Times

SEPTEMBER 30, 2021

It allows you to spend less cash each month. Insure your truck . However, if you don’t have the correct insurance, your food truck might cost you thousands of dollars, or perhaps put the future of your business in jeopardy in case of a mishap. Social Media . Source: LBB.

Food Truck

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

SpotOn

MARCH 25, 2024

New staff members, future guests, and the media must understand the concept. Licenses and permits  Every restaurant business has a lengthy list of licenses and insurance needed to open, serve your guests, and protect your business. Managing marketing in-house has limitations, but it can be the most affordable option.

License

Touch Bistro

SEPTEMBER 21, 2021

Management and Ownership: Provide more information about yourself and the management team you’ve assembled for your new restaurant, highlighting any relevant experience that will aid in your success. And then after you open, you might want to leverage local food influencers to grow your social media presence.

Document

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. Build your audience early.

Back of House

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

Culinary Cues

AUGUST 28, 2020

Engage in social media even more than before – post positive info daily. Social distancing is un-nerving in restaurant settings – how can you make it fun? 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.

Social Media

Modern Restaurant Management

JULY 27, 2020

When there's a major outbreak, Yelp data suggests it negatively impacts consumer interest in businesses where social distancing may be harder to enforce. Franchisors must be able to document policies and practices for sanitizing, social distancing, contactless service, use of protective gear and guest communications. "When

Franchising

Lavu

SEPTEMBER 29, 2023

Make sure that you are paying your employees a fair wage and offering competitive benefits, such as health insurance, paid time off, and retirement savings plans. Develop a strong employer brand and use multiple channels to attract talent, including social media, job boards, and networking events.

Loyalty Program

EATER

MAY 22, 2020

Breaks are longer, and every other cash register is left empty to allow space between workers. To manage crowding, all stores are limiting the number of customers that can enter at once, as well as putting up “visual cues and in-store signage” encouraging distancing, and performing “daily audits to ensure compliance.”

Employee Relations

Modern Restaurant Management

MAY 5, 2020

. “This pandemic has shed light on how technology can be used to quickly adapt core services within the food industry like delivery, fulfillment, and supply chains," said Lior Susan, Founder and Managing Partner at Eclipse. Delivery management has never been easier! Philly Restaurant Drive.

Guest Recovery

EATER

JULY 14, 2020

More than three months later, Colon, like many of his now-furloughed colleagues, is without a paycheck, without health insurance, and without any job security. “By Workers said they were told their unemployment would be temporary, and that the company would rehire workers once the social and economic climates stabilized.

Employee Relations

Ken Burgin

JANUARY 16, 2022

Many chefs, managers and business owners have built up years of experience running kitchens and restaurants. How do you respond when someone says they’re ‘sick of being a chef or manager and I want to be a consultant’? Managing cash flow once you work. Managing cash flow once you work.

Cash Management