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 Cash Management Front of House 109

Harbor Touch

NOVEMBER 21, 2022

There may be special licenses or permits you will need in order to open your bar. Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. Depending on your state or city, you may need a liquor license, beer, and wine permit, or a special restaurant license.

Bar 78

Bar License Restaurant Law POS 78

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. Like accounting in other industries, restaurant accounting typically breaks down expenses into controllable and non-controllable costs.

Point of Sale 120

Point of Sale Cash Management Inventory Consumer Goods 120

Harbor Touch

APRIL 17, 2018

With restaurant taxes , you have some special tax considerations that are different from other business types. Seems like a no-brainer but maintaining solid files, both physical and electronic, are critical to managing your restaurant. With Tax Day approaching, many people are getting the final touches done on their submittals.

Employee Relations 97

Employee Relations Insurance Point of Sale Cash Management 97

The Food Corridor

NOVEMBER 29, 2022

While pre-payment for monthly plans is a best practice for kitchen cash flow purposes, do what works best for your kitchen and clientele. You will also want to outline the types of payment methods you accept (checks, cash, credit card, automatic clearing house) and how the client can get the payment to you.

Equipment 52

Equipment Food Supply Book Kitchen Safety 52

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. Tailoring experiences to individual guests can make them feel special and appreciated, rather than just another faceless diner. This doesn’t just mean accepting debit or credit cards.

Dietary Restrictions 59

Dietary Restrictions Customer Experience Social Media Customer Service 59

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 87

Online Ordering Insurance Mobile Ordering Website Management 87

EATER

NOVEMBER 1, 2022

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. And when customers don’t tip, servers can end up paying out of pocket to pad a manager’s paychecks. There’s no health insurance.

Mobile Ordering 120

Mobile Ordering Customer Service Food Order Online Ordering 120

Restaurant365

JUNE 17, 2020

Employee insurance. In general, this is how different industry segments compare: 25%: quick service restaurants (less specialized labor and faster customer transactions). Scheduling software can also help save time for your in-house management team, freeing managers up to complete more valuable tasks. Payroll taxes.

Tip Distribution 78

Tip Distribution Point of Sale Employee Relations Restaurant Law 78

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. Special budgeting considerations due to COVID-19.

Point of Sale 78

Point of Sale Email Marketing Cash Management Advertising 78

Lavu

JANUARY 21, 2020

Hire a Professional Specializing in Restaurant Accounting. A good accountant will help you in managing finances and producing key financial statements. Since accounting in the restaurant industry is quite different from other industries, look for someone who has experience or specialization in restaurant accounting.

Point of Sale 78

Point of Sale Inventory Restaurant Law Front of House 78

The Food Corridor

MAY 7, 2020

Other considerations are driver insurance, rigorous hygiene guidelines, and offering contactless deliveries. Or a special offer of free delivery on second or thirds orders. Restaurant management system Upserve is offering its new ordering platform free for 12 months. Be mindful of the extra costs. Online Ordering.

Delivery 98

Delivery Food Online Ordering Email Marketing 98

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. Insurance: Ensure you follow mandatory restaurant insurance requirements and research any other special coverage you may need.

Document 52

Document License Download Insurance 52

Touch Bistro

APRIL 13, 2021

As you can imagine, payroll is a pretty important part of restaurant management and there is a lot of responsibility attached to proper compliance, including: The timely and accurate payment of employees Avoidance of fees, fines, and legal troubles Proper calculation of taxes Maintaining an accurate record of employee earnings.

Tip Distribution 54

Tip Distribution Employee Relations Restaurant Law Cash Management 54

7 Shifts

MAY 26, 2021

Instead, they partner with SBA-approved banks that foot the actual cash to qualifying small businesses. However, restaurants fall into a special category, and that means you're eligible to borrow up to 3.5x However, restaurants fall into a special category, and that means you're eligible to borrow up to 3.5x Yes, it is!

2021 195

2021 Cash Management Document Employee Relations 195

SpotOn

MARCH 25, 2024

Licenses and permits  Every restaurant business has a lengthy list of licenses and insurance needed to open, serve your guests, and protect your business. When you have found the perfect commercial space, hire an attorney specializing in negotiating lease terms.

License 52

License Insurance Point of Sale Equipment 52

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. Now available through Grubhub, it is a delivery-only concept that specializes in antibiotic-free, oven-baked, boneless chicken bites. Credit: Tyga Bites.

Food Safety 184

Food Safety Mobile Ordering Online Ordering Kitchen Safety 184

Modern Restaurant Management

APRIL 21, 2023

Because restaurants and bars can accumulate a large amount of cash during daily operations, they are attractive targets for criminal activity. Enact Smart Money Management Policies Even though debit and credit card payments are popular payment choices, restaurants and bars still ring up a fair number of cash transactions.

Bar 98

Bar Cash Management Employee Relations Tip Distribution 98

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

Restaurant365

APRIL 15, 2021

This data indicates the state of your restaurant’s financial health, and it can even help you and your managers understand where you can start improving profitability. The sales category may also include other information that affects sales, such as comps and discounts given out by managers at different locations. Prime Cost.

Point of Sale 78

Point of Sale Cash Management Beverage Insurance 78

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 115

Bar Cash Management Loyalty Program Point of Sale 115

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.

Back of House 78

Back of House Restaurant Law Email Marketing Small Business 78

Modern Restaurant Management

JULY 27, 2020

Sampson, partner at Leech Tishman in the firm’s Insurance Coverage and Litigation Practice Groups. Guests scan a special QR code near the entrance or at the table. Avoid unnecessary interactions and touching menus, credit cards, and cash. The ability to create weekly, seasonal and special order lists.

Franchise 133

Franchise Franchising Mobile Ordering Kitchen Safety 133

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!

Guest Recovery 101

Guest Recovery Food Safety Loyalty Program Point of Sale 101