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This includes higher prices and reduced cash flow. As fees accumulate, restaurant owners often have difficulty managingcash flow and may be forced to cut essential services for their employees or other overhead costs. Another consideration is switching to an interchange-plus plan.
While many restaurants have the “rear-view mirror” covered with staff accountants handling day-to-day transactions, bank reconciliations, or payroll, they often lack the strategic finance “co-pilot” who helps owners and other senior management focus on high-impact decisions that create future value.
My business plan laid out my steppingstones: open three artisanal ice cream shops, create synergy, and ride out the cash flow. Tying up all our cash into aging inventory was not going to work for us. Keeping batch sizes manageable helps preserve the artisan feel, preventing the loss of what makes a product special.
With over 25 years of experience in legal strategy, risk management and market expansion, I have had the privilege of helping brands navigate these challenges, and I would like to share a few key lessons to help restaurant operators thrive in today’s dynamic environment.
Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Effective Cash Flow Management 🔑 Learn strategies to manage your cash flow efficiently, ensuring liquidity and financial stability.
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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. However, increased investments in marketing and promotions to drive traffic could offset operational efficiency gains.
Upgrade Surveillance and Monitoring Verify that all security cameras are operational and strategically placed to cover entrances, exits, cash registers, and storage areas. Schedule additional staff to manage the flow of patrons and address issues promptly. Their visible presence also reassures customers and employees alike.
Youre not just managing food and staff, youre battling slim profit margins, high operating expenses, and constantly changing customer preferences. Poor Financial Planning The Issue: Underestimating startup costs, no cash flow buffer, and unclear budgeting. Running a restaurant is one of the most rewardingyet riskyventures out there.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the present and future of AI use in F&B, The Splintered Path to Purchase, the Datassential 500 Awards, and where chefs are earning six figures. Chick-fil-A and Starbucks show broad appeal across regional markets.
They started their first business with cash, but when it came to building The Icy Spot GA, they tapped personal credit for some of their startup costs. Strong business credit gives you access to better financing options precisely when you need them—to manage those purchases or maintain cash flow during seasonal fluctuations.
Whether for operations expansion, equipment upgrades, staff recruiting, or more marketing activity, growth calls for resources. By raising operating capacity, you can maintain efficiency while satisfying rising market needs. Good marketing plans raise awareness, build credibility, and increase revenue.
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per share in cash, a 65% premium on the company’s share price as of April 30, before media reports suggested the company was for sale. The sale comes just four years after Olo went public, and ends a difficult period on the public markets. per share for the online ordering and payment company just four years after Olo went public.
If enacted, it could change how teams are paid, how tips are reported, and how restaurants manage compliance, possibly as soon as 2026. In a competitive labor market, that could give operators a much-needed advantage in retention and hiring. Cash tips must be reported consistently. But it’s not a universal win.
The global online food delivery market size was valued at USD 221.65 Platform-to-Consumer : Where platforms like Uber Eats or Zomato connect customers to restaurants but manage delivery. The graph below illustrates how these models interact within the market: 1. credit cards, digital wallets, cash on delivery).
That led to an employee shortage, especially for high-quality and experienced management positions. People appreciate contactless service and it has become the new norm to order differently than at the front counter of a restaurant with an employee at a cash register. Technology has become a solution in staffing as well. .
By integrating it with your other systems, you are able to grow your restaurant and manage your inventory, employees, and sales data with ease. A POS system acts as a central channel for managing orders, payments, and customer interactions. Contact: heather@solvid.co.uk.
Many are facing the difficult decision to raise their retail prices , seeking new ways to streamline operations and managecash flow more effectively. Sensing opportunity in this scarcity, commodity brokers and speculative investors have increasingly bet on continued price appreciation, further accelerating market volatility.
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Smart Cost-Cutting Strategies for Restaurants Effective inventory management requires a well-trained, organized team using consistent routines, streamlined processes, accurate par levels, menu cross-utilization, and reliable inventory software to minimize waste and maintain efficiency.
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Lavu helps restaurants improve efficiency, manage growth, and enhance customer service. It’s a cloud-based POS system tailored for restaurants, offering tools like inventory management, employee scheduling , and CRM. One standout feature is its dual pricing, which encourages cash payments to help cut credit card processing fees.
Embracing a monthly accounting cycle allows restaurateurs to stay perpetually ahead of tax obligations, identify and manage expenses proactively, and arm themselves with the real-time data needed for astute operational decision-making. That’s akin to managing a restaurant without monthly accounting.
With margins and cash flow stretched thin, a machine that just roasts coffee is no longer enough; today’s roasters are increasingly demanding more from their equipment. Price volatility has continued into 2025, with the new floor for the C market now estimated at around US $4/lb.
This article breaks down how to manage ingredient costs, reduce waste, and optimize menu pricing using modern tools like POS systems. Factors like raw ingredient costs, portion sizes, waste management, menu pricing, and preparation expenses all contribute to keeping Cost of Goods Sold (CoGS) below 31% of revenue [3].
Proper cost tracking helps you set profitable menu prices, cut expenses, and manage inventory efficiently. Cloud-based POS systems like Lavu are a popular choice because they combine inventory management with real-time cost tracking. Want to boost your restaurant’s profits ? Start tracking ingredient costs.
A modern POS system for bars goes beyond just processing paymentsit helps with inventory management, staff scheduling, and real-time sales tracking. Lavu x O’Maddy’s Installation Bars require a POS system that supports quick transaction processing, preauthorization, and dual cash drawers for smooth operations.
These reports help you understand sales trends, manage inventory, optimize staffing, and improve customer satisfaction. Product mix reports also help you manage inventory smarter. This approach not only reduces waste but also helps streamline menu planning and stock management. Want to improve your restaurants performance?
11, 2025 Facebook Twitter LinkedIn 7-Eleven is among the growing list of retailers and restaurants offering deals to lure cash-strapped consumers this summer. marketing retail News Heather Lalley is the managing editor of Restaurant Business, Foodservice Director and CSP Daily news. By Heather Lalley on Jun. Sign up here.
POS systems do more than handle payments they utilize POS data to help restaurants analyze and manage seasonal sales trends. By leveraging POS data, restaurants can adjust inventory, staffing, and marketing strategies to maximize profits during busy periods and minimize waste during slow seasons.
For the restaurant industry, it can be challenging to manage. When you have a reservation and waitlist platform , you can manage your unique experiences, reservations, and your waitlist all from just one place. Use labor management software that integrates with your POS system to forecast staffing needs and minimize labor costs.
This kind of volatility is a strong sign that cash flow is tight and the company is having trouble making on-time payments." " Bhalla also told Modern Restaurant Management (MRM) magazine that outstanding bills have been falling into the past due category for the last 12 months. " percent year-over-year.
Cloud-Based POS Systems are transforming how restaurants operate by enabling remote management, faster updates, and seamless integration with other tools. From streamlining orders to managing inventory and staff, these systems provide the tools restaurant owners need to stay competitive in 2025 and beyond.
Of course, it’s essential for most businesses to accept cash payments in some situations. The Cashless Restaurant Revolution: Why Restaurants Are Going Cashless in 2025 In the ever-evolving landscape of the restaurant industry, the concept of not leading with a “pay with cash” option has emerged as a transformative trend.
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From managing orders and tracking inventory to analyzing sales data in real time, today’s POS systems are essential tools for restaurants of all sizes. Historically, cash registers in restaurants served one purpose. They managed customer payment and provided change when needed. Wondering what is a POS system for a restaurant?
That means many point-of-sale system functions can be completed from anywhere you have cell reception or WiFi, allowing operators to access reports, change menus, and monitor inventory management on the go. Marketing and loyalty tools, websites, online ordering, and delivery are all different line items that are sometimes bundled together.
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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. Gross sales are used to identify trends, seasonal shifts, and the impact of marketing campaigns.
Specialty coffee operates outside the C market, but it is heavily influenced by broader market movements. Understanding the volatility of coffee prices The global coffee industry has recently navigated an extended period of high market prices. Eggs in the US market are a prime example. lb in February 2025.
From setting up a system, managing labor costs, to forecasting and financial strategy, it’s all covered here. Key Takeaways Establishing a comprehensive restaurant cost accounting system is crucial for tracking profits, managingcash flow, and ensuring financial health. But what’s the real kicker?
Understanding what drives these price changes, how coffee consumers are responding, and what alternatives exist is essential for businesses aiming to remain sustainable in a volatile market. One major challenge is that prices, once raised, can rarely be lowered again, even if market conditions improve.
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