Modern Restaurant Management

MARCH 20, 2023

For example, you might use your best-seller to lead your next marketing campaign or decide to replace a dish that isn't providing enough return. You’ll know when to recruit more staff to deal with demand and when to hold off on ordering more stock. A cash flow statement details what this flow looks like for your restaurant.

Cash Management 488

Cash Management Point of Sale Consumer Goods Sourcing 488

Culinary Cues

MAY 13, 2023

Each of those “departments” will require some level of unique kitchen management (sous chef) and specialists to support the uniqueness of function. As long as the checkbook has a credit balance they are in good shape (until predictable sales slump and cash flow turns the corner).

Hotels 505

Hotels Point of Sale Cash Management Training 505

Modern Restaurant Management

DECEMBER 14, 2021

Managers lack the tools to properly schedule employees and plan for shifting consumer demands, and as a result, businesses are paying for redundant overworked labor, or having to manage with inadequate labor due to hiring challenges. Rick Camac, Dean of Restaurant & Hospitality Management at the Institute of Culinary Education.

2022 474

2022 Food Supply Mobile Ordering Customer Experience 474

7 Shifts

DECEMBER 3, 2019

Will the concept appeal to people in this market? While some of the contents of your previous business plan(s) may be applicable—such as your menu items and your branding—your location-based market analysis, operations plan, and financials section should be entirely different from previous plans. Why or why not? If so, when?

Franchise 368

Franchise Franchising Audits Point of Sale 368

7 Shifts

FEBRUARY 12, 2021

See What Your Local Market Looks Like. For example, a restaurant that does $1 million would look to sell from anywhere between $250,000 and $400,000, depending on the area and market With restaurant startup costs as high as they are, there are clear benefits of buying an existing restaurant over starting from scratch.

License 444

License Equipment Certification Take-out 444

Modern Restaurant Management

FEBRUARY 18, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry movers and shakers: "What do you feel is going to cause disruption in the restaurant industry over the next decade?” One great thing about the online delivery market is that it produces massive amounts of data. Store schedules and labor management.

Mobile Ordering 539

Mobile Ordering Front of House Customer Service Customer Experience 539

Modern Restaurant Management

OCTOBER 19, 2023

But it’s not just newbies to franchising – or restaurant franchises themselves, for that matter – that need to stay on top of the management intricacies that characterize the business. Brokers are having to go to the excess and surplus market to get the franchisor-required limits.

Insurance 251

Insurance Franchise Franchising Document 251

Modern Restaurant Management

NOVEMBER 27, 2024

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of Drinksgiving and Thanksgiving trends, FSR challenges, and "out-of-the-box" dining habits. AI usage has also skyrocketed, primarily in the back-of-house. Restaurant Workforce Report The restaurant industry grew overall by 1.72

2025 221

2025 Loyalty Program Back of House 2024 221

Modern Restaurant Management

MARCH 16, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features some surveys surrounding Coronavirus and the restaurant industry, the best locations for chefs, online payment fraud and top trends for QSRs. ” Location Data and QSR Marketing. COVID-19 Foot Traffic at QSRs.

Mobile Ordering 305

Mobile Ordering Online Ordering Point of Sale POS 305

Gecko Hospitality

DECEMBER 15, 2022

When you are recruiting talent for your business, you learn that people come in different shapes, sizes, education, and experience. These differences between members of generational groups in the hospitality workplace call for new industry-specific strategies in recruiting. The Recruiting Challenges. Understanding Generations.

Recruiting 98

Recruiting Hospitality Hiring Website Management 98

Modern Restaurant Management

SEPTEMBER 15, 2020

SALIDO leverages design, data, and workflow management to optimize both front- and back-end operations. SALIDO continues to execute on its hiring plans to recruit and invest in talent across their Product, Engineering, Customer Experience, and Sales Teams. ” says John Cocker, FOODWORKS’s president.

Fast Casual 405

Fast Casual Casual Menu Mobile Ordering 405

Black Box Intelligence

AUGUST 5, 2021

With fewer workers on the market, service businesses of all kinds are competing for a smaller talent pool. To overcome these issues, recruiters are getting creative , offering perks ranging from interview bonuses to competitive benefits. The state of staffing and recruiting. So, what can you do to recruit successfully?

Recruiting 102

Recruiting 2021 Management Management 102

Black Box Intelligence

AUGUST 5, 2021

With fewer workers on the market, service businesses of all kinds are competing for a smaller talent pool. To overcome these issues, recruiters are getting creative , offering perks ranging from interview bonuses to competitive benefits. The state of staffing and recruiting. So, what can you do to recruit successfully?

Recruiting 98

Recruiting 2021 Management Management 98

Embrace the Suck

APRIL 18, 2022

I can tell you from working with over 2200 independent restaurants over the last 12 years that in any market regardless of current economic conditions…a lot of restaurants struggle (20%), and some just survive (60%). And that is the reason their marketing sucks. Marketing pros call this your USP or Unique Selling Proposition.

Social Media 221

Social Media Recruiting Online Ordering Point of Sale 221

Modern Restaurant Management

FEBRUARY 21, 2020

Modern Restaurant Management (MRM) magazine's People & Places column features news of company hires and promotions, charitable efforts and product introductions. Now, 20 years later, Sushi Maki has 22 locations throughout South Florida and an impressive relationship with Whole Foods Markets providing sustainable seafood sushi.

Brewery 348

Brewery Design Food Supply Equipment 348

EATER

MAY 16, 2024

“We would see employees on the right track, getting experience, starting to get to the next level, meaning a management promotion, and then child care would fall through,” says Marcus. Which, as an employee is one thing, but once you get into management, the stakes get higher. Then they couldn’t get to work on time.

Employee Relations 308

Employee Relations Government Hospitality Take-out 308

Paper Chase Accountancy

JUNE 12, 2025

The use of advanced technologies like AI and machine learning in financial management can unlock growth by providing real-time insights for decision-making. These hospitality finance solutions assist in tracking revenue, managing expenses, and ensuring compliance with industry regulations. Learn more about our Accounting Services !

Hotels 52

Hotels Hospitality Cash Management Customer Service 52

7 Shifts

FEBRUARY 12, 2021

See What Your Local Market Looks Like. For example, a restaurant that does $1 million would look to sell from anywhere between $250,000 and $400,000, depending on the area and market With restaurant startup costs as high as they are, there are clear benefits of buying an existing restaurant over starting from scratch.

License 195

License Equipment Certification Take-out 195

Lavu

NOVEMBER 1, 2023

Food delivery has become a cash cow for restaurants because it’s convenient and easy for customers. Having a business strategy involves conducting market research, analyzing competitors, and identifying unique selling points. By following these tips, restaurants can use food delivery to reach more people and make more money.

Delivery 167

Delivery Online Ordering Food Mobile Ordering 167

Aaron Allen & Associates

MARCH 3, 2022

There are so many things to think about — from inventory management to restaurant payment and billing and more — it can be difficult to keep track of it all. That’s where restaurant management software comes in. In this roundup, we will take a look at some of the best restaurant management software out there.

Management 120

Management Management Mobile Ordering Point of Sale 120

Aaron Allen & Associates

JULY 17, 2020

While some may be moving into this scenario opportunistically — smelling blood in the water — the most successful are realizing that this can be the perfect timing for a mutually advantageous acquisition to optimize portfolios and gain market share. . Growing market share. Growing market share. Growing market share.

2020 110

2020 Back of House Cash Management Specials 110

The Restaurant Times

FEBRUARY 22, 2022

The outbreak of the pandemic in 2020 ushered in new market dynamics that threw the traditional restaurant business model into disarray. Investing in labour-saving technologies and providing simple and fewer menu selections, for example, has allowed them to free up cash flow and recruit more people or raise compensation.

2022 98

2022 Front of House Cash Management Online Ordering 98

The Restaurant Group

APRIL 13, 2023

The journey from researching locations to recruiting staff can seem long, and many things can go wrong. trillion global food service market. Depending on the business, a startup business consultant can also be roped in to assume responsibility for a particular stage of the launch, such as planning, recruitment, or marketing.

Recruiting 78

Recruiting Cash Management Small Business Hiring 78

Sling

APRIL 2, 2023

We’ll answer those questions in this article and introduce you to an app that can help you manage your workforce better. Casual incentives can take the form of anything from recognition to cash to a catered lunch. This is just one example of how you can use cash to motivate your team to achieve any goal you set.

Cash Management 78

Cash Management Loyalty Program Casual Specials 78

Gecko Hospitality

MARCH 3, 2025

When demand for top-performing managers spikes, job boards fill with high salaries and bonuses galore. But heres the real question: Are employers throwing cash at a talent problem, or does competitive pay genuinely drive performance and retention? The power of competitive compensation extends beyond the recruitment phase.

Hospitality 52

Hospitality Management Management Recruiting 52

Black Box Intelligence

AUGUST 24, 2021

And the high costs cut into the funds operators could use on employee engagement and recruitment efforts. With so many key business components in flux – from your menu items to your employees, it’s important to know where you stand in comparison to your competitors and the market as a whole.

Guest Recovery 98

Guest Recovery Back of House Point of Sale Customer Service 98

Touch Bistro

JULY 4, 2021

are trying everything and the kitchen sink to recruit and retain employees in the face of a labor shortage the likes of which this industry hasn’t seen in decades. Get Creative with Recruitment. Recruitment and retention are two of the restaurant industry’s biggest challenges, even on a good day. Change Your Management Style.

2021 98

2021 Employee Relations Hiring Recruiting 98

The Restaurant Times

NOVEMBER 30, 2020

Evaluate cash flow for the first year and calculate the five-year-return to the franchise. Marketing plan. Supply Chain Management. Vendor Management. Payouts and Commission Management. Managing the business of multiple Franchise Restaurants can be a daunting task. Cash Flow And Financial Projection.

Franchise 52

Franchise Franchising Cash Management License 52

Open for Business

MARCH 1, 2023

In fact, team members who have fun on the job are likely to recruit friends for open positions where they work. A general manager might also wear a restaurant’s sommelier hat. They handle all the cash and credit card transactions that happen at the bar and, with help from barbacks, they need to keep the bar organized and clean.

Cash Management 78

Cash Management Front of House Fast Casual Fine Dining 78

Restaurant365

JULY 29, 2021

Ultimately, managing your vendor relationships is an area of risk management. The cost of borrowing may rise in 2021, in addition to the existing risk and unpredictability that is already taking place in financial markets. Your managers are also likely spending a lot of their limited time trying to fill gaps in staff roles.

Cash Management 78

Cash Management Point of Sale 2021 Inventory 78

Restaurant365

MARCH 15, 2022

Recruitment and retention strategies go hand in hand. According to the National Restaurant Association, the average cost of restaurant turnover in 2021 was $1,869 per hourly employee, $8,119 per manager and $14,689 per general manager. Train your managers to hire the right employees.

Hiring 78

Hiring Cash Management Insurance Communication 78

Next Restaurants

OCTOBER 4, 2019

Twitter is a great way to market your restaurant business. To do that, operators need to a strategy and a solid understanding of their market. Once you have a clear idea of who you want to engage on Twitter, here’s how you can set about delivering an effective Twitter marketing strategy for your restaurant. Tailor Your Tweets.

Online Ordering 61

Online Ordering Cash Management Customer Experience Recruiting 61

The Restaurant Times

MAY 25, 2021

With lockdown restrictions easing and restaurant business slowly picking up the pace in the UK market, it is an excellent time to revisit your restaurant’s business plans. While doing this, conduct market research, see what is working best in the market, and incorporate these trends into your menu. . Industry Research.

Cash Management 52

Cash Management Employee Relations Email Marketing Point of Sale 52

The Restaurant Times

MAY 20, 2022

The market size of the bakery industry in the UK is worth GBP 3.9 The bakery market is set to soar as the frenzied at-home baking during the pandemic has left the Brits with a craving for fresh bread, which is now expected to translate into spending at the retail level. Recruit Adequate Staff. Research Your Competition.

Social Media 52

Social Media Cash Management Recruiting POS 52

The Restaurant Times

JANUARY 28, 2022

It is still difficult to operate in this market, both for new and established businesses alike. Many quick-service restaurants (QSRs) have seen explosive growth, thanks to a well-thought-out menu, theme, branding, and marketing strategy. . Recruitment and Retention . Branding and Marketing . Concept and Location .

Recruiting 52

Recruiting Customer Service Hiring Seating 52

Black Box Intelligence

MAY 12, 2022

Restaurant human resources departments have attempted to become more competitive in today’s job market by offering potential employees more benefits and advertising these opportunities throughout the hiring process. Digital Recruiting Methods. Short-Term Labor Fixes as Long-Term Strategy. Changes in Job Description Layout.

Advertising 52

Advertising Social Media Hiring Recruiting 52

The Restaurant Times

NOVEMBER 22, 2021

As a first-time entrepreneur in the food industry, the strategy for opening a restaurant begins with identifying a location, developing a concept and design, recruiting the right people, providing suitable training, branding and marketing, and effectively operating the business. Marketing .

Food Safety 52

Food Safety Cash Management Customer Service Design 52