7 Shifts

JANUARY 23, 2020

As you plan out your concept, location, menu, staffing, and marketing, take a read through the advice left by hundreds of restaurateurs to ensure you’re set up for success in 2020. Ensure your business plan is real and not theoretical, in order to understand every operation cost you will come to a head with, and ensure positive cash flow.

2020 335

2020 Hiring Cash Management Education 335

Open for Business

OCTOBER 20, 2023

From budgeting and licensing to crafting the perfect menu, here’s everything you need to know about how to open a restaurant. Market research Before you even think about the menu or location, you need to understand the guests who will walk through your doors. Creating the menu Your menu is the restaurant’s calling card.

License 78

License Email Marketing Seasonal Menu Front of House 78

Restaurant365

JULY 29, 2020

Though forecasting your restaurant’s sales is vital to determining your cash flow, if you’re not forecasting your sales by their individual revenue centers – dine in, take out, delivery, curbside, catering, etc. – Analyze and Reevaluate Your Menu Design. cash, credit card, contactless). Forecasting by revenue center.

Cash Management 88

Cash Management Online Ordering Inventory Seasonal Menu 88

Restaurant365

JULY 29, 2020

Though forecasting your restaurant’s sales is vital to determining your cash flow, if you’re not forecasting your sales by their individual revenue centers – dine in, take out, delivery, curbside, catering, etc. – Analyze and Revaluate Your Menu Design. cash, credit card, contactless). Forecasting by revenue center.

Cash Management 78

Cash Management Online Ordering Inventory Seasonal Menu 78

The Restaurant Times

MARCH 10, 2022

If your head chef is responsible for managing the kitchen and producing great food, the restaurant manager is accountable for the smooth functioning of the establishment and many other duties. Tips To Streamline Restaurant Manager Duties In The UAE. Resource Management . Menu & Pricing .

Management 52

Management Management Cash Management Employee Relations 52

7 Shifts

JANUARY 26, 2021

Ordering online, paying with mobile phones, scanning QR codes for a menu, and a ton of takeout, are just a part of dining out now. With mobile ordering, there are no menus to pass out and back around, no germed-up credit cards to swipe, and no cash to handle. For fast-casual and quick-service restaurants—no more lines.

2021 370

2021 Front of House Social Media Back of House 370

The Restaurant Times

AUGUST 5, 2022

In fact, accounting software in restaurants has seen a 21 percent rise in popularity since 2018, second only to POS technology and payment processing. Successful restaurant accounting can help in efficient cash management, balancing financial books, optimizing costs, and overall business planning. Automated Inventory Management.

Cash Management 52

Cash Management Point of Sale Inventory Employee Relations 52

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. 5 Concepts of Restaurant Accounting.

Management 85

Management Management Food Truck Cash Management 85

The Restaurant Times

MARCH 29, 2021

Apart from the competition, there are several factors such as seasonality, economy, etc. In this article, we have shared some techniques that restaurants in the UAE can utilize to attract new customers, widen the customer base, and maintain steady cash flow. Price The Menu Items Carefully. that poorly affect sales.

Loyalty Program 52

Loyalty Program Point of Sale Online Ordering Seasonal Menu 52

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 148

Food Truck Front of House Fine Dining Food Order 148

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. 25-30%: casual dining (depending on the menu and methods of service).

Tip Distribution 78

Tip Distribution Point of Sale Employee Relations Restaurant Law 78

iTab POS

NOVEMBER 8, 2018

When you run a cash-only restaurant, you limit the payment options of your customers, which has a direct effect on your earning potential. By limiting your restaurant to a ‘cash-only’ payment model, you turn away many customers from your doors and effectively miss out on a significant portion of your target market.

Cash Management 40

Cash Management Mobile Ordering POS Point of Sale 40

Margin Edge

FEBRUARY 24, 2022

They can impact everything from menu prices to labor decisions and can vary from week to week. . You could also have a POS error where the buttons aren’t ringing in correctly, servers could be giving away beer to drive tips, or someone could just be really bad at counting inventory. The Barrow House, Clifton, NJ.

Inventory 82

Inventory Point of Sale Waste Fine Dining 82

BNG Point of Sale

JULY 16, 2021

A high turnover rate means people come back often enough because they like your menu selection so there is less urgency associated with their visit which results in longer stay times for guests and increased spending per customer. These important business models are what profitable restaurants don’t take lightly.

Point of Sale 52

Point of Sale Seasonal Menu Cash Management Fine Dining 52

Modern Restaurant Management

JANUARY 12, 2022

To keep up with changing consumer preferences, operators noted that their top areas of investment in 2022 include mobile ordering (54 percent); delivery services (47 percent); technology such as new POS digital signage or other in-store tech (45 percent); and alternative payment methods (37 percent). "Consumers Payment options expanding.

2022 215

2022 Mobile Ordering Guest Recovery Point of Sale 215

Gecko Hospitality

JULY 12, 2018

A successful restaurant needs strong management, and the right restaurant management software can improve all areas of your business, ensuring it runs efficiently, reducing costs, decreasing customer wait times, and preventing billing and scheduling errors. Benefits to a Using Restaurant Management Software.

Management 40

Management Management Cash Management Point of Sale 40

Marketman

DECEMBER 21, 2019

Whether your restaurant is preparing for its grand opening night or will be celebrating its 10 year anniversary, it is never a bad time to begin implementing the best restaurant management practices and improving your processes. Restaurant management spans over a wide variety of elements including: Customer service. Staff management.

Management 52

Management Management Cash Management Inventory 52

Modern Restaurant Management

JULY 15, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features Grubhub's State of the Plate 2020 trend report, the fragility of "open," di g ital resilience and brand intimacy. Seasonal Favorites and Forecasts. Financial Trends Insights. Vegan and Plant-Based Trends Still Grow.

2020 195

2020 Mobile Ordering Point of Sale Fast Casual 195

Modern Restaurant Management

NOVEMBER 11, 2019

The purchase price of $42 million for Restaurant Magic will be financed primarily through cash and equity. Restaurant Magic’s software leverages business intelligence and automation technologies to decrease food costs, manage labor and improve overall customer service. Illes Foods' Fourth Generation CEO. Cristin Illes Kahale.

Travel 118

Travel Food Hotels Loyalty Program 118

Notch

FEBRUARY 26, 2019

As a business owner, you probably know that revenue management is one of the keys to success. But, if you have a cash flow problem, do you know how to diagnose and solve it? Restaurant revenue management comes down to three main factors: traffic, sales and service. Anything less than that, they may be struggling and in the red.

Management 71

Management Management Loyalty Program Email Marketing 71

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 210

Food Safety Mobile Ordering Online Ordering Kitchen Safety 210

Notch

FEBRUARY 26, 2019

As a business owner, you probably know that revenue management is one of the keys to success. But, if you have a cash flow problem, do you know how to diagnose and solve it? Restaurant revenue management comes down to three main factors: traffic, sales and service. Anything less than that, they may be struggling and in the red.

Management 52

Management Management Loyalty Program Email Marketing 52

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 154

Bar Cash Management Loyalty Program Point of Sale 154

Xtra Chef

DECEMBER 11, 2019

Whether you are an executive chef, a seasoned restaurant finance executive, or an owner/operator who manages your own books, speaking the language of restaurant accounting will help keep all financial stakeholders on the same page. In Part 2, we’ll help you decide how best to manage accounting at your restaurant.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Modern Restaurant Management

MAY 27, 2020

PathSpot, creator of a real-time hand hygiene management system that protects against the threat and spread of illness with a hand scanner that tracks handwashing frequency and effectiveness, announced the closing of $6.5 ” Menu Anywhere. PathSpot Secures Funding. million in a Series A round led by Valor Siren Ventures I L.P.

Food Safety 176

Food Safety Kitchen Safety Mobile Ordering Guest Recovery 176

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?

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Modern Restaurant Management

DECEMBER 14, 2020

In addition, the site has been updated to make it easier for restaurant operators to search key topics such as "off-premise," "dine-in" and "competitive menu" so they can quickly find what they need. The company has also added a Deep Cleaning Checklist and guiding principles for Managing Indoor Air.

Webinar 189

Webinar Customer Experience Mobile Ordering Customer Service 189

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. Better value for customers who won’t pay fees or higher menu prices associated with delivery.

Mobile Ordering 122

Mobile Ordering Online Ordering Point of Sale POS 122

Modern Restaurant Management

SEPTEMBER 24, 2021

In early September, the business announced a month-long program to thank its own team members who opt for the vaccine: $100,000 in cash prizes. Subway® fan brand love is stronger than ever following the launch of Eat Fresh Refresh™, a campaign debuting the biggest menu changes in the brand’s history.

Franchise 185

Franchise Franchising Customer Experience Fast Casual 185

Touch Bistro

APRIL 7, 2021

Seasoned restaurateurs understand the importance of tracking their restaurant turnover rate. A high restaurant turnover rate can also be linked to the high proportion of students and seasonal staff working in the industry. That’s because the restaurant industry is notorious for high employee turnover.

Employee Relations 52

Employee Relations Hiring Seasonal Menu POS 52

Modern Restaurant Management

DECEMBER 28, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their opinions on what we can expect in 2021. Some of these innovations include digital menus, contactless payments, marketing solutions, and cloud-based POS. Here are their responses. To read part two, click here.

2021 199

2021 Kitchen Safety Food Safety Mobile Ordering 199

Xtra Chef

AUGUST 12, 2020

Knowing your restaurant food costs helps with menu pricing, affects prime costs, and plays an integral part in remaining profitable. Food cost management is particularly important during a recession or economic downturn , as many restaurant owners are finding right now. But managing restaurant food costs can be challenging.

Food 120

Food Inventory Waste Food Order 120

Modern Restaurant Management

OCTOBER 31, 2019

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features interesting and insightful trends from Upserve, order for pickup guest experience study results, the Fraud Aftershock Index and the importance of foot traffic. National Menu Trends. Reputation Management Revolution. Uberall, Inc.

2019 138

2019 Mobile Ordering Online Ordering Customer Experience 138

Restaurant365

DECEMBER 6, 2021

75 percent of restaurants have made menu changes because of supply chain challenges. Menu prices have risen 4.7 Proper forecasting can help you optimize your variable costs, like inventory, staff, and prep, ensuring you are not contributing to food waste or running out of key items from your menu. Consistent Inventory Counts.

Supplies 78

Supplies Food Supply Waste Inventory 78

Touch Bistro

JULY 20, 2021

Whether you’re new to the restaurant scene or a seasoned veteran in the industry, having the right restaurant equipment list is crucial to your business’s success. This means you can cook a broader variety of menu items to perfection. Point of Sale (POS). Either way, you won’t have to shell out a large sum of cash upfront.

Equipment 52

Equipment Kitchen Safety Point of Sale Food Safety 52

Modern Restaurant Management

SEPTEMBER 15, 2020

SALIDO leverages design, data, and workflow management to optimize both front- and back-end operations. With the integration of both platforms, first-party orders made through Lunchbox will effortlessly feed into Ordermark’s platform to ensure that restaurants can manage both first-party and third-party orders from one location.

Fast Casual 162

Fast Casual Casual Menu Mobile Ordering 162

Notch

FEBRUARY 14, 2019

You get a coupon and say, “wow, I’m going to save some cash and remember to use it later,” right? Read More : How to Set Menu Prices to Maximize Profit & Value Think about it this way; treat the promo as one meal—double the food cost that goes into the dish and calculate your percentage based on the price of a single item.

Specials 75

Specials Loyalty Program Seasonal Menu Point of Sale 75