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.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Focus POS

DECEMBER 8, 2021

During a “normal” year, restaurant owners and operators face issues such as cash flow and capital, inventory management, hiring and training and providing excellent customer service. It’s important to monitor what’s selling so managers can order more in a timely manner, ensuring the most popular choices are always in stock.

Mobile Ordering 148

Mobile Ordering Point of Sale Cash Management Online Ordering 148

Lavu

NOVEMBER 1, 2023

Food delivery has become a cash cow for restaurants because it’s convenient and easy for customers. Decide on Pricing The cost of delivery is an essential aspect of restaurant food delivery services. It refers to the amount a restaurant incurs to deliver a single order to a customer’s doorstep.

Delivery 166

Delivery Food Online Ordering Mobile Ordering 166

Perfect Daily Grind

AUGUST 30, 2022

Although coffee was first introduced to Tanzania in the 16th century from nearby Réunion Island (also once referred to as Bourbon), it took around 200 years for the country to start growing it on a commercial scale. Since then, coffee has been a major cash crop for Tanzania. How big is the generational gap in coffee production?

Education 152

Education Government Agriculture Cash Management 152

Modern Restaurant Management

FEBRUARY 4, 2022

This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. Restaurants will also explore delivery options beyond costly third-party partnerships, and hike delivery menu prices to make the channel more lucrative as off-premise demand holds steady.

2022 216

2022 Customer Service Online Ordering Website Management 216

Perfect Daily Grind

DECEMBER 19, 2022

Like many other West African countries, Togo’s economy is significantly dependent on agriculture – with coffee, cotton, and cocoa being the major cash crops. However, after the formation of the Togo Office of Agricultural Products (OPAT) in 1964, the Togolese government started to oversee and manage production.

Agriculture 152

Agriculture Cash Management Training Government 152

Restaurant Engine

JANUARY 26, 2022

This also refers to the last line on your restaurant’s balance sheet – where you show profit and loss and your net operating income. 1: Change Your Pricing. The first and easiest food service financing solution is to adjust your menu pricing. Does a price change make sense? Does your menu warrant a price increase?

Cash Management 59

Cash Management Food Website Management Inventory 59

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 195

Front of House Back of House Cash Management Customer Experience 195

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. " – John Oakes, Revenue Management Solutions CEO. Slow movers tie up inventory -and the cash needed to by that inventory. Don’t be afraid to increase price.

2023 193

2023 Loyalty Program Mobile Ordering Customer Experience 193

Xtra Chef

OCTOBER 28, 2020

Restaurant inventory management is not the most enjoyable restaurant task. Inventory management is a cost management strategy that influences your restaurant food costs , revenue, profitability, and cash flow. Of course, there’s much more to inventory management than maintaining stock levels.

Inventory 78

Inventory Management Management Cash Management 78

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. Improve budgeting.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

Lavu

JANUARY 21, 2020

Accounting refers to the collection, interpretation, classification, analysis, and reporting of financial data. This includes communication of financial statements like income statements, balance sheets, and cash flow. Better Financial Management. For a business to be successful, it needs to have solid financial management.

Cash Management 78

Cash Management Point of Sale Inventory Information 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. – Forecasting by revenue center. you won’t be able to fully understand what. your business requires to run cost effectively.

Cash Management 88

Cash Management Online Ordering Inventory Seasonal Menu 88

Restaurant365

MAY 7, 2020

General managers and restaurant owner/operators should create checklists for crew and managers to use during their shifts. Managing Food Pick Up and Delivery. Install sneeze guards at cash registers. Ask customers to place cash on the counter rather than directly into the employee’s hand.

Food Safety 142

Food Safety Cash Management Point of Sale Social Media 142

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. – Forecasting by revenue center. you won’t be able to fully understand what. your business requires to run cost effectively.

Cash Management 78

Cash Management Online Ordering Inventory Seasonal Menu 78

The Restaurant Times

AUGUST 5, 2022

Successful restaurant accounting can help in efficient cash management, balancing financial books, optimizing costs, and overall business planning. You can also regulate the price of your menu items once you know exactly how much each meal has cost in preparation. Automated Inventory Management. Cash Flow Statement.

Cash Management 52

Cash Management Point of Sale Inventory Employee Relations 52

Open for Business

MARCH 1, 2023

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. The cashier runs the cash register, processes payments, and interacts with customers.

Fast Casual 78

Fast Casual Cash Management Front of House Fine Dining 78

EATER

MAY 3, 2021

Last summer, she quit her job at a New American restaurant in Chicago where she had worked as a manager and sommelier since 2017. Estefanía, who asked to be referred to by her first name because she is an undocumented worker, said she got COVID-19 in June and took two weeks off to recover and quarantine.

Back of House 145

Back of House Cash Management Kitchen Safety Insurance 145

The Restaurant Times

JANUARY 31, 2022

Yes, you can enrol in restaurant management classes or attend culinary school. Don’t be afraid to ask for references to ensure that you’re hiring the best candidate for your restaurant. You want to ensure that you obtain exactly what you need at a price that won’t hurt your business. Experience .

Cash Management 52

Cash Management Kitchen Safety Point of Sale Hiring 52

Lavu

MARCH 11, 2020

Understanding Restaurant Management Software. Among the technology offered today is restaurant management software. . If you’re in the beginning stages of looking for a restaurant management system , you might have multiple questions or concerns. Why do you need restaurant management software?

Management 78

Management Management Cash Management Mobile Ordering 78

BNG Point of Sale

DECEMBER 6, 2021

You want something compatible with your type of business and has features that will help manage inventory, sales data, etc. S ometimes they are also referred to as cash registers or POS systems. It’s necessary to take payments from customers through credit cards, debit cards, checks, or cash. .

Point of Sale 52

Point of Sale POS Employee Relations Cash Management 52

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 52

Point of Sale Inventory Waste Employee Relations 52

The Restaurant Times

MAY 25, 2021

Management Team: This should include the list of stakeholders involved in the management of your cafe such as owner, manager, Head Chef, etc. SWOT refers to the Strengths, Weaknesses, Opportunities, and Threats. Training must also consist of crisis and disaster management techniques. . Industry Research.

Cash Management 52

Cash Management Employee Relations Point of Sale Email Marketing 52

Touch Bistro

JUNE 17, 2021

Compare the top restaurant POS systems on features, pricing, payments, and more. POS hardware refers to the physical components of the system – the parts of the system you can see and touch. A POS terminal is the electronic device that your POS software runs on and features a digital interface that staff can use to manage transactions.

POS 52

POS Cash Management Mobile Ordering Front of House 52

The Restaurant Times

MARCH 31, 2022

In other words, F&B control refers to the process by which a restaurant manager makes an effort to regulate, direct, and restrain people’s actions to achieve the desired objective. On the other hand, it becomes one of the critical responsibilities for the restaurant managers in the case of small and medium-sized restaurants.

Cash Management 52

Cash Management Inventory Employee Relations Technology 52

Apicbase

MARCH 3, 2023

These back-of-house software systems have become indispensable for modern restaurants because they enhance profitability and simplify work for restaurant managers and kitchen staff. Chief among these restaurant management systems is a F&B management platform such as Apicbase. Let’s find out how.

Point of Sale 52

Point of Sale POS Management Management 52

BNG Point of Sale

OCTOBER 13, 2021

Inventory Management Support. Owning a convenience store is a time-consuming business, and it’s easy to lose track of crucial inventory information and stock management. With access to real time data and inventory management, your POS can help you reduce inventory costs and out-of-stock merchandise, at no extra cost.

POS 52

POS Point of Sale Cash Management Inventory 52

BNG Point of Sale

JULY 16, 2021

Also, the average revenue of one establishment may vary wildly from the next, depending on factors like region, average check price, menu engineering, actual sales, and size as well as a service model or even type of cuisine served (fast-food vs fine dining). Average Restaurant Revenue for a Second Location.

Point of Sale 52

Point of Sale Seasonal Menu Cash Management Fine Dining 52

The Restaurant Times

AUGUST 30, 2022

A restaurant POS system helps you manage everything from inventory to staff members, easing out a lot of the complexities involved in running a restaurant business. A restaurant POS system makes the management of operations in a restaurant smoother and much more convenient. Inventory Management.

POS 52

POS 2022 Point of Sale Mobile Ordering 52

Margin Edge

OCTOBER 10, 2019

The upgrade solution lies in restaurant management software that streamlines routine invoice processing, replaces repetitive manual data entry and integrates with other systems like a POS system and accounting. With a restaurant management system, instead of guessing how your business is doing, you get a precise picture each day.

Cash Management 40

Cash Management Back of House Food Truck POS 40

EATER

JUNE 29, 2022

It’s not uncommon to see laminated menu posters labeled Crown Fried Chicken or New York Fried Chicken inside a Kennedy or vice versa, and veteran owners are quick to share sourcing and pricing information. Zia opened Kennedy Fried Chicken in 1975; he used Bullard’s business model, but he sourced all halal ingredients and lowered prices.

Franchise 97

Franchise Franchising Cash Management Food Order 97

BNG Point of Sale

SEPTEMBER 2, 2021

In this post, we will explore what an ideal restaurant food margin is and how to calculate it so that you can have an easier time managing your business and know exactly where you stand financially. . However, the difference is that high-end caterers can make as much as 15% while others might only be able to manage 8%. . Catering

Food Truck 52

Food Truck Loyalty Program Food Point of Sale 52

Restaurant Clicks

SEPTEMBER 18, 2020

By managing to successfully run a food truck, you cut a lot of maintenance, utility, and wage expenses that come with owning a restaurant. Food Truck Management. It helps to provide a visual tree of how the management chain will work out. Food trucks are becoming an increasingly trendy way to sell food, and for good reason.

Food Truck 88

Food Truck Food License Social Media 88

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 PathSpot Secures Funding. million in a Series A round led by Valor Siren Ventures I L.P. percent for each order.

Food Safety 159

Food Safety Kitchen Safety Mobile Ordering Guest Recovery 159

Modern Restaurant Management

JUNE 18, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features recovery data, POS performance and shifting habits of diners. Over the past two months, searches on Tripadvisor restaurant pages have been consistently trending upward (see attached graphic for reference). Pricing, promos, and rewards, oh my!

2020 160

2020 Guest Recovery Kitchen Safety Online Ordering 160

Modern Restaurant Management

DECEMBER 27, 2019

Please refer to the full list below or the GCA’s official website. ” Through the integration, Appetize consolidates all ordering and feeds transaction data in real-time into Restaurant365, to integrate with back office functions like accounting, staff management, reporting, and analysis. .”

Mobile Ordering 102

Mobile Ordering Customer Service Point of Sale Customer Experience 102

EATER

JULY 13, 2022

The shop often functions on the honor system, with a notebook in which you write down your name and what you took, or an envelope in which you can leave cash. Hazel Pagkalinawan first came to Bettles from Southern California almost 15 years ago to manage the Bettles Lodge, a historic small hotel that sits right on top of the airstrip.

Food Order 103

Food Order Food Truck Seasonal Menu Food Supply 103