article thumbnail

Beyond the Scoop Shop: A Blueprint for Scaling Artisan Food Businesses

Modern Restaurant Management

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.

Food 322
article thumbnail

The Strategic Value of Fractional CFOs in Multi-Unit Restaurants

Goliath Consulting

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Restaurant Owners Need to Grow: Legal Strategies for Long-Term Success

Modern Restaurant Management

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.

article thumbnail

Best Practices for Holiday Security in Restaurants and Bars

Goliath Consulting

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.

Bar 195
article thumbnail

Olo to be sold to an investment firm in $2B deal

Restaurant Business

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, which is expected to close by the end of the year, puts Olo into the hands of Thoma Bravo, a massive, software-focused investor with about $184 billion in assets under management. “By

article thumbnail

Pandemic Reflections: What Lessons Has the Restaurant Industry Learned?, Part Two

Modern Restaurant Management

That's why we instituted lower-priced lunch specials and made other adjustments. That led to an employee shortage, especially for high-quality and experienced management positions. The customer's needs always come first, even though my prices continue to rise. Technology has become a solution in staffing as well.

article thumbnail

How to Build a Food Delivery App for Your Restaurant

The Rail

Platform-to-Consumer : Where platforms like Uber Eats or Zomato connect customers to restaurants but manage delivery. credit cards, digital wallets, cash on delivery). Admin Panel : Order management system to track and manage orders in real time. Inventory management to keep track of stock levels.

Delivery 147