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2022: A Year of Transition for Restaurants

Modern Restaurant Management

More than half of restaurant operators said it would be a year or more before businesses conditions return to normal with food, labor, and occupancy costs are expected to remain elevated, and continue to impact restaurant profit margins in 2022, according to the National Restaurant Association's 2022 State of the Restaurant Industry report.

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MRM Research Roundup: Mid-June 2021 Edition

Modern Restaurant Management

In this edition of MRM Research Roundup, we have news of a possible-robust recovery for restaurants, home delivery and top food delivery apps. million diners seated via Yelp* in May 2021 – the highest ever, surpassing pre-pandemic highs. They saw a similar increase in diners seated in April 2021. Surge in Diner Demand.

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The Future of Fast Dining: What’s Next for Counter Service Restaurants?

The Rail

Peer into counter service restaurants, from fast food chains to trendy eateries, which play an active role in the restaurant industry. You place your order at the counter or kiosk, grab a number or buzzer, and typically receive your food at the counter. More casual, relaxed dining atmosphere.

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YEA: Restaurants Showing Resiliency with New Openings

Modern Restaurant Management

New restaurant and food businesses are opening at pre-pandemic levels, with the number of new openings increasingly more in line with 2018 and 2019 volumes, according to third quarter data for the Yelp Economic Average (YEA) report. "And more closures are likely, depending on how long this operating environment continues."

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Second Wave of Restaurant Chain Bankruptcy Filings Could Offer New Opportunities  

Modern Restaurant Management

Anyone who has worked the back of the house at a popular restaurant knows how chaotic the kitchen can feel during a restaurant “rush” hour—knives, spoons, and spatulas being swung around, glassware flying, line cooks and sous chefs furiously plating food and sending it out. For others, bankruptcy may be the only option.

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Restaurant Forecasting: How To, Formulas, Methods, and More

7 Shifts

On a micro level, forecasting helps a restaurant plan for inventory orders and how many employees need to work each shift to make and sell food. Adjust the forecast with any current factors that may increase or decrease your sales forecast, such as shifts in demand or supply. Why Should You Conduct a Restaurant Forecast? Get granular.

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Simple Customer Retention Strategy for Restaurants

7 Shifts

trying to put new people in seats, a customer retention strategy seeks to spend time bringing existing customers back. The simplest way to collect customer data in a quick-serve or fast-casual restaurant is to have customers supply it on a sheet of paper at the register. Rather than spend all of your time (and money!)