Culinary Cues

DECEMBER 17, 2020

Now, this alone might not keep the average consumer or politician up at night, but what they fail to understand is that restaurants are at the center of a broad eco-system of businesses that are inter-dependent. A reduction in restaurant business leads to crop waste, unplanted land, and serious cash flow problems for farmers.

Uniforms 471

Uniforms Cash Management Brewery Consumer Goods 471

Modern Restaurant Management

MAY 17, 2023

As one of the largest generations of consumers, they continually influence the ways restaurants innovate, and there are identifiable characteristics that differentiate Gen Z consumers from their older counterparts. Dynamic pricing on these platforms might be necessary to combat some of the lost revenue due to fees.

Loyalty Program 189

Loyalty Program Mobile Ordering Social Media Customer Experience 189

Modern Restaurant Management

DECEMBER 21, 2021

While the restaurant industry has experienced major supply chain and labor issues throughout the pandemic, it is now reaching a tipping point. Waste reduction will drive significant cost savings for most brands, while having the additional benefit of addressing sustainability targets.

Point of Sale 196

Point of Sale Supplies Back of House Customer Experience 196

Modern Restaurant Management

DECEMBER 20, 2021

The pandemic forced restaurants to adapt to not only a new, leaner business model but also to new consumer behavior. So what makes a good contactless menu? A good mobile experience. The good news is that it’s never been easier for restaurants to design professional-looking, state-of-the-art online menus.

Mobile Ordering 227

Mobile Ordering Online Ordering Consumer Goods Customer Experience 227

Modern Restaurant Management

MAY 5, 2022

While high stock prices of crypto companies like Bitcoin grab headlines, they are gaining traction with consumers since blockchain technology helps make transactions easier without needing an intermediary such as a bank or credit card company. Application of Blockchain in the Food Industry. Examples of Crypto Restaurants in the US.

Serving 189

Serving Loyalty Program Food Supply Point of Sale 189

7 Shifts

SEPTEMBER 16, 2021

Managing multiple restaurant locations is a good challenge to have. Consumers at-large prefer independent restaurants to chains, so diversifying the types of restaurants under your management can give diners more of what they love. But to be clear, multi-location restaurant management is challenging. Table of Contents.

Management 370

Management Management Document Hiring 370

MBB Hospitality

NOVEMBER 15, 2023

It involves tracking the cost of each ingredient, understanding seasonality, and recognizing price fluctuations. This granular approach helps in making informed decisions about menu design, portion sizes, and pricing, ensuring that each dish contributes positively to your bottom line.

Seasonal Menu 52

Seasonal Menu Food Waste Loyalty Program 52

Lavu

DECEMBER 9, 2019

Restaurants that succeed in improving their food costs without immediately resorting to band-aid strategies like raising their menu prices or trying to work with less staff gain a tremendous competitive advantage. Minimize Waste. In fact, it’s one of the biggest contributors to the current food waste problem.

Food 91

Food Point of Sale Seasonal Menu Waste 91

The Rail

MARCH 27, 2024

By Emma Carter, Contributor The 2024 National Restaurant Association report shows that sales are up and restaurants are hiring. However, labor and food costs have gone up and consumers have become more value-conscious. Reduce the food waste you generate. Guests are also looking for more personalized dining experiences.

Email Marketing 52

Email Marketing 2024 Point of Sale Seasonal Menu 52

Restaurant365

MAY 17, 2022

Tight integration between your r estaurant inventory management software , point of sale (POS) system and restaurant accounting software is essential for executing key restaurant tasks that help control your food costs. A POS system is excellent at collecting sales and labor data. That’s great.

Inventory 78

Inventory Management Management Food 78

Restaurant365

JULY 21, 2021

How do you keep track of all these different shipments and ingredients to minimize food waste, ensure you are prepared for service, and optimize what you’re spending on your ingredients? This means that for restaurant owners and operators, the budget you have invested in product can quickly go to waste if inventory control isn’t top of mind.

Inventory 78

Inventory Management Management Waste 78

Modern Restaurant Management

DECEMBER 16, 2021

Given the increase in off-premise, we expect to see more drive-thru’s similar in format to Checkers & Rally’s iconic double drive-thru model, which dedicates one lane to traditional consumer drive-thru service and one to e-commerce only, including pre-paid digital orders for pickup and third party-delivery orders.

2022 180

2022 Food Supply Back of House Kitchen Safety 180

Modern Restaurant Management

JANUARY 22, 2020

Now that consumers have become more particular with dining, service standards have skyrocketed, and expectations are higher than ever before. When people decide to dine in your establishment, they don’t just want to eat good food; they want to have a pleasant experience, as well. Online Ordering and Mobile Apps.

Customer Service 228

Customer Service 2020 Social Media Mobile Ordering 228

BNG Point of Sale

AUGUST 27, 2021

Unfortunately for many entrepreneurs who find themselves in this situation in the food industry, there is no easy answer when it comes to improving margins; you need to try different things and see what works best for you to get a good return on investment. . Gross profit is what you have left after deducting all costs of goods sold (CoGS).

Food 52

Food Point of Sale Online Ordering Loyalty Program 52

Modern Restaurant Management

DECEMBER 16, 2019

Topline numbers show robust restaurant sales growth during November. Same-store sales growth was 1.6 percent in November, which represents the third consecutive month of positive sales growth and the strongest since January. Thanksgiving typically represents lower sales volumes for most industry segments.

2019 128

2019 Compost Mobile Ordering Point of Sale 128

Restaurant365

OCTOBER 16, 2019

When tightly integrated with both the accounting system and POS system, inventory tracking is a more useful, accurate tool that can be used to lower cost of goods sold (CoGS), minimize food waste, and better allocate ingredients. Restaurant inventory management can be time consuming and challenging to do well.

Inventory 113

Inventory Management Management POS 113

Cheetah

JANUARY 13, 2022

In the world where consumers are bombarded by options, competition is fiercer than ever. In business terms, a good program will increase targeted retention, driving more revenue and decreasing acquisition costs. Good brand loyalty apps make it easy for members to understand their earnings and review their purchases.

Loyalty Program 148

Loyalty Program Mobile Ordering Airlines Merchandise 148

Restaurant365

JANUARY 21, 2021

Not only can your food cost help you better understand your restaurant group’s budget, but it can also drive your menu pricing and inventory control at all your locations. Your food cost percentage is this food cost number as a percentage of sales. Your food cost percentage is key to optimizing your profit levels.

Food 78

Food Inventory Point of Sale Waste 78

Restaurant365

MAY 27, 2021

Restaurant restrictions are beginning to ease, which is good news for restaurant owners and operators. In a fluctuating economy, you don’t know exactly what is going to happen to sales. Restaurant prime cost as a percentage of sales generally runs around 60%. Where should you start?

Point of Sale 78

Point of Sale Inventory Waste Food Order 78

Restaurant Engine

AUGUST 2, 2020

The abilities of an ERP to reduce food waste and pilferage, as well as the reduction of billable labor for inventory management, are the key value propositions for restaurateurs. Selecting a good ERP is critical. Control of Inflow : Food expenditures, including when goods are purchased from suppliers. Recipe Management.

Inventory 80

Inventory Management Management Point of Sale 80

Restaurant365

MARCH 10, 2020

If it’s not on the shelf, it can’t be stolen, spoiled or wasted. So, the key to minimizing food waste that can eat into your profits is effective restaurant inventory management. While manual inventory management used to be “good enough,” it’s a slow, error-prone process that could be eating into your profitability.

Inventory 103

Inventory Management Management Waste 103

Restaurant365

JUNE 24, 2020

This requires not only increasing total sales, but also reducing costs. While these are not optimal times in the restaurant industry, there are tactics you can implement now to both increase sales and optimize your controllable costs. One cause for rising CoGS might be because your suppliers have increased prices on your ingredients.

Point of Sale 78

Point of Sale POS Inventory Employee Relations 78

Apicbase

MARCH 28, 2024

The department is responsible for purchasing and managing inventory, food preparation, cooking and plating, menu planning and pricing, food safety, and hygiene. Sales optimisation. Restaurant back-of-house operations form the backbone of a restaurant’s success. These include food production and inventory management.

Back of House 52

Back of House FOH BOH Front of House 52

BNG Point of Sale

SEPTEMBER 8, 2021

How To Increase Food Delivery Sales . Food and restaurant delivery sales are of critical importance now in the restaurant business industry. You will improve your restaurant’s revenue, sales, and profit margins if you give current and potential customers the option of ordering their food online and having them delivered.

Delivery 52

Delivery Point of Sale Food Online Ordering 52

BNG Point of Sale

SEPTEMBER 2, 2021

Although this may seem low compared to other industries, it is because restaurants are impacted by what is commonly referred to as the big three expenses, namely: labor, overheads, and cost of goods sold. . The margin varies depending on several distinct factors, such as location and type of cuisine served. . 30% food costs . 30% labor .

Food Truck 52

Food Truck Loyalty Program Food Point of Sale 52

Restaurant365

FEBRUARY 6, 2020

Add the unique features of the restaurant industry, from short-lived inventory to payroll including wages and tips, and bookkeeping becomes a fast-changing, time-consuming challenge. However, being able to easily access sales, inventory, and labor data allows you to quickly make informed decisions. Track Your Daily Sales.

Point of Sale 138

Point of Sale Inventory POS Cash Management 138

BNG Point of Sale

SEPTEMBER 7, 2021

Sales per square foot are one option. To calculate sales per square foot, divide annual sales by total interior square footage including kitchen, dining, and storage space to get a net rentable foot in the leased location. . High profit bars can easily double those sales metrics. . Bar Revenue per Square Foot .

Bar 52

Bar Point of Sale Retail 2013 52

Restaurant365

FEBRUARY 19, 2020

Keeping track of your finances is time-consuming, and yet it has enormous implications for your bottom line. Controllable costs, like your prime cost of food and labor, fluctuate over time with vendor prices, sales, and other external factors. Staying up to date with your bookkeeping isn’t just for paying your taxes.

Point of Sale 120

Point of Sale Cash Management Inventory Consumer Goods 120

Restaurant365

MARCH 10, 2020

If it’s not on the shelf, it can’t be stolen, spoiled or wasted. So, the key to minimizing food waste that can eat into your profits is effective restaurant inventory management. While manual inventory management used to be “good enough,” it’s a slow, error-prone process that could be eating into your profitability.

Inventory 78

Inventory Management Management Waste 78

Modern Restaurant Management

FEBRUARY 10, 2020

Good Food Restaurant Scorecard. 42 of the country’s favorite fast food and restaurant chains still don’t offer a plant-based entrée, according to a report released today by The Good Food Institute (GFI). The third annual Good Food Restaurant Scorecard ranks the top 100 restaurant chains in the U.S.

Hospitality 183

Hospitality Food Consumer Goods Point of Sale 183

Apicbase

MARCH 17, 2023

There is good and bad news. High inflation, labour shortages, supply chain problems and changing consumer demands are black clouds on a sunny day. The European foodservice industry is at a tipping point. The good news, there are new recipes that could potentially work even better. At least, that is how it feels.

Customer Experience 52

Customer Experience Consumer Goods Food Supply Customer Service 52

Deliverect

MARCH 17, 2020

So how can the food industry try to keep its head above water during these difficult times, and how can consumers continue to support their local food and hospitality businesses? This solution pushes your delivery orders to your point-of-sale system, so you can easily manage your online sales channels.

Online Ordering 146

Online Ordering Merchandise Food Website Management 146

Restaurant Clicks

FEBRUARY 21, 2020

That’s a good estimate to give you an idea of what your price range should be, but by no means is that number set in stone. Location is also a major factor, as it will affect all of your prices and especially the cost of leasing a commercial space. Let’s look at the most common costs restaurant owners must face.

License 79

License 2020 Food Truck Equipment 79

Restaurant365

JUNE 4, 2021

Essentially, improving your restaurant profit margin relies on two things: your sales volume and your expenses. You can achieve a better sales margin by increasing sales revenue and decreasing expenses. ” Here are ten ways to drive long-term restaurant profitability, through increasing sales and decreasing expenses.

Loyalty Program 78

Loyalty Program Point of Sale Inventory Customer Service 78

Aaron Allen & Associates

OCTOBER 4, 2022

Restaurant labor costs are usually the largest cost foodservice establishments have in their P&L, averaging around 30% of sales. In the U.S., there are around 11.7 per hour (as of July 2022) — an increase in labor cost of 33% in the last five years Much of the restaurant employment is part time, with employees working an average 25.5

Point of Sale 98

Point of Sale Employee Relations 2022 Mobile Ordering 98

Modern Restaurant Management

DECEMBER 21, 2020

Yet at the same time, every marketer blasted out email updates “we’re in this together” filling consumer’s inboxes, rendering email virtually ineffective and driving down open rates from the pre-pandemic abysmal 20 percent. Here are their responses. Click here for part two. Anita Adams, CEO of Black Bear Diner.

2020 180

2020 Online Ordering Point of Sale Fast Casual 180

Restaurant365

OCTOBER 23, 2019

While many restaurant owners focus on increasing total sales, in order to add to your bottom line, you also need to focus on decreasing costs. You can calculate your prime cost using the following prime cost formula: Total Cost of Goods Sold + Total Labor Costs = Prime Cost. What to Include In Your Prime Cost Formula.

Point of Sale 74

Point of Sale Inventory Employee Relations Insurance 74