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Bridging the Gap: Integrating Legal and Insurance Considerations into Restaurant Cybersecurity Response

Modern Restaurant Management

In today's digital landscape, restaurants have become prime targets for cybercriminals who take advantage of potential entry points from point-of-sale systems, online ordering platforms, customer databases, loyalty programs and third-party delivery services. Consider the alarming pattern over the past three years. In January 2023, Yum!

Insurance 282
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Restaurants Count on Cloud for Improved Operations and Customer Experience

Modern Restaurant Management

Gain informative data-based insights – By accessing a single source of data from anywhere and any device, restaurants gain invaluable insights about their customers, employees, inventory – you name it – particularly when artificial intelligence (AI) is layered in.

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Average Restaurant Profit Margins: What They Are And How to Improve Yours

ChowNow

Business model: Delivery-heavy brands reliant on third-party apps may see lower returns due to commissions. Add in things like equipment repairs, licensing fees, and other expenses, and youre constantly fighting to stay ahead of significant cost increases. Monitor labor expenses as a % of revenue weekly, not monthly.

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4 Ways to Pivot Your Restaurant’s Business Model During COVID-19

7 Shifts

However, pivoting your business model to takeout and delivery is not always the best—or only—option your restaurant has to boost sales during this time. If you have many groceries, inventory, or portioned goods, consider offering meal kits to diners to cook at home. Alcohol delivery ?? Pros of alcohol delivery ?

FOH 364
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How to Conduct a Successful Restaurant Audit

Modern Restaurant Management

Inventory Management If you don’t have a proper inventory management system in place, you could be wasting a lot of time and money. Your usual poultry vendor requires two days’ notice for deliveries, but you haven’t placed an order. Proper inventory management is key. Either way, it ends up costing you.

Audits 282
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What Restaurateurs Need to Know Right Now About the COVID-19 Pandemic

ChowNow

Add to your pick-up and delivery offerings. Offer large format takeout or a family-style to move more inventory. Delivery and pick-up restrictions regarding alcohol vary based on local laws and licenses, but if you can add beer and wine to your menu, now’s a good time. . Watch out for commission-based delivery apps.

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How to Calculate Food Costs For Your Restaurant

7 Shifts

But there's more to it than adding up your inventory bill and comparing it to your sales. Food cost percentage is the ratio of the cost of food inventory to the amount of revenue it generates. The other, more accurate way is to take all of the elements that go into making a dish to determine the total value of your inventory.

Food 370