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A well-utilized smallbusiness loan gives the financing required to scale your restaurant effectively and turns prospects into real outcomes. Expanding Operational Capacity to Meet Higher Demand When customer demand increases, businesses that do not scale up quickly lose valuable opportunities to competitors.
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.
Read on for predictions from industry insiders that include chili crunch, black limes, newstaglia, stealth health, and elevated snacking. Culinary and Cocktail Trend Forecasts Kimpton is returning with its annual Culinary + Cocktail Trend Forecast highlighting predictions from its global team of restaurant and beverage talent.
But while you might think this is a cost-effective way to do business, it’s actually a drain on your time and efficiency. The ideal scenario is to remove hours spent in areas like this every week so that you can instead put that time toward growing your business. So, how do you get there?
Regular customers make up the backbone of any restaurants sales , but if you put a group of restaurant owners around a table, the conversation inevitably focuses on growth through new customer acquisition. Meaning, that a small percentage of inputs or efforts often account for the majority of results or effects. Thats huge!
If youre one of the thousands of restaurants that added online food delivery in recent years, you might be wondering: is it actually helping my business grow? The only way to know for sure is by tracking key performance indicators (KPIs) that drive business growth.
One approach is to use a contribution margin model : after youve calculated food cost, ask yourself how much money is left from the sale of a menu item to cover everything else. Yes, competitor pricing can give you a ballpark idea of what customers in your area expect to paybut it shouldnt be your only reference point.
A bar is a profitable business option if you’re looking to enter the food industry. One key area to focus on is drink sales, with cocktail sales accounting for about 23% of a bar's revenue. Start by tracking all the income your bar generates, including sales from drinks, food, and any additional services.
billion transactions and $67 billion in sales in 2024. Companies saw a sales boost in 2024 as loyalty transactions increased by over 30 percent. This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features delivery data, tariff troubles, summer dining trends, and Beer Serves America.
If your business isnt keeping up with the changes, you risk falling behind and not meeting modern customer expectations. For operators, restaurant apps mean higher sales, greater customer retention, and smoother day-to-day operations. Heres a breakdown of the most common types of restaurant apps and how they support your business.
On the flip side, a cluttered or confusing category setup can overwhelm guests, slow down ordering, and lead to missed sales opportunities. Smart menu design uses categories to break choices into manageable parts—Appetizers, Salads, Mains, Sweet Dishes, etc. It’s called decision fatigue , and it kills conversions.
Plaid represents structure, heritage, and intentional design. From there, we can start developing the brand identity (think color palettes, typography, and logo design). The restaurant needs cohesion, from signage to menu design to uniforms. It’s a timeless and bold pattern, much like a strong brand identity.
Restaurants can now use customer data to enhance restaurant menu design, creating smarter menus that increase profits and improve the dining experience. Spot Best-Sellers : Focus on the 16% of menu items that drive 80% of sales. This approach also helps reduce food waste and maximize customer satisfaction. Ready to learn how?
Cloud kitchens, in particular, enable restaurants to lower setup and operational costs, making them an attractive business model. Comprehensive analytics dashboard for insights into customer preferences and sales trends. Have you noticed how food delivery apps are becoming essential in attracting and retaining diners?
Choose a User-Friendly Email Platform The best email marketing tools make it easy to design, send, and track your newsletters without needing any sort of technical skills. Your customer email list is your most valuable marketing asset, giving you an incredible ROI of $42 for every $1 you spend. But just building an email list isnt enough.
Whether youre an independent operator or part of a small chain, visibility is everything. If your restaurant isnt optimized for the digital age, youre giving business away to competitors who are. 4 Reasons Why You Cant Ignore Restaurant Marketing in 2025 Restaurant marketing in 2025 isnt just a nice-to-haveits a necessity.
Boosts Repeat Business: Special promotions, loyalty rewards, and exclusive deals encourage guests to return. Unlike social media platforms, where the algorithm overlords dictate who will and will not see your posts, emails go straight to your customers inboxeswhich they check daily.
This guide will help you tackle both of these issues, so you can understand the power of small, data-driven adjustments, along with straightforward steps on how to achieve them. Knowing how to cost a dish is one of those “absolutely must-have” skill sets for restaurant owners. It’s just part of the job. Every smart pricing move starts here.
You can also reach out to other local businesses or organizations to provide further context to search engines about your restaurant’s location. Collaborate with nearby businesses for events or promotions, and ask them to include a link to your website on their site.
By Lindsay Lawrence, Contributor Relocating a restaurant is no small feat, as it involves managing the transportation of kitchen equipment, reestablishing the space’s atmosphere, and ensuring minimal disruption to your business. These tools make it easier to ensure that equipment will fit properly.
So much data is generated at every point within a restaurant, whether fast casual or fine dining. The quicker businesses can feed that information back into operations, the better, whether for personalized dining, staffing optimization, or advertising and marketing.
When a restaurant participates in local events or partners with local businesses, it becomes part of the neighborhood’s fabric. 72% of American consumers prefer to do business with companies that share their values both in the retail and restaurant industries. Go to the Google Business page and claim your restaurant.
But learning how to make his wife a great bagel ended up creating a business, Jeff’s Bagel Run, which now has 15 locations and is franchising. The pandemic was in full swing, and we got really busy, like 300-400 DMs whenever we dropped a menu,” he said. By Lisa Jennings on Jun. It all started during the pandemic shutdown.
Systemwide sales fell 5.3% All photos courtesy of Ascent Hospitality Management A pair of legacy family-dining brands are out to prove that age is only a number. The of-the-moment menu updates are part of sweeping rebrands at the two chains under owner Ascent Hospitality Management. But they have receded over the years.
While some businesses may choose to absorb these additional expenses, there are limits to how much they can sustain. Energy prices remain volatile, labour costs are increasing as businesses compete for skilled staff, and sustainable materials often carry a premium price tag. Roasters are also grappling with higher operational costs.
The restaurant industry is evolving rapidly, and outdated point-of-sale systems are no longer enough to stay competitive. Software, as a Service, commonly referred to as SaaS, is a relatively new business model where software is licensed to customers on a subscription-based plan over the internet.
A modern POS system for bars goes beyond just processing paymentsit helps with inventory management, staff scheduling, and real-time sales tracking. Whether you run a small pub or a high-volume nightclub, the right POS system can simplify operations and boost revenue.
Earlier this week, Starbucks denied reports that it’s seeking a full sale of its China operations. The coffee chain started a formal sales process for its China division in May 2025, which CEO Brian Niccol claims has attracted strong investor interest. The sale comes off the back of Starbucks’ continued market struggles in China.
The restaurant business is a dynamic, fast-paced world where passion for food and hospitality often takes center stage. Professional tips for hospitality accounting that directly contribute to sustained business growth. Sales tax, payroll taxes, income tax – the list is extensive. Learn more about our Accounting Services !
This guide is designed to help you navigate the complexities of opening your second restaurant location. This guide is designed to help you navigate the complexities of opening your second restaurant location. Consider foot traffic, parking availability, nearby businesses, and zoning regulations.
If you’re looking to make the most of this high-energy day, here are 8 restaurant promotion ideas to help you stand out and drive sales. Design Team-Inspired Menus Add some fun to your menu by creating special dishes or drinks that represent each of the competing teams.
Loyalty programs offer dining rewards, creating a bond between customers and your business. There are different types of loyalty programs: Points-Based Rewards: Customers earn points for every dollar spent. Points can be redeemed for discounts or free menu items. Customer retention becomes vital for success.
San Francisco , April 14, 2025 — SpotOn , a leading software and payments partner for restaurants and smallbusinesses, enters 2025 with strong momentum driven by new client wins, expanded advisory expertise and key product enhancements. and Finn’s Fish House.
Implementing robust security measures ensures compliance and safeguards both business operations and customer data. million, which can cripple small restaurants. Staying compliant protects your business and customer trust. With 70% of transactions made via cards, restaurants are prime targets for cyberattacks.
Reduce errors, save money, and streamline operations with our easy-to-use payroll system designed for restaurants. Compliance Updates : Automatic updates for tax and labor law changes keep your business on the right side of regulations. Tax Compliance : Stay updated with local, state, and federal regulations.
Whether you’re a seasoned operator or just getting started, understanding the numbers behind your business can mean the difference between breaking even and breaking records. Even if you hire a professional to handle all the financial aspects of your business, you need to understand what is involved.
Accounting vs Restaurant Bookkeeping Restaurant accounting uses data to assess your restaurants financial situation and make business decisions. Its simpler and often used by small restaurants. Daily Sales Report Daily sales reports track daily revenue, helping you monitor performance and make informed decisions.
I spoke with Kacper Ornat and Łukasz Jura at Coffee Machines Sale and Nikolai Fürst at Desarrolladores de Café about why quality control is more important than ever in today’s competitive specialty coffee market. Simultaneously, business operating costs are increasing across the board.
In the fast-paced restaurant industry, even small inefficiencies can add up to lost revenue and frustrated staff. A streamlined point-of-sale system doesn’t just speed up service—it impacts everything from order accuracy to table turnover. Gone are the days of traditional dining.
Finding the best restaurant POS system isnt just about taking ordersits about unlocking smarter ways to run your business. Built for ambitious restaurateurs, Lavu combines powerful tools with user-friendly design to simplify operations and boost profitability. Thats where Lavu leads the way. What POS does Gordon Ramsay Use?
G2's Report names SpotOn Restaurant point-of-sale #1 over top competitors in ease of use, quality of support, and more. SpotOn Named #1 Restaurant POS System by G2 SpotOn Restaurant has earned the top spot in the Winter Grid® Report for Restaurant POS from G2, the world’s largest and most trusted software marketplace.
Enhanced Security: Built-in safeguards for customer and business data. The results speak for themselves: businesses using these systems see a 25% improvement in order accuracy and a 30% reduction in customer wait times. Beyond operational speed, these systems equip business owners with real-time data to make informed decisions.
Whether the customer blames your restaurant or the delivery service provider (DSP) such as DoorDash when this happens, the outcome is the same: fewer repeat customers and lost sales. This will only become more of a challenge as DSP sales continue to increase in line with current food delivery industry trends.
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