7 Shifts

AUGUST 18, 2024

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. Improve Employee Retention The high-turnover rates are well-documented in the restaurant industry, with these rates exceeding 70% in 2016.

License 370

License Equipment POS Food Supply 370

Modern Restaurant Management

JUNE 10, 2021

The hotelier’s loss of the digital guest relationship is well documented and a cautionary tale for any restaurant brand that does not envision a future where marketing budgets are dominated by campaigns to win back the guest. Today, with proper integrations, information is syndicated out in a way that reflects live inventory.

Airlines 493

Airlines Consumer Goods Point of Sale Hotels 493

Modern Restaurant Management

SEPTEMBER 19, 2023

However, the impact that AI is already having on the food industry is without parallel, helping to lower food prices, increase the availability of certain products or ingredients, and prevent supply chain shortages. This enables businesses to avoid buying too much inventory. This is a win-win situation for sellers and buyers alike.

Food Supply 322

Food Supply Food Supplies Waste 322

7 Shifts

SEPTEMBER 16, 2021

Whichever way you go, remember that for every new restaurant you open, you'll need to conduct any necessary market research and document your planning process with a business plan and a feasibility study. There'll be new branding, a new staff, different inventory, and updated forecasting involved. Developing a New Concept.

Management 370

Management Management Document Hiring 370

Lavu

MARCH 17, 2025

With rising ingredient prices and tight profit margins, understanding the food cost formula can make the difference between financial success and failure. By accurately calculating food costs, restaurant owners can set the right menu prices, reduce waste, and maximize their profits. Whole Wheat Bun $0.30 Avocado(1/4) $1.20 0.30 = $17.17

Food 78

Food Waste Inventory Seasonal Menu 78

7 Shifts

DECEMBER 18, 2023

Manager log books Even if it’s just a shared cloud document, you need a centralized place for your managers to exchange information. Inventory management Inventory management software helps you monitor your restaurant’s stock levels. Additionally, inventory management tools can help you prevent unnecessary waste.

Management 397

Management Management Email Marketing Point of Sale 397

7 Shifts

APRIL 25, 2022

Getting these numbers right means less expired inventory, fewer unhappy customers, shorter wait times, and lower labor costs. Access to these numbers can ensure your managers make smarter decisions when it comes to ordering inventory and scheduling staff. Inventory variance is too high, driving up food costs.

Operations 370

Operations Point of Sale Inventory Restaurant Law 370

7 Shifts

OCTOBER 31, 2022

You'll have a document to reference during the planning or opening of your restaurant. A restaurant business plan is a document that outlines the various aspects of your restaurant business. But give an idea of some dishes or drinks with projected price points. Inventory management systems. Section 5: Operations Plan.

Point of Sale 397

Point of Sale Back of House Document Download 397

7 Shifts

FEBRUARY 8, 2024

You can even share important documents, like updated policies or tax forms. Payroll can be a huge chore in this industry due to its time-sucking nature, and other accounting needs like inventory and budget management aren't exactly easy (or exciting). With BevSpot, restaurants can take inventory “any time, anywhere.”

Management 367

Management Management Operations Mobile Ordering 367

7 Shifts

MAY 31, 2021

For example, kitchen managers rely on software to let them know how much expected inventory they have in stock. Inventory was ordered based on par levels, which are set based on sales forecasts, which are in turn determined by how many guests you'll serve and what they'll order. All tasks in a restaurant are interconnected.

Operations 363

Operations Inventory Hiring Customer Service 363

7 Shifts

FEBRUARY 8, 2024

You can even share important documents, like updated policies or tax forms. Payroll can be a huge chore in this industry due to its time-sucking nature, and other accounting needs like inventory and budget management aren't exactly easy (or exciting). With BevSpot, restaurants can take inventory “any time, anywhere.”

Management 352

Management Management Operations Mobile Ordering 352

Lavu

JUNE 26, 2025

Restaurant accounting is the process of interpreting and analyzing the revenue, cash flow, inventory, and income statements of a restaurant. It allows you to document all financial transactions of your business and determine its performance. Documented reporting and screening of these costs is integral to keeping the business afloat.

2025 113

2025 Cash Management Point of Sale POS 113

Restaurant365

AUGUST 19, 2021

Restaurant accounting covers all areas of your business, even inventory. While you may think of your restaurant inventory as part of operations, restaurant inventory management should also be considered an accounting function. So, inventory has an important place in your restaurant accounting.

Inventory 147

Inventory Management Management Employee Relations 147

7 Shifts

JULY 20, 2024

Components of a restaurant’s financial report The food and beverage sales report, prime costs report, inventory report, profit and loss (P&L) statement, and cash flow statement are all critical components of a restaurant's financial management. This way, you can decide whether you need to raise your prices or not.

2024 221

2024 Cash Management Inventory Waste 221

Restaurant365

SEPTEMBER 10, 2021

However, in between all these tasks, it is critical to devote time and energy into accurate and consistent inventory management. Inventory management tracks what’s going in and out of your restaurant for a specific period, and what product is in your restaurant at any given time. Let’s dive into some helpful tips.

Inventory 138

Inventory Management Management Point of Sale 138

Lavu

APRIL 25, 2025

Data Insights : Tools like Lavu ‘s POS system help track inventory, reduce waste, and identify cost-saving opportunities. These restaurants successfully kept food costs between 15% and 30% of menu item prices, showcasing the effectiveness of structured, data-driven approaches in achieving consistent results.

Seasonal Menu 78

Seasonal Menu Waste Food Inventory 78

Paper Chase Accountancy

JULY 2, 2025

Making Smarter Business Decisions with Monthly Data Your financial statements are more than just compliance documents; they are a narrative of your business’s performance. With this information at your fingertips, you can: Adjust pricing strategies: Is a menu item underperforming? Are you getting the best prices?

Cash Management 82

Cash Management Tip Distribution Point of Sale POS 82

7 Shifts

AUGUST 18, 2024

This document will outline your bar's concept, menu, marketing strategy, and financial projections. Make sure to get quotes from multiple suppliers so you can compare prices and services. Pricing should match your target market and theme. A cocktail bar can have higher prices while a local neighborhood pub probably can't.

Bar 370

Bar License Email Marketing Customer Service 370

Modern Restaurant Management

SEPTEMBER 5, 2024

With 59 percent of customers valuing an "outstanding" experience over product quality and price, QSRs’ success lies in rapid service. This involves a comprehensive approach to managing costs across various areas and multiple sites, including staffing, repairs, inventory adjustments, and new equipment installations.

Operations 221

Operations Food Safety Audits Customer Service 221

7 Shifts

SEPTEMBER 16, 2024

No matter the cause, selling a restaurant requires careful preparation and strategy to ensure you get the best price and attract the right buyer. If your business is priced too high, buyers may overlook it. These documents provide insight into how well your restaurant has performed financially.

2024 195

2024 Document Cash Management Point of Sale 195

7 Shifts

JULY 21, 2020

Whether your restaurant needs to finance payroll, inventory, or a new electric skillet, these loans can make it happen in a jiffy. SBA 7(a) loans can be used on a variety of business expenses: purchase equipment, upgrade your real estate, stock up on inventory, tackle an emergency, and more.

Cash Management 300

Cash Management Government Small Business Healthcare 300

ChowNow

JULY 10, 2024

Be as detailed as possible, including specific descriptions and pricing. Suppliers and inventory : List the primary suppliers you plan on working with and share information about how you will manage the restaurant’s inventory. Relevant legal documents : Attach any important legal documents that might be requested.

Point of Sale 221

Point of Sale Email Marketing License Customer Service 221

Lavu

MAY 9, 2025

Document hardware condition and shipping details. Hardware Costs : Full price if canceled early. Hardware Costs : Full price if canceled early. Pro Tip: How to Cancel Toast POS Contract Without Business Disruption To reduce fees, negotiate if Toast raises prices unexpectedly.

POS 78

POS 2025 Equipment Customer Service 78

Lavu

JUNE 13, 2025

Lastly, it is crucial to set competitive prices that align with the target market and location. Providing quality food at affordable prices will encourage employees to eat onsite rather than seeking alternatives outside of the workplace. Ensure all documentation is ready before launch.

2025 78

2025 Dietary Restrictions Kitchen Safety License 78

7 Shifts

JULY 16, 2021

You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! Expected menu prices. Make this calculation using the following formula: BEP =Fixed Costs / (Sales Price Per Unit - Variable Costs). Online Ordering.

License 459

License Hiring Equipment Small Business 459

Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. What is Restaurant Inventory Management? Sitting Inventory.

Inventory 103

Inventory Management Management Waste 103

Restaurant365

JULY 9, 2020

Restaurant inventory management is the process of monitoring the food and beverage ingredients in your restaurant. Monitoring your inventory documents what food and beverage product is coming into your restaurant, what is leaving your restaurant as product sold, and what remains on your shelves and refrigerator.

Inventory 78

Inventory Management Management Food Supply 78

7 Shifts

MAY 23, 2024

Create a restaurant operations manual A restaurant operations manual ensures that your business procedures are well-documented, concise, and readily available for your employees' reference. You can decide whether to adjust its price or tailor your recipe by looking for alternatives to some of your ingredients to make profits from that order.

Operations 221

Operations Kitchen Safety Food Safety Restaurant Law 221

Lavu

MAY 5, 2025

Review Hardware Needs Take inventory of the hardware youll need, such as terminals, printers, and network devices. Configure Lavu Settings Get your system ready by customizing it to your business needs: Add menu items, modifiers, and prices. Enable features like happy hour or off-peak pricing.

POS 78

POS Training Kitchen Safety Cash Management 78

7 Shifts

DECEMBER 18, 2023

Manager log books Even if it’s just a shared cloud document, you need a centralized place for your managers to exchange information. Inventory management Inventory management software helps you monitor your restaurant’s stock levels. Additionally, inventory management tools can help you prevent unnecessary waste.

Management 195

Management Management Email Marketing Point of Sale 195

Restaurant365

JULY 21, 2021

When it comes to restaurant inventory, there are a lot of moving pieces. Understanding how to master restaurant inventory management is an invaluable skill. Your inventory control tracks what is coming in and out of your restaurant and what is left over during a certain period of time.

Inventory 78

Inventory Management Management Waste 78

Xtra Chef

OCTOBER 28, 2020

Restaurant inventory management is not the most enjoyable restaurant task. Inventory management is a cost management strategy that influences your restaurant food costs , revenue, profitability, and cash flow. But having too little inventory makes it difficult to meet customer demand. Part 2: Why Inventory Management Matters.

Inventory 78

Inventory Management Management Cash Management 78

Restaurant365

MAY 17, 2022

Food inventory management goes way beyond counting the items on the shelves. The most important part of inventory management is understanding how the amount of product relates to your profit margin. Why a POS system is not suitable for inventory management. Best practices for effective food inventory management.

Inventory 78

Inventory Management Management Food 78

Modern Restaurant Management

AUGUST 5, 2020

Instead of sending documents to regional offices, employees can add their documents, sign forms, and undergo training on Delightree. Users upload invoices to gain instant insights into spending habits & ingredient-level price uctuations. Delightree app can also streamline employee onboarding. Wellness Platform.

Food Safety 527

Food Safety Mobile Ordering Online Ordering Kitchen Safety 527

Modern Restaurant Management

JANUARY 15, 2021

“The struggles of the restaurant industry are well documented and we acknowledge that some operators have not survived the pandemic,” David Portalatin , NPD food industry advisor and author of Eating Patterns in America. ” 2021’s Best Cities for Locavores.

2021 423

2021 Fast Casual Fine Dining Point of Sale 423

Restaurant365

MARCH 10, 2020

When you think of your restaurant finances, do you think of your inventory? Your restaurant inventory management is an oft-forgotten component of your finances, but the amount of product you have on hand represents a large part of your budget. What is Restaurant Inventory Management? Sitting Inventory.

Inventory 78

Inventory Management Management Waste 78

Xtra Chef

AUGUST 12, 2020

Knowing your restaurant food costs helps with menu pricing, affects prime costs, and plays an integral part in remaining profitable. Monitor Vendor Price Changes. Manage Restaurant Inventory with an Iron Fist. the period cost) or the cost price of a menu item and dividing it by the sales price (e.g.,

Food 120

Food Inventory Food Order Waste 120