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Tech to Trash Can – How Technology Is Redefining Food Waste

Modern Restaurant Management

Food waste is recognized as an endemic challenge around the world. is wasted each year, about 119 billion pounds, estimated at over $408 billion. For restaurants, an industry with challenging profit margins, minimizing food waste is nothing less than a survival strategy. But unchecked waste can threaten the bottom line.

Waste 466
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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 food special for the week is Chicken Cacciatore, but you’ve run out of chicken. At this point, you can pay a hefty rush fee, or lose potential sales by removing the special from the menu.

Audits 283
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How to Analyze Restaurant Financial Statements and Identify Growth Opportunities

Modern Restaurant Management

Balance Sheet This document provides insight into the current state of your finances (up to a specific date). Income statement (P/L statement) This document shows restaurant owners how much they’ve made versus their losses, so they can determine whether their ROI was sufficient to balance their spending.

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Tyga Bites and Sushi with an Attitude

Modern Restaurant Management

in-restaurant dining and online ordering for pickup or delivery), which can be leveraged to drive highly customized campaigns using a built-in marketing solution. Now available through Grubhub, it is a delivery-only concept that specializes in antibiotic-free, oven-baked, boneless chicken bites. ” Tyga Bites Launches.

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COVID-19 Resources for Restaurants

Modern Restaurant Management

In particular, quickly pivoting to find ways to aggressively drive carry-out and delivery business; keeping restaurants operating in order to retain GMs; ramping up grass roots community and neighborhood marketing tactics; and working with landlords and vendors for accommodations on payments.

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Owning a Bar: Everything You Need to Know

7 Shifts

This document will outline your bar's concept, menu, marketing strategy, and financial projections. Sorting Out Paperwork and Licensing Below is a breakdown of the licenses and documentation you'll need: Business license : The cost of registering your business will vary by state and includes a registration and filing fee.

Bar 370
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Understanding Restaurant Finances & Financial Statements in 2024

7 Shifts

By analyzing these reports, you can optimize pricing, control restaurant costs , reduce waste, and improve overall profitability. It helps you see which ingredients are being used frequently so you can maintain the right amount of stock on hand, reducing waste and spoilage.

2024 221