Mon.Mar 20, 2023

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How to Analyze Restaurant Financial Statements and Identify Growth Opportunities

Modern Restaurant Management

Restaurant financial statements are an untapped source of potential growth. After all, they are made up of data, and you can use data to drive improvement. How do you determine which data to look for to optimize your statements? How to Analyze Different Restaurant Financial Statements To help you make the most of your restaurant financial statements, let’s break down how you should approach a few different types.

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The rise of ecommerce in the coffee industry

Perfect Daily Grind

Between 2014 and 2021, global ecommerce sales grew by over 269%. According to Statista, by 2027, the global ecommerce market will be worth almost US $7.4 billion. This figure has more than likely increased because of the Covid-19 pandemic, too. A recent study from the Pew Research Centre found that 90% of US citizens said the internet was “essential” for them during the pandemic.

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Want guests happy to spend more? Give them a more sustainable restaurant

Open for Business

In spite of inflation, increasing prices, and overall economic uncertainty, there’s one thing that people remain willing to pay up for: Sustainability. Even Michelin has gotten into the sustainable food movement, awarding a green star for restaurants that uphold the highest environmental standards. According to one recent survey, 66% of consumers are willing to pay more for something that’s environmentally friendly.

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Everything You Need to Know About the Pop-Up Restaurant Trend

Goliath Consulting

According to the National Restaurant Associate’s “What’s Hot Chef’s Survey, ” Pop-up restaurants are the sixth most popular restaurant concept trend. 1 While pop-up restaurants are trendy, they are an influential force in the food industry regarding creative freedom, generating revenue, and creating buzz. What is a Pop-Up Restaurant?

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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The Workers Behind Two Popular Food Network Shows Are Unionizing

EATER

BSTV Entertainment organizers say theirs is the first nonfiction food television union. | Getty Images Writers, producers, stylists, and other workers on “Trisha’s Southern Kitchen” and “The Kitchen” are forming a union with the Writers Guild of America, East Amid a years-long wave of unionization in the hospitality industry, the workers behind two of Food Network’s most popular television shows have formed a union.

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My Tart-a-Day Plan in Paris

EATER

An apple tart from Des Gateaux et du Pain. | Monica Burton/Eater Stick to this meal plan to get the most out of the city’s pastry scene This post originally appeared in the March 18, 2023, edition of Eater Travel, a biweekly dispatch from Eater’s staff about navigating places where food is the main attraction. Subscribe now. If you have ever, for even a moment, considered going to Paris, you know that bakeries are the thing.

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Crystal Lake is a Clear Leader for Business

Restaurant Business

When it comes to new business success, Crystal Lake is the clear leader. Crystal Lake, Illinois, a northwest Chicago suburban community of 40,000, has quickly translated the demand for new business into growth across multiple areas including retail, healthcare, fitness facilities, housing, and restaurants. A vital and beautiful community, Crystal Lake offers wonderful quality of living with its namesake lake, Three Oaks Recreation Area, excellent schools, a charming and vibrant downtown with eas

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If you want to up your yogurt game, this Iranian cookbook will show you the whey

The Salt

Just in time for the Persian New Year, Homa Dashtaki has published the Yogurt and Whey cookbook -- nearly 100 recipes, old and new, including some surprising ones, like whey cocktails and popsicles.

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Teriyaki Madness is not calming down

Restaurant Business

The fast-casual bowl chain has been one of the country’s fastest-growing restaurant concepts in recent years. And now it has a potential new funding source for its franchisees.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Tamar Adler shows you how to make the most of your leftovers in her new cookbook

The Salt

Tamar Adler's new cookbook is an ode to the bags of yesterday's salad in your fridge and the jars of nearly empty peanut butter in your cupboard. Leftovers, she says, are to be celebrated.

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Spring flavors spring up at First Watch, MOD Pizza and Firebirds

Restaurant Business

Taste Tracker: Chicken flocks to Taco John’s and Nextbite; Easter specials at Bob Evans and Metro Diner; Coffee Bean & Tea Leaf goes to the tropics; and more menu news of the week.

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2020 Dutton Goldfield Chardonnay Walker Hill Vineyard Dutton Ranch Green Valley of Russian River Valley

Planet Grape

The post 2020 Dutton Goldfield Chardonnay Walker Hill Vineyard Dutton Ranch Green Valley of Russian River Valley appeared first on planet grape® wine review.

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Laxman Narasimhan takes the helm at Starbucks

Restaurant Business

The coffee chain said that its CEO-in-waiting took over the permanent position on Monday for Howard Schultz, who takes a spot on the company’s board.

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The Complete People Management Toolkit

From welcoming new team members to tough termination decisions, each employment lifecycle phase requires a balance of knowledge, empathy & legal diligence.

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2017 Dutton Goldfield Syrah Cherry Ridge Vineyard Dutton Ranch Russian River Valley

Planet Grape

The post 2017 Dutton Goldfield Syrah Cherry Ridge Vineyard Dutton Ranch Russian River Valley appeared first on planet grape® wine review.

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ItsaCheckmate acquires digital ordering company Open Tender

Restaurant Business

The third-party integration expert wants to help restaurants generate first-party orders, too. They can use Open Tender to build apps and websites.

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2020 Dutton Goldfield Zinfandel Morelli Lane Vineyard Russian River Valley

Planet Grape

The post 2020 Dutton Goldfield Zinfandel Morelli Lane Vineyard Russian River Valley appeared first on planet grape® wine review.

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Restaurants turn to the states for relief on credit-card fees

Restaurant Business

Working Lunch: The argument against including sales taxes in the fee base is gaining traction.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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2020 Dutton Goldfield Pinot Noir Angel Camp Vineyard Anderson Valley

Planet Grape

The post 2020 Dutton Goldfield Pinot Noir Angel Camp Vineyard Anderson Valley appeared first on planet grape® wine review.

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Former Legal Sea Foods CEO Roger Berkowitz tries e-commerce

Restaurant Business

The son of the chain's founder has launched a direct-to-consumer online seafood market called Roger’s Fish Co.

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2020 Dutton Goldfield Chardonnay Dutton Ranch Russian River Valley

Planet Grape

The post 2020 Dutton Goldfield Chardonnay Dutton Ranch Russian River Valley appeared first on planet grape® wine review.

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1000 Degrees buys fellow fast-casual pizza chain My Pie

Restaurant Business

The new owner plans to make more restaurant acquisitions as it builds a platform of franchise brands.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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Howard Schultz Steps Down as Starbucks CEO Ahead of Schedule

EATER

The Washington Post via Getty Im [link]

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2020 Dutton Goldfield Pinot Noir Mendocino Hills Mendocino

Planet Grape

The post 2020 Dutton Goldfield Pinot Noir Mendocino Hills Mendocino appeared first on planet grape® wine review.

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Michelle Zauner Has Picked a Director for Her ‘Crying in H Mart’ Movie 

EATER

Tonje Thilesen, Ben Weller [link]

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A Former Royal Chef Is Serving Fish and Chips Out of a Vancouver, Washington, Food Cart

EATER

Winston’s British Fish N Chips [link]

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Top 5 Ways to Optimize Your Loyalty Strategy

Speaker: Lauren Barash, Vice President, Brand Marketing

In an ever-evolving industry, building and retaining loyal customers is critical to the success of any restaurant business. Join Lauren Barash, VP of Brand Marketing at Full Course, as she delves into the world of restaurant loyalty programs, and reveals the top five essential strategies to optimize your approach! This webinar will explore: Loyalty trends and what you should be focusing on 📊 Actionable insights and ideas to help you develop the most powerful and effective loyalty program