Remove Employee Relations Remove Hotels Remove Tip Distribution Remove Training
article thumbnail

What Now? COVID-19 Survival Guide for Restaurants

Modern Restaurant Management

." "This is a very challenging time, and we're experiencing something we have never had to deal with before," said Jennifer Petrocelli, executive director of The Preston House & Hotel, a participating restaurant. "We The experts at Virtual Solutions have put together advice on dealing with financial pressures.

article thumbnail

Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

Below, you'll find a series of actionable tips, tricks, and strategies you can employ today to do exactly that! Hotels, for example, can yield net margins of around 10%. If he saw good, usable product, the manager would provide some instant training. Profits equal revenue minus costs. Alcoholic beverages average out around 20%.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

Below, you'll find a series of actionable tips, tricks, and strategies you can employ today to do exactly that! Hotels, for example, can yield net margins of around 10%. If he saw good, usable product, the manager would provide some instant training. Profits equal revenue minus costs. Alcoholic beverages average out around 20%.

article thumbnail

Minimum Wage Updates: January 2022

Hot Schedules

To ensure you stay compliant, we’ve compiled every jurisdiction upping their minimum wage, tip credits, and/or tipped cash wage rates starting January 1, 2022. State New Minimum Wage New Tip Credit New Tipped Cash Wage. CA (26+ employees) $15.00. NJ (6+ employees) $13.00 $7.87 $5.13. AZ $12.80 $3.00 $9.80.

2022 148
article thumbnail

State of the Industry and More Restaurant Research

Modern Restaurant Management

Eighty-seven percent of operators say they'll likely hire additional employees during the next 6–12 months if qualified applicants are available. Only one in ten operators think recruiting and retaining employees will be easier in 2023 than it was in 2022. million by 2030. million by 2030. Calmer Seas Ahead The U.S.

2023 204
article thumbnail

Uber Eats Up Postmates and PPP Loan Data

Modern Restaurant Management

Countless restaurants across the country used a PPP loan to keep their employees on the payroll even while shuttered, but they are emerging from the program with challenges that have only grown in scope. The data release also includes overall statistics regarding dollars lent per state, loan amounts, top lenders, and distribution by industry.

article thumbnail

EZ PPP Forgiveness App and Yelp’s New COVID Help

Modern Restaurant Management

Did not reduce the salaries or wages of their employees by more than 25 percent, and did not reduce the number or hours of their employees; OR. Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25 percent.