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When consumers order more food online, it’s clearly good for business – but it can also make it harder for businesses to manage inventory. In 2025, restaurants need to have a plan in place that ensures they are effectively managing inventory and redirecting unused, still edible food to donations.
I offered several suggestions from our allergy-friendly menu and explained the ingredients to them. Instead of panicking, I ran through our available inventory and identified an ingredient I could substitute if I modified the dish. She was still tense, I could tell, so I asked her to share any specific concerns.
Brands (owner of KFC, Taco Bell, and Pizza Hut) suffered a ransomware attack that forced the closure of approximately 300 restaurants in the UK and exposed personal information of hundreds of thousands of employees. Many insurers require you to work with their pre-approved forensic investigators, legal counsel and public relations firms.
Food Costs (COGS) Your food costs, or cost of goods sold (COGS), include everything that goes into producing your menu items, including: Recipe ingredients Beverages Condiments Disposables, like to-go containers, straws, and napkins Tracking your food costs percentage helps you understand how much of your revenue is being spent on your menu.
percent menu-price inflation rate. With households increasingly treating dining out as a luxury, every menu item and service interaction becomes a potential make-or-break moment. Red Robin climbs 3 percent to 78 thanks in large part to its focus on menu and food. At the same time, U.S. chain sales grew just 3.1
Integrating mobile inventory systems with POS platforms simplifies restaurant operations by automating inventory updates, reducing errors, and providing real-time insights. Here’s what you need to know: Benefits : Real-time stock updates, improved accuracy, and smarter inventory planning.
By accurately calculating food costs, restaurant owners can set the right menu prices, reduce waste, and maximize their profits. It helps restaurant owners and managers track expenses, set profitable menu prices, and improve overall profitability. With a target food cost of 30%, the menu price is set at: $5.15/0.30 0.30 = $17.17
They connect tools like inventory tracking, payroll, and online ordering into one system, allowing real-time data access for smarter decisions. Key benefits include: Efficiency : Automates workflows like inventory management and order processing. Labor cost monitoring : View real-time labor expenses and ensure compliance with tax laws.
These reports help you understand sales trends, manage inventory, optimize staffing, and improve customer satisfaction. Here’s what you need to know: Sales Reports : Track revenue, peak hours, product performance, and staff contributions to refine pricing, menu, and staffing.
By Tracie Johnson, Contributor Running a restaurant requires more than just a good idea, a great menu, and determination. Hiring and Training Employees for Business Growth Effective scaling of operations calls on a qualified and committed workforce.
It’s a cloud-based POS system tailored for restaurants, offering tools like inventory management, employee scheduling , and CRM. With features like dual pricing to cut credit card fees, real-time inventory tracking, and integrations with QuickBooks and Uber Eats, Lavu simplifies operations for businesses of all sizes.
Here are the 7 must have features every restaurant needs in a POS system for effective allergen management: Menu Customization : Update allergen info in real time across all locations. Reports & Analytics : Track allergen-related trends, staff compliance, and customer feedback. Real-time inventory tracking is another key advantage.
From managing orders and tracking inventory to analyzing sales data in real time, today’s POS systems are essential tools for restaurants of all sizes. Servers have to explain to diners that certain foods are off the menu until the ingredients come in. Inventory tracking is essential for owners and managers.
Source Vendors and Set Up Inventory Tracking Quality ingredients can set your deli apart from similar businesses in the area. If you are sourcing ingredients and products from multiple vendors, consider investing in inventory management software. Related: The Essential Guide to Restaurant Inventory Management Software 3.
It indicates how efficiently your restaurant produces and sells its menu items. Method to Compute CoGS Start with the value of your beginning inventory. Subtract the value of your ending inventory. The formula is: Beginning Inventory + Purchases – Ending Inventory = CoGS.
By closely monitoring and optimizing this percentage, restaurants can better manage their inventory, minimize waste, and lower their overall expenses, ultimately maximizing cost reduction. Be transparent and reward employees. It might seem counterintuitive to reduce costs associated with labor and reward employees at the same time.
Restaurant accounting is the process of interpreting and analyzing the revenue, cash flow, inventory, and income statements of a restaurant. Let’s start with some basic terms: Cost of Goods Sold (COGS): This is the cost of all the items and ingredients on your menu (Beginning Inventory + Purchased Inventory – Ending Inventory).
A retailer nowadays can manage transactions, customers, inventory, employees and analytics all through the system that works for them, be it in a traditional terminal or sleek iPad POS system. With a solid connection, you can bill items, conduct inventory checks and swipe credit cards faster than ever.
Even with these enhancements in service quality, consumers still value having a real employee on the other end providing services. Growing menu innovation and healthy fast food further drive the growth of the market. The report analyzed data from more than 30,000 QSR restaurants that generated a total of 4.5 Perkins American Food Co.
Here’s how it can transform your business: Boosts Efficiency: Automates orders, payments, and inventory tracking to reduce errors and save time. Reduces Food Waste: Tracks inventory in real-time, minimizing overstocking and shortages, saving up to 10% of annual revenue. High employee turnover adds to the problem.
Nearly two-thirds (65 percent) say they plan to increase their number of locations in 2025, and 74 percent plan to expand their menu offerings, leaning into new experiences and experimentation to power their growth. ” A Year of Challenges U.S. Texas Roadhouse’s visits grew 7.2 percent during 2024 and were up 4.2 percent during Q4.
Heres what you need to do: Export all data : Save historical transactions, employee records, and menu details. Most employees can get comfortable with a new system in just 3-5 days of practice. The Lavu team helps migrate your menu, staff settings, and order flow. How do I switch to Lavu after I cancel Toast POS contract?
Integration with online ordering, loyalty programs, and inventory tracking. payment methods, menu complexity). Configure settings (menu, taxes, staff access). Add features like online ordering, inventory tracking, and loyalty programs. Easy to train new employees and staff. Scalability for future growth.
Employees need to know how to handle mobile orders, process payments, and assist customers with the new system. Employees need to learn how to use the devices, handle payments efficiently, and troubleshoot basic issues. have found success by customizing their system to fit their specific workflows and menu offerings.
The same is true when keeping tabs on expenses, from utility bills to pay slips to employee training costs. To get a monthly average, multiply that figure by 30. How to calculate restaurant profit margins If you’ve already been in business for a year or more, calculating your average restaurant profit margin is relatively straightforward.
The right system does more than process payments—it streamlines operations, manages inventory, tracks sales, and enhances the customer experience. For example, if you’re running a bar, you’d want a bar POS system that can keep track of inventory quickly while also offering several different payment processing options for your bartenders.
There are many benefits of including these kiosks in a fast casual or quick service restaurant: Save on labor costs because you won’t need as many employees to take orders. If a customer gets stuck in the ordering process, one of your nearby employees can jump in to help everything get sorted out.
Edge computing enables sophisticated algorithms that don’t just optimize for productivity, but intelligently factor in employee skill level, tenure, availability preferences, and even family needs. Even better, general managers save valuable time and costs, reducing unexpected product outages.
Employee benefits are excluded; however, it should also be included in analyzing actual cost associated with total labor cost.” This includes having a strong knowledge of the menu and drink offerings. They also benefit from the majority of their inventory not being perishable. This maximizes revenue for the business.
Missed Growth Opportunities: Without understanding which menu items are most profitable or where operational inefficiencies lie, restaurants miss opportunities to expand, diversify, or improve their offerings. General bookkeeping typically doesn’t contend with such high volumes of small transactions or the rapid spoilage of inventory.
Master the Menu Before Multiplying It Before you even think about duplicating your operation, you need a menu that’s not just tasty but also replicable. Use Technology Like a Pro, Not a Fanboy Point-of-sale systems, reservation platforms, inventory management apps — these aren't flashy gadgets. They're essential infrastructure.
Modern POS systems simplify this process by automating allergen tagging, updating menus in real time, and integrating with kitchen tools to reduce errors. Key Features to Look For : Allergen tagging, menu customization, real-time updates, and integration with kitchen systems.
They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management. Complex Tax Regulations: The industry faces specific tax considerations related to food and beverage sales, lodging taxes, and tip income, demanding expert knowledge for compliance.
Technology : Operational tech adoption is growing, with 50 percent of restaurants using automated payroll and inventory tools to improve efficiency and operators are optimistic about technology’s role in the future of the industry. “These restaurants are building sustainable business models for the future. .”
The Darden Restaurant-owned brand rated top for fast service, fresh food, accurate orders, and customizable menu options. Along with the morning meal, snacking was a top-performing daypart, with transactions slightly growing YoY during the March period.
It also zooms in on current challenges faced by owners/operators, menu prices and inflation, and tech/AI implementation. While guests may still be feeling the pain of rising menu prices at restaurants, fewer restaurants said that they raised prices this year compared to last year. Wait Time Woes: Wait time-related reviews increased 8.5
The next phase of modern loss prevention also relates to delivery. Cobbling together chunks of data from various stores and time periods makes it very difficult to benchmark performance, connect specific menu items to delivery losses, or understand the scope of missing item orders. Step 2: Regain control of delivery data.
Numbers can give us insights into everything from profits and losses to average customer spend to how often employees cycle through. Inventory turnover ratio. Employee turnover rate. Ideal menu price. To put it simply, your cost of goods sold is how much it costs you to produce a menu item. Food cost percentage.
Full-service menu prices climbed 4.5 They’re using that information for myriad purposes—from effectively managing inventory to launching new menu items. The goal is to create an even faster, more frictionless experience while freeing up employees to focus on important duties, like fresh food preparation.
Despite challenges including inventory costs, commission fees and staff turnover, many restaurant owners are expressing optimism about moving forward, according to TouchBistro’s 2024 State of Restaurants Report. What can restaurant operators do to better handle inventory and labor challenges?
With pandemic-related restrictions being eased and dine-in being allowed again, restaurant owners are in need of a lot of staff. Most restaurateurs have increased the wage for their staff, in the hope that they can retain both current and new employees. The figures can also guide menu tweaks and promotions. cashiers.
Remember that it can also be expensive to hire and train new employees. Therefore, if you have exceptional employees at your restaurant, do everything you can to keep them around. Food and Beverage Inventory and Paper Supplies. For example, the cost related to printing menus can also be expensive.
But if your restaurant or industry related business has been able to stay open or expects to resume operations once we are on the other side of the pandemic, now may be the time to apply for a grant. 2020 has been a year like no other for restaurants and the companies who support and supply them. Sadly, too many have closed permanently.
In the kitchen – work responsibilities are divided into oversight and action positions – the number depending on the scope of the restaurant menu and the size of the operation, but basically there are chefs, cooks, and support staff. Each have specific duties and all have some shared responsibility. Improvisation that is kept in check.
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