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How to Handle Temporary Restaurant Closure during COVID-19

7 Shifts

Due to the volatile situation caused by COVID-19, restaurateurs across the globe are having to temporarily close their businesses to support social distancing. Consider things like merchandise sales, inventory sales, or private cooking lessons. Social Distancing” and “Flatten the Curve” are more than buzz words of 2020.

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How to Open a Coffee Shop: The Ultimate Guide

7 Shifts

A common way for coffee shops to get financed is through business loan programs. Planned marketing strategies: Will you have a loyalty program? Will you use social media marketing? List all employees and partners. Shelving if you're selling merchandise like hats or t-shirts. Business loan.

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MRM Research Roundup: Mid-April 2020 Edition

Modern Restaurant Management

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the dismal March restaurant sales, security, loyalty, trends and teen consumer behaviors. The sharp decline in sales has reached all restaurant dayparts as regular daily routines got upended by the social distancing guidelines. percent in March.

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How the Tech Industry is Shaping the Future of Dining

Lavu

Yelp reviews and social media food photos have transformed how people share their dining experiences—and how they decide where to eat next. In the twenty-first century, restaurant software and technology have become exceptionally sophisticated, largely with the emergence of restaurant-related apps. Menu customization.

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Our Guide to Average Gross Profit for Restaurants 

BNG Point of Sale

To calculate your restaurant’s gross profit, you need to subtract the total cost of goods sold (COGS) for a specific period from your total revenue (your total food, beverage, and merchandise sales). For restaurant expenses and a wide range of other related issues, restaurant owners focus on three primary key metrics: .

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

Notch

Here’s an example: One restaurant manager we’ve connected with occasionally removes the trash cans from his kitchen and replaces them with food scrap boxes, labeled with each employee's name. As an alternative, find ways to get fewer employees to do essential tasks that might otherwise get hired out.

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

Notch

Here’s an example: One restaurant manager we’ve connected with occasionally removes the trash cans from his kitchen and replaces them with food scrap boxes, labeled with each employee's name. As an alternative, find ways to get fewer employees to do essential tasks that might otherwise get hired out.