Modern Restaurant Management

JULY 14, 2023

Restaurant insurance is complicated. Just as owners have to play many roles in management, marketing, and menus, their insurance has to protect their finances, patrons, and employees. And who has the time to read a 100-page insurance policy? These are often excluded from standard policies and be potentially costly.

Insurance 221

Insurance Food Safety Employee Relations Small Business 221

ChowNow

APRIL 15, 2025

Examples include: Rent or mortgage payments Insurance premiums Loan payments Salaried employees (like general manager or executive chef) Because theyre consistent, fixed costs are easier to budget for, but that also means theyre harder to reduce without significant structural changes.

Operations 195

Operations Online Ordering Customer Service Customer Experience 195

Modern Restaurant Management

MARCH 3, 2022

Low-power IoT solutions, in particular, offer added benefits because they draw much less power than higher-price cellular or Wi-Fi-enabled solutions to transmit data, which means devices last longer without the need for replacement batteries, resulting in a lower total cost of ownership. Each year, insurers pay out $2.5

Food 530

Food Food Safety Customer Service Customer Experience 530

7 Shifts

AUGUST 18, 2024

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums. Indeed, controlling restaurant costs is one of your biggest challenges.

License 370

License Equipment POS Food Supply 370

7 Shifts

JULY 12, 2024

Fixed costs Fixed costs are expenses that remain constant, including rent, insurance, and utilities. If transferring isn’t an option, you can try to reduce other fixed costs like insurance premiums. Compare different policies and choose one that offers good coverage at a reasonable price.

Food Truck 397

Food Truck Customer Service Seasonal Menu Loyalty Program 397

Harbor Touch

MARCH 18, 2025

Equipment and Furniture: Deduct That Big Spend New ovens or tables can cost a chunk, often $5,000 or more. Accounting Tip: Log equipment purchases in your accounting software under equipment. Deduct the cost, not staff time or full price. Staff pay: salaries, insurance, bonuses. Insurance: property, liability.

Point of Sale 138

Point of Sale POS Restaurant Law Equipment 138

ChowNow

MAY 9, 2025

Factors like portion size, seasonal ingredients, and market price changes all affect this number, which is why inventory management and regular updates to your recipes and pricing matter. Fixed costs like rent, property taxes, insurance, and utilities are all part of your occupancy costs.

Operations 195

Operations Email Marketing Food Supply Seasonal Menu 195

Modern Restaurant Management

MARCH 11, 2025

. – Sophia Goldberg, Founder and CEO, Ansa The big lesson I learned is that I've had to continue to adapt my pricing, because people are still watching their spending. That's why we instituted lower-priced lunch specials and made other adjustments. – Izzy Kharasch, President and Founder of Hospitality Works, Inc.

Front of House 221

Front of House Loyalty Program Recruiting Customer Experience 221

Culinary Cues

FEBRUARY 28, 2021

Now here is the kicker – excellence has very little to do with the price you charge or the type of product or service you provide. What piece of equipment will be most successful in reaching your goals of deliciousness? The culture of these businesses insists on the relentless pursuit of greatness.

Uniforms 450

Uniforms Fine Dining Small Business Customer Service 450

Perfect Daily Grind

SEPTEMBER 22, 2022

Over the past year or so, coffee prices have been steadily increasing. The first sign that prices would increase was a sudden frost which hit some of Brazil’s major coffee-producing regions in late July 2021. Since then, prices have consistently remained above the US $2 mark. Exploring prices and costs at origin.

Pricing 217

Pricing Retail Supplies Point of Sale 217

7 Shifts

NOVEMBER 22, 2021

It also requires money to open a restaurant and build it out, buy equipment and finance the operation until it reaches break-even. Marketing Plan : detail your pricing structure (e.g., premium pricing), your location, your menu, and the promotional strategies (e.g., social media marketing ) you will employ.

Document 393

Document Small Business Cash Management Take-out 393

7 Shifts

AUGUST 7, 2024

It is affected by seasonality, market prices, and even pop culture. Determine your ideal menu price Multiply your plate cost by the food cost percentage to reach a target menu price. per serving Consider variables You can price the burger at $9.25 (rounding up) and make a profit on it. Food prices have been on a steady 2.6

Food 370

Food Seasonal Menu Inventory Pricing 370

7 Shifts

AUGUST 18, 2024

Equipment : What equipment will you need? Sourcing the Right Equipment Your budget, target market, and concept will dictate your equipment needs. Make sure to get quotes from multiple suppliers so you can compare prices and services. Pricing should match your target market and theme. Keep it simple.

Bar 370

Bar License Email Marketing Customer Service 370

Modern Restaurant Management

JANUARY 31, 2025

The research found that businesses worldwide – particularly restaurants – intend to experiment more in 2025, especially with customer retention programs like loyalty, as they face the triple challenge of sustained high inflation, shrinking consumer wallets and the need to raise prices across the board. percent decrease in claims.

Marketing 221

Marketing Loyalty Program 2024 2025 221

SpotOn

FEBRUARY 26, 2025

So you have your bartenders work on their pours and you raise prices on three popular reds. Health insurance, retirement plans (401(k)), paid time off (PTO) (vacation, sick leave, holiday pay), workers compensation, and meal discounts Training and onboarding. This helps reduce future equipment purchases. Equipment leases.

Point of Sale 88

Point of Sale License Insurance POS 88

Modern Restaurant Management

JUNE 24, 2020

He also held various leadership positions at Bank of America, serving as Senior Vice President/Chief Information Officer within the Insurance Services division, as well as Chief Technology Officer for the home loans and insurance division. It also integrates with Apple Pay so guests have complete control over their payment options.

Guest Recovery 539

Guest Recovery Kitchen Safety Mobile Ordering Food Safety 539

7 Shifts

JUNE 4, 2021

Ideal menu price. Your CoGSs is an essential number to have when determining your menu prices, inventory and impacts your net profit margin. It also plays a key factor in pricing your menu. To get your restaurant's break-even point, you'll need the following: Total fixed costs, like rent, salaries, and insurance.

Point of Sale 416

Point of Sale Inventory Employee Relations Customer Service 416

Modern Restaurant Management

JULY 1, 2020

The importance of the price of offering lowered from 78 percent to 50 percent. Prioritizing price amidst COVID-19 fell by almost half among those ages 60+, from 78 percent considering it a top-three factor prior to the outbreak to 41 percent now. For those who would choose to travel, purchasing insurance is key. A total of 71.6

2020 450

2020 Travel Food Safety Consumer Goods 450

EATER

FEBRUARY 24, 2021

Many restaurants already had to buy heaters at inflated prices, given the increased demand as temperatures started dropping last fall. But the financial burden extends beyond just the cost of the equipment itself. It just felt like a double whammy, given everything that we had already been trying to get through.”.

Outdoor 284

Outdoor White Paper Back of House Insurance 284

Modern Restaurant Management

DECEMBER 31, 2024

The primary response was menu price increases, with nearly 61 percent of respondents adjusting prices to cope with the new reality. Despite brands’ value focus, average price continued to increase, up +2.6 Traffic stayed in positive territory (+1.3 percent YOY. Net sales were up 4.9 percent as a result.

Franchise 221

Franchise Franchising 2024 Mobile Ordering 221

Modern Restaurant Management

MARCH 25, 2020

These restaurants and businesses need a specialized insurance policy. Hired and Non-Owned Auto insurance provides third party liability coverage for the business when an employee uses their personal vehicle for business purposes such as delivering products (food, grocery etc…). Delivery service is not easy.

Online Ordering 289

Online Ordering Insurance Mobile Ordering Website Management 289

ChowNow

AUGUST 23, 2024

By conducting a break-even analysis, you can make informed decisions about pricing, cost management , and overall strategy. Examples include rent, salaries, insurance, and equipment leases. Selling Price per Unit : This is the average price at which you sell your dishes. What Is a Break-even Analysis?

Point of Sale 195

Point of Sale Insurance Cash Management Equipment 195

Lavu

JUNE 6, 2025

With rising ingredient prices, labor shortages, and tighter margins, operators must find strategic ways to reduce restaurant costs without compromising quality or customer experience. Increasing restaurant profits allows you to invest in upgrades, like better equipment or a nicer place for customers to eat.

Loyalty Program 78

Loyalty Program Waste Recycling Inventory 78

7 Shifts

SEPTEMBER 16, 2024

No matter the cause, selling a restaurant requires careful preparation and strategy to ensure you get the best price and attract the right buyer. If your business is priced too high, buyers may overlook it. For example, if your restaurant's equipment and fixtures are worth $50,000, that would become the base value for the sale.

2024 195

2024 Document Point of Sale Cash Management 195

The Food Corridor

MARCH 3, 2025

These licensed commercial spaces give operators a place to store inventory, prep food, and clean their equipment—ensuring they meet health codes and run efficiently. Storage & Prep Space – Commissaries offer access to commercial equipment, dry storage, and prep stations, without the need for a large upfront investment.

Food Truck 52

Food Truck Kitchen Safety License Food 52

7 Shifts

JULY 21, 2020

Healthcare costs: group healthcare benefits, insurance premiums, etc. SBA 7(a) loans can be used on a variety of business expenses: purchase equipment, upgrade your real estate, stock up on inventory, tackle an emergency, and more. times your restaurant's monthly payroll costs.

Cash Management 300

Cash Management Government Small Business Healthcare 300

EATER

JANUARY 18, 2022

However, that puts her labor costs at higher than the average, and underestimating her fixed costs — like equipment, maintenance — affect that too. Even though she wants to keep the menu affordable, Lê will soon need to balance her high fixed and labor costs with the prices she charges. Menu price: $10.50. Profit: -$3.01 (loss).

Online Ordering 246

Online Ordering Food Order Seasonal Menu Pricing 246

EATER

MAY 31, 2023

It’s harvesting honey, centrifuging honey, bottling honey, labeling bottles, dealing with wholesalers and market managers, cash apps and banks, insurances, clients, and schools. I still use some of my great-grandfather’s equipment. It’s being a carpenter, painter, mechanic. What advice would you give someone who wants your job?

Insurance 246

Insurance Email Marketing Cash Management 2005 246

7 Shifts

MAY 23, 2024

Your restaurant expenses may vary depending on various factors, such as the equipment you use, your business location, the size of your operation, and whether you own or rent your commercial space. Solutions can include preparing for possible changes in pricing, staffing, customer trends, and new technology.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Employee Relations 221

ChowNow

AUGUST 19, 2024

For example, new businesses might face initial negative cash flow as they cope with large one-time costs like new equipment and employee training. Negotiating with your suppliers for better prices can also make a huge difference. That includes rent, insurance and other utility suppliers as well.

Cash Management 195

Cash Management Management Management Inventory 195

Modern Restaurant Management

JUNE 28, 2024

The main takeaway: It’s led to higher prices and lower foot traffic at many of the state’s dining establishments. “As a result of the minimum wage increase, most chains have raised prices in the region anywhere from the mid-single digits to the midteens,” writes Hottovy. percent lower than the national average.

2024 294

2024 Mobile Ordering White Paper Food Order 294

Modern Restaurant Management

JUNE 12, 2023

Even better, capitalize on the moment and attract more guests by extending happy hour or advertising a pricing special. Keeping your guests in the know will help insure their safety, as well as your staff’s, and ensure everyone’s expectations are set appropriately.

Kitchen Safety 221

Kitchen Safety Online Ordering Outdoor Communication 221

Modern Restaurant Management

AUGUST 5, 2020

In recent months, they have been advising clients on issues ranging from Paycheck Protection Program (PPP) loans to reducing and rehiring employees to recovering losses from insurance companies and renegotiating leases. Selvin (insurance and business interruption) and Elliot N. Other members of the new practice include: Randy S.

Food Safety 527

Food Safety Mobile Ordering Online Ordering Kitchen Safety 527

The Rail

NOVEMBER 29, 2023

There will be electrical and sound equipment needs that will need to be ironed out, whether you have live performers or a DJ. Cost considerations are especially important if the entertainment you are considering requires an investment in equipment or modification of your existing venue.

Entertainment 147

Entertainment Bar Equipment Sports 147

Perfect Daily Grind

NOVEMBER 27, 2022

The type of energy used largely depends on the roaster’s equipment – including drum and fluid bed roasters. In some countries], you may also need to own a special licence and a certain type of insurance because of the carbon emissions produced,” Amir says. By far the most important factor to consider is the difference in heat transfer.

Equipment 148

Equipment Sustainability Supplies Technology 148

Restaurant365

DECEMBER 17, 2019

Recurring restaurant costs would include costs like lease or mortgage payments, employee salaries, food and beverage costs, utilities, insurance and permits. Fixed costs such as insurance, rent, and loan payments do not fluctuate month to month. This includes everything from napkins to kitchen equipment, as well as licensing costs.

Point of Sale 120

Point of Sale License Insurance Employee Relations 120

The Restaurant Times

JUNE 17, 2021

When opening a new restaurant, bakery, or cafe, one of the first things that pops up in one’s mind is buying kitchen equipment. This is where used kitchen equipment comes into the picture. As necessary as kitchen equipment is, it is possible to lower its cost by opting for second-hand apparatus. Source: RestoHub.

Equipment 52

Equipment Recycling Insurance Sourcing 52