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2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

On Menu Ingredients We predict the rise of “bougie” ingredients like caviar, lobster and truffle popping up at restaurants at more affordable prices and in more casual settings like fast casuals and QSRs. I am concerned that rising insurance costs may force some chains to exit the market. Golden Corral is one.

2024 193
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Despite Improved 2024 Outlook, Labor, and Other Risks May Drag Restaurants Down

Modern Restaurant Management

Another growing risk: nuclear verdicts over dram shop law violations, driving up the costs of liquor liability insurance. Quick service, fast casual and bars and taverns have exceeded where they were in February 2020. One of the impacts will be on employment practices liability insurance in 2024. Here’s an overview.

2024 114
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Restaurant Staffing Crisis Solutions: Experts Weigh In

Modern Restaurant Management

“We are seeing sign-on bonuses at fast food and fast casual locations, something never seen before in the industry. Fast casual will continue to push out full-service brands because they can assemble food in front of you and get food to the customer more quickly.

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How Katie Button redesigned their wage model to adapt post-pandemic

7 Shifts

And you're just working as fast as you can, whether you are cooking, prepping, washing dishes, whatever you are doing, you are hustling. It's also been there for so long, and we were the first ones in a casual fine dining restaurant, full-service restaurant in Asheville to go to a tip sharing model. It gets it out of the insurance.

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What is the Average Profit Margin for a Restaurant?

Restaurant365

Fast Casual Restaurants. Fast casual restaurants, also known as fast food or quick service restaurants, involve ordering at a counter or doing some level of self-service. Although factors like franchise affiliation may affect profit margins, fast casual restaurants typically have an average profit margin of 6-9%.

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NCR Reveals 2022 Hospitality Trends and Predictions

Modern Restaurant Management

This is why next year, operators will offer more benefits like hiring incentives, higher hourly wages, health insurance, paid time off, earned wage access (EWA) and more to not only hire fresh labor, but retain top talent. It isn’t unemployment benefits giving employees pause: it’s underappreciation. Gluten-free buns, please.

2022 186
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15 Restaurant Metrics to Know and How To Use Them

7 Shifts

Fast-casual: 28.9%. Casual: 33.2%. Upscale casual: 30.4%. To get your restaurant's break-even point, you'll need the following: Total fixed costs, like rent, salaries, and insurance. What Percentage Should Labor Cost Be In A Restaurant? Pizza: 31.3%. Food Cost Percentage. What is food cost percentage?