Modern Restaurant Management

NOVEMBER 10, 2022

Traditional sit-down restaurants and mobile food businesses have uniquely different needs when it comes to insurance. While there is some overlap in coverage needs, it’s important to understand the differences when it comes to insuring your business. Traditional Sit-Down Restaurant Insurance Needs. Property Insurance.

Insurance

Modern Restaurant Management

MARCH 20, 2020

Furthermore, Franchise Direct, as of 2018, determined that there were nearly 275,000 franchised restaurants in the United States. And at each and every one of them, operators and franchisees are entirely beholden to the security provided by that franchise brand. Without it, just one breach could spell the end.

Online Ordering

Modern Restaurant Management

NOVEMBER 1, 2019

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. " Macaluso hired Cypress to insure a consistent and disciplined approach to the process. Send news to Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com.

Franchise

Modern Restaurant Management

JANUARY 2, 2024

As the demand for robotics increases, solutions like franchising and bringing robots closer to home will augment market growth and penetration. As the demand for robotics increases, solutions like franchising and bringing robots closer to home will augment market growth and penetration. Golden Corral is one.

2024

Modern Restaurant Management

OCTOBER 19, 2023

It’s hard to escape the continuing boom in restaurant franchises. Quick-serve brands are leading the trend, and not just for restaurants, but for franchises overall. Even experienced operators know that navigating the compliance requirements laid out by each state’s franchise registration rules isn’t easy.

Insurance

Modern Restaurant Management

MAY 18, 2022

There are significant differences in benefit structures between large operators versus small operators and franchise operators versus brand operators. In 2021, smaller plans that are often fully insured (fewer than 500 participants) saw a 9.6-percent Consider these factors: According to PwC, medical trend is forecast to be 6.6

Insurance

Modern Restaurant Management

MAY 12, 2022

Quality Control, Legal and Insurance. Always consult with counsel and an insurance specialist to make sure you have good general liability insurance with specific additional riders for situations like a product recall or a foodborne illness. These last steps require certain expertise and skilled professionals to help you.

Retail

Goliath Consulting

APRIL 28, 2020

Larger franchises have offered free delivery (McDonalds, Applebee’s, IHOP, Panera Bread, Wingstop and Chipotle Mexican Grill, among many others) to accommodate decreasing on-premise sales (1). Even larger brands, like that of the sub/sandwich franchise Jersey Mikes, relied on third-party delivery as a way of managing within its capacity (4).

Delivery

Modern Restaurant Management

AUGUST 5, 2020

ECJ’s Food, Beverage and Hospitality Department attorneys advise food and beverage clients, startups and other businesses on a comprehensive range of issues, including employment, trade secrets, partnership disputes, contract negotiations, intellectual property, licensing and franchise disputes. Velazquez (real estate), Peter S.

Food Safety

Modern Restaurant Management

MARCH 16, 2020

Global insurance brokerage Hub International , is responding tonumerous inquiries asking for more guidance through the Coronavirus crisis. Insurance coverages that may apply and how you need to approach the claims process. .” On Tuesday, March 17 , Roslyn Stone, MPH, COO of Zero Hour Health and Founder of Zedic.

Food Safety

Modern Restaurant Management

DECEMBER 13, 2019

I may own Our Town America, a national direct mail marketing franchise, specializing in reaching people who have just moved to the community, but I recognize there are other ways to market your business. The New York Life Insurance Company is believed to be the first company to begin using direct mail promotions, in 1872.

Email Marketing

Modern Restaurant Management

APRIL 3, 2020

Business interruption insurance is an extremely important type of coverage in an insurance policy which is intended to cover for lost income sustained as a result of a covered peril in order to allow for the continuity of your business into the future.

Government

Modern Restaurant Management

MARCH 25, 2020

Qualified Businesses Include but not Limited to: Restaurants Independent or Franchise. These restaurants and businesses need a specialized insurance policy. The coverage sits excess of the driver's own insurance. Grocery Stores. Liquor Stores. And Others. Multiple Program Highlights: Hired and Non-Owned Auto Coverage.

Online Ordering

Goliath Consulting

APRIL 4, 2020

Filing for Georgia Unemployment Insurance (UI) can be a complicated process leading to multiple questions from both the employer and the employee. By Colin Kopel. This frustration of filing claims is magnified during the coronavirus pandemic due to the mass influx of claims overloading the GA DOL’s capabilities.

Website Management

Modern Restaurant Management

JUNE 24, 2020

Moralejo’s prior experience spans over two decades, leading global teams in various operations, franchise development and legal leadership roles at Burger King. Moralejo joins Dine from CHURCH’S/TEXAS CHICKEN (Cajun Operating Company), an international quick service restaurant company.

Guest Recovery

The Restaurant Times

AUGUST 25, 2022

Vikas Punjabi – When I was planning to move back to India, I got the master franchise rights of The Chocolate Room for India. By 2008, we figured out that franchising was the way to scale The Chocolate Room brand. Ever since we have been franchising and right now have more than 395 stores across the country.

Franchise

Modern Restaurant Management

NOVEMBER 4, 2019

In other words, no pizza insurance policy needed and freed up space in the fridge for leftovers. Not only does the round box contain less overall packaging compared to a typical square pizza box, it's also industrially compostable (where available) and interlocks easily to ensure a smoother delivery.

Fast Casual

Restaurant365

FEBRUARY 25, 2020

Although factors like franchise affiliation may affect profit margins, fast casual restaurants typically have an average profit margin of 6-9%. 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.

Loyalty Program

Restaurant365

APRIL 1, 2020

For a restaurant, your operating cash flow expenses include everything you need to be in business, such as the cost of your food and drink inventory, payroll, utilities, insurance, and rent, as well as expenses like interest on a loan or payments on equipment. If you are a franchise business, you will have required upgrades.

Cash Management

7 Shifts

AUGUST 18, 2024

Buying into a franchise can be a good option because it provides support and brand recognition. For example, do you have to buy insurance? How to Start a Bar in 14 Steps You understand the pros and cons of owning a bar, the costs involved, and what you can expect to make, but how exactly do you open a bar , and what are the steps?

Bar

Aaron Allen & Associates

FEBRUARY 4, 2020

In some cases, this can help to optimize resources and shift risks (pensions, labor unions, taxes, insurance, administrative burden) if you pay enough to keep mercenaries. Marco’s Pizza separated the franchising department into a new company (Marco’s Franchised Services). and Hardee’s headquarters into a smaller one in 2016.

2020

The Restaurant Group

MARCH 11, 2024

But restaurant finances are notoriously complex, with so many types of expenses to manage: Dining and kitchen supplies Commercial real estate Utilities Maintenance Insurance Marketing Payroll And more Restaurant budgeting can be head-scratching and very time-consuming. Every restaurant must aim to spend low and earn high.

Management

Modern Restaurant Management

MARCH 11, 2020

. "Understanding that cash flow is a major issue for most independent restaurateurs we removed that obstacle by allowing our customers to get started from just $249 rather than the tens or hundreds of thousands it costs to launch most restaurants or buy a franchise." " The TWO HENS monthly license fee is $249.

Bar

BNG Point of Sale

AUGUST 12, 2021

Benefits of Franchise Operation and Restaurant Chains in the Hospitality Industry . If you plan to run multiple franchise chains or are a hospitality provider with multiple locations, you benefit from this same profit per restaurant. As a result, franchise owners and hospitality restaurant owners can become quite wealthy. .

Franchise

Modern Restaurant Management

JULY 27, 2020

In this edition of MRM News Bites, we feature sobering statistics from Yelp, a ghost kitchen franchise model, franchise explosions expected and falling for for an improved PSL. Ghost Kitchen Franchise Model. After signing a franchise agreement, owners are operational on the platform within 10 days. Yelp Sees COVID Effect.

Franchise

The Restaurant Times

NOVEMBER 25, 2021

Whether you own an elite fine dining establishment or a fast-food franchise, you’ve probably experienced the challenges of finding and retaining a strong restaurant staff. . The long-term benefits of providing health insurance outweigh the drawbacks, but getting past the initial obstacles is the difficult part.

Healthcare

Apicbase

JANUARY 28, 2025

Employer National Insurance Contributions (NICs ): Employer NIC rates will rise from 13.8% Franchising or licensing lets you grow your business without taking on all the running costs. That said, running a franchise is completely different from running a restaurant. per hour for workers aged 21 and older.

2024

BNG Point of Sale

AUGUST 27, 2021

With reduced profit margins, it can be tough to stay afloat, let alone branch out into other ventures and live up to your end of the bargain when franchising. It is not easy running a restaurant. How To Improve Restaurant Profit Margins .

Point of Sale

Modern Restaurant Management

MAY 14, 2021

On Monday, May 17, Applebee’s will host a National Hiring Day event at franchise and company-operated restaurants nationwide. Through this hiring initiative, Applebee’s and its franchise partners aim to welcome 10,000 new team members. . They have the demand from customers, but not enough employees.

Hiring

Modern Restaurant Management

APRIL 7, 2020

Ensuring business interruption insurance covers COVID-19. Right now, restaurants aren’t receiving the benefits they deserve from insurance companies. The fund is also intended to assist restaurant workers who will not qualify for unemployment insurance or the federal stimulus payment because of immigration status or other issues.

Tip Distribution

Apicbase

JUNE 16, 2023

Overhead Rate Overhead expenses are the indirect costs a restaurant incurs, such as operational expenses like rent, utilities, taxes, administrative staff salaries, insurance, licences, and permits. Together with gross profit, net profit margin is also an important franchise restaurant performance metric.

Point of Sale

Perfect Daily Grind

NOVEMBER 18, 2022

Caribou Coffee opens its first domestic franchise location in the US. The new store in Wooster, Ohio is the first of several planned franchise locations. The Filipino fast food chain says it terminated its franchise agreements to focus on larger business operations. Wed, 9 Nov – Jollibee Foods Corp.

2022

7 Shifts

NOVEMBER 3, 2022

The QSR franchise started in Seattle and serves up Asian-inspired bowls and appetizers. Starbucks provides health insurance for gender-affirming procedures. You can set policies all day, but if you don't live those policies, it's just a piece of paper,” says Shanlee Kasson, VP of Operations Integrations at Teriyaki Madness.

Leadership

Modern Restaurant Management

JANUARY 11, 2022

Most entities cannot afford the potential employee attrition that may result from such a requirement, and, due to franchises with multiple locations, developing an effective attestation program could be expensive and quite complex. At this time, almost all plans have incorporated these components.

2022

EATER

AUGUST 22, 2022

The chef mumbled something about pet insurance, and they began discussing daily life minutiae. Hamlin came in; they discussed their dog, who was having dental problems. You want to see a menu?”. “We We can’t afford it,” Hamlin joked. The bakery and Kitsune closed within two months.).

Fine Dining

Modern Restaurant Management

FEBRUARY 26, 2021

Jan-Pro Franchising Int'l, Inc. Restaurant Claims for Business Interruption Coverage Flounder : A number of restaurants throughout the country have brought suit against their insurance companies, arguing that business interruption insurance should cover losses suffered due to COVID-19 shutdowns.

2021

Modern Restaurant Management

SEPTEMBER 23, 2021

Like veritably all businesses in the post pandemic era, those operating in the restaurant, café, food truck or other type of F&B franchise space are experiencing a wave of major change—as is the franchising trade at large. Beyond this dynamic, there are a myriad of other problems with franchise portals.

Franchising