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MRM Franchise Feed: Krystal Refranchising and Pieology in China

Modern Restaurant Management

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.

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How to Manage Cash Flow During Restaurant Restrictions

Restaurant365

For most restaurants, inflow is principally the cash from your food and drink sales, or related catering or merchandise. If you are a franchise business, you will have required upgrades. Keeping track of cash outflow. Your total cash outflow includes cash you spent on operating costs or any funds used to buy assets.

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2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

. – Jay Fiske, President, Powerhouse Dynamics The Future is here – Robots will become a larger part of society In 2024, I anticipate an increase in the number of robots deployed in the hospitality industry, especially in terms of cleaning, cooking and security robots. The hospitality industry suffers the most from labor shortages.

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Our Guide to Average Gross Profit for Restaurants 

BNG Point of Sale

Even as the hospitality industry and catering service businesses throughout the country begin to reopen, owners and operators are faced with a whole new set of issues. 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.

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Ghost Kitchen Franchise and Pandemic Resources

Modern Restaurant Management

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.

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Mastering Restaurant Metrics: Your Comprehensive Guide to Business Success 

Apicbase

Ideally, you want zero variance, but shrinkage is unavoidable in the hospitality business. To determine sales for your restaurant, you need to track the total revenue generated from all sources, including food and beverage sales, catering services, merchandise sales, and any other revenue-generating activities.