Apicbase

OCTOBER 14, 2022

It’s a giant leap from running a handful of locations in-house to franchising your restaurant. This article lists ten crucial restaurant franchise metrics. Owning a franchise means collaborating with multiple independent business owners. 10 Key Metrics Restaurant Franchises Should Focus On And How To Improve Them.

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Franchise Franchising Loyalty Program Online Ordering 52

Modern Restaurant Management

AUGUST 11, 2021

For example, in 2019, a Cincinnati-based restaurant, Buffalo Wings & Rings, a franchise with 60 locations across the U.S, As a result, the restaurant saw a 62 percent increase in loyalty member sign ups and received over 7,000 check-ins from existing loyalty members in just two weeks. Support Women. Get Hungry for Feedback.

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Loyalty Program Social Media Mobile Ordering Online Ordering 198

Modern Restaurant Management

JANUARY 12, 2022

The pandemic has permanently altered the consumer-restaurant relationship with operators investing in technology and real estate to align with changing consumer preferences, according to the 2021 Restaurant Franchise Pulse survey, conducted by TD Bank. " Restaurant real estate changes to align with consumer preference.

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2022 Mobile Ordering Guest Recovery Point of Sale 215

Modern Restaurant Management

DECEMBER 28, 2020

When others have pulled back, we kept innovating by adding new menu items (a new Porterhouse steak, Wagyu New York Strip), half priced bottles of South American wine, To-Go experience packages and more. Raquel Rosenthal, CEO, Digilant. Restaurants are trying to do more with less and becoming very precise in their advertising approach.

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2021 Mobile Ordering Loyalty Program Kitchen Safety 230

Modern Restaurant Management

DECEMBER 16, 2021

We expect restaurants to place more emphasis on these things given increased competition in the space as operators aim to increase brand loyalty both internally and externally. Brooklyn Dumpling House just opened and they're already franchising the idea. Smaller menus in general. Kari Hensien, RizePoint CEO.

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2022 Food Supply Back of House Kitchen Safety 180

Focus POS

JUNE 17, 2019

It improves customer service by providing faster, more efficient transactions (and additional transaction types, such as self-service or online ordering) and engages customers on a deeper level through gift card implementation and loyalty programs. POS for Restaurant Franchise Management. Franchises are all about expansion.

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Point of Sale Cash Management POS Franchise 113

The Restaurant Times

JANUARY 11, 2023

Even technology comes with a price tag, continuous innovations and wide adoption make them more accessible and cost-effective. . These apps are also the perfect way to run loyalty programs for customers. In addition, the system is successful at attracting new customers and retaining the loyalty of current ones because.

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Ordering Online Ordering Mobile Ordering Loyalty Program 52

Modern Restaurant Management

MAY 28, 2021

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. Clean Juice®, honored its franchise partners during its annual Juicey Awards event. Highest Average Ticket Price : Michelle Constantino, Naperville, IL.

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Franchise Franchising Fast Casual Loyalty Program 189

Restaurant365

SEPTEMBER 3, 2021

Finally, profitability strategist responsibilities may also cover regularly evaluating supplier relationships, examining historical price trends, comparing prices across locations, and looking for opportunities to negotiate better contract details. Implementing New Pricing. Minimizing Food Waste.

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Waste Cash Management Point of Sale Inventory 78

Sling

JULY 4, 2021

23) Start A Customer Loyalty Program. Customer loyalty is the measure of a consumer’s willingness to do repeat business with your company or brand and is an essential part of making your restaurant a success in the 21st century. Not sure how to go about creating your own program? Set up a loyalty points system.

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Marketing Social Media Loyalty Program Food Truck 78

Modern Restaurant Management

JUNE 3, 2021

Fast and easy (56 percent) ties with coupons and deals (56 percent) for the top reasons consumers download apps followed by earn and track loyalty points (48 percent), easy payment options (43 percent), and to avoid long lines (40 percent). Franchise Operations Index. Apps are being downloaded for convenience and discounts.

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2021 Fast Casual Mobile Ordering Guest Recovery 189

Modern Restaurant Management

JUNE 12, 2020

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. Send news to Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com.

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Franchise Franchising Food Safety Kitchen Safety 168

Next Restaurants

JUNE 30, 2021

If you conclude a franchise agreement , then this network most likely has a coach who will bring you up to date and can help you through the entire process. Well-designed discount systems, loyalty programs, special promotions, and contests help your visitors remember you. They will tell you about all the nuances.

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Bar Seasonal Menu Advertising Restaurant Law 97

Modern Restaurant Management

SEPTEMBER 24, 2021

MRM Franchise Feed contains the latest news in restaurant franchising. “Team member tenure at White Castle is unprecedented in our industry, and that loyalty absolutely goes both ways.” “I am so grateful for the loyalty our fans here in South Jersey have shown to our existing Pancheros restaurants.

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Franchise Franchising Customer Experience Fast Casual 185

Modern Restaurant Management

NOVEMBER 11, 2019

Loyalty rewards for their restaurants and bars: Almost 1 in 3 (32 percent). “Hotel brands, especially those with locations in various cities around the world, have a unique opportunity to build loyalty with customers through their F&B offerings. ” Building Loyalty. Illes Foods' Fourth Generation CEO.

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Travel Food Hotels Loyalty Program 118

Modern Restaurant Management

FEBRUARY 6, 2020

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. ” Samira Shariff brings nearly 40 years of experience building successful restaurant brands in Alberta as a multi-unit franchise owner and operator in Edmonton.

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Franchise Franchising Fast Casual Customer Experience 153

Restaurant365

NOVEMBER 19, 2019

Maintaining accurate, profitable menu pricing and planning. In addition, more than half of smartphone users report using their phones to take advantage of special deals, rewards, or loyalty programs from restaurants. The more locations a brand or franchise has, the harder it is to create a consistent dining experience.

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Operations 2020 Mobile Ordering Social Media 92

BNG Point of Sale

AUGUST 27, 2021

It is also not an easy one–regardless of the restaurant size and business model–with plenty of competition to contend with while trying to stay on top in terms of the quality food it serves and its prices. Optimize your menu pricing . Today, profit margins have shrunk to between 4% and 7%. .

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Point of Sale Social Media Customer Service Online Ordering 52

Apicbase

FEBRUARY 29, 2024

Food costs increased in 2023: according to one survey, 60% of operators reported that all or most suppliers raised their prices , up from 50% in 2022. Most operators raised their menu prices in 2023, but fewer expect to do so in 2024. Although revenue went up (thanks to higher prices), profits went down due to high food costs and debt.

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Modern Restaurant Management

DECEMBER 21, 2020

Marketers who already had a text messaging programs in place discovered that consumers actually opened their texts and messages got through (In fact, 97 percent of the time!). Ross Franklin, CEO and Founder of Pure Green Franchise. Jockey Hollow Bar + Kitchen's Chris Cannon. We learned how vulnerable an industry this is.

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2020 Online Ordering Point of Sale Fast Casual 180

BNG Point of Sale

JULY 16, 2021

Also, the average revenue of one establishment may vary wildly from the next, depending on factors like region, average check price, menu engineering, actual sales, and size as well as a service model or even type of cuisine served (fast-food vs fine dining). Seventy-five percent of capacity is a good prediction of your first-year revenue.

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Point of Sale Seasonal Menu Cash Management Fine Dining 52

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.

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2024 Fast Casual Insurance Food Safety 197

Modern Restaurant Management

FEBRUARY 17, 2020

Rowe Price Associates, G Squared, Light Street Capital, Alta Park Capital, and others. ” Ahead of the official launch, Yelp ran a successful pilot program with Denny’s, with the help of their media agency, ?Spark Spark Foundry?. ” Hot Table Access. OpenTable is giving U.S. Blue Duck Tavern?.

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Sports Point of Sale Entertainment Customer Experience 153

Restaurant365

DECEMBER 4, 2020

Maintaining accurate, profitable menu pricing and planning. The more locations a brand or franchise has, the harder it is to create a consistent dining experience. Certain parts of inventory cannot be automated, like counting by hand, but they can be made more efficient through template inventory sheets on a phone or tablet device.

2021 78

2021 Operations Mobile Ordering Social Media 78

Modern Restaurant Management

DECEMBER 4, 2020

In ranking the top three characteristics respondents were looking for in online reviews before the pandemic, they overwhelmingly agreed on quality of service or products (80 percent), good prices (75 percent) and good customer service (75 percent). restaurant customers now use loyalty and rewards programs, and 44.2

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Loyalty Program Fast Casual Online Ordering Consumer Goods 145

Modern Restaurant Management

AUGUST 5, 2020

TouchBistro acquired Boston-based TableUp, a provider of loyalty and marketing solutions for the restaurant industry. and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. TouchBistro Acquires TableUp.

Food Safety 210

Food Safety Mobile Ordering Online Ordering Kitchen Safety 210

7 Shifts

FEBRUARY 8, 2024

You’ll also gain powerful data into your guests’ behavior and preferences, which you can feed back into your marketing efforts or your loyalty program. It’s a suite of tools for restaurants that includes online ordering, order integration, menu management, smart pricing, and more. Get a Demo 6. Apple | Android 12.

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Operations Management Management Mobile Ordering 367

7 Shifts

FEBRUARY 8, 2024

You’ll also gain powerful data into your guests’ behavior and preferences, which you can feed back into your marketing efforts or your loyalty program. It’s a suite of tools for restaurants that includes online ordering, order integration, menu management, smart pricing, and more. Get a Demo 6. Apple | Android 12.

Operations 352

Operations Management Management Mobile Ordering 352

Modern Restaurant Management

AUGUST 19, 2020

With the acquisition of Johnny Rockets, FAT Brands will have more than 700 franchised and company owned restaurants around the globe with annual system-wide sales exceeding $700 million. PopID accounts also tie to loyalty programs for automatic credit with every purchase. US Foods Ghost Kitchens. US Foods Holding Corp.

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Kitchen Safety Loyalty Program Delivery Customer Service 206

Modern Restaurant Management

SEPTEMBER 30, 2020

Followed (not surprisingly) by restaurants and delivery drivers following proper safety protocols, price, and ease of ordering from the restaurant. Restaurants that aren't already offering some kind of loyalty program should consider creating one, especially as consumers' grip on their wallets have tightened.

2020 189

2020 Mobile Ordering Guest Recovery Customer Service 189

Restaurant365

FEBRUARY 25, 2020

With greater labor costs, FSR can fall into the 3-5% profit margin range, depending on restaurant size, menu item prices, turnover rates, and location. Although factors like franchise affiliation may affect profit margins, fast casual restaurants typically have an average profit margin of 6-9%. Fast Casual Restaurants.

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Loyalty Program Fast Casual Point of Sale Online Ordering 183

Modern Restaurant Management

MARCH 11, 2020

US Foods will finance the acquisition primarily with $700 million in fully committed financing from Citigroup and Bank of America and will fund the balance of the purchase price through its existing liquidity resources. Two-Hens Growth Fueled by Accelerator Program. A comprehensive training program. by the end of fiscal 2021.

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Bar Cash Management Loyalty Program Point of Sale 154

Modern Restaurant Management

DECEMBER 28, 2020

And while they have little choice but to embrace third-party delivery services, doing so puts another brand in control of their customer and risks eroding customer loyalty. Ross Franklin, CEO and Founder of Pure Green Franchise. Operators are going to have to get creative in how they continue to foster those customer relationships.

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2021 Kitchen Safety Food Safety Mobile Ordering 199

Aaron Allen & Associates

AUGUST 24, 2022

Are You Looking for a Pizza Franchise? If you’re interested in buying the best pizza franchise for your market, we would love to get in touch. In 2017, Domino’s became the first and only national pizza delivery chain to offer points to its loyalty members no matter how they order, whether via the website, phone, or in stores.

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Technology Mobile Ordering Online Ordering Point of Sale 59

Modern Restaurant Management

FEBRUARY 18, 2020

Technology-enabled franchises are better positioned to continually evolve to meet guests’ changing expectations. We’re going to see companies come to market with the ability to tap into their security systems and use facial recognition and audio, enabling them to: Identify customers and attach them to loyalty programs.

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Mobile Ordering Front of House Fast Casual Customer Service 215

Modern Restaurant Management

JULY 7, 2020

Small Business Administration and Treasury Department released detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). “We are particularly pleased that 27 percent of the program’s reach in low and moderate income communities which is in proportion to percentage of population in these areas.

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Mobile Ordering Restaurant Law Seating Customer Service 192

Modern Restaurant Management

FEBRUARY 25, 2020

For five years, these independent businesses, many of which are single-unit franchises, have faced serious threats of regulatory non-compliance and legal action that have restricted capital investment and stifled growth and job creation. and is launching a new mobile payment and loyalty rewards platform, branded as Perk Hero.

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Mobile Ordering Front of House Customer Experience Back of House 139