Modern Restaurant Management

JANUARY 2, 2024

We've reached a point where we're recognizing the value and limits of these technologies. And while automation and robotics can help streamline some elements of operations, in the wake of the COVID-19 pandemic, there's a newfound appreciation for human connection and dining experiences.

2024 193

2024 Fast Casual Insurance Food Safety 193

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.

2024 52

2024 Operations 2023 Loyalty Program 52

Modern Restaurant Management

JANUARY 8, 2024

Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

2024 212

2024 Loyalty Program Cash Management Customer Experience 212

Focus POS

JUNE 27, 2019

Beyond establishing these standards you need the tools to deliver them, which is where POS technology comes in. This costly waste can be prevented by using your POS to auto-generate reorders when pre-defined levels are reached. Sales, labor, inventory data reports. Watch inventory. Watch inventory. Properly staff.

Management 121

Management Management Franchise Franchising 121

BNG Point of Sale

SEPTEMBER 7, 2021

Most restaurant owners face many challenges when they are trying to make their business profitable while still maintaining tasty food at reasonable prices and an enjoyable atmosphere for customers who visit regularly or only occasionally. This is where effective product pricing comes to play. . How Much Do They Earn? .

Franchise 52

Franchise Franchising Point of Sale Customer Service 52

Focus POS

MARCH 12, 2019

If you’re a restaurant franchise manager with multiple locations, coordinating all of your sales, labor, and other data from all stores can be a major headache. A point of sale (POS) solution that includes cloud-based reporting can make those tasks so much easier. Here are three key advantages. Accessibility.

Point of Sale 120

Point of Sale POS Franchise Franchising 120

Apicbase

SEPTEMBER 16, 2022

Today, restaurant operators and F&B managers like you have access to many reports, primarily thanks to advanced POS systems. Some POS-side examples include sales, payment, and footfall reports. Looking at a sales report, you might see that your Tuesday sales are lower than average. What is restaurant analytics?

POS 52

POS Operations Back of House FOH 52

BNG Point of Sale

AUGUST 12, 2021

This massive range is due to an equally broad range of factors, such as the type of restaurant, your overall costs, your food and drink pricing, and other expenses. Benefits of Franchise Operation and Restaurant Chains in the Hospitality Industry . At BNG POS, we can provide one for you. Making a Restaurant Career Profitable

Franchise 52

Franchise Franchising Point of Sale Food Truck 52

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. 71 percent rely on delivery for 11 percent or more of sales.

2022 212

2022 Mobile Ordering Guest Recovery Point of Sale 212

Restaurant365

FEBRUARY 25, 2020

In addition, it’s important to remember that while your profit may be in dollars, your profit margin is your profit expressed as a percentage of sales. 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. Net Profit Margin.

Loyalty Program 183

Loyalty Program Fast Casual Point of Sale Online Ordering 183

BNG Point of Sale

SEPTEMBER 7, 2021

The food industry abides by a cost-to-menu price standard, which is 28% to 32%. Menu pricing and restaurant markups are the engines behind the success of restaurants, as sales are the sole source of revenue for most restaurants. Average Menu Price . $ 9.00 . Average Markup of Food for Restaurants .

Fast Casual 52

Fast Casual Food Point of Sale Pricing 52

Restaurant365

DECEMBER 20, 2021

For instance, by leveraging restaurant-specific software that integrates with your point of sale (POS) system, you can ensure all managers and above have access to robust data about sales, labor, and food costs. Forecasting future sales is one of the most helpful tools for optimizing employee scheduling.

Operations 78

Operations Leadership Point of Sale Cash Management 78

BNG Point of Sale

AUGUST 27, 2021

With 1 million in annual sales, you can expect to earn $150K from pre-tax profits! . How much money can a pizza business, whether it is a franchise or an independent, make in a year? This is the kind of achievement that will get you on stage during a big franchise gathering! . One of America’s favorite fast foods is pizza.

Point of Sale 52

Point of Sale Franchise Franchising Small Business 52

Restaurant Engine

JUNE 15, 2020

And that enables these companies to do these pricing deals, which help them to do these values.” And that enabled that company to just, you know, grew that into franchising, which enables companies to grow very quick. ” Indeed, Google opened for trading at $100 per share on August 19, 2004. “They have the best setup.

2004 142

2004 Operations Mobile Ordering Online Ordering 142

The Restaurant Times

MARCH 8, 2023

It’s important to understand the dynamics of both fast food and fast casual restaurants, whether you’re considering opening a franchise, starting your food business from scratch, or simply trying to decide what kind of restaurant to eat at while on the go. The segment is responsible for over 50% of all restaurant industry sales.

Fast Casual 52

Fast Casual Casual Food Fine Dining 52

Cheetah

JANUARY 13, 2022

3 rd party delivery apps, ghost kitchens and privately owned franchises are all fighting for the same market share. One example is Chick-Fil-A’s rewards program (Signature Tier) that allows members to utilize their points by giving gifts to friends and family. Benefits of Restaurant Loyalty Programs. They have roughly 14.2

Loyalty Program 148

Loyalty Program Mobile Ordering Airlines Merchandise 148

Cheetah

JULY 30, 2021

As you prep your business plan, give consideration to the points covered in this chapter. This chapter deep dives into 3 less familiar food business models: Food trucks, Ghost Kitchens and Franchises. Chapter 3 outlines in detail the advantages of Commissary Kitchens, Restaurant POS platforms, Delivery Apps and Wholesale Distributors.

2021 78

2021 Food Truck Download Point of Sale 78

Modern Restaurant Management

AUGUST 5, 2020

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. 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.

Food Safety 207

Food Safety Mobile Ordering Online Ordering Kitchen Safety 207

Modern Restaurant Management

NOVEMBER 2, 2020

This edition of MRM Research Roundup features the impact of cold weather on restaurant viability, why franchises need to be nimbler and the pandemic's effect on guest expectations. Restaurant Adaptation. Limitations and consumer demand. A vast majority of the U.S. Of course, smaller parties mean smaller checks per table.

2020 219

2020 Mobile Ordering Hotels Food Safety 219

Restaurant365

FEBRUARY 24, 2021

Next, without robust accounting features, like intercompany transactions, POS integration as. it is difficult to take advantage of advanced restaurant management tools such as inventory or sales forecasting to continue growing your business. What are the costs involved for integration to our POS system?

Inventory 78

Inventory Point of Sale POS Franchise 78

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. For example, let’s say John Doe Bar’s total sales from July to September 2020 were $1.25 Gross profit .

Point of Sale 52

Point of Sale Social Media Customer Service Online Ordering 52

Apicbase

JANUARY 13, 2023

To combat inflation in 2022, 39% of restaurants started tracking the price of key ingredients; 22% adjusted the number of vendors; 36% increased menu prices. The F&B industry grew in 2022… and it will keep growing in 2023. However, we’re seeing some major shifts around menu creation, procurement, and dining habits of guests.

2023 52

2023 Operations Management Management 52

Margin Edge

FEBRUARY 3, 2022

Thanks to having a sales team made up exclusively of former operators, chefs and general managers, with 350+ years’ of collective experience, we’ve picked their brains and come up with a list of six ways restaurants can make a big impact in 2022 based on their experiences and tried-and-true tricks. 6 Ways to Reduce Food Costs.

2022 98

2022 Food Seasonal Menu Waste 98

Apicbase

JUNE 16, 2023

Whether you’re looking to improve customer satisfaction, increase sales, or reduce costs, tracking these metrics will bring clarity to your restaurants’ performance and help you achieve your goals. In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking. Why Are Metrics Important?

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Qu

MARCH 31, 2023

The industry has reached a turning point. 1) More predictable digital sales will enable operational efficiency. 1) More predictable digital sales will enable operational efficiency. Off-premises sales are finally starting to settle into a predictable rhythm. For the most in-depth analysis, download the full report.

2023 52

2023 Fast Casual Point of Sale Employee Relations 52

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. . Here are some reasons why you should integrate automated order-taking in your restaurant: Boost Sales and Generate More Orders. And 1 out of 4 such people visit the restaurant that shows up in voice search.

Ordering 52

Ordering Online Ordering Mobile Ordering Loyalty Program 52

Modern Restaurant Management

JULY 7, 2020

In this edition of MRM News Bites, we feature the latest delivery platform consolidation, the release of PPP loan information and ServSafe Dining Commitment. Uber To Acquire Postmates. billion in an all-stock transaction that brings together two top players in third-party delivery, Uber will acquire Postmates. This disclosure covers each of the 4.9

Mobile Ordering 179

Mobile Ordering Restaurant Law Seating Customer Service 179

Modern Restaurant Management

MARCH 16, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features some surveys surrounding Coronavirus and the restaurant industry, the best locations for chefs, online payment fraud and top trends for QSRs. COVID-19 Foot Traffic at QSRs. Some Placer.ai Chick-fil-A led the way with 11.9 percent and 2.9 percent nationwide.

Mobile Ordering 108

Mobile Ordering Online Ordering Point of Sale POS 108

BNG Point of Sale

JULY 16, 2021

To make the most of restaurants or catering businesses, you’ll need to answer some vital questions and know how much volume the business can generate in sales as monthly revenue, and at any given time. Most average restaurant revenue statistics reflect pre-COVID sales numbers. What Is Restaurant Revenue?

Point of Sale 52

Point of Sale Seasonal Menu Cash Management Fine Dining 52

Restaurant365

SEPTEMBER 3, 2021

For example, sales forecasts can inform smart schedules that make the most out of available labor hours. While managers may always need to make some adjustments if sales fluctuate, a strategically written schedule can minimize disruptive changes for your staff. Does your restaurant group have a profitability strategist? Reducing CoGS.

Waste 78

Waste Cash Management Point of Sale Inventory 78

The Restaurant Times

JULY 30, 2020

A restaurant inventory management system helps in tracking available stock and optimizing utilization Restaurant inventory management systems integrated with the restaurant POS can organize every aspect of stock management. Consider these points to ensure that your stock is efficiently used. Raw Material Management.

Inventory 52

Inventory Management Management Food Supply 52

Modern Restaurant Management

DECEMBER 28, 2020

Predictive analytics, AI and ML streamline and expand the omnichannel dining experience – Restaurants have pivoted their businesses this year to greatly expand the digital dining experience, to a point where customers can interact however they want, whenever they want. Here are their responses. To read part two, click here. generation.

2021 193

2021 Kitchen Safety Food Safety Mobile Ordering 193

Aaron Allen & Associates

AUGUST 24, 2022

A few highlights of our findings: In the last decade, independent pizzerias in America have lost 21 percent market share in terms of sales and 19 percent market share in terms of units to chains. Domino’s get’s three-quarters of sales from online channels; for independents, this is only 20%.

Technology 59

Technology Mobile Ordering Online Ordering Point of Sale 59

Modern Restaurant Management

JUNE 18, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features recovery data, POS performance and shifting habits of diners. On the Road to Recovery. New Zealand was the first to record a strong trend towards recovery, in correlation to its success in containing the spread of the virus to date. Effect of Protests.

2020 165

2020 Guest Recovery Kitchen Safety Online Ordering 165

Modern Restaurant Management

JUNE 24, 2020

Additionally, when buyers place an order through Square Online Store, sellers receive their contact information in the Square Customer Directory and are able to maintain sales history for those customers. Processing is free on all on-demand delivery orders through July 8, 2020—up to $50,000 in sales. Visa SMB Help.

Guest Recovery 212

Guest Recovery Kitchen Safety Mobile Ordering Food Safety 212

Modern Restaurant Management

DECEMBER 31, 2019

Even cost of sales may go down as the ghost kitchen typically has a smaller, more manageable menu. Low priced / value perceived / big ticket items brought down to a fixed low price. The utilization of ghost kitchens means more money and opportunity for restaurant operators, without large price or labor hikes.

2020 136

2020 Kitchen Safety Consumer Goods Point of Sale 136

Modern Restaurant Management

DECEMBER 27, 2019

This edition of MRM News Bites features NCR, Bloom Intelligence, The American Food Association, The Dinex Group, Performance Food Group Company, Appetize and Restaurant365, Snackpass, PAR Technology, Net Element, Sensory, GRIF, Picnic and El Pollo Loco. NCR Acquires Zynstra. NCR Corporation acquired U.K.-based

Mobile Ordering 107

Mobile Ordering Customer Service Point of Sale Customer Experience 107