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 215

2024 Loyalty Program Cash Management Customer Experience 215

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 215

2022 Mobile Ordering Guest Recovery Point of Sale 215

EATER

NOVEMBER 3, 2022

Despite the copycat operations out there, these perishable garlands are big business: Edible Arrangements is one of the food businesses that has not only survived the pandemic, but thrived, enjoying a 45 percent increase in its sales , which totaled $500 million from 1,000 franchised stores in 2020. Marylu Herrera /Eater.

Franchise 81

Franchise Franchising Point of Sale Online Ordering 81

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

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. Smart ordering or smart prep suggestions, based on forecasted sales, can help minimize over-ordering or over-prepping.

Operations 78

Operations Leadership Point of Sale Cash Management 78

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

Perfect Daily Grind

MAY 12, 2023

points at 2023 Best of Ka‘ū competition. Last year, the UK B Corp says it paid US $3 million above C market price for all coffees sourced, and reduced its carbon emissions throughout the year by 23 tonnes. The Canadian coffee chain will sign a master franchise and development agreement with quick service restaurant operator BKR Co.,

2023 134

2023 Webinar 2030 Workshop 134

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

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.

Point of Sale 120

Point of Sale POS Franchise Franchising 120

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

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

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

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

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. Clean Juice Celebrates Franchisees. million guests.

Franchise 189

Franchise Franchising Fast Casual Loyalty Program 189

Modern Restaurant Management

DECEMBER 16, 2021

Operators should gravitate towards technology to automate inventory and track costs and sales to determine the best course of action. Brooklyn Dumpling House just opened and they're already franchising the idea. Tight menus, for set prices, at times offering previously unapproachable product at approachable prices.

2022 180

2022 Food Supply Back of House Kitchen Safety 180

KaTom

SEPTEMBER 15, 2020

Being a popular and delicious food item that can feed several people for a reasonable price, it’s no surprise that pizza has catapulted to the top of the pandemic comfort food pyramid, with delivery-driven concepts grabbing a big slice of the pie. The chain reported its highest average sales week in the past eight years during May 2020.

2020 61

2020 Kitchen Safety 2025 Franchise 61

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

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. Opening a Restaurant? This Guide Is for You! Why You Should Read It. What Topics Does the Guide Cover?

2021 78

2021 Food Truck Download Point of Sale 78

EATER

JULY 27, 2023

Their garishly animated reactionary sitcom farce South Park has been, at various points over its long run, racist, sexist, transphobic, homophobic, classist, glib about addiction, dismissive of climate change, deeply centrist, and kinda funny. Relatedly: Casa Bonita is back , sort of.

Seasonal Menu 98

Seasonal Menu Point of Sale Website Management Events 98

Modern Restaurant Management

DECEMBER 21, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their perspection on 2020: What lessons did you learn and what do you feel the restaurant industry learned this year? Here are their responses. Click here for part two. Anita Adams, CEO of Black Bear Diner. Shasta, California. Dennis Becker, CEO, Mobivity.

2020 180

2020 Online Ordering Fast Casual Point of Sale 180

EATER

DECEMBER 14, 2021

She did a little dance in her chair to emphasize this point; the video has been viewed by 6.9 Supply chain disruptions were a theme of 2021, but thanks to viral recipes, some ingredients were hit especially hard I learned a hard lesson on a recent trip to my local Asian supermarket, Tan A. Best lunch of the week!” the caption exclaimed.

Food 111

Food Food Supply Point of Sale Food Safety 111

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

Restaurant Engine

AUGUST 20, 2020

One in four restaurants will permanently close by the end of the year, costing the country millions of jobs and at least one full percentage point of GDP. Consider McDonald’s ( NYSE:MCD ) whose stock price dipped as low as -37% during the trough of the COVID-19 pandemic. Shares closed for trading today 7% higher YTD.

Operations 76

Operations Government Point of Sale Franchise 76

Modern Restaurant Management

JULY 15, 2020

According to the latest Financial Trends Insights from Black Box Financial Intelligence™ , based on data from the week ending June 28, restaurants sales continue improving. See the latest sales and traffic results here: Sales Improve but Restaurants Should Brace Themselves for Challenges Ahead. Financial Trends Insights.

2020 195

2020 Mobile Ordering Point of Sale Fast Casual 195

Modern Restaurant Management

JUNE 3, 2021

This edition of MRM Research Roundup features What Feeds Us, top delivery apps, popular drinks and who is winning the chicken wars. The State of What Feeds Us. Bluedot released the fourth installment of its State of What Feeds Us report which has kept tabs on consumer behavior and restaurant habits throughout the course of the pandemic. Drive-Thrus.

2021 189

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. The safety of Dunkin’ franchisees, their restaurant employees, and guests remains a top priority.

Franchise 168

Franchise Franchising Food Safety Kitchen Safety 168

Perfect Daily Grind

JULY 1, 2022

All 26 coffees scored over 87 points, with the highest-scoring coffee (a natural Catuai Rojo from the Mario José González Rodríguez farm) receiving 90.74 All 26 coffees scored over 87 points, with the highest-scoring coffee (a natural Catuai Rojo from the Mario José González Rodríguez farm) receiving 90.74 Here are this week’s stories.

2022 127

2022 Café Webinar Education 127

Bingage

JANUARY 14, 2020

Related Read: Innovative Ideas to Increase Restaurant Sales! Also known as quick-service restaurants, offer low price point items on their menus. The fast-food sector contains a number of popular franchises, including McDonald’s, Taco Bell, KFC and Wendy’s. Fine Dining Restaurants. Fast Food Restaurants.

Fast Casual 72

Fast Casual Fine Dining Food Truck Casual 72

Modern Restaurant Management

DECEMBER 17, 2020

This edition of MRM Research Roundup features news that consumers plan to put restaurants at the top of their shopping lists, the latest stats for on premise and why the restaurant of the future is here now. Diners Show Holiday Spirit. “This is a challenging time for both consumers and businesses. . Hassle-free holiday meals.

2020 167

2020 Point of Sale Seasonal Menu Consumer Goods 167

Restaurant365

DECEMBER 4, 2020

Other restaurants had to shift operations to a limited-capacity model, adjusting labor and food costs to match new sales levels. Your restaurant’s break-even point is the sales you need for a certain period of time to not lose money, or “break even.” Generating enough revenue to break even.

2021 78

2021 Operations Mobile Ordering Social Media 78

EATER

NOVEMBER 29, 2023

Juliette Toma A growing number of entrepreneurs want to reframe the region’s cuisine as a staple of the modern American pantry When I first meet Umaimah Sharwani, she is dressed in a black Nike baseball cap and a long-sleeved Patagonia tee. I was a believer in Sharwani’s ready-to-eat tarka before I even tried it.

Food 100

Food Consumer Goods Education Point of Sale 100

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

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. Return to on-premise.

2020 184

2020 Guest Recovery Kitchen Safety Online Ordering 184

Modern Restaurant Management

JULY 21, 2021

There is no doubt that franchises do an incredible amount to help their franchisees, whether that’s providing business support and sharing key information to offering training and access to their trademarks and branding. Unfortunately, what many franchises often lack in providing is a unified payments system.

Franchise 180

Franchise Franchising Customer Experience Online Ordering 180

Modern Restaurant Management

FEBRUARY 17, 2020

Rowe Price Associates, G Squared, Light Street Capital, Alta Park Capital, and others. This edition of MRM News Bites features Toast, Yelp, Aramark, Clover and Fiserv, OpenTable, Tripadvisor, Rich Products, Taffer’s Tavern, Dinova, DeliverThat, ParTech, SpotOn and TouchBistro. Toast Secures $400M Funding. ” Yelp Adds Products.

Sports 153

Sports Point of Sale Entertainment Customer Experience 153

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. .”

Franchise 153

Franchise Franchising Fast Casual Customer Experience 153