Modern Restaurant Management

MARCH 10, 2021

PPP borrowers can now qualify for the ERTC. The credit is now 70 percent of the aforementioned eligible wages, whereas in 2020 the credit was at 50 percent. How do the ERTC and PPP loan interact? So just if you pay someone a wage, you can either take it for PPP forgiveness of for the ERTC, but not for both loans.

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Inventory 2021 Small Business 2020 212

EATER

MARCH 13, 2024

But Rough and Tumble had a ripple effect on the city’s bars — when people couldn’t get into the women’s sports bar to watch the Reign, they went to the nearby establishments and filled them up. A Bar of Their Own opened in Minneapolis March 1. Hiscock isn’t alone in this goal. and beyond.

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Restaurant365

JANUARY 5, 2021

Mercifully, it contains some help for restaurant businesses hurt by the pandemic, with the inclusion of funding for a second round of forgivable loans through the Paycheck Protection Program (PPP) for small businesses experiencing significant revenue losses. Under the legislation, Congress passed $284 billion for another round of PPP loans.

Insurance 148

Insurance Small Business Employee Relations 2021 148

Modern Restaurant Management

NOVEMBER 2, 2021

It depends on the type of establishment, but most restaurants can benefit from some type of financial aid such as the Payroll Protection Program (PPP) and Economic Injury Disaster Loans (EIDL). The PPP consisted of loans meant for restaurants to pay employees and cover other significant costs. Economic Injury Disaster Loans.

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Small Business 2021 2020 Equipment 189

7 Shifts

OCTOBER 31, 2022

A restaurant business plan is one of the most (if not the most) essential elements in getting a new restaurant off the ground. Download now. You can't start a restaurant without a plan. There are a few reasons for this: A business plan is typically the first thing any lender or investor will want to look at. Table of Contents.

Point of Sale 397

Point of Sale Back of House Document Download 397

Lady Boss Blogger

SEPTEMBER 16, 2022

That’s why many people decide to apply for a loan. The post Top Factors That Will Get You A Loan Now appeared first on LadyBossBlogger. When you first start a business it is important to consider the most crucial things. But as your business starts to grow, then it will it is common to have to make some changes.

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7 Shifts

AUGUST 27, 2021

In response to these changes, the CDC now recommends that fully vaccinated individuals wear a mask indoors in areas of high transmission. I think we will eliminate a lot of the pushback that you could get from an angry customer or somebody who's not buying what you're selling with your policy," says Duffy. Can I still get sued?

Restaurant Law 370

Restaurant Law Food Safety Communication Training 370

Culinary Cues

APRIL 1, 2020

Everyone is beginning to get use to social distancing and understand just how serious this virus is. Our first job is certainly to protect ourselves and our families, to stop the spread of the virus in every way within our individual power, but time wasted now will come back to bite us in the near future.

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Waste Cash Management Entertainment Take-out 502

7 Shifts

JULY 16, 2021

They are places where friends and family gather, where ideas are formed and spread, and where important work gets done. Get to know your future customers, before they even step foot in your door. But, now that you know the market, you can better understand where the right location is for you to reach your desired target market.

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License Hiring Equipment Point of Sale 459

Modern Restaurant Management

NOVEMBER 10, 2020

With 50,000 restaurants receiving PPP loans of $150,000 or more keeping thousands of restaurants and restaurant workers afloat, it’s time to find out about the PPP Loan Forgiveness Program. Now that the program has closed, many restaurant loan recipients will want to embark on the forgiveness process.

Document 189

Document Employee Relations Small Business Certification 189

Hot Schedules

OCTOBER 27, 2020

Specifically this report took a comparative look at the data and answered questions like: How likely were PEO clients vs. Non-PEO clients to receive a PPP loan? How likely were they to receive a PPP loan in round one? What was the PPP loan application success rate specifically for PEO clients? What is a PEO?

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Small Business Employee Relations Mobile Ordering Document 148

Modern Restaurant Management

APRIL 14, 2020

The National Restaurant Association launched an industry grassroots education and engagement resource available online at RestaurantsAct.com. This new site is a one-stop hub of critical information for restaurants, employees, customers and industry partners. "Cox Media has been very supportive to us during this difficult time.

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Online Ordering Back of House Customer Service Small Business 212

7 Shifts

JANUARY 11, 2021

Get and Stay Healthy ?? For now, we have to do everything we can to get our staff tested and protected. For now, we have to do everything we can to get our staff tested and protected. They may be looking for work and can be ready to pick up shifts if someone gets sick. "Winter is coming".said

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Guest Recovery Online Ordering Outdoor Front of House 358

Modern Restaurant Management

JANUARY 9, 2024

Banks have been reducing exposure to small businesses ever since the pandemic, and now with higher interest rates putting pressure on bank deposits and greater regulatory scrutiny, banks are reducing their loan books even more. This can be especially true going into the holidays.

Employee Relations 193

Employee Relations Small Business Advertising Customer Experience 193

7 Shifts

APRIL 24, 2020

Staying connected with your restaurant Understanding what your own restaurant is doing during COVID-19 is important, whether you are working now or waiting to see when the business will reopen. Staying informed While the news may be overrun with COVID-19 updates 24/7, staying informed about the situation can help keep you safe.

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Social Media Insurance Website Management Government 352

Modern Restaurant Management

AUGUST 30, 2023

Banks have been reducing exposure to small businesses ever since the pandemic, and now with higher interest rates putting pressure on bank deposits and greater regulatory scrutiny, banks are reducing their loan books even more. This can be especially true going into the holidays. This can be especially true going into the holidays.

Small Business 175

Small Business Magazine Pricing Consumer Goods 175

Restaurant Engine

NOVEMBER 10, 2021

Now, let’s look at the kinds of financing you might look at for your new food truck business. Equipment Loans. With this type of loan, you can not only purchase a food truck or a second food truck, but you can also purchase new or used equipment such as kitchen appliances and cooking utensils. Food Truck Costs. tweet this).

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Food Truck Food Equipment Small Business 119

7 Shifts

JULY 13, 2023

Most notably with how the bills get paid. Restaurant transactions have been moving away from cash and towards electronic forms of payment for years—and that's extending to tips now too. Managers spend less time correcting errors and employees get paid the legally correct amount owed.

Cash Management 195

Cash Management Back of House Training Insurance 195

Modern Restaurant Management

NOVEMBER 29, 2019

From small tweaks to complete overhauls, short-term loans give you flexibility now. So if you’re stuck waiting for a large-scale traditional business loan, the trend may move on before you get your money. Growing your restaurant business means being ready for a shifting market. Remodeling. Menu Upgrades.

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Fast Casual Equipment Small Business Mobile Ordering 205

Modern Restaurant Management

MARCH 18, 2020

As the National Restaurant Association is anticipating sales to decline by $225 billion during the next three months and prompt the loss of between five and seven million jobs, the organization urged the federal government to take aggressive action now to rescue the restaurant industry, the nation’s second largest employer.

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Insurance Employee Relations 2002 2001 172

Modern Restaurant Management

JUNE 26, 2020

One of the first groups of businesses to shutter was the food, restaurant and hospitality industry – an industry that relies on daily revenue from its patrons, those of which were now being mandated to quarantine and reside in their homes. Many restaurants are looking at their 2020 budget and wondering – what now?

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Bar Front of House Back of House 2020 180

Modern Restaurant Management

APRIL 20, 2020

Danny Meyer, Union Square Hospitality Group CEO Chairman of Shake Shack spoke with SiriusXM Business Radio host Alan Fleischmann of "Leadership Matters" to discuss the latest news on his company choosing to return it’s $10 million Paycheck Protection Program (PPP) loan to the U.S. Government.

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Management Management Government Leadership 161

Modern Restaurant Management

JULY 28, 2020

Businesses that benefited from PPP loans were required to meet the “necessity certification” requirement and consider alternative sources of liquidity, while also taking into account “affiliated” businesses, prior to submitting a loan application. Many of them received it in the form of PPP loans.

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Insurance Certification Audits Small Business 161

Modern Restaurant Management

DECEMBER 19, 2023

This year was the first year that restaurant owners had a chance to breathe and get their business back to baseline after spending the last two years recovering from pandemic losses. If you are looking to sell your restaurant right now there is going to be interest, especially if the restaurant is a turnkey business.

2024 100

2024 Marketing Cash Management 2023 100

Hot Schedules

JUNE 5, 2020

The new Act would give employers much more flexibility on how they use PPP funds while remaining eligible for loan forgiveness. Employers would also have 24 weeks—instead of eight weeks—to spend the loan proceeds. Employers would be able to defer payroll taxes even if they receive loan forgiveness. Related Posts.

Employee Relations 109

Employee Relations Customer Service Government Customer Experience 109

7 Shifts

APRIL 3, 2020

By now, many states and provinces have either mandated reductions in seating or the closure of dining areas, with most restaurants turning to takeout and delivery. Download all the data from your restaurant POS or back-office management platform to get a sense of how your restaurant is operating today.

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BOH POS Influencer Point of Sale 368

Modern Restaurant Management

MARCH 19, 2021

Restaurant owners have had to completely flip their operations to accommodate proper health and safety protocols for over a year now, but the country is finally starting to see the light at the end of the tunnel with an influx of vaccine distribution. 2021 may have some good in store for the industry moving forward. The Impact of COVID.

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Tip Distribution Government Cash Management 2020 189

EATER

APRIL 25, 2022

Even though it seems like the obvious first step, getting a loan from a bank wasn’t really an option for Kashuk: It’s difficult for nascent businesses (particularly restaurants, which are considered risky) to secure a loan. Like many other successful pop-up operators, Kashuk’s goal is to open a brick-and-mortar shop.

Small Business 100

Small Business Website Management Take-out Cash Management 100

Modern Restaurant Management

SEPTEMBER 26, 2023

Situations where workers are kicked off platforms for reasons like saying no to too many orders or facing delays that aren't their fault are now looked at more closely. Fraudsters can then use a stolen credit number to place food orders for themselves or loan it out to the highest bidder.

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Delivery Food Consumer Goods Food Order 197

Modern Restaurant Management

JUNE 17, 2020

Most restaurants now are dealing with a fraction of their normal staff due to the reduction in operations, either because of state by state social distancing requirements and/or a diminished number of patrons who are willing to dine out these days. Business as usual is a thing of the past! 2] More on this issue later.

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Employee Relations Food Safety Small Business Government 197

Hot Schedules

APRIL 7, 2020

In an effort to relieve some of that uncertainty and provide our customers and end-users with helpful information and resources to weather this storm, HotSchedules Now Powered by Fourth is launching a partnership with Server Life to bring you blogs, podcasts and perspectives from across the industry as we navigate this harrowing time together.

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Blog Employee Relations Small Business 2020 125

Restaurant Engine

AUGUST 11, 2021

Now that you know the costs to open a second restaurant location, you can start looking at financing options. Will you fund it yourself; will you take out loans; or will you look for an investor? If you decide to take out a loan or find an investor, you do want to be sure the books for your current restaurant are in order.

Equipment 64

Equipment Website Management Small Business Mobile Ordering 64

Modern Restaurant Management

JUNE 12, 2020

Many small businesses may not qualify for an Economic Injury Disaster Loan (EIDL) or a Paycheck Protection Program (PPP) loan due to limited availability and eligibility requirements. In fact, many states have established small business loan assistance programs and even extended income tax filing deadlines, paused evictions or more.

Small Business 158

Small Business Certification Loyalty Program Government 158

Goliath Consulting

APRIL 7, 2021

PPP Update: The new deadline to apply for and receive a PPP loan (first or second draw) has been moved to May 31, 2021. Severely* impacted businesses can now also take advantage of both PPP Loans and ERC stimulus programs. Severely* impacted businesses can now also take advantage of both PPP Loans and ERC stimulus programs.

Employee Relations 88

Employee Relations Small Business 2021 2020 88

EATER

DECEMBER 18, 2020

Now, he has only one. We let them know we want to be here for the long run, that we’d get to the other side of the pandemic.” Branger is just one of many restaurateurs across the country turning to hibernation as a way to get through the winter. Alexi Rosenfeld/Getty Images. rent, mostly). It means they’re out of a job.

Outdoor 119

Outdoor Dine-in Point of Sale Small Business 119

Restaurant365

JUNE 9, 2020

You might have been able to get by without having to evaluate your costs pre-pandemic but doing so now can be the difference between thriving and merely surviving in the new reality. Now, more than ever, it’s also imperative to optimize food costs. Now, more than ever, it’s also imperative to optimize food costs.

Cash Management 97

Cash Management Management Management Small Business 97

EATER

FEBRUARY 10, 2022

As part of the company’s ongoing push for growth and expansion, DoorDash announced that it’s getting into the financial services business with plans to offer cash advances to restaurants that will be automatically repaid via deductions from every DoorDash order the establishment fulfills. Shutterstock. In 2019, Toast Inc.,

Cash Management 103

Cash Management Point of Sale Online Ordering Advertising 103