Modern Restaurant Management

JULY 31, 2025

In response to rising food costs, 56 percent of respondents said they planned to increase menu prices, down from 61 percent earlier in the year, and 18 percent said they doubled down on inventory and waste tracking, up two percentage points. The survey gathered responses from more than 200 restaurant marketing professionals across the U.S.,

2025

Modern Restaurant Management

DECEMBER 31, 2024

Those priorities include increased marketing and sales efforts alongside new benefits and programs to attract and retain staff. With alcohol sales shrinking, restaurants must reevaluate their offerings, menus, and inventory management to maintain profitability. Franchise 2.0:

Franchising

Modern Restaurant Management

MARCH 11, 2025

From a legal perspective, Insurance : the pandemic highlighted the limitations of insurance policies. Several high-profile restaurant groups brought litigation against insurance companies for their coverage position, but were ultimately unsuccessful. The pandemic made speed, accuracy, and seamless ordering non-negotiable.

Mobile Ordering

SpotOn

DECEMBER 30, 2024

But many owners don't account for the high fixed costs of bars —like repairs, insurance, and alcohol theft which can leave them with less profit than expected. Inventory management software does that for you. A loyalty program can be integrated into online ordering. No high commissions.

Operations

Modern Restaurant Management

DECEMBER 16, 2021

This is why next year, operators will offer more benefits like hiring incentives, higher hourly wages, health insurance, paid time off, earned wage access (EWA) and more to not only hire fresh labor, but retain top talent. Now this is a common occurrence, thanks to restaurant loyalty programs and smart technology.

2022

7 Shifts

JULY 12, 2024

Fixed costs Fixed costs are expenses that remain constant, including rent, insurance, and utilities. If transferring isn’t an option, you can try to reduce other fixed costs like insurance premiums. Your inventory is one aspect to keep track of to avoid overordering. Constantino writes.

Food Truck

Modern Restaurant Management

JANUARY 2, 2024

While artificial intelligence (AI) has been a growing component of this technological landscape, its role is expected to evolve into a more supportive capacity, focusing on predictive analytics for improved inventory management and the personalization of customer experiences. The impact of these technological shifts is multifaceted.

2024

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

Restaurant365

FEBRUARY 25, 2020

Your restaurant profit margin can be influenced by food and inventory trends, your geographic location, the state of the broader economy, and a wide range of other factors. Cost of goods sold (CoGS) refers to the total cost of the inventory used to create food and beverage items during a specific period of time.

Loyalty Program

Modern Restaurant Management

JUNE 12, 2020

Through this program, Dunkin’ franchisees have the opportunity to offer their restaurant employees an affordable, flexible and supportive pathway to an associate or bachelor’s degree from SNHU. Taffer’s Tavern has its eyes set on bringing its bar fare andbeverage program to D.C. ” Showing Support. .”

Franchising

7 Shifts

AUGUST 18, 2024

Another option is to look into government programs that might offer financial assistance for small businesses. For example, do you have to buy insurance? Get Funding (If Required) Before Starting a Bar One way to get funding is to opt for a loan from a bank. Then start the cycle over again with the first type of coupon.

Bar

Restaurant365

DECEMBER 17, 2019

Recurring restaurant costs would include costs like lease or mortgage payments, employee salaries, food and beverage costs, utilities, insurance and permits. Fixed costs such as insurance, rent, and loan payments do not fluctuate month to month. It includes tools for scheduling , inventory control , fixed asset management and more.

Point of Sale

7 Shifts

JULY 1, 2024

These start-up costs can range from the real estate payments you must make to the permits and licenses you need, the supplies you have to buy for your bar, the wages you need to pay your employees, and insurance. You should also take consistent liquor inventory to understand how your bar is performing and what brands your customers prefer.

Bar

Restaurant365

APRIL 20, 2022

Building a customer retention program is important for improving the lifetime value of current customers, which can make up a large portion of your restaurant’s revenue. And as an added bonus, customer loyalty helps bring in new customers since happy customers are more likely to recommend your product or service to others.

Loyalty Program

Open for Business

SEPTEMBER 2, 2024

Overhead costs are fixed costs including rent, utilities, equipment leases, and insurance. Use inventory management software to track usage and reduce waste. Look into local energy-saving programs that might offer rebates or incentives. Look into software solutions for inventory management, employee scheduling, and accounting.

Point of Sale

Harbor Touch

NOVEMBER 21, 2022

Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. Finally, consider offering a loyalty program that rewards frequent customers for their business. There may be special licenses or permits you will need in order to open your bar.

Bar

Harbor Touch

NOVEMBER 21, 2022

Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. Finally, consider offering a loyalty program that rewards frequent customers for their business. There may be special licenses or permits you will need in order to open your bar.

Bar

Harbor Touch

NOVEMBER 21, 2022

Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. Finally, consider offering a loyalty program that rewards frequent customers for their business. There may be special licenses or permits you will need in order to open your bar. Fast and reliable POS system.

Bar

Restaurant365

OCTOBER 1, 2021

Gross profit doesn’t account for other critical operating expenses, like your labor cost, as well as other elements of your overhead like rent and insurance. An integrated point of sale (POS) system, accounting software, and inventory management system allow you to understand your food costs and examine efficiencies.

Point of Sale

BNG Point of Sale

JULY 30, 2021

Additionally, you’ll want to buy insurance for your truck. Insurance comes in many varieties. A food truck is likely to have similar food costs as a brick-and-mortar restaurant, but they save on costs like rent, insurance, staff, and utilities because they have lower overhead. Create a loyalty program .

Food Truck

Sling

OCTOBER 15, 2020

In general, part-time employees don’t receive benefits, such as health insurance, paid time off , retirement, and stock options. As an employer, you are required to withhold income taxes and Federal Contributions Insurance Act (FICA) taxes from every employee. 4) Benefits. 6) Job Security. Help When You Need It. Dynamic reporting.

Hiring

BNG Point of Sale

AUGUST 27, 2021

Cost of Goods: The total cost of the inventory utilized to produce food and beverage items during a certain period is referred to as the cost of goods sold (CoGS) in this context. Offer a loyalty program and promote your restaurant on social media channels. . How To Improve Restaurant Profit Margins .

Point of Sale

SpotOn

JULY 31, 2024

Picking a location, negotiating a lease, buying insurance, and paying utilities are expenses that will never go away and could haunt or help you be a profitable restaurant in the long term. Technology like KDS , restaurant management software , and inventory management software can also be assets in this department.

Food

Apicbase

JUNE 16, 2023

By regularly tracking his inventory and procurement metrics, Fabio was able to reduce his kitchens’ food costs by 18%. Get a 360-view of your sales & inventory data Adopt restaurant analytics software. Inventory Turnover Ratio This restaurant inventory metric measures how often your business depletes its total inventory.

Point of Sale

Culinary Cues

AUGUST 28, 2020

Remember that guest chef program that you tried before – do it again with real gusto – hype it up – make it your signature. I don’t know what that means for your operation but take an inventory and look for the sensual interaction with guests. Social distancing is un-nerving in restaurant settings – how can you make it fun?

Social Media

Lavu

SEPTEMBER 29, 2023

Some have involved staffing agencies, increased wages, offered signing bonuses, or implemented referral programs to attract new employees in the service industry. Additionally, some businesses have partnered with job training programs and schools to attract a new generation of workers to the industry.

Loyalty Program