Modern Restaurant Management

JANUARY 2, 2024

– Giliah Librach, Director of Merchandising Operations, ezCater As we look ahead to 2024, these technological advancements are poised to become even more ingrained in the restaurant ecosystem. I am concerned that rising insurance costs may force some chains to exit the market. Golden Corral is one.

2024 493

2024 Food Safety Fast Casual Insurance 493

Restaurant365

APRIL 1, 2020

For most restaurants, inflow is principally the cash from your food and drink sales, or related catering or merchandise. Your cash outflow for the period: $12,000 in food and drink inventory + $5,000 in wages + $3,000 in other operating expenses = $20,000. Keeping track of cash outflow. Have a cash flow forecast.

Cash Management 128

Cash Management Management Management Point of Sale 128

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. Consider adding catering services, meal kits, or branded merchandise to create additional income sources that complement your core restaurant business. Embrace AI.

Point of Sale 78

Point of Sale Seasonal Menu Customer Service Small Business 78

Rocket Fuel

JULY 12, 2022

List everything involved in keeping your stores running: rent, insurance, taxes, even marketing. The cost of goods sold may be the most important part of this section because inventory makes up such a large part of your costs. If you sell merchandise, list that too. If your store caters, include a line item for catering costs.

Cash Management 52

Cash Management Download Merchandise Audits 52

BNG Point of Sale

AUGUST 27, 2021

To calculate your restaurant’s gross profit, you need to subtract the total cost of goods sold (COGS) for a specific period from your total revenue (your total food, beverage, and merchandise sales). For example, let’s say John Doe Bar’s total sales from July to September 2020 were $1.25 How To Improve Restaurant Profit Margins .

Point of Sale 52

Point of Sale Social Media Customer Service Online Ordering 52

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 52

Point of Sale Inventory Waste Employee Relations 52

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. This is all the income from your food and beverage sales, catering, branded merchandise, packaged goods, venue hire, etc. Labor costs. Overhead costs.

Operations 52

Operations Loyalty Program Online Ordering POS 52