7 Shifts

MAY 23, 2024

Your restaurant budget serves as the roadmap that will guide you in spending your business' money wisely, give you insight into how your restaurant is faring, and ensure that you are making profits and meeting your financial goals. Why should you create a restaurant budget?

Point of Sale 195

Point of Sale Seasonal Menu Food Supply Cash Management 195

Sling

JUNE 9, 2023

Running a successful restaurant isn’t just about serving great food. Step Two : Take inventory of all the food supplies you have on hand at the start of the month and calculate a total dollar value for the entire inventory taken. This will be your Beginning Inventory. This will be your Ending Inventory.

Operations 78

Operations Inventory Food Supply Point of Sale 78

7 Shifts

MAY 11, 2020

Run through our guide to reopening your restaurant to plan your labor, inventory, marketing, and more so you can reopen with a bang. The best restaurants will not only have to serve the best food, but be the most sanitary." — Jordan Boesch, CEO 3. Suppliers: ??

BOH 368

BOH FOH Food Safety Equipment 368

SpotOn

MARCH 25, 2024

Licenses and permits  Every restaurant business has a lengthy list of licenses and insurance needed to open, serve your guests, and protect your business.   Your liquor license cost will vary from state to state and depend on the type of alcohol you plan to serve. They'll range from $5,000 to $500,000.

License 52

License Insurance Point of Sale Equipment 52

Cheetah

OCTOBER 3, 2020

These include being familiar with health guidelines issued by the CDC, reevaluating the value of labor, integrating new technologies and rethinking inventory. The value of labor Social distancing Hygiene and sanitation Technology solutions Optimizing your inventory. Optimizing Your Inventory. Indoor Dining and Social Distancing.

Inventory 78

Inventory Insurance Cash Management Point of Sale 78

7 Shifts

MAY 26, 2021

Here's how you can spend your PPP funding in 2021: Payroll: Salaries, wages, tips, commissions, employee benefits, group insurance benefits, and paid leave. Property damage costs: Costs for damages incurred from 2020 civil unrest that your insurance didn't cover. Qualifying for PPP Loan Forgiveness. Where to Apply for a PPP Loan.

2021 195

2021 Cash Management Document Employee Relations 195

The Restaurant Times

JANUARY 23, 2022

What type of food will you serve? Will you serve everyone or consider going deep in a niche market like vegan cuisine or gluten-free? . You will only be able to serve customers who rent or own places with kitchens for their event and limit the locations you can serve. Serving equipment . Get Insured.

Catering 75

Catering License Insurance Food Supply 75

7 Shifts

JUNE 28, 2021

Included on the checklist are tasks the restaurant will need to complete in order to pass an inspection – notably in the areas of sanitation, food storage, food preparation, serving customers, employee hygiene, and pest control. Serving Customers. After preparation, the next step is getting guests' food served to them safely.

Kitchen Safety 370

Kitchen Safety Food Safety Food Supply Equipment 370

Restaurant365

MARCH 25, 2020

Before repurposing your FOH staff for delivery, check with your insurance carrier to ensure that you’re covered for off-premise activity. If you’re properly insured for delivery, you can keep your servers, bartenders and other FOH staff working during this uncertain time. Use staff for delivery. Trim menu offerings in the short term.

Delivery 107

Delivery FOH Front of House Mobile Ordering 107

Modern Restaurant Management

MARCH 18, 2020

” The Association proposed three separate categories of protection for industry restaurants and employees: directed/targeted financial relief; loans/insurance options for impacted small businesses; and tax measures. Loans/Insurance Options for Impacted Small Businesses. Federal Loan Program Equal to Lost Revenue.

Insurance 171

Insurance Employee Relations 2002 2001 171

Restaurant365

JANUARY 5, 2021

While the Act falls short of policies and comprehensive relief packages advocated by the National Restaurant Association to allow restaurants to survive the pandemic, and the Independent Restaurant Coalition says will only serve to “buy time for Congress to negotiate a more robust plan,” it does offer some relief for restaurant businesses.

Insurance 148

Insurance Small Business Employee Relations 2021 148

Food Business

SEPTEMBER 12, 2017

Prime costs benchmark is 60% (quick serve) and 65% (restaurant). Please includes total taxes, benefits and any insurances paid (workers’ compensation and health insurance). Get your staff involved in pulling inventory, checking labor costs and creating a weekly prime cost formula come alive. WHAT'S YOUR INVENTORY?

Brewery 100

Brewery Inventory Insurance Beverage 100

The Restaurant Times

OCTOBER 30, 2021

From inventory to alcohol, and live music to TV installation, for every little operation, you need to think about whether it is allowed by the government or not. If you intend to sell alcohol or serve hot food and drinks apart during standard restaurant operating hours, then you need to apply for this license. Restaurant Insurance.

License 52

License Insurance Certification Restaurant Law 52

Hot Schedules

MARCH 31, 2020

Impact on Unemployment Insurance. Employees who experience reduced hours, furloughs, or layoffs should be encouraged to file for unemployment insurance as soon as possible. Thom Stohler serves on all their relevant workforce committees and I serve on their Committee of 100, a group of association CEOs.

Website Management 120

Website Management Employee Relations Insurance Small Business 120

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 183

Loyalty Program Fast Casual Point of Sale Online Ordering 183

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. Can I get you your regular sundae served up your way?” pickup, delivery, drive-thru, ghost kitchens).

2022 188

2022 Hospitality Loyalty Program Point of Sale 188

Restaurant365

MARCH 18, 2020

apart), modifying your menu to serve takeout, or closing temporarily. Consider reducing your food costs by limiting the number of menu items in a way that allows you to streamline your inventory. Consider offering a takeout menu that simultaneously allows you to slim down your inventory and minimize your prime costs.

Point of Sale 158

Point of Sale Delivery License Inventory 158

MBB Hospitality

APRIL 14, 2023

Your budget should cover the costs tied to research, inventory supplies, licensing fees, staff wages, and the usual overhead costs. You’ll need to find out how to acquire food service permits and liquor licenses (assuming you plan on serving alcohol). This includes the necessary permits and insurance that need to be in place.

License 52

License Food Supply Insurance Small Business 52

Restaurant365

JULY 24, 2020

Sometimes called a virtual restaurant, virtual kitchen or cloud kitchen, a ghost kitchen is a food-service business that serves customers exclusively through online orders. Third-party apps can take 30% of your delivery earnings and in-house delivery has its own costs, such as salaries, vehicle maintenance, gasoline and insurance.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

Restaurant365

OCTOBER 15, 2021

Your restaurant labor cost includes everything your restaurant spends on labor, from salaries and hourly wages to payroll taxes, bonuses, and benefits like health insurance or vacation days. Sales Per Labor Hour (SPLH) and Customers Served Per Labor Hour. Total labor cost. SPLH is one of the key indicators of labor productivity.

Management 148

Management Management Point of Sale Employee Relations 148

7 Shifts

FEBRUARY 28, 2020

Inventory was all being done on paper. Teddy insures that all the big sports games are input on 7shifts as events. However, with 7shifts' Events feature, the Hyperion Public team can stay on top of it and properly serve their sports-happy diners. We had printed tickets in the kitchen and the schedule.

Restaurant Law 259

Restaurant Law Sports Events Front of House 259

Harbor Touch

NOVEMBER 21, 2022

Additionally, research the different types of alcohol you can serve and what is popular in the area. Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. It is important to research what type of licenses you need in order to serve alcohol in your bar.

Bar 78

Bar License Restaurant Law POS 78

Modern Restaurant Management

MAY 14, 2021

“Our first value is taking care of our people, and today we are rewarding our hardworking employees in McDonald-owned restaurants for serving our communities,” said Joe Erlinger, President McDonald’s USA. Many are not expecting labor to normalize until unemployment insurance also returns to normal.”

Hiring 164

Hiring Employee Relations Recruiting Education 164

Restaurant365

MARCH 30, 2020

Expanding “off-premise” insurance coverage. Start with the following: Revisit your insurance policy. Your first step will be to call your insurance provider and inquire about on-premise versus off-premise coverage. Depending on your specific situation, expanding your insurance can add up very quickly.

Delivery 78

Delivery Operations Insurance Cash Management 78

The Restaurant Times

OCTOBER 29, 2021

In the previous articles, we talked about how to open a food truck , why your food truck needs a website and tips related to tax saving and insurance. Not just this, it could increase your insurance and maintenance costs. This eliminates waste and decreases the load on inventory. 7 Ways To Set Up A Sustainable Food Truck.

Food Truck 97

Food Truck Sustainability 2021 Food 97

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

Restaurant Clicks

JANUARY 9, 2020

Apply for Permits, Licensing, and Insurance. Quick serve or full service? Have a good idea of what style of food you plan to serve, what ingredients you’ll need, and how much you’ll spend on food inventory. . Apply for Permits, Licensing, and Insurance. You’ll also need insurance for your new business.

License 78

License Equipment Website Management Hiring 78

BNG Point of Sale

JULY 22, 2021

When opening a bar, your mind thinks of the drinks you will serve, your bar design, the atmosphere, and your marketing strategies, but one element that should stay top of mind is profit. Labor Costs are all other costs including salaries, cleaning costs, insurance, and payroll taxes. . Bars Serving Food .

Bar 52

Bar Point of Sale Inventory Pricing 52

BNG Point of Sale

JULY 22, 2021

When opening a bar, your mind thinks of the drinks you will serve, your bar design, the atmosphere, and your marketing strategies, but one element that should stay top of mind is profit. Labor Costs are all other costs including salaries, cleaning costs, insurance, and payroll taxes. . Bars Serving Food .

Point of Sale 52

Point of Sale Inventory Bar Pricing 52

Restaurant365

APRIL 19, 2022

Your total restaurant labor cost includes all expenses related to labor, from salaries and hourly wages to payroll taxes, bonuses, overtime, worker’s compensation, and benefits such as health insurance. Customers Served Per Labor Hour. In addition to SPLH, tracking customers served per labor hour is also a useful number to track.

Point of Sale 78

Point of Sale FOH Front of House Back of House 78

Modern Restaurant Management

APRIL 7, 2020

Ensuring business interruption insurance covers COVID-19. Right now, restaurants aren’t receiving the benefits they deserve from insurance companies. The CARES Act just isn’t enough to ensure we’re able to serve our communities and build our local economies. It's small steps on a large staircase.”

Tip Distribution 169

Tip Distribution Healthcare Hospitality Food Supply 169

Lavu

JANUARY 21, 2020

Preparing good meals and serving customers is always an exciting part of running a restaurant. The system will help you track your labor and inventory costs, methods of payment, and other important information. . They include the cost of paying a mortgage or rent, permits, insurances, equipment costs, and certain operational expenses.

Point of Sale 78

Point of Sale Inventory Restaurant Law Front of House 78

BNG Point of Sale

JULY 30, 2021

Consider what type of food you’ll be serving, and how that will influence your restaurant’s cooking appliances. A dipping case is needed if you intend to serve ice cream. Additionally, you’ll want to buy insurance for your truck. Insurance comes in many varieties. Reduce the cost of goods sold .

Food Truck 52

Food Truck Food Point of Sale Online Ordering 52

The Restaurant Times

SEPTEMBER 30, 2021

If it was not obvious, you will need a truck or a cart to open a food truck business because you can’t walk around town serving your dishes. Insure your truck . However, you’ll need to buy a variety of plans that work together to offer appropriate insurance coverage for a mobile food truck. Health department permit.

Food Truck 52

Food Truck Food License Mobile Ordering 52

Rocket Fuel

JULY 12, 2022

If your restaurants just started serving breakfast, have a line item for each restaurant listing sales during breakfast and non-breakfast hours. List everything involved in keeping your stores running: rent, insurance, taxes, even marketing. Feel free to break this section down a level further.

Cash Management 52

Cash Management Download Merchandise Audits 52

360Training

JULY 16, 2020

” Almost half of food service managers work in restaurants, which come in as many flavors as the food they serve. But salaried managers at popular restaurants typically get an insurance package, paid vacation, 401k matching, and a bonus program. . Hands-on restaurant owners often serve as their own GM. Bottom Line.

Management 88

Management Management Food Front of House 88

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. To do so, you will need to know how much each of your dishes cost per serving as well as the proportion of your food costs.

Point of Sale 52

Point of Sale Social Media Customer Service Online Ordering 52