Squirrel Systems

MAY 1, 2025

To enhance profitability: Implement an inventory management software to track liquor usage and reduce waste. Consider: Using event management software to streamline inquiries, bookings, and deposits. Integrating POS systems with delivery platforms for seamless order tracking and management.

Loyalty Program 59

Loyalty Program Merchandise Email Marketing Mobile Ordering 59

ChowNow

JUNE 27, 2024

With inflation rising and the job market becoming more competitive, finding and retaining talent while managing costs is a top priority for restaurateurs. Sukh Singh , Senior Sales Manager at 7shifts, offered deep insights into effective labor cost management practices.

Webinar 221

Webinar Point of Sale Restaurant Law Equipment 221

7 Shifts

JULY 20, 2024

Components of a restaurant’s financial report The food and beverage sales report, prime costs report, inventory report, profit and loss (P&L) statement, and cash flow statement are all critical components of a restaurant's financial management. Labor costs can quickly eat into your profits if not managed carefully.

2024 221

2024 Cash Management Inventory Waste 221

7 Shifts

JULY 25, 2024

Additionally, catering large events can help you manage your inventory more efficiently, reducing food waste and maximizing profit. Branded merchandise Selling branded merchandise lets you generate additional income while promoting your restaurant. Combos also help manage inventory and cut down on food waste.

2024 243

2024 Loyalty Program Point of Sale Merchandise 243

Modern Restaurant Management

OCTOBER 29, 2019

It may be helping customers train their teams on cooling requirements and rotating of fresh inventory, discussing the pros and cons of fresh cut vs. commodity produce, shipping concerns. This is a great way to usher in some innovative ways to create your brand image and personality.

Innovation 364

Innovation Menu Back of House Front of House 364

Restaurant365

MARCH 10, 2022

With food costs running at approximately 30% or higher, learning importance of inventory management and how to prevent common mistakes is critical in successfully driving down costs and maximizing profits. First, let’s break down the two types of inventory costing, Actual and Theoretical. Theoretical Variance.

Inventory 78

Inventory Management Management Merchandise 78

7 Shifts

MARCH 27, 2020

Consider things like merchandise sales, inventory sales, or private cooking lessons. Manage expectations by creating a timeline for updates. Manage your 7shifts account Reach out to 7shifts Support to request a temporary hold. If your restaurant must close completely, are there any other ways that it can generate revenue?

Social Media 312

Social Media Restaurant Law Employee Relations Communication 312

Transact

MARCH 2, 2021

can help you thrive: Implement an automated labeling solution – Grab ‘N Go merchandising is key– the easier it is to notice and read your fresh-food labels, the stronger your in-store sales. solution automates your labeling to save time, reduce errors, and connect to inventory for smarter c-store food management.

Merchandise 158

Merchandise Inventory Waste Equipment 158

EATER

AUGUST 20, 2024

Jing had to invest in an EDI system, or electronic data interchange, to communicate inventory and billing information with Walmart, something many start-ups don’t have. She already sold her chile crisp in retailers like Whole Foods and Costco, but Walmart was an entirely new frontier.

Retail 316

Retail Point of Sale Food Supply 2023 316

7 Shifts

JULY 16, 2021

See why 500,000+ restaurant pros choose 7shifts for scheduling and team management. See why 500,000+ restaurant pros choose 7shifts for scheduling and team management. Shelving if you're selling merchandise like hats or t-shirts. See why 500,000+ restaurant pros choose 7shifts for scheduling and team management.

License 459

License Hiring Equipment Small Business 459

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

Deliverect

MARCH 17, 2020

This solution pushes your delivery orders to your point-of-sale system, so you can easily manage your online sales channels. It can also be challenging to manage cancelled reservations. A creative way to do more business would be to sell recipes, ingredients and/or merchandise online.

Online Ordering 146

Online Ordering Merchandise Food Website Management 146

Perfect Daily Grind

JUNE 16, 2022

Scott Guglielmino is the Global Product Manager at La Marzocco. Furthermore, Cropster Roast can also help roasters keep track of their inventory, to make sure it stays as fresh as possible and that they can keep up with demand. For baristas, there are a number of variables which must be managed during extraction.

Café 183

Café Supplies Technology Merchandise 183

Modern Restaurant Management

MAY 12, 2020

The company is exploring collaborations with corporate partners and charities, as well as merchandise sales, to keep its mission alive. "When Contactless Order & Pay provides operators with a safe, contact-free solution for in-service experiences, helping them manage labor costs and keep their employees safe.

Mobile Ordering 378

Mobile Ordering Online Ordering Food Order Hospitality 378

The Restaurant Times

OCTOBER 14, 2021

When you open a new restaurant business or are already in one, you are supposed to keep track of everything happening in your restaurant, whether the number of waiters or the amount of inventory available. It’s critical to remain on top of your inventory and control your costs to ensure your restaurant is profitable and growing.

Inventory 52

Inventory Merchandise Food Supply POS 52

The Restaurant Times

AUGUST 31, 2020

Beginning Inventory + New Inventory Purchased – Ending Inventory = Total Food Usage in a particular period. . The period cost can determine food cost, beverage costs, and merchandise cost. Make sure that you are comparing the right inventory and purchase period to the correct sales period. .

Inventory 52

Inventory Management Management Food 52

Cheetah

AUGUST 17, 2021

As restaurants continue to explore new revenue streams in an ever-changing environment, restaurant merchandise is stealing the limelight as an innovative, fun product that does wonders to your bottom line. It is estimated that over 25 billion dollars will be spent in 2021 on physical promotional merchandise. Reading Time: 4 minutes.

Merchandise 78

Merchandise Marketing Loyalty Program Cash Management 78

Cheetah

AUGUST 28, 2020

Instagrammable merchandise like T-shirts is a relatively simple way of reaching that lifestyle vibe and driving social media engagement. It is much easier to streamline inventory management and drive food costs down with a smaller menu. In fact, it is a way to manage a restaurant brand without ever actually meeting the diners.

Online Ordering 117

Online Ordering Customer Service Customer Experience Small Business 117

BNG Point of Sale

JUNE 19, 2020

Additionally, you can manage inventory, and maintain live updates from each of your locations anywhere you are, all on one merchant system. There are mobile payment processing solutions like PayAnywhere, and also some traditional point of sale systems have mobile apps, giving you the power to track sales and inventory when on the go.

Point of Sale 75

Point of Sale Mobile Ordering Merchandise POS 75

Lavu

MARCH 27, 2020

The words “restaurant management system” rarely cause excitement. While service and food remain the most important parts of driving your business, your restaurant’s management system is what keeps it running smooth and healthy. Restaurant Management Is Evolving Rapidly Too. A Historical Look at the Evolving Restaurant.

Point of Sale 78

Point of Sale Front of House Mobile Ordering Online Ordering 78

Clover - Restaurants

MAY 30, 2024

Lastly, by offering additional services like catering or selling merchandise, restaurants can more efficiently use their existing kitchen space, staff, and inventory, maximizing their resources throughout the day or week. Merchandise Selling hats, tote bags, and t-shirts with your restaurant name has two benefits.

Merchandise 52

Merchandise Catering Kitchen Safety Cash Management 52

Open for Business

SEPTEMBER 2, 2024

Use inventory management software to track usage and reduce waste. Fine-tuning your approach to staff management can significantly impact labor costs while maintaining high-quality service and a positive work environment. Look into software solutions for inventory management, employee scheduling, and accounting.

Point of Sale 78

Point of Sale Seasonal Menu Customer Service Inventory 78

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

BNG Point of Sale

OCTOBER 13, 2021

Inventory Management Support. Owning a convenience store is a time-consuming business, and it’s easy to lose track of crucial inventory information and stock management. With access to real time data and inventory management, your POS can help you reduce inventory costs and out-of-stock merchandise, at no extra cost.

POS 52

POS Point of Sale Cash Management Customer Service 52

Apicbase

MARCH 28, 2024

In this guide, we’ll examine the definitions and calculations for different types of restaurant profit margins and discuss the best ways to improve them through better inventory and purchasing management, tech integrations, and analytics. What Is a Restaurant’s Profit Margin? They typically see profit margins of about 3% to 6%.

Food Truck 52

Food Truck Front of House Allergens Inventory 52

The Restaurant Times

OCTOBER 5, 2020

Gross Revenue is the sales revenue generated by selling food, beverages, and merchandise plus additional gains, i.e., income from a transaction that doesn’t come from regular business operations. Employ a POS system that comes with comprehensive recipe management and inventory management features.

Operations 52

Operations Equipment Merchandise Food Order 52

Squirrel Systems

MAY 17, 2024

Cost Management : Monitor costs, including food, labor, and overhead. Look for opportunities to negotiate better terms with suppliers and optimize inventory management. This could include offering catering services, launching a food truck, or selling branded merchandise.

Operations 52

Operations Loyalty Program Cash Management Point of Sale 52

BNG Point of Sale

JUNE 19, 2020

Additionally, you can manage inventory, and maintain live updates from each of your locations anywhere you are, all on one merchant system. There are mobile payment processing solutions like PayAnywhere, and also some traditional point of sale systems have mobile apps, giving you the power to track sales and inventory when on the go.

Point of Sale 45

Point of Sale Mobile Ordering Merchandise POS 45

Open for Business

MAY 16, 2024

Integrate reservation and ordering systems Streamline your customer experience by connecting your reservation management systems and any other third-party ordering platforms you use for takeout/delivery. Consider components like the navigation bar, home page sections, menu, press coverage, and photo galleries.

Website Management 78

Website Management Email Marketing SEO Seasonal Menu 78

BNG Point of Sale

OCTOBER 8, 2021

A similar tool not only rings up merchandise, it improves sales, service, and the way your business functions. It’s a cloud-based system, but also works offline, and offers benefits for retail employees, managers, and owners onsite at a store and from any other location. Immediate Access to Inventory.

Retail 52

Retail POS Mobile Ordering Cash Management 52

MBB Hospitality

NOVEMBER 28, 2023

Financial Management and Cost Control In tough economic times, the meticulous financial oversight can make all the difference. This includes optimizing your inventory to reduce waste, negotiating with suppliers for better rates, and employing technology to streamline operations.

Loyalty Program 52

Loyalty Program Customer Service Customer Experience Social Media 52

Rocket Fuel

JULY 12, 2022

Managing any business requires some number crunching, but when it comes to tracking profits, few businesses are as complex as restaurants. ” Other restaurant owners may utilize software to manage data from their stores, and that software should be able to create P&L statements on its own. Don’t do nothing.

Cash Management 52

Cash Management Download Merchandise Audits 52

Notch

JANUARY 23, 2019

And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. So when you’re trying to manage your profits and losses, what you’re really doing is: weighing your risks, developing contingency plans—and mitigating the factors you can’t account for, by focusing on the ones you can.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52

The Restaurant Times

DECEMBER 22, 2021

A steady increase in the number of customers and order frequencies meant a steady increase in the GMV (gross merchandise value) of restaurants. . It can store data, integrate with other platforms, as well as streamline employee, customer, and inventory management processes. What Are The Features You Need?

License 52

License Loyalty Program POS Point of Sale 52

Apicbase

JUNE 16, 2023

In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking. The metrics and calculations in this list will help you bring order to the chaos and manage the performance of each unit in the chain. Get a 360-view of your sales & inventory data Adopt restaurant analytics software.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

The Restaurant Times

APRIL 19, 2021

The food truck should be well equipped with an advanced kiosk system or POS software to take orders easily amidst the rush, securely manage the bills & reports, and provide details of the inventory. However, POS software is a better choice than kiosks when it comes to managing restaurant or food truck operations. .

Food Truck 52

Food Truck Kitchen Safety Front of House Food 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

Point of Sale 52

Point of Sale Social Media Customer Service Online Ordering 52