Remove Merchandise Remove Online Ordering Remove Technology
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‘Cookie-Cutter Marketing Doesn’t Work in this Industry.’

Modern Restaurant Management

Now, our challenges have evolved: Keeping Pace with Technology : From AI tools to social algorithms to customer data platforms, the pace of innovation is nonstop. Restaurants and bars had to quickly pivot, letting guests know how to order online, if dine-in was available, or what safety protocols were in place.

Marketing 474
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Untapped Areas of Profitability in a Full-Service Restaurant

Squirrel Systems

Introduce wine pairings or tasting events with online booking options. Leveraging Private Dining & Events with Online Booking Many restaurants have underutilized space that could generate additional revenue through private events. Creating customizable prix fixe menus for groups with easy online ordering.

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Inside the World of Hospitality and Leisure Accounting

Paper Chase Accountancy

High Cash Volume and Diverse Payment Methods: These businesses handle a large volume of daily transactions, often involving cash, credit cards, online payments, and gift cards, requiring robust internal controls and reconciliation processes. Look for case studies or client testimonials from similar businesses. Maintain strict separation.

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Restaurant Profit Margin: 7 Ways To Actually Make Your Operation More Profitable

SpotOn

This is all the income from your food and beverage sales, catering, branded merchandise, packaged goods, venue hire, etc. Your Cost of Goods Sold are your food and beverage costs along with the cost of any merchandise you sell. As servers spend more time with guests, they upsell more often and are around to capture additional orders.

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MRM Research Roundup: To-Go Trends, State of the Plate, and Black Market Reservations

Modern Restaurant Management

Off-Premises Dining Is Essential Nearly 75 percent of all restaurant traffic now happens off-premises—meaning that almost three out of four restaurant orders are taken to go. More than 60 percent say they’re ordering off-premises more often than a year ago. Older adults still prefer in-person ordering.

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MRM Research Roundup: Cautious Optimism, Beyond the Burn, and the Taylor Swift Economy

Modern Restaurant Management

Restaurants Order Up Tech, AI, and Dynamic Pricing As far as technology goes, 26 percent of respondents said they’d like to start using new tech to help run their business, which is up seven percentage points from last year. The survey also found that 77 percent of diners prefer restaurants with good service reviews.

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Reopening Your Restaurant? Here’s Your Digital To-Do List

ChowNow

Reopen your restaurant with contactless dine-in technology. This is why industry leaders like the NRA recommend digital menus and contactless dining technology. With a contactless dine-in model, your customers can view your menu, place an order, and pay using their own devices. Use all of the online ordering channels you have.