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It’s no secret that running a restaurantfranchise is a complex task with an abundance of moving parts. Scalability For many franchise owners and leaders, growth is the ultimate goal. Relevant Experience Each industry comes with its own unique financial nuances, and the restaurant industry is no different.
Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2025. It is atop the list for restaurants looking to modernize, differentiate, and elevate experiences. Data, Data, Data. As of 2024, over half of U.S.
Even in the best of times, it’s mostly been an uphill battle for single location restaurants to compete with chain franchises. Differences in manpower, brand recognition, technology and marketing budgets have all presented significant challenges for single location restaurants to compete for market share. Marketing.
Clever marketing and strong branding from a restaurant’s corporate offices can boost sales for franchisedrestaurants. In turn, this gives franchisors more money from royalty fees, which creates a mutually beneficial cycle for restaurant success. Restaurants that franchise tend not to own many locations as a company.
There is no doubt that franchises do an incredible amount to help their franchisees, whether that’s providing business support and sharing key information to offering training and access to their trademarks and branding. Unfortunately, what many franchises often lack in providing is a unified payments system.
MRM Franchise Feed features news about the restaurantfranchise (MUFSO) landscape. ” Eligible employees of KFC corporately-owned and franchisee-owned restaurants can also participate in Savings Match Challenges funded by the KFC Foundation. . KFC Foundation Launches MyChange.
Some of the biggest restaurant businesses on the planet are franchises. They employ thousands of people and have served billions, and with so many people affected, it's understandable why there are franchise-specific laws and regulations in place. What Does Franchise Compliance Even Mean? Table of Contents.
The people have spoken, and your restaurantfranchise is a winner. In a sea of restaurants nationwide, yours has stuck out and been successful. Therefore, it might be time to expand your franchise and lay the foundation for one (or even several) more franchise locations. Next, you need a location.
Restaurants and franchises face numerous financial challenges that can hinder their success, however, by optimizing their payment processing strategy, these businesses can overcome some of the major obstacles faced by restaurants in their early start, helping them to achieve greater stability and ultimately profitability.
Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2025. In 2025, restaurants need to have a plan in place that ensures they are effectively managing inventory and redirecting unused, still edible food to donations.
At a time when stress is running high for folks cooped up at home, comfort food from their favorite restaurant is a respite in a crazy world. However, as customers return, restaurant operators face a slew of new challenges. Why Franchises Are Digitizing Brand Audits. The Next Normal for the Brand Experience.
Restaurants are feeling the bite of high labor costs, thanks to increased minimum wages, staff shortages, and high employee turnover that is outpacing other industries. The restaurant industry has the highest employee turnover rates, with an average of 6.1 percent compared to other industries’ rate of 4.9
Nearly 200,000 quick-serve restaurant establishments in the United States are not owned by the company whose name is on the building. At a glance, opening and operating a restaurantfranchise seems like a near-perfect business decision. of weekly gross sales for franchise royalties and advertising.
MRM Franchise Feed features the latest news in the restaurant and MUFSO franchising landscape. " Part of Famous Brands International, TCBY first opened in 1981 in Arkansas and currently has 250-plus franchise locations worldwide. ” Franchise opportunities remain in areas across the U.S.,
As the iconic brand now plots its reopening strategy, James Walker, Senior Vice President of Restaurants, said executives have been in constant contact with franchisees about the next steps, while maintaining a focus on the future that includes enhanced technology and the addition of e-commerce options. and Canada. . and Canada. ”
Are you managing one location (or several) of a multi-unit restaurant business? If so, you're not alone - 3 in 10 restaurants are part of a multi-location business. One of the biggest challenges that comes with multi-location restaurant ownership is managing teams across locations. Challenges of Managing Large Restaurant Teams.
Here are the signs it may be time to make the jump to schedule software. By using employee scheduling software , such as 7shifts, managers can save up to five hours every week. Scheduling software makes it easy for your team to request any changes in one place. You're spending hours a week building them out. was a pain.
Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurantfranchise and MUFSO environment. Send news to Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com.
Forget data centers and distant research labs: your local quick service restaurant may soon be the frontline of AI adoption in the real world. Brands – parent of KFC, Taco Bell and Pizza Hut – is partnering with Nvidia to accelerate the development of AI technologies for its restaurants.
What’s new on the menu for today’s innovative restaurants? Thanks to the labor shortage and increased profit pressure, savvy restaurants are going digital to provide the best customer experience and to keep up with the hefty competition. Internet of Things (IoT) technology. Today’s Special: Augmented Reality.
Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurantfranchise and MUFSO environment. ” The company already signed nine franchise licenses with three new franchisees. PJ's Hopes to Open 187 Locations Throughout Florida in Next 10 Years.
Here are some of the most important takeaways on how QSR brands can adjust their operations to recession-proof their business: Finding a New Balance of Labor and Volume Although the industry added back many of the jobs lost during the pandemic, most restaurants remain understaffed.
For businesses, and particularly franchise businesses, the metaverse presents some cutting-edge opportunities. This article takes a closer look at some of the risks associated with franchising in a virtual world and what businesses should be doing to prepare. But like most things, it's not without some pitfalls.
In a restaurantfranchise, it’s relatively common for check-signers to spend time at different locations, making the check-signing process exceedingly tricky and time-consuming. Because they support accounting teams, software can often locate payment errors such as duplicate payments before they become an issue.
Employee shift scheduling for your restaurant can be much more complex than it seems. If you're still using pen and paper, whiteboards, and excel scheduling templates and spreadsheets to make your schedule, it's time to start using scheduling software. Here are 5 signs you need to switch from excel to scheduling software.
In this edition of MRM News Bites, we feature a lot of tech news, a celebrity-owned virtual dining concept, and the annual Neighborhood to Nation Restaurant Recipe Contest. TouchBistro acquired Boston-based TableUp, a provider of loyalty and marketing solutions for the restaurant industry. TouchBistro Acquires TableUp.
Leading multi-unit restaurant brands are using technology to scale. Having many restaurants to manage is a pretty good problem to have. And that's the tip of the iceberg for multi-unit restaurant management. Modern restaurant technology can cut the guesswork, from store-level to corporate, and makes growth the only option.
there will be logistical challenges in trying to keep track of every detail without a business management software. If organization is important to you, you may want to invest in a management/ catering software that can automate a large portion of your business. Requires restaurants handle deliveries. Foodee (7, 8).
Predictive Scheduling has become a hot topic in the restaurant industry. This guide is designed to help you stay in front of Predictive Scheduling changes and make sure your restaurant is fully compliant. Recommended Reading: The 11 Employee Scheduling Best Practices + Tips for Restaurants. Restaurants with 30+ U.S.
But the digital interaction, along with the swiftness of digital transactions, had helped restaurant workers earn more tips—and increase their take-home as a result: According to data from Toast , tip amounts on digital or card transactions were 9.9 It's the business owner or even the software itself. How do you want to be remembered?”
Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their views on trends. Given the current landscape, restaurant brands are investing in their employees now more than ever to not only help attract and retain talent, but also create a better work environment to optimize efficiencies on and off premise.
Restaurants of today are infused with technology in many new ways, and it’s making a difference. A full 55% of consumers consider takeout and delivery essential to their restaurant experience. Restaurants turned to restaurant management apps to navigate this change, and it appears there’s no going back.
Before restaurants can record a profit, they need to take several expenses into account—inventory, kitchen equipment, building utilities, and of course, labor. What is Restaurant Labor Cost Percentage? The formula for calculating labor cost percentage is: Restaurant Labor Cost Percentage = (Total Labor Costs) ÷ (Total Sales) x 100%.
Restaurants of today are infused with technology in many new ways, and it’s making a difference. A full 55% of consumers consider takeout and delivery essential to their restaurant experience. Restaurants turned to restaurant management apps to navigate this change, and it appears there’s no going back.
It’s the key to creating a consistent experience every day, week, and month of the year — the essential structure for the restaurant’s operations. Getting it right is critical for sustained success in the restaurant industry. So how might a restaurant fail to comply with local laws related to scheduling?
How will restaurants deliver after COVID-19? The coronavirus crisis has challenged restaurants to rethink the way they deal with food delivery for good. Meanwhile, smaller restaurants had to turn to third-party delivery services like Doordash, UberEats, Grubhub to deliver food to their customers.
Managing a restaurant is a delicate routine—if we can even call it a routine. Managers are responsible for nearly every aspect of the restaurant and have to cover a variety of duties. In addition to their main duties, restaurant managers also have to contend with all the unwritten or hidden responsibilities that fall on them.
Both legacy restaurants and newer establishments can agree that the literal cost of doing business from payment processing can severely hamper revenue growth from the first sale. Restaurants must carefully choose their payment processing partners and payment methods to minimize these costs. business owners an added $1.2
The modern restaurant point-of-sale (POS) system has grown beyond simply handling payments. With the restaurant market expecting to exceed $22 billion by 2025 , the high volume of cash and credit cards that pass through a restaurant each day make a POS system a necessity rather than a convenience. The Evolution of POS.
Joe Nicholson was a manager and tech consultant at one of the busiest restaurants in Sacramento, CA—Tower Cafe. Now, as a copywriter at SpotOn, he helps restaurant owners and managers learn how to run a more profitable operation. Restaurant P&L statements can be downright confusing. Prime costs. Contribution margins.
They don't want to have to repeat themselves due to poor restaurant sound system quality or distracted employees. At leading restaurant chains, drive-thrus can account for 70 percent of sales or more , so every second counts. But what do customers want from the drive-thru experience and how can QSRs better meet those needs?
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features consumers' dining desires, the power of personalization and the untapped opportunity in localized marketing. Fatigued by cooking at home, consumers are anxious to dine at their favorite restaurants according to a new Oracle Food and Beverage study.
It’s fun to get dressed up, go to a fancy restaurant, and await the pièce de résistance: a slice of cake with a glowing candle on top and, maybe, some singing. It made me wonder — are we really entitled to anything at a restaurant or bar just because we’re celebrating a birthday? A flute of Champagne works, too.
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