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Standardized Payment Systems Are Key to Success for Franchises

Modern Restaurant Management

Often, franchisees are not provided with their own point of sale (POS) systems and other vital pieces of technology so they end up having to pay full retail prices for these essential items. billion people all around the world were using digital payments in 2020, a jump of 25% from 2017. Standardize Payments Technologies.

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Five PR Ideas You Can Implement in Your Restaurant This Year

Modern Restaurant Management

restaurants hit the jackpot over the last few years with multiple opportunities to drive traffic thanks to big, national news events happening in the city — including the James Comey hearing in 2017, Stanley Cup playoffs in 2018, and the World Series in 2019. Washington, D.C.,

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The Stages of Gentrification, as Told by Restaurant Openings

EATER

A key component of gentrification, which distinguishes it from revitalization, is the demographic shift that happens when newer, more expensive development attracts wealthier newcomers, often young professionals, who then price out the community’s original residents. and 1 is indicative of a strong correlation. By 2013, there were 13.

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Seven Top Restaurant Marketing Ideas And Trends

Modern Restaurant Management

Instead of promoting items according to price or margin, promote what your customers love. Since then, the record has been broken, with the new record — ten bowls — being set in 2017. Others tend to emphasize their cheaper menu options. Both approaches might cause your restaurant to fail in attracting new customers.

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Skip the Straw: How Restaurants Can Make an Impact

Modern Restaurant Management

A group of Whitehall Middle School students known as “The Coral Keepers” founded National Skip the Straw Day in 2017 under the guidance of their advisor, Susan Tate. Instead, restaurants can offer a discounted drink price for consumers that bring in their own cups. The intention behind National Skip the Straw Day on Feb.

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Product Mix Analysis Drives Profitability and Revenue

Modern Restaurant Management

This was in 2017 but not much has changed even today. Starbucks, for example, uses a pricing strategy to find out how much customers are willing to pay for their products and services by increasing their prices in tiny increments. All made possible by utilizing technology.

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The Ultimate Guide to Restaurant Costs

7 Shifts

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. Labor Cost Percentage Averages Below is a breakdown of average labor cost percentages in Q4 of 2017: Quick service: 29.4% Fast casual: 28.9% Casual: 33.2% Upscale casual: 30.4%

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