Modern Restaurant Management
NOVEMBER 24, 2020
Restaurant owners are being forced to find a way to make it through winter with vastly reduced revenue, and many operators are scrambling to reallocate budgets and manage staffing to survive COVID-19. Managing cash flow can be difficult for seasonal businesses. Plan for Gaps in Your Budget.
Modern Restaurant Management
FEBRUARY 3, 2022
Seventy-four percent of full service restaurants (FSRs) managed to maintain or increase their sales during the pandemic; however, profit margins in 2021 declined to 10 percent, compared to 12 percent in 2019, according to third annual State of Full Service Restaurants Report released by TouchBistro.
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Modern Restaurant Management
JULY 19, 2022
Traditionally, this has meant that the manager comes out and apologizes to the guest, then offers a discount or a comped meal. Consumers adjusted; between 2019 and 2020, online ordering for food/beverage rose by a record 93 percent. Also, as of 2019, up to 35 percent of in-person restaurant purchases were paid for in cash.
Modern Restaurant Management
DECEMBER 16, 2019
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the great gift of a restaurant gift card, learning about event professionals, top QSR traffic and digital ordering strategies. While restaurant sales were lower for November of 2018, November of 2019 did not include the same holiday headwinds.
7 Shifts
SEPTEMBER 7, 2021
To answer this question, we compared 2019 vs 2021 restaurant receipts. in 2019 and $99.50 For this question, we also used 2019 vs 2021 tip data. Patrons are tipping about 18% MORE than they were in 2019. in 2019 and $18.26 The next largest cost for most restaurants is labor–and there is cash to be saved.
EATER
FEBRUARY 10, 2022
DoorDash Capital is actually a cash advance and a fee, okay? In a FAQ on the company website , DoorDash is very clear that its new financing product is a cash advance, not a traditional loan. In 2019, Toast Inc., Shutterstock. The move comes as no surprise for anyone who’s been watching DoorDash over the last year.
Modern Restaurant Management
FEBRUARY 4, 2022
This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. A short menu can slim down the food costs through streamlined inventory management, as well as reduced food waste. Pizza companies have long managed their delivery services independently.
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