Modern Restaurant Management

MAY 6, 2021

For some business types, at least 33 percent of 2019 gross receipts must have comprised on-site sales to the public. For businesses that were open for all of 2019 and 2020, the maximum amount they can receive is $5 million per restaurant or $10 million per restaurant group. This number is your annualized 2019 gross receipts.

Document 197

Document Point of Sale 2019 Food Truck 197

Modern Restaurant Management

JUNE 26, 2024

The popularity of drive-thru continues as sales are up 30 percent since 2019. An intuitive content management system (CMS) empowers you to feature the right items and promotions at the right time of day to boost sales. At leading restaurant chains, drive-thrus can account for 70 percent of sales or more , so every second counts.

Seating 175

Seating Mobile Ordering Point of Sale Customer Experience 175

7 Shifts

JULY 27, 2022

They've been up north since the 90s, and in 2019, they embarked on a digital transformation. The team started by importing about a year's worth of sales data from their Xilnex point-of-sale into 7shifts to get the ball rolling on projections. “We And those sales forecasts came within 10% accuracy. Region: Canada.

Point of Sale 195

Point of Sale Franchise Franchising 2005 195

Modern Restaurant Management

JANUARY 12, 2022

71 percent rely on delivery for 11 percent or more of sales. 33 percent rely on delivery for more than 20 percent of sales. 65 percent rely on mobile ordering for 11 percent or more of sales. 25 percent rely on mobile ordering for more than 20 percent of sales. Investment in delivery and mobile ordering pays off.

2022 215

2022 Mobile Ordering Guest Recovery Point of Sale 215

Modern Restaurant Management

AUGUST 16, 2021

Consumer spending at restaurants was up +32 percent in the April-May-June 2021 quarter compared to the same quarter last year, and for a pre-pandemic view, flat compared to the same quarter in 2019. Despite the gains, FSR dine-in visits are down -37 percent from the second quarter of 2019. The State of the Restaurant Industry.

2021 180

2021 Guest Recovery 2019 Point of Sale 180

Modern Restaurant Management

JULY 20, 2021

Total restaurant visits were down -6 percent in May 2021 compared to May 2019 but were up +23 percent from a year ago, recovering from a -23 percent decline in May 2020. Snack were up this May +8 percent compared to May 2019 and up +3 percent compared to two years ago. Falling outlets, rising sales. " Remarkable Resiliency.

2021 189

2021 Guest Recovery Online Ordering Point of Sale 189

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.

Loyalty Program 194

Loyalty Program Online Ordering Cash Management Point of Sale 194

Lavu

JUNE 3, 2019

Restaurants see a 26% uptick in sales with seasonal menus and a 23% increase in average ticket size. . Restaurants see a 26% uptick in sales with seasonal menus and a 23% increase in average ticket size. . After all, 2019 is the summer of the smoky cocktail (see below). In other words, it’s party time! Smoke Your Drinks.

2019 60

2019 Seasonal Menu Point of Sale Compost 60

Modern Restaurant Management

DECEMBER 30, 2020

At-home meal kits increased 13x in 2020 from 2019, with some of the most popular options including NYC-based I CHIRAN’s Take-Home Ramen Kit and New England Lobster’s Lobster Roll Kit in San Francisco. This edition of MRM Research Roundup features top trends for 2020, how 2020 changed food and the year's top wines.

2020 211

2020 Merchandise Retail Point of Sale 211

Modern Restaurant Management

AUGUST 31, 2021

The comparable week last year (to August 22 2020), while in recovery compared to the height of restrictions, was still lower than the same week in 2019. Average outlet $ sales (velocity) trends have generally been flat or in slight decline in recent weeks. Sales velocity is now +20 percent vs August 24, 2019. California.

2021 158

2021 Point of Sale 2019 White Paper 158

Black Box Intelligence

DECEMBER 16, 2022

Best and worst performing region, segment and cuisine is based on same-store sales growth. Restaurant Sales & Traffic Growth Softening Again, Likely Signaling Tougher Times Ahead. However, when looking more granularly at the data, same-store sales growth was -3.4% percentage point drop. year over year in November.

Fast Casual 98

Fast Casual Point of Sale Front of House Fine Dining 98

Black Box Intelligence

SEPTEMBER 26, 2024

Out of the Box: Monthly Restaurant Industry Update August 2024: Is This a Turning Point? Comp Sales -3.6% Comp Sales -3.6% August Restaurant Performance Data: Sales and Traffic Trends Same-store sales growth of -0.4% Same-store sales growth has improved by 2.0 percentage points in August relative to July.

Front of House 52

Front of House Point of Sale Guest Recovery Back of House 52

Cheetah

MAY 17, 2021

All food & beverage businesses for whom at least one third of their income is from onsite sales are eligible to apply. We know that government paperwork isn’t everyone’s cup-of-tea. Who Manages the Restaurant Revitalization Fund? billion dollar COVID-19 RRF to small food and beverage businesses. Who Can Apply?

Webinar 143

Webinar Point of Sale Small Business Food Truck 143

Modern Restaurant Management

DECEMBER 20, 2021

Restaurants have endless third-party ordering app options, but those do come with a price, approximately five-twenty percent of each sale. Contactless payment eliminates a potential hurdle between you and more sales. The pandemic forced restaurants to adapt to not only a new, leaner business model but also to new consumer behavior.

Mobile Ordering 227

Mobile Ordering Online Ordering Customer Experience Consumer Goods 227

Modern Restaurant Management

JUNE 22, 2020

In January of 2020, Impossible Foods, a leader in plant-based meat alternatives, primarily focused sales on the restaurant trade, selling to less than 200 supermarkets; by May of 2020, the company was selling its line of plant-based products in more than 3,000 retail markets and grocery stores.

Point of Sale 179

Point of Sale 2019 Food Supply Restaurant Law 179

Modern Restaurant Management

APRIL 13, 2022

To combat these obstacles among countless others, leaning on point-of-sale (POS) solutions can empower restaurants to quickly leverage new features to maximize profits in a fluctuating service economy. billion combined revenue from April to September 2020, more than twice as much as their combined revenue in 2019.

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POS Food Supply Mobile Ordering Point of Sale 215

Modern Restaurant Management

MARCH 9, 2023

Patrick’s Day weekend in 2019, 63 percent of car-related fatalities involved drunk drivers, and in 2018, 33 percent of pedestrians killed in car crashes over the holiday were intoxicated with a BAC over 0.08. Spirit sales are 153 percent higher than usual over the holiday weekend, and it’s the number one beer drinking holiday.

Bar 180

Bar Insurance Restaurant Law Point of Sale 180

Modern Restaurant Management

APRIL 23, 2021

The program will allow eligible restaurants and other food establishments to access the RRF application or data they need to fill out the application through their point-of-sale (POS) service providers. “The SBA must be as entrepreneurial as the entrepreneurs we serve.

Point of Sale 128

Point of Sale Webinar Small Business Customer Service 128

7 Shifts

SEPTEMBER 14, 2020

Ultimately, The Human Bean decided to partner with 7shifts – and has seen booming sales, controlled labor cost percentages, and a measurably more efficient scheduling process across their corporate-owned locations ever since.

Management 195

Management Management Point of Sale Franchise 195

Modern Restaurant Management

DECEMBER 20, 2023

As with most other industries, the biggest talking point for restaurants in 2023 has been artificial intelligence. . Each year, Modern Restaurant Management (MRM) magazine asks experts for their views on the state of the industry. Here are some of their insights. Click here for the first part.

2023 197

2023 Loyalty Program Mobile Ordering Consumer Goods 197

Modern Restaurant Management

JULY 15, 2020

According to the latest Financial Trends Insights from Black Box Financial Intelligence™ , based on data from the week ending June 28, restaurants sales continue improving. See the latest sales and traffic results here: Sales Improve but Restaurants Should Brace Themselves for Challenges Ahead. Financial Trends Insights.

2020 195

2020 Mobile Ordering Point of Sale Food Supply 195

EATER

NOVEMBER 4, 2024

Though this pushes the pricing of Entertaining up, that interest inevitably dies down again: As of this writing, recent eBay sales of Entertaining have been more in the $5-$15 range. Hayden’s interest in Entertaining was inspired by CNN’s Martha Stewart docuseries that dropped in January. It also picked up with the start of the pandemic.

Book 90

Book Entertainment Point of Sale Email Marketing 90

Modern Restaurant Management

APRIL 28, 2020

According to The NPD Group, take-out and delivery accounted for nearly 50 percent of all restaurant spend in 2019. According to The NPD Group, take-out and delivery accounted for nearly 50 percent of all restaurant spend in 2019. Restaurants Doubling Down on Drive-Thru, Curbside and Delivery. Restaurants in New Spaces and Places.

Operations 185

Operations Point of Sale Customer Service Mobile Ordering 185

Modern Restaurant Management

DECEMBER 20, 2022

Technomic is forecasting that the industry’s total value will only be 90 percent of 2019’s value in real terms. While sales have in many cases, rebounded, operators faced ongoing struggles from inflationary pressure on food costs, hiring and retaining staff, along with supply chain issues and availability of key items.

2022 197

2022 Food Supply Point of Sale Dietary Restrictions 197

Black Box Intelligence

NOVEMBER 17, 2022

Best and worst performing region, segment and cuisine is based on same-store sales growth. After experiencing the softest sales growth results in over a year during this past June and July, the restaurant industry has since enjoyed a strong rebound in its sales that started in August and has extended into October.

Front of House 98

Front of House Fast Casual Back of House Fine Dining 98

Lavu

MAY 31, 2019

If you have too little in stock, you’ll lose sales and end up with dissatisfied customers. The first point of inventory management begins at the purchase order. Order quantities should correlate to sales and, therefore, should include exact quantities. Do you dread taking bar inventory? You’re not alone.

Inventory 68

Inventory 2019 Waste Point of Sale 68

Black Box Intelligence

SEPTEMBER 16, 2022

Restaurant Sales Growth Rebounds – Posting Best Month Since March 2022 . Best and worst performing region, segment and cuisine is based on same-store sales growth. Restaurant sales and traffic growth rebounded this month thanks in large part to an increase in consumer confidence. Restaurant same-store sales growth was +5.3%

Fast Casual 97

Fast Casual Point of Sale Front of House Fine Dining 97

Modern Restaurant Management

OCTOBER 26, 2022

A Federal Reserve Bank of San Francisco Diary of Consumer Payment Choice report further revealed that consumers continued to use credit cards and debit cards for most of their payments, accounting for 57 percent of total payments in 2021 compared to 55 percent in 2020 and 54 percent in 2019. According to a PYMNTS survey of 3,250 U.S.

Consumer Goods 179

Consumer Goods Customer Service Restaurant Law Audits 179

Modern Restaurant Management

MARCH 1, 2022

To accurately assess the underlying trends of restaurant performance, RMS compared 2021 sales and traffic to pre-pandemic 2019 data. On average, sales were up 8.1 percent over 2019, and average check increased by a remarkable 22.9 percent compared to 2019. QSR 2021 Performance. ” QSR App Adoption.

Loyalty Program 183

Loyalty Program Mobile Ordering Download Food Order 183

Black Box Intelligence

OCTOBER 25, 2024

Comp Sales -2.7% Comp Sales -2.7% Additionally, there seems to be a positive change in regard to comp sales and traffic. Sales +1.4% +1.9% -0.9% -4.5% -0.6% +0.1% +0.6% +0.1% -0.1% -2.3% -0.4% +0.4% Bouncing Back From July: Sales and Traffic in September July marked a low point for the industry.

2024 52

2024 Guest Recovery Point of Sale Employee Relations 52

Modern Restaurant Management

JANUARY 15, 2021

This edition of MRM Research Roundup features restaurant industry year-end totals, how restaurant labor is evolving, fast-food brand intimacy and top cities for locavores. An Unpopular Year. In April, the segment’s customer transactions declined by -70 percent compared to year ago, and improved its declines to -30 percent in December.

2021 169

2021 Fast Casual Fine Dining Point of Sale 169

Chowly

FEBRUARY 23, 2024

While restaurant sales are predicted to rise in 2024, high operational costs will limit profit margins. Sales and Economic Forecast Independent restaurants bore the brunt of the pandemic, with approximately 10% closing in 2020 compared to 2.5% Sales are projected to rise, but the higher cost of doing business will challenge margins.

2024 96

2024 Loyalty Program 2023 Point of Sale 96

Restaurant365

AUGUST 6, 2021

Restaurant forecasting leverages historical revenue data, information about current conditions, and knowledge of external events to help project future sales levels. With restaurant restrictions and shifting customer behaviors, restaurants in 2020 and much of 2021 faced fluctuating sales and revenue levels.

Point of Sale 78

Point of Sale Inventory 2021 Waste 78

Modern Restaurant Management

JULY 30, 2020

Orders from online channels and delivery partners had to be manually entered into its previous Point-of-Sale (POS) system, and manually delivered to the kitchen. Panino Giusto is embracing technology, including Oracle MICROS Simphony Point-of-Sale to help pivot and deliver a safer, pleasurable experience to customers.

Technology 153

Technology Operations Loyalty Program Point of Sale 153

Foodable

APRIL 12, 2022

Mobile payment app Strike has partnered with Shopify, alternative payment provider Blackhawk Network, and point-of-sale supplier NCR to create a new US payment system that allows merchants to quickly receive payments in dollars after people pay with crypto. What this means for companies like a Starbucks whose sales are $24.6

Point of Sale 115

Point of Sale 2019 Technology Marketing 115

Modern Restaurant Management

APRIL 7, 2023

Point-of-sale financing is becoming more popular and is expected to make up 13-15 percent of lending products in 2023. Point-of-sale financing is becoming more popular and is expected to make up 13-15 percent of lending products in 2023. In 2019, Lending Express conducted a survey where 7.5

Cash Management 100

Cash Management Equipment Front of House Small Business 100

Restaurant365

JANUARY 2, 2020

Accurate restaurant sales forecasting can fuel more informed decision making in nearly every aspect of restaurant operations. Your Point of Sale (POS) system used to be just a tool to process transactions. Using POS data for accurate restaurant sales forecast. The importance of your POS data. Ways to use your POS data.

POS 97

POS Point of Sale Inventory Information 97