Modern Restaurant Management

MARCH 11, 2020

US Foods Holding Corp.entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. NYSE: APO) (the “Apollo Funds”) for $970 million in cash. by the end of fiscal 2021. reducing to approximately 3.0x

Bar 386

Bar Cash Management Loyalty Program Point of Sale 386

7 Shifts

FEBRUARY 12, 2021

They could also be trying to get out of a bad situation—be it management, building, or market related. Find out the true costs Understanding the businesses food and labor costs, monthly overhead, and a clear picture of the business cash flow. What staff will remain and who needs to be hired?

License 444

License Equipment Certification Take-out 444

Modern Restaurant Management

AUGUST 5, 2020

and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. This year’s Neighborhood to Nation Contest will double the number of winners to award 20 prizes of $5,000 in cash along with a robust marketing package.

Food Safety 527

Food Safety Mobile Ordering Online Ordering Kitchen Safety 527

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. " – John Oakes, Revenue Management Solutions CEO. Slow movers tie up inventory -and the cash needed to by that inventory. For part one, click here.

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2023 Loyalty Program Mobile Ordering Customer Experience 493

Modern Restaurant Management

JULY 25, 2023

As a restaurant owner, managing your finances effectively is crucial for the success and growth of your business. These incentives can help reduce your tax liability, increase cash flow, and promote business expansion. billion in the first quarter of 2021. billion in the second, third, and fourth quarters of 2020 and $7.9

Cash Management 221

Cash Management Government 2023 2020 221

EATER

MAY 23, 2022

In 2021, Carmellini imported outposts of his acclaimed New York restaurants Carne Mare and the Dutch , and Starr announced in April that he would bring vaunted New York brasserie Pastis to a location near Downtown in 2023. metro area in 2021 , and restaurateurs aren’t the only ones looking to cash in on the boom.

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Hotels Fine Dining 2021 Tourism 258

EATER

JANUARY 28, 2022

per hour — the lowest legal cash wage in the U.S. Melton also says she witnessed discrimination on the job — not only from customers but also from the store’s management. Even though Melton benefited financially from this practice, she spoke out about the inequity to the management. Jillian Melton was paid just $2.13

Cash Management 246

Cash Management Restaurant Law Employee Relations Food Supply 246

Xtra Chef

DECEMBER 30, 2020

Here are some of the actions, accomplishments and highlights of the past year… We introduced Recipe Management – a recipe for restaurant profitability. In January 2020, we launched our Recipe Management feature, giving our customers the ability to calculate plate costs easily, accurately and dynamically.

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2020 Cash Management Point of Sale 2021 151

Modern Restaurant Management

AUGUST 19, 2020

Modern Restaurat Management (MRM) magazine is collaborating with the team at MarketScale on The Main Course , a podcast that aims to explore the intense and competitive modern restaurant industry. "We Barbara Castiglia , MODERATOR – Modern Restaurant Management. They both went through a management training program.

Kitchen Safety 515

Kitchen Safety Loyalty Program Delivery Customer Service 515

EATER

MAY 16, 2024

“We would see employees on the right track, getting experience, starting to get to the next level, meaning a management promotion, and then child care would fall through,” says Marcus. Which, as an employee is one thing, but once you get into management, the stakes get higher. Then they couldn’t get to work on time.

Employee Relations 306

Employee Relations Government Hospitality Take-out 306

EATER

DECEMBER 16, 2021

With her newest book One Fair Wage: Ending Subminimum Pay in America , published in the fall of 2021, Jayaraman furthers the movement. The manager, who was white, shouted at her, “Who the hell do you think you are coming so late? The manager shouted at her that she didn’t care. The manager threw the plates at her.

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Back of House Delivery Employee Relations Mobile Ordering 363

Restaurant365

MARCH 15, 2022

Your hiring strategy must focus on hiring the right employees for your restaurant rather than just filling an open position. And a comprehensive approach to employee retention must be built into your hiring strategy. Consequently, it’s imperative that you hire with a retention mindset.

Hiring 78

Hiring Cash Management Insurance Communication 78

Touch Bistro

JULY 4, 2021

In 2021, the restaurant industry is experiencing an unprecedented labor shortage that’s seeing worker resignations and job openings at an all-time high. million jobs – or 12% – short of pre-pandemic levels as of June 2021. There are several driving forces behind the 2021 labor shortage. Well, go ahead and unlearn it.

2021 98

2021 Employee Relations Hiring Recruiting 98

Modern Restaurant Management

DECEMBER 12, 2019

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. Nathan’s Famous, Inc, hired two industry veterans, Erik Mallon and Jim Hicks, to bolster its franchise sales and development teams. More Tropical in Colorado.

Franchise 275

Franchise Franchising Loyalty Program Book 275

Modern Restaurant Management

SEPTEMBER 15, 2020

SALIDO leverages design, data, and workflow management to optimize both front- and back-end operations. SALIDO continues to execute on its hiring plans to recruit and invest in talent across their Product, Engineering, Customer Experience, and Sales Teams. ” says Antonio Primo, Managing Partner, VC Capital Holdings.

Fast Casual 405

Fast Casual Casual Menu Mobile Ordering 405

7 Shifts

SEPTEMBER 19, 2022

What about managers? Track and manage employee workload. For restaurant employees added in the past year (August 2021-August 2022), the average employee tenure is just 110 days —a little over three months. What about managers? Managers fared a bit better than hourly employees—with a turnover rate of 28%.

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Front of House Back of House Cash Management Customer Experience 195

Modern Restaurant Management

MARCH 24, 2020

Although these developments resulting from COVID19 require that the 2020 Show not go forward at this time, we are looking forward to partnering with you to make the 2021 Show the best ever." Brands funded the transaction using cash on hand and available borrowing capacity under its credit facilities. New Level of Hot Dog.

Food Supply 253

Food Supply Kitchen Safety Food Safety Cash Management 253

Black Box Intelligence

AUGUST 5, 2021

A competitive hiring landscape. The cost of restaurant and service industry labor in 2021 is accelerating rapidly. As of May 2021, limited-service crew wages increased 7.5% To reduce manager turnover rates at restaurants, it’s important to make them feel comfortable about the safety of the workplace as well.

Recruiting 102

Recruiting 2021 Management Management 102

Black Box Intelligence

AUGUST 5, 2021

A competitive hiring landscape. The cost of restaurant and service industry labor in 2021 is accelerating rapidly. As of May 2021, limited-service crew wages increased 7.5% To reduce manager turnover rates at restaurants, it’s important to make them feel comfortable about the safety of the workplace as well.

Recruiting 98

Recruiting 2021 Management Management 98

7 Shifts

OCTOBER 20, 2022

Throughout 2021, the U.S. Specifically, The DOL applied the updates to the amendments that occurred in 2018 in section 3(m) and other sections in the Fair Labor Standards Act: First, employers, supervisors, and managers cannot keep employee tips under any circumstances, even in a tip pool. Don't Include Managers in the Tip Pool.

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Tip Distribution Restaurant Law 2023 Cash Management 195

Modern Restaurant Management

AUGUST 14, 2020

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. “We came out of the gate incredibly strong in early 2020 and we look forward to continuing that momentum as we rapidly expand in 2021. Virtual Barbecue Pit.

Franchise 474

Franchise Franchising Kitchen Safety Food Safety 474

Modern Restaurant Management

MAY 12, 2020

Contactless Order & Pay provides operators with a safe, contact-free solution for in-service experiences, helping them manage labor costs and keep their employees safe. Lead information, conversation history, and all other social engagements are easily managed across all locations in a single, centralized platform.

Mobile Ordering 376

Mobile Ordering Online Ordering Food Order Hospitality 376

Modern Restaurant Management

JANUARY 9, 2020

parent company of fast-casual restaurant chain The Habit Burger Grill, for approximately $375 million in a cash transaction. and will continue to be managed by Russell Bendel, president and c.e.o., Cardmembers will need to activate by December 31, 2021 to enjoy the new benefit. Brands, Inc. and Ira Fils, chief financial officer.

Fast Casual 282

Fast Casual Customer Service Online Ordering Employee Relations 282

Modern Restaurant Management

MAY 1, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features COVID-19 crisis statistics and surveys about third-party delivery, guest expectations, QSR reliance and more. Forty-one percent will avoid exchanging cash when dining at restaurants, bars or cafes. January 2021 or after (24 percent).

2020 479

2020 Food Safety Fast Casual Guest Recovery 479

7 Shifts

FEBRUARY 12, 2021

They could also be trying to get out of a bad situation—be it management, building, or market related. Find out the true costs Understanding the businesses food and labor costs, monthly overhead, and a clear picture of the business cash flow. What staff will remain and who needs to be hired?

License 195

License Equipment Certification Take-out 195

Perfect Daily Grind

FEBRUARY 22, 2023

This makes India the seventh-largest producer of coffee in the world – meaning it’s a valuable cash crop for an estimated 250,000 coffee farmers in the country. An overview of coffee production in India According to data from the Coffee Board of India, between 2020 and 2021, over 471,000ha of land was used to grow coffee in the country.

Agriculture 169

Agriculture 2022 Article Cash Management 169

Perfect Daily Grind

FEBRUARY 17, 2023

A panel of judges will pick a winner who will receive either US $5,000 in cash or US $15,000 in credit for MTPak Coffee products. Pret A Manger hires 250 Ukrainian refugees as part of employment programme. Ukrainian employees hired through the programme will take on positions across 100 stores in the UK.

2022 121

2022 2023 Cash Management Food Supply 121

Restaurant365

JULY 29, 2021

The restaurant industry in 2021 looks significantly different from the pre-pandemic restaurant industry. Whatever opportunities you pursue, business in 2021 and beyond should look significantly different than it did in 2020. Ultimately, managing your vendor relationships is an area of risk management.

Cash Management 78

Cash Management Point of Sale 2021 Inventory 78

Touch Bistro

MARCH 23, 2021

Restaurant accounting and tax specialists have navigated many operators through millions of dollars in relief and helped them become cash flow positive through the pandemic. This article will also cover: Important restaurant tax deadlines for 2021 5 steps you need to take to increase cash flow during tax season. May 17, 2021.

2021 52

2021 Cash Management Employee Relations 2020 52

Perfect Daily Grind

OCTOBER 1, 2022

Speakers will include Head of Beverages at Nestlé Professional, Patrick Stern, and Relationship Manager at Perfect Daily Grind, Nicholas Yamada. revenue growth in 2021, bolstered by rising Nespresso sales. Total 2021 revenue for the UK branch of the multinational was £1.93 Registration is now open. Nestlé UK reports 13.2%

2022 135

2022 2023 Point of Sale Webinar 135

Touch Bistro

JULY 18, 2021

As of June 2021, the Bureau of Labor Statistics reported that the restaurant industry was still 1.5 Learn how to hire, train, schedule, and retain restaurant staff. Gone are the days when you could just slap a hiring sign in your window and the talented masses would come to you. The Ultimate Guide to Restaurant Staffing.

Back of House 52

Back of House 2021 Front of House Cash Management 52

Perfect Daily Grind

SEPTEMBER 29, 2022

To learn more about these new farm management techniques, I spoke with two people involved in the BREEDCAFS project taking place in northwest Vietnam. Laurent Bossolasco is the Asia-Pacific Regional Manager for ECOM Sustainable Management Services (SMS). Between 2021 and 2022, however, this number increased to 85%.”.

Agriculture 146

Agriculture Cash Management Pricing Article 146

BNG Point of Sale

OCTOBER 15, 2021

How Much Does A Retail POS System Cost In 2021? Electronic cash registers are as efficient and accurate as using a cigar box at the cash wrap when keeping track of money. For a business with a lot of moving parts, the costs can be quite high, especially if you need to hire internal staff to implement the POS system.

Point of Sale 52

Point of Sale Retail POS Cash Management 52

Modern Restaurant Management

MAY 17, 2021

percent) over the year to March 2021. Punchh announced the results of the Cinco de Mayo campaigns it powered for its restaurant brands on May 5, 2021. Early optimism is evident in a hiring spree led by restaurants & retailers expecting a major summer sales surge. ” Punchhing Up Cinco de Mayo.

2021 504

2021 Consumer Goods Small Business 2020 504

Aaron Allen & Associates

NOVEMBER 2, 2023

Whether you are a lender, investor, operator, part of a management team, or in executive leadership, you can benefit from looking at debt through this lens. In such cases, management may remain in place or it may be needed that a third party takes over to stabilize the business, preserve the assets, and facilitate a path toward recovery.

Cash Management 59

Cash Management Point of Sale 2024 2023 59

Apicbase

FEBRUARY 29, 2024

million in 2021, to $974.9 million tons in 2020 and 12 million tons in 2021. Square , 2024) Get started : Restaurant Inventory Management Software for Multi-Unit Restaurants and Large-scale Catering Operations. million in 2021, to $974.9 Restaurant sales in the US grew from $842.3 However, there is still a 2.6%

2024 52

2024 Operations 2023 Loyalty Program 52

Modern Restaurant Management

JULY 7, 2020

The transaction is subject to the approval of Postmates stockholders, regulatory approval and other customary closing conditions and is expected to close in Q1 2021. BurgerFi’s estimated 2021 net company revenues and 13.6x BurgerFi’s estimated 2021 adjusted EBITDA of $10.5 ’s stock price performance.

Mobile Ordering 481

Mobile Ordering Restaurant Law Seating Customer Service 481