Modern Restaurant Management

DECEMBER 19, 2023

However, high-interest rates are pushing some prospective buyers out of the market who can’t pay with cash. QSRs are lower rent, with lower labor costs, and most importantly are easier to manage for potential owners new to the industry. The restaurant industry is back to normal.

Marketing 100

Marketing Cash Management 2024 2023 100

Modern Restaurant Management

AUGUST 16, 2023

Gone are the days of cash-only transactions. POS systems offer a multitude of benefits for businesses, including: Streamlined operations by automating various tasks such as sales transactions, inventory management and reporting. Here are the ways technology is revolutionizing the culinary world through.

Loyalty Program 167

Loyalty Program Mobile Ordering Dietary Restrictions Customer Experience 167

Open for Business

OCTOBER 8, 2024

Ease the pressure on your front-of-house staff while managing guest expectations and boosting your bottom line. Online waitlists are a smarter way to manage the holiday rush The holiday rush often means longer wait times and crowded host stands.

Dietary Restrictions 78

Dietary Restrictions Seasonal Menu Reservations Cash Management 78

7 Shifts

JULY 25, 2024

Profitability remains a challenge for many restaurants, especially with prices for ingredients and labor going up. You can then accept cash payments upon delivery, which is helpful for local restaurants with limited budgets. In fact, only 27% of restaurant owners expect to be more profitable this year.

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2024 Loyalty Program Point of Sale Online Ordering 243

SpotOn

MAY 14, 2024

SpotOn, as one of the leading software and payment companies in the field, has become a favorite among managers, restaurant operators, and staff thanks to our personalized customer service, competitive money value, and range of tools designed to help any restaurant succeed. Capterra users gave SpotOn a rating of 4.3, from Capterra reviewers.

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POS Point of Sale Customer Service Online Ordering 52

Aaron Allen & Associates

NOVEMBER 2, 2023

A new investor or lender will assess the value of the asset, negotiate, and offer a price to buy out the original investor. 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. But know, it takes money to raise money.

Cash Management 59

Cash Management 2024 Point of Sale 2023 59

The Restaurant Times

JANUARY 26, 2023

But as cloud technology developed, the basic POS system transformed into a full-fledged restaurant management system. Over 20% of POS solutions are already in the cloud, and 29% are planning to do so by 2024. Customers adore loyalty programs’ benefits, like savings, cash rewards, or tailored offers.

POS 59

POS 2023 Loyalty Program Point of Sale 59

7 Shifts

JULY 1, 2024

Running a bar is a lucrative business, proven by the fact that this industry is estimated to be valued at a whopping $36 billion in 2024. Will you get a discount if you pay for all the supplies you bought in cash? An overall management software with time-clocking and payroll features would also prove useful.

Bar 221

Bar License Food Supply Restaurant Law 221

Aaron Allen & Associates

FEBRUARY 15, 2024

Originally published in the Aaron Allen & Associates newsletter on 02/12/2024. Will consumers like it just as much as the management team does? We’ve seen many investors get into the restaurant technology space skipping due diligence and paying the price later. Is this the right way to stay ahead?

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2002 Point of Sale Back of House 2023 52

Modern Restaurant Management

MARCH 20, 2024

Scaling and Attracting Investors To effectively scale a multi-unit restaurant business in 2024, courting investors is often necessary. rent) and (v) cash-on-cash return / payback – how long and at what rate will investment in a specific location be returned. Each metric tells its own story about the health of the business.

2024 180

2024 Cash Management Food Sustainability 180

Apicbase

FEBRUARY 29, 2024

To give you the full picture of the positives and negatives of what lies ahead for 2024, we combed through dozens of recent industry reports and compiled a list of 93 restaurant industry statistics. Restaurant Industry Stats 2024 – Our Top 10 10 restaurant industry stats for 2024 to keep in mind. Let’s dig in.

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2024 Operations 2023 Loyalty Program 52

Marketman

DECEMBER 21, 2019

Whether your restaurant is preparing for its grand opening night or will be celebrating its 10 year anniversary, it is never a bad time to begin implementing the best restaurant management practices and improving your processes. Restaurant management spans over a wide variety of elements including: Customer service. Staff management.

Management 52

Management Management Cash Management Inventory 52

7 Shifts

JANUARY 5, 2024

Any money a customer leaves voluntarily above the ticket price (including tax) is a tip or gratuity. New York also allows employers to claim a tip credit , reducing the cash wage requirement by one-third of the minimum wage. The minimum wage in New York changed to $15 per hour for all locations on January 1, 2024.

Restaurant Law 195

Restaurant Law Cash Management Tip Distribution Employee Relations 195

7 Shifts

JANUARY 5, 2024

Any money a customer leaves voluntarily above the ticket price (including tax) is a tip or gratuity. New York also allows employers to claim a tip credit , reducing the cash wage requirement by one-third of the minimum wage. The minimum wage in New York changed to $15 per hour for all locations on January 1, 2024.

Restaurant Law 195

Restaurant Law Cash Management Tip Distribution Employee Relations 195

EATER

AUGUST 20, 2024

Known for its “Every Day Low Prices,” the chain is the country’s dominant grocery retailer. Fly By Jing also had to come up with an “Every Day Low Price” — Walmart doesn’t do sales and promotions like other grocery stores do — that would be both appealing to Walmart customers and profitable for her company. at Walmart.

Retail 111

Retail Point of Sale Food Supply 2023 111

Mad Mobile

MARCH 8, 2024

Statistics from 2024 show that 84% of US consumers enjoy using self-service kiosks with 66% preferring them to staffed checkouts. They don’t have to wait for a server, and they don’t have to feel rushed to cash out at the end of their experience. One of the biggest drivers behind this shift is consumer behavior.

Ordering 40

Ordering POS Online Ordering Mobile Ordering 40

Perfect Daily Grind

FEBRUARY 10, 2023

International Coffee Organisation says coffee prices remained stable during January 2023. Despite a decline in global exports, the organisation reports that the ICO Composite Indicator Price fell by 0.1% The Munich company plans to open 25 stores in Texas by the end of 2024, including its first drive-thru location.

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2023 Pricing White Paper 2022 122

SpotOn

MAY 6, 2024

On January 1, 2024, the minimum wage increased to $16 per hour, a minimum wage rate passed by the legislature and approved by Democratic Gov Kathy Hochul. As of January 1, 2024, the Department of Labor raised the minimum wage to $15 for all employees outside of New York City, Long Island, and Westchester. Service Employee $12.50

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2024 Cash Management Restaurant Law Small Business 52

Modern Restaurant Management

DECEMBER 31, 2019

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders and experts for their insights on what will impact restaurants in 2020 and the response was overwhelming. Rick Camac, Dean of Restaurant & Hospitality Management at the Institute of Culinary Education.

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2020 Kitchen Safety Consumer Goods Point of Sale 138

EATER

MARCH 22, 2024

Annual dues can run as high as $5,000, a small price to pay to rub elbows with legit celebrities like Amy Adams, or to spot Prince Harry and Meghan Markle out on date night. Somehow, the "wrong crowd" managed to infiltrate New York’s Soho House — a crowd of corporate suits. So, it’s entirely subjective.)

Back of House 112

Back of House Social Media 2017 Hotels 112

EATER

MARCH 22, 2024

Annual dues can run as high as $5,000, a small price to pay to rub elbows with legit celebrities like Amy Adams, or to spot Prince Harry and Meghan Markle out on date night. Somehow, the "wrong crowd" managed to infiltrate New York’s Soho House — a crowd of corporate suits. So, it’s entirely subjective.)

Back of House 104

Back of House Social Media 2017 Hotels 104

7 Shifts

AUGUST 1, 2024

Senate Bill 478 , also known as the "Honest Pricing Law" or "Hidden Fees Statute", went into effect July 1, 2024 — but not without controversy. Two months before the bill went into effect, California's Department of Justice confirmed restaurants would need to fold fees in their menu prices. What is the junk fee ban?

Restaurant Law 221

Restaurant Law Front of House 2024 Back of House 221