7 Shifts

AUGUST 2, 2024

By tracking metrics like customer retention and employee turnover rate, contribution margin, and menu item profitability, restaurant managers can identify each area’s strengths and what areas need improvement. This number is essential because it helps you determine the price of your food and beverages.

Point of Sale 397

Point of Sale Inventory Seasonal Menu Cash Management 397

Modern Restaurant Management

APRIL 27, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. Best practices for calculating cash flow. MRM Restaurant Survival Guide Updates and COVID-19 Resources for Restaurants. Tips for pivoting to retail.

Mobile Ordering 494

Mobile Ordering Webinar Loyalty Program Online Ordering 494

ChowNow

SEPTEMBER 17, 2024

Managing accounts payable (AP) for restaurants efficiently is vital to running a successful restaurant. From keeping up with invoices to negotiating better payment terms with suppliers, these steps can ensure smoother operations, improved cash flow, and stronger relationships with your vendors. Automation can be a game changer here.

Cash Management 195

Cash Management Document Restaurant Law Online Ordering 195

SpotOn

FEBRUARY 26, 2025

Joe Nicholson was a manager and tech consultant at one of the busiest restaurants in Sacramento, CA—Tower Cafe. Now, as a copywriter at SpotOn, he helps restaurant owners and managers learn how to run a more profitable operation. That could simply be food sales , alcohol , and non-alcoholic beverages. Prime costs.

Point of Sale 88

Point of Sale License Insurance POS 88

ChowNow

AUGUST 26, 2024

All of the ingredients of success come down to how you manage your money to keep costs under control and bring in profits. Startup Budget This covers initial costs such as equipment, licenses, renovations and initial inventory. We’ve got a few tips to effectively manage your restaurant business budget.

Cash Management 195

Cash Management Seasonal Menu Inventory Equipment 195

7 Shifts

JULY 1, 2024

However, note that bar profit margins vary due to various factors like tax rates, licensing laws, customer demographics, and the cost of living in your area. Obtain permits and licenses Remember: selling alcohol is a heavily regulated business. Before you start a bar, you must secure a license from the Alcohol and Tobacco Trade Bureau.

Bar 221

Bar License Food Supply Restaurant Law 221

7 Shifts

FEBRUARY 15, 2024

Bar management software is a tech-forward way to handle many of the elements necessary to operate a bar successfully. Depending on the solution you choose, this software could include features that help with employee management, inventory tracking, POS capabilities, payroll, and more. And it’s not just a matter of focus.

Inventory 195

Inventory Bar Management Management 195

7 Shifts

FEBRUARY 15, 2024

Bar management software is a tech-forward way to handle many of the elements necessary to operate a bar successfully. Depending on the solution you choose, this software could include features that help with employee management, inventory tracking, POS capabilities, payroll, and more. And it’s not just a matter of focus.

Inventory 195

Inventory Bar Management Management 195

Focus POS

SEPTEMBER 17, 2020

Even more surprising, restaurants that haven’t sold alcohol previously are now choosing to get liquor licenses so they can provide alcohol to-go. Here’s how you can cash in on this trend: State Regulations Vary. If you have a license to sell alcohol, it may be easier to implement alcohol to-go. ID Scanning.

License 162

License Restaurant Law Online Ordering Uniforms 162

7 Shifts

FEBRUARY 12, 2021

Tack on obtaining permits and licenses, and you could be in for a pretty big check. 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.

License 195

License Equipment Certification Take-out 195

Modern Restaurant Management

SEPTEMBER 15, 2020

SALIDO leverages design, data, and workflow management to optimize both front- and back-end operations. With the integration of both platforms, first-party orders made through Lunchbox will effortlessly feed into Ordermark’s platform to ensure that restaurants can manage both first-party and third-party orders from one location.

Fast Casual 405

Fast Casual Casual Menu Mobile Ordering 405

7 Shifts

MAY 23, 2024

Managing a restaurant is not for the faint-hearted. This includes: Net Sales: The total revenue derived from your sale of food and beverages. A restaurant budget allows restaurant owners and managers to see directly if they are meeting their income and expense benchmarks.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Cash Management 221

Modern Restaurant Management

MARCH 7, 2020

Modern Restaurant Management (MRM) magazine's People & Places column features news of company hires and promotions, charitable efforts and product introductions. Leonard and Poelma will continue to report to Ray Lombard, Executive Vice President, Supplier Management and Business Development. "Cindy

Food 324

Food Food Supply Fast Casual Small Business 324

Restaurant365

NOVEMBER 18, 2021

Your restaurant orders, receives, and counts food all in one system: your inventory management software. Your inventory management solution measures and stores all the information you need about your food cost. After all, restaurants have historically offered same-day take home pay in the form of cash tips for front-of-house workers.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

Restaurant365

AUGUST 25, 2020

Comprehending your restaurant cash flow is essential to running your restaurant business. Cash flow refers to the amount of cash coming into your restaurant minus the amount of cash going out on a daily, weekly or monthly basis. Common factors that cause cash flow issues. Too much inventory. Unexpected expenses.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Lavu

MARCH 11, 2020

Understanding Restaurant Management Software. Among the technology offered today is restaurant management software. . If you’re in the beginning stages of looking for a restaurant management system , you might have multiple questions or concerns. Why do you need restaurant management software?

Management 78

Management Management Cash Management Mobile Ordering 78

Open for Business

OCTOBER 20, 2023

From budgeting and licensing to crafting the perfect menu, here’s everything you need to know about how to open a restaurant. Transforming the space to match your restaurant’s theme can also impact the budget, as will acquiring your first round of food, beverages, and other essentials.

License 78

License Email Marketing Front of House Social Media 78

The Restaurant Times

DECEMBER 13, 2021

The largest Food and Beverage (F&B) industry in the Middle East is in Saudi Arabia, valued at USD 45 billion. A local needs the necessary licenses, ideal location, business plan, and adequate capital to open an F&B outlet. Obtain Business And Food License. Service License. Food License.

License 10

License Email Marketing Cash Management Website Management 10

Clover - Restaurants

JUNE 20, 2024

Permits and licenses Once you’ve decided on the kind of restaurant you’d like to open in Florida, you’ll need to register your business with the Florida Department of Revenue. Opening a restaurant also requires a variety of licenses and permits before you can serve the public. But, it’s just the starter.

License 52

License Front of House Back of House POS 52

Clover - Restaurants

OCTOBER 3, 2024

Devise a business plan A well-constructed business plan can help guide you through each step of starting and managing your restaurant–and is important in securing the financing you may need to get up-and-running. While there are common permits required to open restaurants, each state has specific licenses that must be obtained.

License 52

License Small Business Dietary Restrictions Loyalty Program 52

Clover - Restaurants

MARCH 26, 2024

Thousands of food and beverage makers across the United States use cottage food laws to sell edible or potable items they’ve made in their own homes. It may or may not matter to the kitchen managers what time you use the space. Forking over that cash can be worth it if it saves you (or your team) precious time and effort.

Food Truck 52

Food Truck Cash Management Website Management Small Business 52

SpotOn

MARCH 25, 2024

Here, we'll discuss what you must consider when looking at the construction costs, equipment costs, interior design costs, and licenses and permits. Licenses and permits  Every restaurant business has a lengthy list of licenses and insurance needed to open, serve your guests, and protect your business.

License 52

License Insurance Point of Sale Equipment 52

The Restaurant Times

JANUARY 31, 2022

Investing in skilled restaurant consulting during the start-up phase of your restaurant or food & beverage enterprise will help you reach the break-even point faster. Yes, you can enrol in restaurant management classes or attend culinary school. Learn 5 things to consider before going for restaurant consulting in this article. .

Cash Management 52

Cash Management Kitchen Safety Point of Sale Hiring 52

The Restaurant Times

JANUARY 28, 2022

Choosing a competent restaurant consultant to assist you in the development of your restaurant or food & beverage enterprise is quite beneficial in terms of establishing a consistent brand image. It is still difficult to operate in this market, both for new and established businesses alike. Recruitment and Retention .

Recruiting 52

Recruiting Customer Service Hiring Seating 52

Apicbase

APRIL 20, 2022

You should be able to give potential franchisees a complete overview of their estimated expenditure, from the initial start-up investment to infrastructure, licenses, and royalty fees. We suggest focusing on your earnings before interest and taxes (EBIT) to estimate cash flow. Therefore, financial transparency is key.

Franchising 52

Franchising Franchise Cash Management Kitchen Safety 52

The Restaurant Times

OCTOBER 24, 2021

Thus, COVID-19 has accelerated the adoption of cloud kitchens in the food and beverage (F&B) industry. . It is no wonder that with one foot firmly in the food delivery business, food aggregators are aggressively moving towards cloud kitchens to cash in on the frenzy. billion by 2023. . Introduction To Cloud Kitchens .

Kitchen Safety 52

Kitchen Safety Online Ordering Mobile Ordering Food Order 52

Apicbase

MAY 18, 2022

Managing a chain of company-owned restaurants is very different from working with franchisees. The cost estimation segment describes franchisees’ estimated expenditure, from their initial start-up investment to infrastructure, licenses, and royalty fees. 3 Develop A Comprehensive Manual For Franchisees.

Franchising 52

Franchising Franchise Sustainability Document 52

Open for Business

DECEMBER 12, 2023

There are some distinct advantages to creating an LLC: all members (including you) are sheltered from liability; depending on the structure, either you have all of the authority, or all members have the right to help manage the business, and there is no limit to how many shareholders you can have in an LLC.

Back of House 78

Back of House Restaurant Law Small Business Email Marketing 78

OpenTable

JULY 8, 2022

Depending on the structure, either you have all of the authority, or all members have the right to help manage the business. The pro forma and the capital requirements budget will help determine how much working capital is needed based on when the restaurant is projected to generate positive cash flow. S Corp within an LLC.

Back of House 52

Back of House Front of House Restaurant Law Fine Dining 52

The Food Corridor

NOVEMBER 29, 2022

While pre-payment for monthly plans is a best practice for kitchen cash flow purposes, do what works best for your kitchen and clientele. You will also want to outline the types of payment methods you accept (checks, cash, credit card, automatic clearing house) and how the client can get the payment to you.

Equipment 52

Equipment Food Supply Book Kitchen Safety 52

Kounta

NOVEMBER 6, 2019

Family or Mentor support can also be a reason for success; in fact, having the right support can be a predictor for success in food and beverage businesses. Both through the purchase itself, and the need to prop-up cash flow for the first twelve months of trading. Have you managed a business before? If so, what style of food.

Bar 40

Bar Franchising Franchise Small Business 40

Modern Restaurant Management

SEPTEMBER 24, 2021

In early September, the business announced a month-long program to thank its own team members who opt for the vaccine: $100,000 in cash prizes. ” The brand will attend Anuga, the leading global trade fair for the food and beverage industry, for the first time. Nathan's Famous in France. Nathan’s Famous, Inc.

Franchising 462

Franchising Franchise Customer Experience Back of House 462

Modern Restaurant Management

JULY 27, 2020

Avoid unnecessary interactions and touching menus, credit cards, and cash. Licensed Buyers can download the app by texting APP to (844) 542-3421, directly from the app store or by visiting the LibDib website. Licensed buyers can purchase wine and spirits directly from their mobile device. Pandemic Decals.

Franchise 443

Franchise Franchising Mobile Ordering Kitchen Safety 443

Clover - Restaurants

MARCH 8, 2024

Assess your profitability and cash flow. Determine a budget for a new location, including space, state business license and permit fees, furniture, and staffing. Are there workflows you can automate, such as inventory management , within your restaurant point-of-sale system ? Review your debt and liabilities.

Small Business 52

Small Business Loyalty Program Point of Sale POS 52