Modern Restaurant Management

JANUARY 31, 2025

“In 2025, restaurants are walking the fine line between automation and hospitality,” said Ming-Tai Huh, Head of Food & Beverage at Square. “Convenience stores have evolved from their gas-fueled beginnings to become true food and beverage destinations,” said Billy Roberts, food & beverage economist with CoBank.

Marketing 221

Marketing Loyalty Program 2025 2024 221

Modern Restaurant Management

JUNE 21, 2023

To ensure a healthy profit margin, a restaurant must manage five buckets, from the “Prime Cost” (food, beverage and labor costs) to “Overhead” (everything that is not food, beverage and labor) and Common Area Maintenance (building, taxes and insurance).

Menu 450

Menu Influencer Design Food Order 450

Modern Restaurant Management

NOVEMBER 13, 2020

Nair, a partner at Ervin Cohen & Jessup LLP compiles recent legal news affecting the restaurant, food and beverage and hospitality industries for Modern Restaurant Management (MRM) magazine. Voters in several states passed propositions that will affect the food and beverage industry. Election Results.

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2020 Restaurant Law Food Safety Food Order 474

Modern Restaurant Management

SEPTEMBER 13, 2021

These typically are all the items that fall into the section on the income statement after key COGS (food cost, beverage cost, labor cost). This will include marketing, equipment, utilities, rent and insurance. To put us all on the same page, operating costs are the day-to-day expenses incurred by all businesses.

Insurance 492

Insurance Small Business Operations Equipment 492

Modern Restaurant Management

JULY 10, 2024

After a guest thief takes what they want, the restaurant must purchase replacements and eventually report the thefts to their insurance company, which in the long run will raise their premiums, creating another drag on profitability. And yet, the diner who walks out with your logo beer mug is damaging your restaurant’s bottom line.

Back of House 491

Back of House Fine Dining Take-out Social Media 491

Modern Restaurant Management

MARCH 31, 2022

Nair, a partner at Ervin Cohen & Jessup LLP compiles recent legal news affecting the restaurant, food and beverage and hospitality industries for Modern Restaurant Management (MRM) magazine. Recent opinions in favor of insurance companies include a March 16, 2022 unpublished Ninth Circuit pane opinion in Steven Baker v. Litigation.

2022 474

2022 Restaurant Law Tip Distribution Insurance 474

Modern Restaurant Management

AUGUST 31, 2020

Nair, a partner at Ervin Cohen & Jessup LLP compiles recent legal news affecting the restaurant, food and beverage and hospitality industries for Modern Restaurant Management (MRM) magazine. Litigation. Legislation. The current recommendation is for two drinks per day for men, and one drink per day for women.

2020 410

2020 Restaurant Law Agriculture Compost 410

Harbor Touch

MARCH 18, 2025

Beverages: water, soda, liquor. Staff pay: salaries, insurance, bonuses. Insurance: property, liability. Track them in accounting software like ZipBooks , which is free: Food costs: ingredients, canned goods, spices. Kitchen gear: pots, ovens, blenders. Supplies: plates, napkins, condiments. Gifts: $25 max per employee yearly.

Point of Sale 138

Point of Sale POS Restaurant Law 2025 138

Modern Restaurant Management

SEPTEMBER 13, 2024

Protect Against Leaks Many cooling devices and beverage stations are prone to condensation or other forms of liquid leakage that can create a slip hazard. Create an Incident Report When an accident occurs, ask the customer to complete a written incident report and provide it to your insurance company immediately.

Insurance 378

Insurance Small Business Equipment Customer Service 378

Modern Restaurant Management

MARCH 30, 2023

The FICA Tip credit (FICA stands for Federal Insurance Contributions Act) is a federal income tax credit that was enacted to offer financial relief to businesses in the food service industry that has employees who receive part of their wages through tips given by customers. Your employee's total wages exceed $5.15

2007 447

2007 Beverage Insurance Government 447

7 Shifts

AUGUST 2, 2024

When hiring restaurant accountants, your primary consideration should be those who understand the complexity of the food and beverage industry—both front-of-the-house and back-of-the-house operations and management. 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 29, 2021

This is due to the fact that guests ‘self-serve’ all of their beverages freeing the servers to focus on taking food orders and giving great customer service.” Provide great benefits, 401k, life insurance, etc. “This creates a very financially rewarding job helping us to retain our long-time family of employees.”

Fast Casual 553

Fast Casual Hiring Online Ordering Front of House 553

Modern Restaurant Management

JUNE 22, 2020

Even as thousands of restaurant owners deal with the business disruptions caused by Covid-19 and the subsequent business interruption claims being filed with their insurers, they now also face a host of new potential exposures for which there are no easy, clear-cut answers. Customers one day will once again crowd their favorite restaurants.

Insurance 362

Insurance Delivery Bar Beverage 362

7 Shifts

AUGUST 7, 2024

The cost of food and beverages is a bit of a moving target. Food and beverages make up half of your prime costs (along with labor). Calculate your food cost percentage Determine what your food cost percentage target is by dividing your total food and beverage costs by your total revenue. divided by 0.30 = $9.16

Food 370

Food Seasonal Menu Inventory Pricing 370

SpotOn

FEBRUARY 26, 2025

That could simply be food sales , alcohol , and non-alcoholic beverages. If you're a fast-casual place and only offer a couple of alcoholic beverages, then "alcohol" should be enough. Cost of Goods Sold (COGS) Your Cost of Goods Sold is the cost of your food and beverages. That may be too high. Occupancy costs.

Point of Sale 88

Point of Sale License Insurance POS 88

Modern Restaurant Management

JULY 1, 2020

People who purchase hot dogs also had specific beverage preferences across alcoholic and non-alcoholic drinks. During the week of June 6-12, data from Sift , showed fraud rates in the food and beverage industry were up for a third week in a row. For those who would choose to travel, purchasing insurance is key. Fraud Rates Up.

2020 450

2020 Travel Food Safety Consumer Goods 450

Modern Restaurant Management

MARCH 16, 2020

will present a free webinar in conjunction with The Food and Beverage Shows titled, "Restaurant Preparation to Minimize COVID-19 Disease Risk and What You Need to Do Now." Global insurance brokerage Hub International , is responding tonumerous inquiries asking for more guidance through the Coronavirus crisis.

Food Safety 585

Food Safety Kitchen Safety Small Business Employee Relations 585

7 Shifts

JULY 5, 2024

Metric Description Calculation Example Revenue Total income from food, beverages, and other sources Helps identify which parts of your restaurant are most profitable Improves restaurant revenue management The sum of all sales for each product and income source $80,000 (Food Sales) + $30,000 (Beverage Sales) + $10,000 (Other Income) Monthly Revenue (..)

Cash Management 243

Cash Management Inventory Seasonal Menu Beverage 243

SpotOn

JANUARY 13, 2025

This will be helpful for filing insurance claims and applying for state or federal aid programs as they become available.  💡 If you use SpotOn Order, learn how to disable online ordering with SpotOn Knowledge Base. Document everything If your physical location has been damaged by wildfires, document everything.

Online Ordering 98

Online Ordering Document Email Marketing Back of House 98

Modern Restaurant Management

DECEMBER 31, 2024

Workers now place greater value on scheduling flexibility than on traditional benefits like paid time off and health insurance, with 46 percent ranking it as the most important benefit, compared to 44 percent for paid time off and 34 percent for health insurance.

Franchising 221

Franchising Franchise 2024 Mobile Ordering 221

Modern Restaurant Management

AUGUST 5, 2020

The bites will also be served with the option of twelve different dips, along with regular or sweet potato Tyga Tots, chocolate chip cookies, and beverages. ” Ervin Cohen & Jessup Launches Food, Beverage and Hospitality Practice. Selvin (insurance and business interruption) and Elliot N. Minnow Secures Funding.

Food Safety 527

Food Safety Mobile Ordering Online Ordering Kitchen Safety 527

7 Shifts

AUGUST 18, 2024

Your restaurant is different so ensure you find your ideal food cost (discussed later) Labor cost : Roughly 30% of revenue including management salaries of 10% Insurance varies by provider and type. Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums.

License 370

License Equipment POS Food Supply 370

7 Shifts

MAY 23, 2024

This includes: Net Sales: The total revenue derived from your sale of food and beverages. You can also use this to keep track of other costs, such as insurance, license fees, repairs and maintenance, and the actual costs you incurred for a better and closer comparison.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Cash Management 221

7 Shifts

OCTOBER 8, 2021

There are dozens of costs associated with running a restaurant, and many of them remain out of your direct control: rent, utilities, insurance—etc. Cost of goods sold is the raw material cost of your beverages and food, and labor cost is made up of payroll, employee benefits, taxes, and bonuses. Table of Contents. Labor and Payroll.

Seasonal Menu 195

Seasonal Menu Consumer Goods Food Supply Inventory 195

The Rail

NOVEMBER 11, 2022

There’s a variety of ways to divide the shares and responsibilities, but be sure the collaborator has the necessary permits and insurance before proceeding. Collaborating offers patrons something new and exciting and can get new people in who enjoy the collaborator's offerings.

Social Media 264

Social Media Events Online Ordering Consumer Goods 264

ChowNow

MARCH 26, 2021

Online orders for food and beverage grew an incredible 93 percent between 2019 and 2020. Forter notes that instances of fraud in food and beverage dropped by 55%, relative to overall sales. This means that GloriaFood doesn’t actually handle payments on your behalf, so they can’t assist with chargeback disputes or provide any insurance.

Operations 221

Operations Online Ordering Food Safety Mobile Ordering 221

7 Shifts

MAY 1, 2024

For instance, you can record your food and beverage sales separately. Your aim is to keep your labor + food + beverage expenses at approximately 60% to 65% of the total sales. This includes the ingredients you use, labor, and other expenses that can be directly attributed to the production of food and beverages.

Cash Management 221

Cash Management Inventory Employee Relations Beverage 221

Restaurant365

JANUARY 5, 2021

The Act also redefines payroll costs to specifically include group insurance payments made on group life, disability, vision and dental insurance. Enables PPP borrowers to include additional group insurance payments when calculating PPP payroll costs. PPP improvements relevant to restaurant businesses.

Insurance 148

Insurance Small Business Employee Relations 2021 148

The Restaurant Times

SEPTEMBER 19, 2021

Time has never been better to open your food truck, and the most critical business step is investing in insurance. However, if you don’t have the correct insurance, your food truck might cost you thousands of dollars or perhaps your business in jeopardy in time of a mishap. . Food Truck Insurance Cost . Kind of Insurance.

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Food Truck Insurance Food Transportation 52

ChowNow

AUGUST 26, 2021

Online orders for food and beverage grew an incredible 93 percent between 2019 and 2020. Forter notes that instances of fraud in food and beverage dropped by 55%, relative to overall sales. This means that GloriaFood doesn’t actually handle payments on your behalf, so they can’t assist with chargeback disputes or provide any insurance.

Operations 195

Operations Online Ordering Food Safety Mobile Ordering 195

7 Shifts

MAY 2, 2023

How can we maybe in the food cost and in our beverage offerings and things like that make up a little bit so that we can offer both eliminating sub-minimum wage pay and also having more benefits across the board? I mean, they have access to all different kinds of insurance like health insurance, which we contribute to.

Front of House 195

Front of House Back of House Insurance Seasonal Menu 195

EATER

AUGUST 16, 2023

My career in the beverage industry had an extremely auspicious start. In January of 2020, I flew to Los Angeles to host a launch luncheon for a dozen key journalists and beverage professionals. In 2008 I began bartending at Please Don’t Tell. Meanwhile, online sales were modest, supported by a handful of high-profile media mentions.

Point of Sale 246

Point of Sale Front of House Back of House Online Ordering 246

Restaurant365

MAY 26, 2020

For a restaurant, this includes your food and beverage ingredients, as well as other supplies like napkins, coffee filters, etc. Your labor cost includes labor expenses such as wages for both salaried and hourly employees, payroll taxes, health or workers compensation insurance, and any benefits you offer. CoGS (Cost of Goods Sold).

Point of Sale 148

Point of Sale Employee Relations Inventory Insurance 148

Restaurant365

FEBRUARY 25, 2020

Cost of goods sold (CoGS) refers to the total cost of the inventory used to create food and beverage items during a specific period of time. For restaurant expenses, restaurant owners focus on three primary key metrics: Cost of Goods. Increasing your Restaurant Profit Margin.

Loyalty Program 183

Loyalty Program Point of Sale Fast Casual Online Ordering 183

Cheetah

MAY 17, 2021

billion dollar COVID-19 RRF to small food and beverage businesses. All food & beverage businesses for whom at least one third of their income is from onsite sales are eligible to apply. In the case of the Restaurant Revitalization Fund, this means offering management tools and allocating financial support from the $28.6

Webinar 143

Webinar Point of Sale Small Business Food Truck 143

Open for Business

DECEMBER 12, 2023

OpenTable is proud to announce a new partnership with Ben’s Friends, a nationwide food and beverage industry support group offering community, hope, and a path forward to those who struggle with substance abuse and addiction. Access to these benefits will put employees on healthy pathways from day one – and help them stay there.

Hospitality 158

Hospitality Insurance Back of House Beverage 158

7 Shifts

JUNE 4, 2021

Food and beverage is one of the largest expenses next to payroll in the restaurant industry. To get your restaurant's break-even point, you'll need the following: Total fixed costs, like rent, salaries, and insurance. Food Cost Percentage. What is food cost percentage? Why is food cost important? How to calculate your break-even point.

Point of Sale 416

Point of Sale Inventory Employee Relations Customer Service 416