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MRM Research Roundup: Mid-April 2020 Edition

Modern Restaurant Management

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the dismal March restaurant sales, security, loyalty, trends and teen consumer behaviors. Alcoholic beverages, in particular, can have an enormous impact on guest checks, especially for bar and grill and more upscale restaurants.

2020 491
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MRM Research Roundup: Mid-November 2020 Edition

Modern Restaurant Management

More than 27 percent of Americans have not used cash to pay for food, beverages, merchandise, or services since Covid-19, and 77 percent will prefer contactless payments even after the pandemic ends. The most important factor for Americans to join a brand loyalty program? " Demand for Contactless.

2020 402
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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

One of the best things to do is to find additional revenue streams to supplement your core food and beverage sales. Branded merchandise Selling branded merchandise lets you generate additional income while promoting your restaurant. Promoting your loyalty program online helps increase awareness and conversions.

2024 243
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Face Pay Network, Restaurant of the Future and The Main Course

Modern Restaurant Management

PopID accounts also tie to loyalty programs for automatic credit with every purchase. launched US Foods Ghost Kitchens, a program designed to guide restaurant operators every step of the way when opening their own operation, helping them easily add a new revenue stream. They both went through a management training program.

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2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

– Giliah Librach, Director of Merchandising Operations, ezCater As we look ahead to 2024, these technological advancements are poised to become even more ingrained in the restaurant ecosystem. The family dining chain is negotiating insurance programs for franchised restaurant groups to leverage a buying force in the marketplace.

2024 493
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Restaurant Profit Margin: 7 Ways To Actually Make Your Operation More Profitable

SpotOn

Gross profit margin subtracts only the Cost of Goods Sold (COGS) to determine the profitability of your food and beverages, while net profit margin subtracts all your costs to determine the profitability of your entire operation. Your Cost of Goods Sold are your food and beverage costs along with the cost of any merchandise you sell.

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How to Open a Coffee Shop: The Ultimate Guide

7 Shifts

A common way for coffee shops to get financed is through business loan programs. Planned marketing strategies: Will you have a loyalty program? Many coffee shops also sell pastries such as croissants, muffins, cookies, and brownies for guests to enjoy alongside their beverages. Business loan.

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