Modern Restaurant Management

MAY 13, 2024

Ordering Preferences Are Changing Food and beverages aren’t the only thing on diners’ minds when they place a restaurant order. Through geofencing, the apps can tell when a customer is close, alerting restaurant teams to have the order ready in time – neither too early nor too late.

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Pricing Loyalty Program Mobile Ordering Customer Service 493

The Rail

JANUARY 13, 2023

By Julia Nikolaus, Contributor As a restaurateur or manager, you know just how competitive the non-alcoholic beverage market can be. Restaurants need to recognize that non-alcoholic beverages require their own specific marketing strategies if they want an edge over the competition. 1 - Use Unique Brand-Focused Materials.

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Beverage Marketing Customer Experience Point of Sale 290

Modern Restaurant Management

JULY 31, 2024

" When it comes to pricing, the team at Margin Edge reports that operators and consumers should prepare to spend a bit more on items made with pumpkin puree. Regionally: The Midwest saw a 29 percent increase in the price of canned pumpkin from $8.09 percent increase in the price of canned pumpkin from $9.01 in June 2024.

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Seasonal Menu Point of Sale Email Marketing 2024 474

Modern Restaurant Management

DECEMBER 17, 2024

It’s similar to the rise in non-alcoholic beverages—people still want the taste of a great beer but may prefer one with low or no alcohol. Thus, finding the right balance between maintaining high quality and keeping prices reasonable is crucial.

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2025 Loyalty Program Customer Experience Online Ordering 419

Modern Restaurant Management

AUGUST 2, 2024

As a result, they are making hard decisions to adjust prices and make menu changes. ” Influencer Content = Recipe for Success Matter Communications revealed findings from its 2024 Food & Beverage Trends survey. LTO Impact A new Placer.ai percent more visits than the year-to-date Tuesday average.”

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Influencer Pricing 2024 Social Media 251

Restaurant Business

MAY 7, 2024

That was too fast to be explained by consumer reaction over the prices of its beverages. The Bottom Line: The coffee shop chain lost momentum quickly in November.

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Social Media Pricing Beverage 312

Modern Restaurant Management

AUGUST 10, 2021

The food and beverage industry is on a hiring frenzy. A recent study by The Bureau of Labor Statistics revealed that, despite regular hiring since this spring, the food and beverage industry still remains 1.5 It is worth noting that, even before the onset of Covid-19, the food and beverage industry was experiencing a shortage in labor.

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Ordering Recruiting Food Order Employee Relations 592

Modern Restaurant Management

AUGUST 19, 2020

Knowing that beverages offer the longest shelf life and highest margin, BevAlc is taking center stage for restaurants owners. For BevAlc buyers, price point as a function of quality, although always important, will become crucial over the coming months and years. The first important factor is margin.

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Cash Management Point of Sale Consumer Goods Small Business 572

Modern Restaurant Management

FEBRUARY 17, 2025

Operators would see increased prices in their supply chain, resulting in rising costs to their guests as well. Restaurants are responding with creative menu innovations, offering smaller portions, bundled meal deals, and "value bites" menus to provide premium experiences at reasonable prices.

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Loyalty Program Mobile Ordering Customer Experience Customer Service 221

Modern Restaurant Management

MAY 9, 2022

Pricing strategies. Consider item-level pricing strategies rather than across-the-board price increases. By increasing in small increments over an extended period, operators can manage price sensitivity. Watch percentages of alcoholic beverages, appetizers and desserts sold by transaction.

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2022 2021 Loyalty Program Point of Sale 473

ChowNow

OCTOBER 31, 2024

But with the stakes so high, you can’t afford to lose out on better pricing or better terms. Benchmark Your Prices: Compare the prices you’re currently paying with industry standards. Negotiate Beyond Price: Don’t just focus on price. Are your costs aligned with what others are paying?

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Pricing Delivery Beverage Dine-in 221

Modern Restaurant Management

OCTOBER 9, 2024

He has 18 years of experience in the food and beverage industry and holds a M.S. And with the price gap between LSRs and FSRs shrinking, operators have to adapt," Martinez said. "Thirty-nine Not only is a lower price point important but consumers want to feel like they are getting a good bang for their buck, too. . "Think

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Seasonal Menu Consumer Goods Social Media Customer Experience 450

Modern Restaurant Management

SEPTEMBER 27, 2021

Six major themes are expected to drive restaurant operator profitability and beverage attachment post-COVID, according to the Coca-Cola 2021 Fountain Foodservice Beverage Strategy Survey. trust in fountain beverages. Post-COVID, guests will still be more likely to order fountain beverages than bottled beverages.

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Food Safety Consumer Goods Beverage Mobile Ordering 472

EATER

NOVEMBER 26, 2024

Matcha’s growing global popularity as a casually drunk beverage, as opposed to something ceremonial, has also “come back full circle into Japan” and driven an uptick in domestic interest, Mangan says.

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Point of Sale Food Supply 2001 Fast Casual 306

Modern Restaurant Management

SEPTEMBER 20, 2021

Typically, the income statements I review show only gross income as “food and beverage sales.” ” To use the income statement as a weapon against unprofitability, the income statement must separate food, beer, liquor, wine, non-alcohol beverages, retail, etc. The COGS must be set up the same way.

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Beverage Pricing Food Order Retail 447

Modern Restaurant Management

AUGUST 24, 2020

city to pass a Beverage Tax in 2016, local operators have overcome the challenges of other taxes that have in many cases had greater impact. The Beverage Tax has been in effect for three and a half years, withstanding legal challenges, continued opposition by the beverage industry. Strategies to Minimize the Impact.

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Beverage Outdoor Point of Sale Government 415

7 Shifts

AUGUST 7, 2024

The cost of food and beverages is a bit of a moving target. It is affected by seasonality, market prices, and even pop culture. Food and beverages make up half of your prime costs (along with labor). Determine your ideal menu price Multiply your plate cost by the food cost percentage to reach a target menu price.

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Food Seasonal Menu Inventory Pricing 370

Modern Restaurant Management

SEPTEMBER 17, 2022

In addition, bartenders are mixing sparkling wine of all styles and prices into their cocktails to add effervescence, crispness or sweetness to the experience. There is also a growing trend in wines priced to sell with good value in either BTG or by-the-bottle formats to drive more orders and not just high margins.

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Guest Recovery Consumer Goods Hotels Beverage 474

Modern Restaurant Management

FEBRUARY 11, 2021

The company discovered that bad actors are advertising their services on Telegram forums in order to purchase food and beverage orders at a reduced price, using stolen payment information on behalf of customers. Then, using these stolen payment methods, fraudsters are able to market their services in Telegram forums.

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Delivery Food Safety Online Ordering Food Supply 474

Modern Restaurant Management

AUGUST 18, 2020

According to the Outdoor Advertising Association of America (OAAA), the average vehicle driven 15,000 miles per year will pass in front of nine million other vehicles – a marketing opportunity for food and beverage business owners with mobile operations. ’ Just having this van parked out front drove that sale.”

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Marketing Front of House Back of House Food Truck 493

Modern Restaurant Management

JANUARY 25, 2022

Prices for raw products were consistent, and while there were fluctuations, it was nothing like today. Beverage costs will decrease significantly once liquor is secured, and rotating food products properly is a health and safety issue. In other words, go for the same effect, but at a much lower price. Recommendation : DO IT!

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2022 Webinar Food Safety Food Order 474

Modern Restaurant Management

OCTOBER 18, 2021

We saw “homegating” become a trend in 2020 and have concluded that because of the innovations being introduced in the space, it will continue for years to come as consumers are now accustomed to enjoying direct-to-consumer food and beverage options. In fact, The Distilled Spirits Council reported that U.S. sales rose 7.7

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Loyalty Program Online Ordering Mobile Ordering Beverage 493

Modern Restaurant Management

NOVEMBER 11, 2021

The goal for every food and beverage company is to synchronize supply and demand. Your supply chain is a good place to look for a leg-up on price, product, and consumer trust. To do so, restaurants need to be mindful of these key elements of successful supply chain management. Planning and Forecasting.

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Supplies Management Management Food Supply 546

Modern Restaurant Management

SEPTEMBER 22, 2021

Food and Beverage Inventory and Paper Supplies. Similar to your payroll expenses, your food and beverage expenses are going to vary depending on the type of restaurant you run. In general, overhead expenses related to food and beverages should be between 35 and 40 percent of your total revenue.

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License Employee Relations Equipment Food Supply 445

Culinary Cues

FEBRUARY 5, 2025

Customers are becoming more discerning about value and anxious about the price of a meal (from quick service to fine dining). Well, at least operators should be able to rely on alcoholic beverage sales to make up the difference but waitthere is a trend among the 21-35 demographic to live alcohol free and the movement is gaining traction.

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Fine Dining Food Supply Customer Service Recruiting 226

Modern Restaurant Management

MARCH 22, 2021

Prior to COVID-19, many restaurant owners were challenged by food, beverage and labor costs. That may mean that you need to adjust portion sizes or raise prices. A cocktail server comes to the table to take and deliver beverage orders. When you cut down on your menu, you made a smart decision. Don’t rush to go back.

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Front of House Back of House Customer Service Beverage 493

Modern Restaurant Management

MAY 19, 2022

The prices of goods and services have increased 8.5 Rebounding demand, supply chain issues, and labor shortages are mostly to blame for driving prices to an all-time high. It requires a careful examination of your recipes, your team’s prep efficiency, and menu item prices. Take Advantage of QR Codes.

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Food Supply Waste Point of Sale Inventory 469

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.

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Point of Sale Inventory Seasonal Menu Cash Management 397

Modern Restaurant Management

DECEMBER 21, 2022

– Chris Adams, VP of Strategy, Oracle Food and Beverage. "As From the increasing demand for low-to-no ABV draft options to the motivation behind rising consumer expectations, these trends have the power to impact the financial performance of the beverage program.

2023 419

2023 Loyalty Program Fast Casual Customer Experience 419

Modern Restaurant Management

JULY 10, 2024

Among the reasons restaurants fail (poor location, inadequate marketing, lack of staff and inventory control, uninspired menu, unreasonable pricing), customer theft is rarely on the radar. ” Some restaurateurs consider this the price of doing business – even a form of marketing.

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Back of House Fine Dining Take-out Social Media 491

Restaurant Business

JUNE 3, 2024

According to Datassential’s Buzz 2024 report, the leading factors attracting customers out of the home for coffee occasions are convenience, quality and price. When more of the beverage production process is automated, operators can feel confident that each step of the process will be executed the same way for each and every beverage.

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Supplies Beverage 2024 Customer Experience 277

Modern Restaurant Management

FEBRUARY 14, 2024

Food prices skyrocketed, beer and alcohol prices went up and containing costs has been like trying to catch a tiger by the tail. This fee is a perfect example of raising the menu price rather than having the guest see this on their check. This simple changed the outlook for many operators from loss to profit.

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Reservations Fine Dining Pricing 2024 474

Modern Restaurant Management

FEBRUARY 27, 2023

Hold Vendors Accountable to Contract Pricing As restaurant owners receive vendor invoices, they should use a system that can track purchased item costs to discover any contract violations. Reviewing these numbers frequently can help to hold vendors accountable to the prices they are quoting.

Cash Management 474

Cash Management Point of Sale Inventory Email Marketing 474

Modern Restaurant Management

DECEMBER 20, 2022

Increasing menu pricing has helped to offset costs and so far, has continued to attract customers since grocery prices are outpacing the increases in restaurant tickets for dining out." The second is pricing. Menu prices have consistently risen since 2021. In June 2022, average price increase spiked from 10.7

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2022 Food Supply Point of Sale Dietary Restrictions 493

Modern Restaurant Management

JULY 21, 2022

Come June, the Labor Department's Consumer Price Index saw that annual rate climb even further to 9.1 Consumers see a drop in gas prices , bringing them back to drive-thrus. percent compared to Q2 2021, with average net price up 10.8 In May 2022, the annual rate was 8.6 The good news? In Q2 2022, average check increased 7.2

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2022 2005 Consumer Goods Fast Casual 447

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.” ” One way to do so: increase menu prices. “This creates a very financially rewarding job helping us to retain our long-time family of employees.”

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Fast Casual Hiring Online Ordering Front of House 553

Modern Restaurant Management

JANUARY 14, 2021

Due to higher demand for off-premises dining, suppliers of disposable products have reported supply chain issues and have even run out of inventory –resulting in increased costs and price fluctuations. Instead of single-serve beverages, imagine selling mojitos by the gallon? Unfortunately, with tight supply comes higher prices.

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Management Management Food Supply Customer Experience 414