Modern Restaurant Management

AUGUST 10, 2021

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. When it comes to managing medical plan costs for restaurant employers, aggressive management of prescription drug expenditures can yield significant savings. Understand Your Costs.

Management 450

Management Management Cash Management Healthcare 450

Modern Restaurant Management

JULY 23, 2020

Consumers of all ages will increasingly use them to avoid handling credit cards or cash – and combat coronavirus as well as other germs. First investigated by NASA in 2006, experts have since been documenting safety protocols and developing food applications for this technology. Automation Is Becoming More Pervasive.

Technology 517

Technology Kitchen Safety Food Safety Online Ordering 517

7 Shifts

MARCH 31, 2021

It’s also a vital document that helps businesses qualify for better loans. In general, lenders will want to see at least five years' worth of cash flow projections. From there, they will help you work through the numbers and provide an estimation of your future cash flow. Dedicate a section to show off your management team.

Cash Management 370

Cash Management Customer Experience Document Small Business 370

Modern Restaurant Management

FEBRUARY 4, 2021

We’ve all worked for or with organizations whose most important programs could be best described as organized chaos, with a collection of PDFs, spreadsheets, videos, Google Drive documents, and digital operations manuals spread across shared drive folders and intranets.

Franchise 508

Franchise Franchising Leadership Cash Management 508

7 Shifts

OCTOBER 31, 2022

You'll have a document to reference during the planning or opening of your restaurant. A restaurant business plan is a document that outlines the various aspects of your restaurant business. The management team. Management team. You may want to list out: Team Management. Inventory management systems.

Point of Sale 397

Point of Sale Back of House Document Download 397

7 Shifts

SEPTEMBER 19, 2024

Solution: Team management software that handles scheduling, time clocking, and payroll in one place. That's why they were excited when 7shifts, their team management software, added payroll to the platform. Now, when managers confirm the timecards are accurate, Tiffany just clicks 'Submit payroll'.

Cash Management 370

Cash Management POS Customer Experience Food Truck 370

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

Modern Restaurant Management

OCTOBER 19, 2023

But it’s not just newbies to franchising – or restaurant franchises themselves, for that matter – that need to stay on top of the management intricacies that characterize the business. Just as challenging is keeping on top of federally mandated franchise disclosures contained in the Franchise Disclosure Documents (FDD).

Insurance 251

Insurance Franchise Franchising Document 251

Modern Restaurant Management

MARCH 11, 2020

US Foods Holding Corp.entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. NYSE: APO) (the “Apollo Funds”) for $970 million in cash.

Bar 386

Bar Cash Management Loyalty Program Point of Sale 386

Modern Restaurant Management

MAY 15, 2020

Employers need to ensure that they have legitimate, business-related reasons for asking certain employees to come back while leaving others laid off or on furlough, and they should clearly document those reasons to ensure consistency. PPE guidelines vary by jurisdiction, so employers should review state and local requirements carefully.

Employee Relations 465

Employee Relations Restaurant Law Document Equipment 465

Modern Restaurant Management

SEPTEMBER 23, 2020

That includes any previous liquidity steps taken and your management of any government assistance you received. The more institutional the landlord, the tougher negotiations become, as they often demand lots of documentation before granting relief. They’re more likely to be flexible with you.

Customer Service 455

Customer Service Small Business Cash Management Communication 455

Modern Restaurant Management

JANUARY 16, 2024

Rember that while operations may be covered by your bench, any would-be replacement may also need coaching or specific training to get them ready for all the management aspects of their role. Financial Preparedness Take a hard look at your financial picture and cash position if you were out of the picture tomorrow.

2030 450

2030 Franchise Franchising Employee Relations 450

Modern Restaurant Management

JULY 7, 2020

Our team is thrilled to partner with BurgerFi’s senior management to support the numerous growth initiatives underway and to drive operational excellence.” million newly issued shares of the Company and $30 million in cash. Adam Marcus, Managing Director at PSG.? ’s stock price performance.

Mobile Ordering 481

Mobile Ordering Restaurant Law Seating Customer Service 481

7 Shifts

JULY 13, 2023

Restaurant transactions have been moving away from cash and towards electronic forms of payment for years—and that's extending to tips now too. Americans who leave their tips digitally tip nearly 15% more than when they tip with cash. However, more digital tips means less cash passing through the restaurant on a daily basis.

Cash Management 195

Cash Management Back of House Training Management 195

Lavu

NOVEMBER 29, 2024

Managing payroll manually in restaurants is time-consuming and error-prone. How to Start : Choose software with features like POS integration, tip management, and compliance tools. From front-of-house staff to kitchen teams, managing payroll requires precision, flexibility, and real-time solutions.

Tip Distribution 78

Tip Distribution Restaurant Law Employee Relations Cash Management 78

7 Shifts

AUGUST 18, 2024

But the challenges don’t stop there—once open you have to focus on improving processes, managing labor schedules, and controlling restaurant costs. Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. This is only a guideline.

License 370

License Equipment POS Food Supply 370

7 Shifts

SEPTEMBER 16, 2024

The goal is to determine the total amount of cash flow that will be available to the new owner after accounting for these types of expenses. Profitability Showing consistent profits and positive cash flow can increase the perceived value of your restaurant.

2024 195

2024 Document Point of Sale Cash Management 195

7 Shifts

JULY 20, 2024

Components of a restaurant’s financial report The food and beverage sales report, prime costs report, inventory report, profit and loss (P&L) statement, and cash flow statement are all critical components of a restaurant's financial management. Labor costs can quickly eat into your profits if not managed carefully.

2024 221

2024 Cash Management Inventory Waste 221

Modern Restaurant Management

APRIL 14, 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. The National Restaurant Association-managed site also provides a direct connection to the industry’s grassroots engagement platform.

Online Ordering 530

Online Ordering Back of House Customer Service Small Business 530

7 Shifts

NOVEMBER 12, 2020

In order for new hires to perform well and stay happy in their roles, hiring managers need to pay more attention to the restaurant onboarding process. What documentation to give out and collect during onboarding. Trainees can ask their buddies questions that they may not want to go to their managers for. Measure twice, cut once.

FOH 307

FOH Food Safety BOH Customer Service 307

7 Shifts

AUGUST 18, 2024

This document will outline your bar's concept, menu, marketing strategy, and financial projections. Specialty bars focus on a particular type of drink or theme, such as wine bars or cigar bars, but can be much more expensive to manage. Hiring a Strong Team You'll need a manager, bartenders, waiters, and security.

Bar 370

Bar License Email Marketing Customer Service 370

7 Shifts

AUGUST 23, 2023

I'm excited to introduce Tip Payouts , an easy-to-use tip payment solution that empowers restaurant managers to send tips directly to employees' bank accounts in seconds. Our tip management journey started back in September 2021 with the release of our Tip Pooling feature, which covered the calculation portion of the process.

Tip Distribution 195

Tip Distribution Cash Management Restaurant Law Insurance 195

7 Shifts

APRIL 30, 2021

Food, alcohol, and cash are common victims of theft—but business owners have to look beyond physical goods. By understanding the ways it can occur, business owners or managers have a much higher chance of identifying it before it racks up a hefty bill. Give your managers top-level visibility. How to spot it: Types of time theft.

Restaurant Law 370

Restaurant Law White Paper Cash Management Small Business 370

7 Shifts

JANUARY 5, 2024

New York also allows employers to claim a tip credit , reducing the cash wage requirement by one-third of the minimum wage. As the minimum wage continues to rise in New York State, the cash wage is likely to rise proportionally at two-thirds the full minimum wage. However, its tip credit is actually lower than New Jersey’s.

Restaurant Law 195

Restaurant Law Cash Management Tip Distribution Employee Relations 195

7 Shifts

JANUARY 5, 2024

New York also allows employers to claim a tip credit , reducing the cash wage requirement by one-third of the minimum wage. As the minimum wage continues to rise in New York State, the cash wage is likely to rise proportionally at two-thirds the full minimum wage. However, its tip credit is actually lower than New Jersey’s.

Restaurant Law 195

Restaurant Law Cash Management Tip Distribution Employee Relations 195

Xtra Chef

DECEMBER 30, 2020

Here are some of the actions, accomplishments and highlights of the past year… We introduced Recipe Management – a recipe for restaurant profitability. In January 2020, we launched our Recipe Management feature, giving our customers the ability to calculate plate costs easily, accurately and dynamically.

2020 151

2020 Cash Management Point of Sale 2021 151

EATER

DECEMBER 8, 2023

The company, well aware of the intense affection its specialty bottles have generated ever since, has fully cashed in on collectors’ enthusiasm. and Pei recently documented the affection he inherited for the brand to win the brand’s Love Unbottled contest. So save your bottles; they could be worth a pretty penny in the near future.

Design 345

Design Food Supply 2001 Employee Relations 345

7 Shifts

MAY 15, 2023

Restaurant payroll is a system for calculating and managing the salaries of employees in a restaurant. Employers need to track hours, calculate wages, manage shift schedules , and maintain employee records. This schedule can be difficult to run manually for managers with more than a handful of employees.

2023 195

2023 Tip Distribution Audits Restaurant Law 195

7 Shifts

OCTOBER 20, 2022

Specifically, The DOL applied the updates to the amendments that occurred in 2018 in section 3(m) and other sections in the Fair Labor Standards Act: First, employers, supervisors, and managers cannot keep employee tips under any circumstances, even in a tip pool. Managers that have the authority to fire employees cannot be included.

Tip Distribution 195

Tip Distribution Restaurant Law 2023 Cash Management 195

EATER

AUGUST 17, 2020

So they don’t want to change what’s on the agreement, but they’re willing to take a cash payment of something and then combined with something else. And for the most part, the hotel deals, the person running the food and beverage gets paid a fee, a management fee, that’s based upon sales. DG : Oh, interesting.

Hotels 322

Hotels Take-out Beverage Point of Sale 322

7 Shifts

SEPTEMBER 9, 2019

Charging Your Restaurant Employees Restaurateurs in New York cannot charge employees for “breakages, cash shortages, fines, losses to the business, [or] charges for check replacement.” which does not make it easy for managers to dismiss employees in bulk, since that’s when the lunch rush is). Tip Credit. and 2:00 p.m.

Restaurant Law 283

Restaurant Law Cash Management Article Uniforms 283

Restaurant365

DECEMBER 11, 2020

As 2021 begins, there are many restaurant management best practices that can be applied to strengthen your business, in the short and long term. Manage cash flow by creating a cash flow forecast. Your total cash flow is your cash inflows (for restaurant. over a certain period of time.

2021 136

2021 Cash Management Management Management 136

Modern Restaurant Management

AUGUST 3, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the state of flavor, COVID-19 restaurant operations, public acceptance of delivery charges, the best of the best and the most allergy-friendly restaurant chains. DoorDash Deep Dish. Brand values matter to consumers.

2020 487

2020 Franchise Franchising Food Order 487

Modern Restaurant Management

JULY 15, 2020

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features Grubhub's State of the Plate 2020 trend report, the fragility of "open," di g ital resilience and brand intimacy. China is by far the mobile payments leader with over half of consumers preferring mobile payment over cards and cash.

2020 487

2020 Mobile Ordering Point of Sale Food Supply 487

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

Modern Restaurant Management

DECEMBER 27, 2019

” Through the integration, Appetize consolidates all ordering and feeds transaction data in real-time into Restaurant365, to integrate with back office functions like accounting, staff management, reporting, and analysis. .” million of cash, subject to purchase price adjustments, $27.0 ParTech Completes Acquisition.

Mobile Ordering 309

Mobile Ordering Customer Service Point of Sale Customer Experience 309

Hot Schedules

MARCH 27, 2020

This money will provide cash assistance to tipped restaurant workers, delivery drivers, personal service workers, and others affected by the pandemic and the economic downturn. . Documentation is required. Managing Inventory in the Days of COVID-19. Managing inventory these days can be a real challenge. Related Posts.

Employee Relations 148

Employee Relations Cash Management Beverage Restaurant Law 148