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

JULY 21, 2020

From small business loans to microgrants to business credit cards, cash is available; it just takes a bit of application work and a little know-how. PPP Loans The Paycheck Protection Program seeks to protect jobs and cover other employee-related expenses by offering small businesses SBA loan amounts up to 2.5

Cash Management 300

Cash Management Government Small Business Healthcare 300

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. Payroll automation saves time, reduces costs, and boosts employee satisfaction, making it a must-have for any restaurant.

Tip Distribution 78

Tip Distribution Restaurant Law Employee Relations Cash Management 78

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

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

Modern Restaurant Management

SEPTEMBER 15, 2021

In a survey of 4,079 small business owners conducted from 8/15 to 9/13/21, 66 percent reported having a "very difficult" time finding the right employees to fill open roles, many of which are necessary to help them drive revenue and rebound. In July, 47 percent couldn't hire enough employees. Dining Trends in Canada.

2021 447

2021 Retail Loyalty Program Online Ordering 447

7 Shifts

JANUARY 5, 2024

Tips belong to the employee, not the employer, and employers can’t take any part of employee tips, with one exception: employers can take a percentage of tips for a valid tip pool. New York also allows employers to claim a tip credit , reducing the cash wage requirement by one-third of the minimum wage.

Restaurant Law 195

Restaurant Law Cash Management Tip Distribution Employee Relations 195

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. production plant. “If Collectors also seek out beauty,” Ketcham continues.

Design 345

Design Food Supply 2001 Employee Relations 345

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

7 Shifts

JANUARY 5, 2024

Table of Contents The basics of tip laws in New York What is minimum wage for tipped employees in New York? Tips belong to the employee, not the employer, and employers can’t take any part of employee tips, with one exception: employers can take a percentage of tips for a valid tip pool.

Restaurant Law 195

Restaurant Law Cash Management Tip Distribution Employee Relations 195

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. Financial Trends Insights. Using data collected between February 1 through May 1, 2020 from five U.S.

2020 487

2020 Mobile Ordering Point of Sale Food Supply 487

Restaurant365

NOVEMBER 18, 2021

From hiring and onboarding to running employee payments and paying taxes, payroll touches on many different parts of a restaurant business. Your restaurant orders, receives, and counts food all in one system: your inventory management software. Tracking labor and payroll data for restaurant employees.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

7 Shifts

JULY 1, 2024

From choosing a concept and securing the necessary documentation to hosting your grand opening, we've outlined the complete process of opening a bar. This is because corporations require lots of documentation to be filed and have stakeholders, which isn’t something you want to go through as a first-time bar owner.

Bar 221

Bar License Food Supply Restaurant Law 221

Hot Schedules

MARCH 27, 2020

Relief Funds Raising Money to Help Restaurant Employees. Nonprofit organizations across the country are accepting donations to support restaurant employees impact by Coronavirus (COVID-19). CORE: Children of Restaurant Employees. If you are a food or beverage service employee who has been diagnosed with COVID-19, apply here.

Employee Relations 148

Employee Relations Cash Management Beverage Restaurant Law 148

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

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

Xtra Chef

DECEMBER 11, 2019

Whether you are an executive chef, a seasoned restaurant finance executive, or an owner/operator who manages your own books, speaking the language of restaurant accounting will help keep all financial stakeholders on the same page. In Part 2, we’ll help you decide how best to manage accounting at your restaurant. Accounts Payable (i.e.

Cash Management 90

Cash Management Point of Sale Tip Distribution Inventory 90

The Restaurant Times

SEPTEMBER 5, 2020

The Covid-19 pandemic has clearly indicated that crisis management requires drastic changes in how the restaurant industry operates. The guiding principle behind future restaurant crisis management should be the safety and security of your business, employees, and customers. Forecast The Current Trends.

Management 90

Management Management Cash Management Employee Relations 90

Lavu

DECEMBER 20, 2019

Labor costs include salaried employees, hourly wages, benefits, taxes and tips. In Washington, for example, employers must pay employees a minimum of $12 per hour as of April 2019. requires that employees receive a minimum wage of $15 per hour, which is twice the national minimum. Tipped Employees. tipped employees.

Cash Management 78

Cash Management Point of Sale Employee Relations Inventory 78

Lavu

NOVEMBER 8, 2019

As the owner or manager of a restaurant, when you’re aiming to grow profitability, accounting is an area where you need to be comfortable. It might be considered the most dreaded part of running your business, but to be profitable and to manage the money, there’s no way it can be avoided. Unavoidable Restaurant Expenses.

Management 101

Management Management Food Truck Cash Management 101

Lavu

JANUARY 21, 2020

This includes communication of financial statements like income statements, balance sheets, and cash flow. The process allows restaurant owners and managers to document all financial transactions of the business and determine how well it is performing. Better Financial Management. Better Tracking of Cash Flows.

Cash Management 78

Cash Management Point of Sale Inventory Information 78

Bar and Restaurant Coach

MARCH 2, 2020

In earlier posts, here and here , we talked about the importance of effective communication, and how owners and managers can create great alignment within their businesses to make sure the whole team is on the same page—pushing for the same goals. When it’s time to cut an employee loose – you just cut ‘em loose. Simple, right?

Coaching 75

Coaching Employee Relations Hiring Document 75

Buzztime Business

FEBRUARY 3, 2021

NYSE American: NTN), today announced that its registration statement on Form S-4 relating to the proposed merger involving NTN and Brooklyn ImmunoTherapeutics LLC (“Brooklyn”) and the proposed sale of NTN’s assets to eGames.com Holdings LLC (“eGames.com”) has been declared effective by the Securities and Exchange Commission. CARLSBAD, Calif.,

Specials 60

Specials Cash Management Point of Sale Employee Relations 60

Restaurant Clicks

SEPTEMBER 18, 2020

By managing to successfully run a food truck, you cut a lot of maintenance, utility, and wage expenses that come with owning a restaurant. Employee Verification Number (EIN). Food Handlers/Employee Health Permit. Most of these are necessary for all food-related businesses, but for some it depends on which state you live in.

Food Truck 88

Food Truck Food License Social Media 88

Sling

FEBRUARY 24, 2020

In this article, the workforce-management experts at Sling introduce you to group activities that will get everyone engaged, energized, and motivated to work together. Once your team members are in place, instruct those in the triangle to remember exactly where they were in relation to the center. 1) Triangulation. plus or minus 1.33.

Cash Management 78

Cash Management Document Employee Relations Management 78

Buzztime Business

MARCH 1, 2021

NYSE American: NTN) unanimously urges NTN’s stockholders to vote FOR ALL the proposals to be voted on at the March 15, 2021 special meeting of stockholders, all of which relate to the proposed merger involving NTN and Brooklyn ImmunoTherapeutics LLC (“Brooklyn”) and the proposed sale of NTN’s assets to eGames.com Holdings LLC (“eGames.com”).

Cash Management 60

Cash Management Point of Sale Document Employee Relations 60

Restaurant365

OCTOBER 30, 2020

As a restaurant owner or manager, sometimes you may need to jump in to help keep business running smoothly. However, the day-to-day tasks can distract from the bigger-picture work that is essential for your long-term business health: restaurant operations management. What is restaurant operations management?

Operations 78

Operations Management Management Inventory 78

The Restaurant Times

NOVEMBER 30, 2020

Evaluate cash flow for the first year and calculate the five-year-return to the franchise. Supply Chain Management. Vendor Management. Payouts and Commission Management. Managing the business of multiple Franchise Restaurants can be a daunting task. Cash Flow And Financial Projection. Initial setup cost.

Franchise 52

Franchise Franchising Cash Management License 52

The Restaurant Times

MAY 25, 2021

Management Team: This should include the list of stakeholders involved in the management of your cafe such as owner, manager, Head Chef, etc. This type of analysis will include observing, documenting, and reporting your target audience’s spending habits and consumption behavior. Industry Research.

Cash Management 52

Cash Management Employee Relations Email Marketing Point of Sale 52

Touch Bistro

MARCH 23, 2021

Restaurant accounting and tax specialists have navigated many operators through millions of dollars in relief and helped them become cash flow positive through the pandemic. This article will also cover: Important restaurant tax deadlines for 2021 5 steps you need to take to increase cash flow during tax season. more on this here ).

2021 52

2021 Cash Management Employee Relations 2020 52

Squirrel Systems

MAY 31, 2018

Whether you’re looking to sell more of your signature cocktails, seasonal entrees, fresh catch of the day, delicious dishes that don’t get a lot of attention, or even gift cards, employee contests can be a valuable tool in driving sales. How to set up employee contests using Squirrel POS?

Employee Relations 52

Employee Relations Point of Sale Cash Management POS 52

The Restaurant Times

MAY 30, 2021

It gives banks and potential investors information regarding its business objectives – market analysis, management details and financial requirements to sales and marketing, expansion potential, etc. It also outlines details regarding the concept, cuisines to be offered, number of employees, etc. Management Plans.

Point of Sale 52

Point of Sale Food Truck Employee Relations Customer Service 52

Modern Restaurant Management

JUNE 19, 2020

Did not reduce the salaries or wages of their employees by more than 25 percent, and did not reduce the number or hours of their employees; OR. Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25 percent.

Food Safety 362

Food Safety Customer Experience Website Management Employee Relations 362

7 Shifts

FEBRUARY 4, 2020

Getting caught doing wrong by your restaurant employees isn’t the wisest financial move either. Employee Pay Regulations Oregon Minimum Wage Oregon’s minimum wage varies in each part of the state and is scheduled to rise annually until at least 2023. In 2018, one Oregon restaurant was fined $580,000 for violating tip pooling laws.

Restaurant Law 369

Restaurant Law Employee Relations Article Cash Management 369

Modern Restaurant Management

JULY 27, 2020

Interest for alcohol-related experiences has increased since June 1, relative to other food activities, with a rise in consumer interest for wineries (up 51 percent), cideries (up 39 percent), breweries (up 24 percent) and distilleries (up 19 percent). Meanwhile, grocery related businesses are on the decline as people spend less time at home.

Franchise 443

Franchise Franchising Mobile Ordering Kitchen Safety 443

7 Shifts

MAY 26, 2021

Instead, they partner with SBA-approved banks that foot the actual cash to qualifying small businesses. Have fewer than 500 employees (if you own multiple restaurant locations, then you'll need fewer than 500 employees per location). Provide the necessary documentation. Still be open and operational.

2021 195

2021 Cash Management Document Employee Relations 195