Modern Restaurant Management

MARCH 16, 2020

Due to the Covid-19 outbreak effect on the restaurant industry, Modern Restaurant Management (MRM) magazine is compiling a list of resources available for restaurant owners, operators and managers. 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

Restaurant365

APRIL 1, 2020

Tracking and understanding your restaurant’s cash flow is essential, whether business is booming, or times are tough. A healthy, positive cash flow is necessary to pay your bills and grow sales. Monitoring your cash flow is more important than ever during the COVID-19 outbreak. How to calculate restaurant cash flow.

Cash Management 128

Cash Management Management Management Point of Sale 128

Modern Restaurant Management

MARCH 31, 2020

A few months back, several Tim Hortons locations were forced to shut down after a computer virus infected cash registers at more than 1000 stores. In order to understand why cybersecurity is important for restaurants, you only need to scan the recent headlines.

Website Management 509

Website Management Retail Small Business Online Ordering 509

7 Shifts

NOVEMBER 22, 2021

It also requires money to open a restaurant and build it out, buy equipment and finance the operation until it reaches break-even. Management Team : document your team and why they have the experience and expertise to make your restaurant a success. This means the bank is partially "insured" in case somebody is unable to repay them.

Document 393

Document Small Business Cash Management Take-out 393

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. Healthcare costs: group healthcare benefits, insurance premiums, etc. Best for: Businesses who need cash to keep their doors open and their staff employed.

Cash Management 300

Cash Management Government Small Business Healthcare 300

7 Shifts

JULY 5, 2024

Running a restaurant is not just about serving great food; it’s also about managing finances. For example, if labor costs are consistently high, you might consider optimizing staff schedules or using labor-saving equipment to reduce expenses and increase your net profit.

Cash Management 243

Cash Management Inventory Seasonal Menu Beverage 243

SpotOn

FEBRUARY 26, 2025

Joe Nicholson was a manager and tech consultant at one of the busiest restaurants in Sacramento, CA—Tower Cafe. Now, as a copywriter at SpotOn, he helps restaurant owners and managers learn how to run a more profitable operation. Fixing kitchen equipment, HVAC systems, plumbing, refrigeration units, and general facility upkeep.

Point of Sale 90

Point of Sale License Insurance POS 90

7 Shifts

AUGUST 18, 2024

Equipment : What equipment will you need? 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. Sourcing the Right Equipment Your budget, target market, and concept will dictate your equipment needs.

Bar 370

Bar License Email Marketing Customer Service 370

7 Shifts

MAY 1, 2024

Table of Contents 5 easy steps to simplify bookkeeping in the restaurant industry Essential accounting and bookkeeping reports for restaurant owners and managers Identifying and reducing controllable costs in the restaurant business Should I outsource restaurant bookkeeping or do it myself?

Cash Management 221

Cash Management Inventory Employee Relations Beverage 221

Modern Restaurant Management

AUGUST 5, 2020

and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. This year’s Neighborhood to Nation Contest will double the number of winners to award 20 prizes of $5,000 in cash along with a robust marketing package.

Food Safety 527

Food Safety Mobile Ordering Online Ordering Kitchen Safety 527

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

MARCH 25, 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. These restaurants and businesses need a specialized insurance policy. The coverage sits excess of the driver's own insurance.

Online Ordering 289

Online Ordering Insurance Mobile Ordering Website Management 289

Modern Restaurant Management

JANUARY 31, 2025

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of dramatic Valentine's Day shift, best food scenes, and the evolution of c-store foodservice. An analysis of insurance claims processed in 2024 compared to 2023 shows a 4.4 ” A Year of Challenges U.S. percent decrease in claims.

Marketing 221

Marketing Loyalty Program 2025 2024 221

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. Asset-Based Valuation In some cases, the value of your restaurant’s assets, like equipment, furniture, and leasehold improvements, might be the best way to determine its value.

2024 195

2024 Document Point of Sale Cash Management 195

EATER

MAY 31, 2023

It’s harvesting honey, centrifuging honey, bottling honey, labeling bottles, dealing with wholesalers and market managers, cash apps and banks, insurances, clients, and schools. There’s just lots to manage in order to make ends meet. I still use some of my great-grandfather’s equipment.

Insurance 246

Insurance Email Marketing Cash Management 2005 246

7 Shifts

MAY 23, 2024

Managing a restaurant is not for the faint-hearted. Your restaurant expenses may vary depending on various factors, such as the equipment you use, your business location, the size of your operation, and whether you own or rent your commercial space. In this industry, one of the worst-case scenarios is running out of money.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Cash Management 221

ChowNow

AUGUST 23, 2024

By conducting a break-even analysis, you can make informed decisions about pricing, cost management , and overall strategy. Examples include rent, salaries, insurance, and equipment leases. In this post, we’ll walk through the process step by step, with examples to make it tangible and actionable.

Point of Sale 195

Point of Sale Insurance Cash Management Equipment 195

Restaurant365

SEPTEMBER 23, 2021

Whether you’re a bookkeeper, accountant, restaurant owner, or store-level manager, understanding the basics of accounting can pay dividends for your business. Healthy accounting procedures for restaurants can help you manage food and labor costs, understand your profits and losses, and make strategic decisions about expenses and investments.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

Society Insurance

NOVEMBER 15, 2022

To expedite the process of wrapping up for the night, restaurant and bar owners can turn to a closing checklist that outlines tasks to be completed by front-of-house staff, back-of-house staff, and management. Taking inventory and reporting low-stock items to the chef or manager. Properly securing all cash in a drop safe.

Front of House 97

Front of House Food Safety Cash Management Back of House 97

Harbor Touch

APRIL 17, 2018

If you purchase equipment, like a restaurant POS system , for example, it may be eligible for depreciation deductions. A permanent tax deduction is now available for equipment for small business under Section 179. They also may require a separate filing and collection, so be sure your records are accurate. Expensing Asset Purchases.

Employee Relations 97

Employee Relations Insurance Point of Sale Cash Management 97

7 Shifts

JULY 1, 2024

These start-up costs can range from the real estate payments you must make to the permits and licenses you need, the supplies you have to buy for your bar, the wages you need to pay your employees, and insurance. Will you get a discount if you pay for all the supplies you bought in cash? Payment terms: Can you pay in installments?

Bar 221

Bar License Food Supply Restaurant Law 221

Ken Burgin

AUGUST 6, 2022

Effective crisis planning and management is a must. Can we all be expert crisis managers or are some people better at it than others? Key staff resignations, equipment breakdowns, people issues, a kitchen fire or industry disputes – one way or another your turn will come.

Kitchen Safety 88

Kitchen Safety Equipment Cash Management Front of House 88

The Food Corridor

APRIL 8, 2020

Being able to monitor and manage tenants’ movements remotely means you can be less hands-on and focus your valuable time in other areas of the business. You never know if a tenant is going to be a nightmare to manage and a security deposit gives you a little peace of mind just in case. . . Get Insurance.

Kitchen Safety 98

Kitchen Safety Insurance Food Safety Cash Management 98

The Restaurant Group

MARCH 11, 2024

Managing a restaurant involves so many moving parts, including sourcing high-quality ingredients, purchasing a seemingly endless list of supplies, managing staffing and scheduling, and budgeting for a profitable restaurant – all within a set budget. One example is our restaurant remote management service.

Management 78

Management Management Cash Management Insurance 78

Deliverect

MARCH 24, 2021

The ghost kitchen model is appealing to those who are strapped for cash and want to open a low-risk business with minimal overheads. But you should also consider that investment in kitchen tech, order management equipment, menu optimization , and the right team will massively improve your chances of success in the competitive delivery market.

Food Truck 148

Food Truck Front of House Food Order Fine Dining 148

Restaurant365

MARCH 30, 2020

If you haven’t been doing delivery before this point, even if you are using your own team, there are barriers to entry including: Securing equipment (like hot bags, to-go packaging). Expanding “off-premise” insurance coverage. Start with the following: Revisit your insurance policy. Vehicle insurance.

Delivery 78

Delivery Operations Insurance Cash Management 78

Xtra Chef

APRIL 13, 2020

Commissaries allow food business owners to benefit from a collaborative space in a number of ways, from having access to shared equipment to benefiting from economies of scale and splitting shared costs. You don’t have the outlay on equipment, fridges, storage space, and all the other overheads associated with running your own kitchen.

Food Truck 78

Food Truck Kitchen Safety License Insurance 78

Restaurant365

APRIL 15, 2021

This data indicates the state of your restaurant’s financial health, and it can even help you and your managers understand where you can start improving profitability. The sales category may also include other information that affects sales, such as comps and discounts given out by managers at different locations. Prime Cost.

Point of Sale 78

Point of Sale Cash Management Beverage Insurance 78

Restaurant365

OCTOBER 22, 2021

Even if you use restaurant management software to automatically pull much of this restaurant data, understanding the calculations behind your operational restaurant reporting can help you place these numbers in context. An accurate CoGS relies on up-to-date numbers from your inventory management system. How to calculate net profit.

Point of Sale 78

Point of Sale Insurance Inventory Cash Management 78

Restaurant365

OCTOBER 14, 2020

Balancing cash flow month to month, let alone year to year, can be difficult for the ever-changing restaurant industry. As a restaurant owner or manager, you can use a budget to understand your income and expenses, and at what levels you will profit, break even, or operate at a loss. Budget for Equipment Repair.

Point of Sale 78

Point of Sale Email Marketing Advertising Cash Management 78

The Food Corridor

MAY 7, 2020

A good example is distillers producing hand sanitizer during Covid-19 as they already have much of the equipment and access to ingredients needed to easily make the switch. Other considerations are driver insurance, rigorous hygiene guidelines, and offering contactless deliveries. Create an Online Store.

Delivery 98

Delivery Online Ordering Food Email Marketing 98

The Restaurant Times

SEPTEMBER 30, 2021

Consider the upfront cost of new equipment against the continuing expenditures of maintenance, upgrades, or modifications that a used alternative could incur over the first year or two. . Map out your route, your kitchen supplies, storage, equipment, and the number of staff you want. It allows you to spend less cash each month.

Food Truck 52

Food Truck Food License Mobile Ordering 52

SpotOn

MARCH 25, 2024

Here, we'll discuss what you must consider when looking at the construction costs, equipment costs, interior design costs, and licenses and permits. Equipment costs Like all your restaurant startup costs, kitchen equipment, and small wares are directly connected to the concept.

License 52

License Insurance Point of Sale Equipment 52

Clover - Restaurants

MARCH 26, 2024

Most commercial kitchens are large spaces with professional-level equipment, including commercial ovens, ranges, mixers, slicers, fridges, freezers, prep tables, and speed racks. It may or may not matter to the kitchen managers what time you use the space. on weekdays and before 8 a.m. on weekends).

Food Truck 52

Food Truck Cash Management Website Management Small Business 52

The Food Corridor

NOVEMBER 29, 2022

This may include a statement around being respectful and considerate of the equipment, kitchen space, kitchen property, and other clients in the kitchen. While pre-payment for monthly plans is a best practice for kitchen cash flow purposes, do what works best for your kitchen and clientele. Or should they email you with their requests?

Equipment 52

Equipment Food Supply Book Kitchen Safety 52

Lavu

JANUARY 21, 2020

A good accountant will help you in managing finances and producing key financial statements. With an automation tool like Sourcery , you can integrate the system into your restaurant management applications. They include the cost of paying a mortgage or rent, permits, insurances, equipment costs, and certain operational expenses.

Point of Sale 78

Point of Sale Inventory Restaurant Law Front of House 78

The Restaurant Times

AUGUST 5, 2022

Successful restaurant accounting can help in efficient cash management, balancing financial books, optimizing costs, and overall business planning. This includes the rent, property insurance, property taxes, and other utilities. . Automated Inventory Management. Cash Flow Statement. Operating Cost.

Cash Management 52

Cash Management Point of Sale Inventory Employee Relations 52