Modern Restaurant Management

APRIL 27, 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. Best practices for calculating cash flow. MRM Restaurant Survival Guide Updates and COVID-19 Resources for Restaurants. Tips for pivoting to retail.

Webinar 463

Webinar Loyalty Program Online Ordering Social Media 463

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

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

APRIL 27, 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. Best practices for calculating cash flow. MRM Restaurant Survival Guide Updates and COVID-19 Resources for Restaurants. Tips for pivoting to retail.

Mobile Ordering 494

Mobile Ordering Webinar Loyalty Program Online Ordering 494

7 Shifts

NOVEMBER 26, 2019

Between up-front licensing fees and opening costs, the amount can easily break into the six or even seven-figure range. million Some franchisors even require aspiring franchisees to have hundreds of thousands of dollars of cash on hand, which runs the bill up even more. of weekly gross sales for franchise royalties and advertising.

Franchising 369

Franchising Franchise Restaurant Law 2015 369

7 Shifts

SEPTEMBER 16, 2024

No matter the cause, selling a restaurant requires careful preparation and strategy to ensure you get the best price and attract the right buyer. If your business is priced too high, buyers may overlook it. 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

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. So you have your bartenders work on their pours and you raise prices on three popular reds.

Point of Sale 88

Point of Sale License Insurance POS 88

7 Shifts

JULY 1, 2024

However, note that bar profit margins vary due to various factors like tax rates, licensing laws, customer demographics, and the cost of living in your area. Obtain permits and licenses Remember: selling alcohol is a heavily regulated business. Before you start a bar, you must secure a license from the Alcohol and Tobacco Trade Bureau.

Bar 221

Bar License Food Supply Restaurant Law 221

ChowNow

AUGUST 26, 2024

All of the ingredients of success come down to how you manage your money to keep costs under control and bring in profits. Startup Budget This covers initial costs such as equipment, licenses, renovations and initial inventory. We’ve got a few tips to effectively manage your restaurant business budget.

Cash Management 195

Cash Management Seasonal Menu Inventory Equipment 195

7 Shifts

FEBRUARY 12, 2021

Tack on obtaining permits and licenses, and you could be in for a pretty big check. According to recent data from the National Restaurant Association, restaurants overall sell for a median price of $150,000. The average price sits around half a million dollars, according to data from Restaurants for Sale. Table of Contents.

License 195

License Equipment Certification Take-out 195

Focus POS

JUNE 17, 2021

With a bar software system, you can quickly scan someone’s driver’s license and verify their age right where they order. Like age verification, there are other inherent hurdles to running a bar that, when poorly managed, can lead to severe issues. Cash drawer shortages. Double drink pricing. VIP pricing.

Bar 148

Bar Cash Management POS Point of Sale 148

7 Shifts

MAY 23, 2024

Managing a restaurant is not for the faint-hearted. Food cost percentage When deciding how much to price your menu items, TouchBistro advises keeping the food cost percentage anywhere between 20% and 40%. A restaurant budget allows restaurant owners and managers to see directly if they are meeting their income and expense benchmarks.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Cash Management 221

SpotOn

OCTOBER 14, 2024

Features and pricing models change frequently, so review the POS providers' websites and connect with POS providers directly so you know exactly what to expect. " This refers to the monthly software licenses POS providers charge. Some POS system providers bundle software offerings together, which can increase POS pricing.

POS 52

POS Loyalty Program Website Management Cash Management 52

7 Shifts

FEBRUARY 15, 2024

The demands of the modern bar are significant: inventory issues, demanding customers, volatile prices, and — perhaps the biggest of all — staffing, scheduling, and other labor concerns. Bar management software is a tech-forward way to handle many of the elements necessary to operate a bar successfully.

Inventory 195

Inventory Bar Management Management 195

7 Shifts

FEBRUARY 15, 2024

The demands of the modern bar are significant: inventory issues, demanding customers, volatile prices, and — perhaps the biggest of all — staffing, scheduling, and other labor concerns. Bar management software is a tech-forward way to handle many of the elements necessary to operate a bar successfully.

Inventory 195

Inventory Bar Management Management 195

Modern Restaurant Management

SEPTEMBER 15, 2020

SALIDO leverages design, data, and workflow management to optimize both front- and back-end operations. With the integration of both platforms, first-party orders made through Lunchbox will effortlessly feed into Ordermark’s platform to ensure that restaurants can manage both first-party and third-party orders from one location.

Fast Casual 405

Fast Casual Casual Menu Mobile Ordering 405

Perfect Daily Grind

AUGUST 7, 2022

This is a result of several complex issues, including low coffee prices and accusations of mismanagement. In Kenya, a coffee co-operative society (also known as a Farmers’ Cooperative Society) is a licensed and registered group of pulping stations and wet mills. Mr. Gathura is a retired wet mill manager from Kenya.

Operations 175

Operations Audits Agriculture Cash Management 175

Restaurant365

AUGUST 25, 2020

Comprehending your restaurant cash flow is essential to running your restaurant business. Cash flow refers to the amount of cash coming into your restaurant minus the amount of cash going out on a daily, weekly or monthly basis. Common factors that cause cash flow issues. Too much inventory. Unexpected expenses.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Perfect Daily Grind

OCTOBER 12, 2022

According to the Kenyan Agriculture And Food Authority , coffee was grown on around 119,000ha of land in 2019, making it one of Kenya’s biggest cash crops. The vast majority of Kenyan coffee is sold on the Nairobi Coffee Exchange (NCE), which is organised by the country’s Exchange Management Committee.

Food Supply 153

Food Supply License Supplies 2020 153

Focus POS

JUNE 17, 2019

It’s a system that takes the place of a traditional cash register and provides much more than basic transaction functionality. Restaurant point of sale software empowers businesses to control labor costs, manage inventory, and have deeper visibility into business operations. POS for Restaurant Franchise Management.

Point of Sale 113

Point of Sale Cash Management POS Mobile Ordering 113

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. There are various licenses and permits necessary to sell food in the United States. Business License. Food Service License. Liquor License. Food Truck Management.

Food Truck 88

Food Truck Food License Social Media 88

Lavu

MARCH 11, 2020

Understanding Restaurant Management Software. Among the technology offered today is restaurant management software. . If you’re in the beginning stages of looking for a restaurant management system , you might have multiple questions or concerns. Why do you need restaurant management software?

Management 78

Management Management Cash Management Mobile Ordering 78

Open for Business

OCTOBER 20, 2023

From budgeting and licensing to crafting the perfect menu, here’s everything you need to know about how to open a restaurant. Visit other restaurants in the area to understand their pricing and see what they’re doing well and what can be improved upon. It’s equally important to study your competition.

License 78

License Email Marketing Front of House Social Media 78

Clover - Restaurants

OCTOBER 3, 2024

Devise a business plan A well-constructed business plan can help guide you through each step of starting and managing your restaurant–and is important in securing the financing you may need to get up-and-running. While there are common permits required to open restaurants, each state has specific licenses that must be obtained.

License 52

License Small Business Dietary Restrictions Loyalty Program 52

BNG Point of Sale

OCTOBER 13, 2021

A POS system for convenience stores is an invaluable asset and one of the most important business management tools for convenience store managers. Cash drawer. A POS speeds customer checkout at the cash register. The price differences between POS systems are enormous. Keyboard and mouse. Receipt printer.

POS 52

POS Cash Management Point of Sale Equipment 52

Clover - Restaurants

JUNE 20, 2024

Of course, opening a restaurant can come with a high price tag, and figuring out just how much it costs to open a restaurant can be tricky. Permits and licenses Once you’ve decided on the kind of restaurant you’d like to open in Florida, you’ll need to register your business with the Florida Department of Revenue.

License 52

License Front of House Back of House POS 52

SpotOn

MARCH 25, 2024

." That's because determining the cost of opening a restaurant ranks at the top of "most challenging" There are so many variables when it comes to restaurant startup costs that it's impossible to put a single price on it. Typically, beer and wine-only licenses are easy to apply for, and the initial cost is low.

License 52

License Insurance Point of Sale Equipment 52

The Restaurant Times

JANUARY 31, 2022

Yes, you can enrol in restaurant management classes or attend culinary school. This way, they’ll be knowledgeable about the licenses and permits your restaurant will require, as well as the specific hospitality regulations and demographics you’re targeting. . Experience . Source: Vocal Media. Professional Kitchen Design .

Cash Management 52

Cash Management Kitchen Safety Point of Sale Hiring 52

The Restaurant Times

SEPTEMBER 30, 2021

When you start a food truck, you have to look out for state rules and regulations regarding licensing and taxes. Before you get started, here’s a list of necessary food truck licenses and permissions to think about: Business license. Vehicle license. It allows you to spend less cash each month.

Food Truck 52

Food Truck Food License Mobile Ordering 52

Marketman

DECEMBER 21, 2019

Whether your restaurant is preparing for its grand opening night or will be celebrating its 10 year anniversary, it is never a bad time to begin implementing the best restaurant management practices and improving your processes. Restaurant management spans over a wide variety of elements including: Customer service. Staff management.

Management 52

Management Management Cash Management Inventory 52

Lavu

JANUARY 21, 2020

You should see the amount of cash that came in and went out of your business across different periods of time. As a restaurant owner or manager, you will prefer to choose an online accounting system that allows immediate backup of your accounting data. Presence of Web-Based Application. Cost of Purchasing the Accounting Software .

POS 78

POS Small Business Cash Management Online Ordering 78

Apicbase

APRIL 20, 2022

That’s where an extensive operations manual comes in, including your processes, recipes, portion sizes, suppliers, safety and hygiene guidelines, equipment, pricing, appropriate furnishings, etc. We suggest focusing on your earnings before interest and taxes (EBIT) to estimate cash flow. Therefore, financial transparency is key.

Franchising 52

Franchising Franchise Cash Management Kitchen Safety 52

The Restaurant Times

JANUARY 28, 2022

Restaurant consultants are familiar with good properties that have essential utilities such as parking, regular water power, as well as zoning, licensing requirements, etc and can help you find a great location for your future restaurant. . Another extremely significant part of menu optimization is pricing. Recruitment and Retention .

Recruiting 52

Recruiting Customer Service Hiring Seating 52

The Restaurant Times

SEPTEMBER 10, 2021

This is the second in a series of interviews hosted by our guest host, Peggy Li, Managing Partner at SBS Affinity Consultancy, who brings 18 years of experience working with Michelin-starred fine-dining across the UK and the Far East. . I was in love with the community of D3, people that worked there and created things there.

Social Media 59

Social Media Back of House 2011 Customer Experience 59

Apicbase

MAY 18, 2022

Managing a chain of company-owned restaurants is very different from working with franchisees. The cost estimation segment describes franchisees’ estimated expenditure, from their initial start-up investment to infrastructure, licenses, and royalty fees. 3 Develop A Comprehensive Manual For Franchisees.

Franchising 52

Franchising Franchise Sustainability Document 52

Open for Business

DECEMBER 12, 2023

There are some distinct advantages to creating an LLC: all members (including you) are sheltered from liability; depending on the structure, either you have all of the authority, or all members have the right to help manage the business, and there is no limit to how many shareholders you can have in an LLC. Every dollar counts.

Back of House 78

Back of House Restaurant Law Small Business Email Marketing 78

Kounta

NOVEMBER 6, 2019

Both through the purchase itself, and the need to prop-up cash flow for the first twelve months of trading. Have you managed a business before? A Bar is a fast-paced, highly competitive and challenging segment, even the most experienced Managers. Both opening a Bar or purchasing one requires significant amounts of capital.

Bar 40

Bar Franchise Franchising Small Business 40