Cash Management Point of Sale Take-out 
Modern Restaurant Management
FEBRUARY 27, 2023
While most restaurant operators will seek outside funding to get the second location running, it still takes time for a unit to become profitable once the doors open. While most restaurant operators will seek outside funding to get the second location running, it still takes time for a unit to become profitable once the doors open.
Modern Restaurant Management
AUGUST 27, 2024
By the time you manage inventory, staffing, customer demand and narrow profit margins, the last thing you want to think about is the IRS. Restaurants, like other cash-intensive businesses, are a frequently targeted for audits by the IRS. Operating a restaurant is not easy. T – Taxes: Pay Them!
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ChowNow
AUGUST 19, 2024
Whether you’re a roadside fruit stand or a Michelin star restaurant, cash flow management is crucial. And there’s more to restaurant cash management than simply bringing in more money to cover expenses. What is Cash Flow? Cash flow is the net amount of money moving in and out of your restaurant.
Modern Restaurant Management
JUNE 14, 2022
One study found that internal employee theft is responsible for 75 percent of inventory shortages and about 4 percent of restaurant sales. It’s also more prevalent than some restaurant owners and managers might want to believe. Implement a Point of Sale System. Restaurant theft is expensive. Why is this helpful?
Modern Restaurant Management
APRIL 2, 2020
“Cash or card?” Although the average American still carries cash in their wallet and uses it for nearly one-third of transactions, cashless restaurants are on the rise. Sweetgreen reported the ability to process as many as 15 percent more sales an hour thanks to its cashless payment system. According to the FDIC, 8.4
Modern Restaurant Management
FEBRUARY 3, 2022
Seventy-four percent of full service restaurants (FSRs) managed to maintain or increase their sales during the pandemic; however, profit margins in 2021 declined to 10 percent, compared to 12 percent in 2019, according to third annual State of Full Service Restaurants Report released by TouchBistro.
Modern Restaurant Management
DECEMBER 1, 2020
Especially today, as customers become accustomed to new dine-in protocols, take-out options and longer wait times due to capacity limitations, restaurant owners must go above and beyond to make their customers feel comfortable and welcome. Important to note is the timely need for easy take-out options. McKinsey & Co.
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