This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the dismal March restaurant sales, security, loyalty, trends and teen consumer behaviors. March Sales Decline. Same-store sales for restaurants dropped by 28.3 Same-store sales for restaurants dropped by 28.3 percent in March.
During the pandemic – those operators who have been able to convert their operations to take out, curb side, or delivery using third party providers like GrubHub and Uber Eats have hit the nail on the head. I know what you are thinking – WHAT!!!! Restaurants cannot wait that long, no way, no how – this is the end of the world, as we know it.
This edition of MRM News Bites features Aramark, Starbucks, KFC and FRCH NELSON, OpenTable and Capital One, Toast, MOD Pizza, Coolgreens, Virtual Kitchen, Punchh, The OC Restaurant Association, NCR Corporation and Shake Shack. The Best Chefs in the U.S. Aramark is hosting an intense culinary competition to determine its best U.S.-based based chefs.
In mid-December, a story went viral on Twitter across the pond about a customer being refunded by a food delivery service after complaining that the “four milkshakes, a cheesecake and an ice cream” they had ordered from a Manchester restaurant were “too cold”, as reported by Manchester Evening News.
In this edition of MRM News Bites, we feature a webinar that looks into the future of restaurants, face pay, delivery robots, drone delivery and a new venture for MRM. The Main Course. "We always viewed a podcast as a natural extension of the MRM brand," said Executive Editor Barbara Castiglia. "When 20 at 4 p.m.
One of the best things to do is to find additional revenue streams to supplement your core food and beverage sales. Offering additional services, like delivery and takeout, meal kits and subscription boxes, and even catering and hosting special events can unlock new growth opportunities. and 15% of the total bill.
We're all here for it! Coffee shops can be so much more than a place to grab a cup of joe and a croissant. They are places where friends and family gather, where ideas are formed and spread, and where important work gets done. At their best, they're an essential part of their community—a third place beyond work and the home. Table of Contents.
However, many states that are forcing restaurants to stop their dine-in services are allowing them to operate as takeout and delivery-only establishments. Will running a takeout and delivery-only restaurant be profitable, or will the costs outweigh the revenue this opportunity could generate? Do you have takeout packaging in stock?
Since its inception in mid-March, more than 500 restaurants around the world have joined the program and are reporting sales ranging from several thousand dollars to up to $60,000. The company is exploring collaborations with corporate partners and charities, as well as merchandisesales, to keep its mission alive. "When
Founded in the Netherlands in the year 2000, Takeaway.com specializes in online food ordering and home delivery. In 2020, the company merged with Just Eat to form one of the leading global online food delivery companies, Just Eat Takeaway.com. Does that mean restaurants without a delivery service of their own cannot join the platform?
Sukh Singh , Senior Sales Manager at 7shifts, offered deep insights into effective labor cost management practices. Short-Term Solutions Take Stock of Your Current Sales vs. Labor Costs The first step in managing labor costs effectively is to understand where your expenses are allocated. This collaborative approach has two benefits.
The caldosa at Fory Fay, the home of the original recipe. Ceviche piled into a bag of Picaritas barbecue-flavored chips has become a standard snack across the country since the recipe was invented by a kid in the ’90s Some recipes make a restaurant famous. Others become representative of a city or a region. Juan Miguel Pacheco outside Fory Fay.
Frances Allen has been named Chief Executive Officer and a member of Checkers & Rally’s Board of Directors, effective February 17, 2020. Allen succeeds Rick Silva, who has decided to leave the company after 13 years as CEO and President. She is an accomplished leader in the restaurant industry.
Offer delivery and/or takeaway. One way to still serve your customers is through delivery or takeaway - two options that are supported by most, if not all local governments of the countries and areas in lockdown. Uber Eats provides all the ordering, delivery and payment logistics. How to get started with Uber Eats*.
3 rd party delivery apps, ghost kitchens and privately owned franchises are all fighting for the same market share. One example is Chick-Fil-A’s rewards program (Signature Tier) that allows members to utilize their points by giving gifts to friends and family. Benefits of Restaurant Loyalty Programs. They have roughly 14.2
A healthy, positive cash flow is necessary to pay your bills and grow sales. Understanding your cash flow not only keeps your operation afloat, but it also prepares you to handle unexpected changes in sales and expenses. Forecasting enables you to better understand your future financial health, based on your sales and prime costs.
Extra points for loyalty customers, or a double discount when they order online. Mix online and offline deals, to encourage awareness of online sales. Move the merchandise – the t-shirts that haven’t sold, offered at a crazy price. Singles Day Restaurant Marketing – 11 November.
This investment represents the first institutional capital into Green Rabbit and positions the company to continue its growth in the $20 billion e-commerce food and grocery delivery market by adding additional talent to its workforce and further developing its supply chain automation capabilities. delivery success rate.
As restaurants continue to explore new revenue streams in an ever-changing environment, restaurant merchandise is stealing the limelight as an innovative, fun product that does wonders to your bottom line. It is estimated that over 25 billion dollars will be spent in 2021 on physical promotional merchandise. Table of Contents.
There’s a reason there are millions of food photos on Instagram and just a few thousand of point of sale systems (POS). The point is that restaurants and dining habits have changed dramatically in the past two centuries. Think of them as the real-life version of those house robots from ’80s movies.
Beginning Inventory + [Purchases, Prep Production, Transfers] – [Transfers, Waste, Donations] – Theoretical Usage (Sales Mix) = Theoretical Ending Inventory. Fortunately, all of these can be prevented by knowing and avoiding top mistakes and implementing best practices around each of them. Theoretical Variance. Actual Food Cost (COGS).
Fortunately, driving more restaurant sales isn't particularly difficult. The key is to reduce your costs and increase your sales. As an owner-operator, your restaurant likely sits at the center of your life. It's not only your business and your livelihood— it's also your dream. So, why do it? Why run a restaurant at all?
In this article, we will talk about the approach to customizing the packaging for your restaurant to increase sales. . Rise of takeaways and home deliveries. 8 Ways To Increase Sales By Personalized Packaging. We are here to help you with ways that can enhance personalized packaging and maximizing your sales.
A traditional point of sale (POS) used to be a restaurant billing software that processed orders and produced receipts. Here are five restaurant POS trends to look out for in 2023: Centralize All POS Tasks Restaurant orders are made via multiple digital channels, from dine-in and take-out to curbside and delivery. Read along!
The sales term is ‘grease the slide’ – removing any friction that stops a customer completing a sale. Amex fees are a bit higher, but ‘no Amex’ rules get people offside, especially if they want the points. Make sure they are also available on your e-commerce site for merchandise and delivery orders.
It’s helpful for understanding your restaurant profitability, and there are two main types you need to consider: Gross profit margin measures profit from food and beverage sales before accounting for operating expenses. Determine your profit margin: Divide your net profit by your total sales, then multiply by 100 to get a percentage.
This could include offering catering services, launching a food truck, or selling branded merchandise. Here are some ways technology can support your expansion efforts: Point of Sale (POS) Systems : Modern POS systems offer more than just transaction processing.
To make the most of restaurants or catering businesses, you’ll need to answer some vital questions and know how much volume the business can generate in sales as monthly revenue, and at any given time. Most average restaurant revenue statistics reflect pre-COVID sales numbers. What Is Restaurant Revenue?
Yes, there is money to be made in the restaurant industry, but to do it well means knowing the right strategies. Financially, restaurants are one of the most challenging business categories. 60% of restaurants close or change ownership in the first three years, and one of the biggest reasons is insufficient profits. Fast casual restaurants: 6 to 9%.
By this point, you would have certainly thought of the basics like location, uniform design, a logo, a beautiful menu, kitchen staff and the equipment required, and marketing in general. Since 2018, the takeaway business in India has grown by approximately 17% every four months. 4 Ways Opening A Takeaway Restaurant Has Become Easier Now.
Logistics and delivery are now make-or-break, as consumers have many options to find and purchase the same or similar products. That’s when the news broke that Grubhub was pursuing a number of strategic options, including a sale, in an effort to deflect the potential attention of an activist investor. billion on Jan.
Fortunately, driving more restaurant sales isn't particularly difficult. The key is to reduce your costs and increase your sales. As an owner-operator, your restaurant likely sits at the center of your life. It's not only your business and your livelihood— it's also your dream. So, why do it? Why run a restaurant at all?
Whether you’re looking to improve customer satisfaction, increase sales, or reduce costs, tracking these metrics will bring clarity to your restaurants’ performance and help you achieve your goals. In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking. Why Are Metrics Important?
Other approvals include the approval for transportation given by the Roads & Transportation Authority (RTA) and hygiene and safety that is provided by the HACCP (Hazard Analysis Critical Control Point). Hence, the truck should be big enough to accommodate the kitchen and delivery set up efficiently and advisably be at least 18-feet long.
From point-of-sale systems that streamline transactions to inventory management software that prevents wastage, the right technological tools can save time and money. Embracing technology also extends to customer engagement through online reservations, mobile ordering, and delivery apps that cater to the convenience-driven consumer.
31 Restaurant Marketing Ideas to Boost Sales. The challenge is, restaurant marketing and promotions can take many forms, and not every strategy will resonate with every diner. As a result, it’s important to test out different types of restaurant marketing ideas and trends to see what resonates most with your target audience. Download Now.
“It’s encouraging to see consumers continue to rally and support local businesses, with many planning to purchase merchandise, specialty items and gift cards as holiday gifts.” 22 percent of customers are looking to buy restaurant merchandise. Diners Show Holiday Spirit. Hassle-free holiday meals.
To achieve this, issues like culinary shifts, contactless delivery innovations, and online hygiene ratings, among many others, are a part of the new reality that requires brand new restaurant post-covid strategies. Quality control is critical for excellent service delivery. This is an addition to their virtual kitchen’s lineup.
Flippy ROAR for Sale. This edition of MRM News Bites features a lot of technology and robotic news, virtual food halls and healthy kid menus. Flippy ROAR hits the market with advanced cooking capabilities to quickly learn menu items, allowing operators to appeal to new customers and retain eaters with consistently cooked options.
Alternatively, you could make a more elaborate loyalty program that offers recurring rewards or one that allows your customers to save up points that can be redeemed for free gifts or meals. We’re a Restaurant Marketing Agency that’s worked with restaurants for over a decade. Restaurant Marketing Ideas. Let your staff shine and stand out.
The European foodservice industry is at a tipping point. Restaurant tech enables you to collect and analyse data on everything from sales and customer behaviour to inventory levels and food production. On a logistical level, technology enables customers to order and pay remotely and track their delivery.
In this edition of MRM News Bites, we feature sobering statistics from Yelp, a ghost kitchen franchise model, franchise explosions expected and falling for for an improved PSL. Yelp Sees COVID Effect. YEA reflects data from millions of local businesses and tens of millions of users on Yelp’s platform measuring U.S. “As U.S.
For example, the L&L Colorado Springs, Colorado location used a small wagon attached to a remote-controlled car to bring food from the store to the parking lot during curbside delivery, top photo. She saw double digit percentage sales increases in March, April and May. The franchisees were community forward as well. Elisia Flores.
Communicate your distancing requirements with third-party delivery drivers and other suppliers. Managing Food Pick Up and Delivery. Offer “no touch” deliveries by sending text alerts to customers when their food has arrived at their homes. Check for state requirements on your governor’s or state health department’s website.
We organize all of the trending information in your field so you don't have to. Join 49,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content