Tue.Sep 17, 2024

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Beginner’s Guide to Accounts Payable for Restaurants

ChowNow

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. Let’s explore key strategies for streamlining your restaurant’s AP process. 1.

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Maximizing F&B Revenue: Why Hotels Should Embrace RevPAG 

Modern Restaurant Management

For decades, the hotel industry has relied on Revenue Per Available Room (RevPAR) as its primary performance indicator. While RevPAR remains a valuable metric for room performance, it proves inadequate in capturing the comprehensive financial health of a hotel, particularly with respect to evaluating F&B operations. As hotels transition into multifaceted lifestyle destinations, with restaurants and bars often becoming attractions in their own right, a more comprehensive metric is required to

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When Your Local Sales Rep Becomes Godfather to Your Kids

SpotOn

When Nick Arnoni saw it was Doug DeBlasio calling, Nick was ready to talk about anything. Well, almost anything.  The two met a few years prior when Nick worked as a sales rep for an alcohol distributor in the Pittsburgh, Pennsylvania, area. Doug, who owns DeBlaze at 131 , was his customer. When Nick started working as a Hospitality Specialist for SpotOn, Nick converted DeBlaze from another point-of-sale company to SpotOn’s restaurant POS , significantly streamlining operations.

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Revitalize Your Restaurant: Proven Restaurant Turnaround Strategies by TRG

The Restaurant Group

Lackluster Performance? Save Your Restaurant With These Restaurant Turnaround Strategies Let’s not beat around the bush—running a restaurant is very hard. It’s why only a few businesses last long enough to become local institutions or large, multi-location chains. It’s estimated that 80% of restaurants close within their first five years of operations.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Prost! 9 Best Oktoberfest Bar Promotions, Events, and Twists on Tradition

Buzztime Business

It’s too late for summer parties; too soon for Halloween-themed fun. What’s a bar to do? Run Oktoberfest bar promotions and events to jump start the fall season. To help you out, we gathered up 9 ideas based on traditions borrowed from the iconic Oktoberfest celebration held annually in Munich, Germany… The Tradition: The mayor of Munich taps the first keg in mid-September to officially kick off Oktoberfest.

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4 Common Inventory and Food Cost Challenges that Stifle Restaurant Growth

Crunchtime

In the first installment of the multi-part series, we highlighted four focus areas of operational excellence that, if executed well, pave the way for confident growth:

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Want your franchisees to get on board with discounts? Give them a break on remodels

Restaurant Business

The Bottom Line: Franchisors want their operators to cut prices and run deals. They’d get further along if they delayed remodel requirements or other costs.

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What is the Average Restaurant Food Cost?

Sculpture Hospitality

Food cost - the price of your ingredients compared to the money you bring in from selling dishes - is the silent assassin lurking in the shadows of every restaurant.

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BurgerFi gets funding to get through bankruptcy

Restaurant Business

Operations will continue at the 144 restaurants as the parent company works through restructuring. But the chairman of the board resigned.

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Bob’s Red Mill Makes a Truly Magical Almond Cake

EATER

Photo illustration by Lille Allen; see below for full photo credits It also happens to be gluten-free I’m grateful the talented recipe developers at Bob’s Red Mill didn’t catch wind of the fact that many Americans detest the word “moist” before slapping the “Magically Moist Almond Cake” recipe on millions of bags of their Super-Fine Almond Flour. While they have made an addendum to the recipe online, adding “a.k.a.

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Reduce Bias in Hiring: Structured Interview Questions for Employers

Structured interview questions are a valuable tool for reducing bias in hiring. They help: Ensure all candidates are asked the same questions in the same way Level the playing field so all candidates have a fair chance of being successful Improve credibility, reliability, and validity Download the guide to get the most out of your interview questions!

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Starbucks' North America CEO is retiring

Restaurant Business

Michael Conway, who was promoted to the position at the coffee shop giant only last March, plans to retire from the company at the end of November.

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In Anahuac, the Alligator Capital of Texas, Gator Meat Is Big Business

EATER

At the height of core alligator season in Texas, this small town celebrates its gator overpopulation with deep-fried alligator on a stick and competitions for the longest gators

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What's a CISO? The new IT job coming to restaurants

Restaurant Business

Chief information security officers are common at large companies, but not so much in restaurants. That is starting to change as cyberattacks become a bigger threat.

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In Search of the Ultimate Whiskey Sour

EATER

We asked nine of America’s best bartenders to submit their finest recipe for the Whiskey Sour—then blind-tasted them all to find the best of the best.

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Food & Beverage Industry Report 2024

Driven by a diverse and exciting ecosystem of passionate, ambitious, and often young entrepreneurs, the Food & Beverage (F&B) sector is a highly competitive environment full of immense challenges and exciting opportunities. Expert Market’s 2024 industry report, sponsored by Toast, is informed by a survey of 522 U.S. food and beverage professionals, from restaurant owners to food service managers, providing insights into the real-time challenges and opportunities within the industry.

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Should you buy tech, or build it yourself? FSTEC offered some spirited answers

Restaurant Business

A panel on the topic opened with a divided group of presenters. But they eventually came around to the conclusion that a blend of the two approaches could be the best bet.

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Stephen Colbert and Evie McGee Colbert’s New Cookbook Will Make You Crave the Flavors of the Lowcountry

EATER

Does This Taste Funny: Recipes Our Family Loves comes out on Tuesday, September 17

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Craveworthy Brands takes full ownership of Dirty Dough

Restaurant Business

After taking a smaller bite of the cookie chain earlier this year, the multi-brand Craveworthy will become sole owner with an equity swap.

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Benefits of Loyalty Cards vs. Rewards Cards: Which One Is Right for Your Business?

Evergreen

In today’s competitive market, businesses must find innovative ways to attract and retain customers. Two of the most effective tools for achieving this are loyalty cards and rewards cards. Both strategies aim to enhance customer retention and encourage repeat purchases, but they differ in structure and benefits. Understanding the distinctions between loyalty cards and rewards.

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The HR Leader’s Survival Guide

HR leaders drowning in paperwork struggle to meet C-suite's strategic expectations. Burnout and high turnover plague the field, with 95% feeling overwhelmed. This guide explores how the right tools can free HR from admin tasks and empower them to become the strategic leaders they’re meant to be.

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A mushroom feast, cast-iron Korean cooking, and the new Central Park Boathouse

Restaurant Business

Menu Talk: Pat and Bret chat about their latest food and drink discoveries and share an interview with Brad Hedeman and Mo Frechette of Zingerman’s.

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MOD Pizza rolls out new tiered pricing options

Restaurant Business

New owner Elite Restaurant Group says the move is designed to offer more options for value.

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