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With an estimated $100 billion in annual sales, alcohol is a staple of the hospitality industry. Almost every restaurant with liquor on the menu has their share of creatively named house cocktails and luring drink specials, but is your restaurant making the most of its beverage program? Are you utilizing every perk your distributors and suppliers can bring to the table?
Day in and day out you are dedicated to the grind. You breathe in stress and breathe out hospitality. You get knocked down one day and get back up the next. Welcome to the world of restaurants and bars. It can be a brutal lifestyle if (and it’s a very big if) you allow it to control you. You probably can fondly remember your first job in the industry.
On its surface, Instagram is simple. Post a photo, write a caption, add a couple of hashtags. But if you do all that, and your follower numbers don’t budge, it may be time to consider a deeper dive into your Instagram strategy. Your Instagram popularity may have little to do with the quality of your food or service. Sure, there are ways to make your food more Instagram-worthy.
Online ordering through restaurant delivery apps has skyrocketed in popularity in recent years, with sales predicted to reach $220 billion by 2020. While on its surface, such a spike in restaurant orders seems like great news for restaurant owners and managers, the truth is a bit more complicated. Online ordering, when approached correctly, can be a profitable and healthy source of business for restaurateurs.
The right HR metrics can illuminate hidden trends, justify decisions to the C-suite, and give you an edge in this unpredictable economy. Download Paycor’s guide and learn how to calculate your: Cost-per-Hire Total Financial Impact of Absences Voluntary Turnover Rate And more!
Restaurant management is a complex task requiring a delicate balance of managerial skills and software. When either is lacking, it’s hard to stay competitive and grow your business. Technology can help, but knowing how to get the most out of it is also important. You need to understand how to use it to automate processes, save time, and ensure better accuracy, so you can focus on growing your business.
Being a barista is one of the trickiest jobs in the restaurant industry. The barista is a hybrid role between the front of house and back of house that requires mastery of both customer service and coffee making skills.
As a restaurateur, you want to provide your customers with the best dining experience you can. From placing orders to delivering the dishes and processing the bill, each step should be smooth and convenient. Sometimes that means making an investment in the right software, which can help make all of this possible. When it comes to meal ordering and preparation, kitchen display systems (KDS) are replacing the need for handwritten and verbally communicated tickets in restaurants.
As a restaurateur, you want to provide your customers with the best dining experience you can. From placing orders to delivering the dishes and processing the bill, each step should be smooth and convenient. Sometimes that means making an investment in the right software, which can help make all of this possible. When it comes to meal ordering and preparation, kitchen display systems (KDS) are replacing the need for handwritten and verbally communicated tickets in restaurants.
Running a profitable restaurant or bar is difficult. According to Entrepreneur , there are mistakes that can cause your venture to fail. Fortunately, these mistakes are correctable. You shouldn’t overlook anything including things that look insignificant. If you are in charge of a bar or restaurant, you should stay informed about everything that happens at the establishment.
When you consider how quickly things change in marketing from social media trends to changes that Google makes, to the competition that comes into your local area – there’s a lot to do and many things to keep an eye on. As a mechanic, your expertise may not be in marketing. But, your auto repair shop’s success depends on a successful marketing plan.
Wondering how to increase restaurant sales? You’re not the only one. Sales in the restaurant industry are steadily growing , but food and labor costs are rising, too. Meanwhile, slim margins and high competition are constant concerns. Detailed business planning, a smart marketing strategy, and—of course—quality food and service will always help your restaurant’s numbers.
Restaurant Point of Sale Software. What is restaurant point of sale (POS) software? 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.
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
South Melbourne Market. Local Markets – The Winning Formula. Staying connected with customers, day & night delivering relevant and exciting experiences for all. Australia’s Local Markets are leading the way when it comes to remaining relevant and delivering unique food experiences. Where other precincts are trying to figure out how to evolve and expand their F&B offer, the best of Australia’s markets have been doing just that for over a century.
KEEPING YOUR SANITY In 2018 and 2019 US media is focusing on chefs and owners’ mental health. If you are in hospitality, you know this topic intimately. Let’s move right along to what any of us can do about it! Traditional care is great, if you have a great medical plan. Many people in our industry do not have that access, or you know someone on your team is unable to access long-term therapy.
The good news is, the summer months are typically a boom time for bars and restaurants according to Houston Chron. Tourism increases and people are looking to enjoy a nice meal on a breezy patio. But this can also mean increased competition.
At the end of 2017, 229,000 auto repair shops were operating in the United States. That number is similar to a decade ago, and is expected to continue rising regardless of the economy.
Fuel your restaurant’s success with our comprehensive 2025 funding guide! Running a restaurant comes with unique financial challenges, from managing seasonal fluctuations to covering unexpected expenses like equipment repairs or ingredient shortages. This guide dives into fast, flexible financing options for restaurant owners. Discover how to bridge cash flow gaps, fund expansions, or navigate slow seasons without compromising service quality.
Dust off those shelves. Coffee shops have a unique customer base that stands and waits patiently (we hope) for their lattes—and not selling merchandise is a lost business opportunity. Calculate the average length of time one coffee takes to make. Those minutes could be spent checking out your café’s merchandise instead of idly scrolling through Instagram feeds.
Looking for something fun to do this summer? Why not try a food festival? We’ve compiled a list of some of the best summer food festivals in the country—take a look and see what food festivals are happening in your city! Uptown Food Truck Festival: June 23rd. This unconventional food fair finds its home in Minneapolis, right on Hennepin Avenue. 65 food trucks , local craft beer , and live music are all part of this free event.
The subject of whether to offer discounts in the bar and restaurant industry can be a hot topic. Many owners and operators stand firm in their belief that discounting harms their brand. But is that true? Our very own Dave Nitzel is a former Fortune 500 executive, who brings invaluable expertise he gained while in leadership for mega companies like Office Depot, Velocity Express, and Advance Auto Parts.
Today, we announced that xtraCHEF has reinvented restaurant inventory management software. To read the full press release, click here. I wanted to share some thoughts on why we built an Inventory Management product and how our offering is different than any other product available in the market today. Why Build Another Restaurant Inventory Management Software.
Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
Food Trends. Going out to eat is more popular than ever. In recent years, restaurant spending has outpaced grocery spending for the first time in history. Restaurants that do well to attract customers usually emphasize the economical and convenient aspects of their foods and food services. Some of the highest grossing restaurants include McDonald’s, Subway, and Starbucks– all which have strategically followed trends in eating habits to guarantee success.
A coupon is a coupon is a coupon. Pretty much. There are some coupons that offer more than others. When your coupon is a great deal, it can be the difference between a prospect eating at your restaurant versus a competitor’s.
As a restaurant owner, you likely know how much of an impact social media can have on your restaurant’s traffic. Although it can be overwhelming to keep up with the ever-changing landscape of social media, the hard work can reward you with increased restaurant traffic. One of the simplest ways to improve your restaurant’s online presence is to focus on local consumers.
Fast food restaurant business plan: Start your franchise off right [FREE TEMPLATE]. The post Fast food restaurant business plan: Start your franchise off right [FREE TEMPLATE] appeared first on Delaget.
Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!
Every business has its own needs, but one thing is for sure: technology is always there to help. This is especially true when it comes to security. Restaurants have a specific set of needs, and typically, there are several technology options to consider for each. Here’s how to choose the most critical pieces of technology for your restaurant. 1.
Last week, I had the opportunity to attend the annual BDO Restaurant CFO Bootcamp. Below is a recap and my top take-aways from this year’s event. BDO Restaurant CFO Bootcamp 2019 At-a-Glance. Each year, BDO gathers CFOs, Controllers and other finance, tax and accounting professionals from the restaurant industry for peer-to-peer networking and informative presentations on industry-specific topics.
Americans blow more money dining out in the summertime than the rest of the year, a new survey from MarketWatch finds. 87% of Americans spend more money on dining out in the summertime than any other time of the year. This includes both local dining and eating out while traveling on seasonal vacations. According to statistics released by Capital One, dining at a restaurant is a top priority for spending in the US.
Restaurants of all sizes, from the largest fast-food chains down to the independent coffee shop on the corner, invest time, effort, and money in advertising. In fact, American restaurants collectively spent more than $6.4 billion on advertising. But.how much of that $6.4 billion was wisely spent? Large chains may be affected less when restaurant advertising campaigns don’t work.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.
This guest post was contributed by Gather. Seeing faces of excitement when a dish comes out. Getting a detailed, glowing review. Having happy employees who feel valued. These are just some of the rewards that come with managing a restaurant. But, of course, we know it’s not easy: margins can be narrow, crowds can be unpredictable, and dining trends can change at the drop of a hat.
Not too long ago the journey to turn your restaurant into a sustainable establishment began. Unsure of where to start, you kicked-off the process with an on-site sustainability audit. The results were shocking! Much to your surprise, the amount of food that was wasted could virtually feed a small nation.Trash was being tossed into the recycle bins, contaminating the truly recyclable items.
Starting a restaurant of your own may seem like a major undertaking, but these days, there are many more options available to entrepreneurs who want to make something of their own and be successful at it. Whether you want to create a mobile eatery with a food truck or buy a storefront to turn into the restaurant of your dreams, there are several things you can do to keep the costs down. It is crucial to think about the details, however, and to stay on a budget as you consider things like
Chefs Eric Ripert and José Andrés recently decided that, from hereto forth, June 25th shall be a day of celebration of Anthony Bourdain, the chef/author/TV host/bon vivant. Today, on what would have been his 63rd birthday, we remember the inimitable Bourdain and highlight one of the many lessons he taught us over the years – the finer points of restaurant vendor management.
The HR industry is changing. Did you know… 1. There will be 4M more jobs than workers by 2033 ( BLS ). 2. For 84% of workers, flexibility is a top priority ( FlexJobs ). 3. 75% of employees have used AI at work ( CFO.com ). It’s time to meet the moment! Use Paycor’s guide to design a blueprint for success.
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