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Inventory makes up a significant portion of a pizza restaurant’s total expenses, next to rent, utilities and labor cost. Yet your inventory shouldn’t just be viewed as an expense, it’s an investment into the profitability of your business.
While 2021 was the year of the comeback for restaurants, 2022 is proving to be a very different story. Record-high inflation is hitting consumers from every angle – gas, groceries, rent – and restaurants tend to be the first place they cut spending. Restaurant traffic, while recovering and up nine percent in 2021 compared to 2020, is still 4 percent below pre-pandemic levels, with smaller chains and independent restaurants down by nine percent, according to a study by The NPD Group.
Joules Garcia /Eater. Diners need to understand that things will never be as they were before the pandemic In the final six weeks of our pandemic-born restaurant, customers formed a line out the door and booked out dinner reservations weeks ahead. Regulars brought flowers and letters asking if we would reconsider closing. In truth, my husband and I struggled around the decision for months.
Welcome to the team, Christopher Gianino! Goliath Consulting Group is a full-service restaurant consultancy based in Atlanta, GA, for those new to our business. We are committed to our range of client services, and welcome Christopher to the team as our Chef Consultant to help us towards our goal of allowing us to focus our efforts on existing and new clients in Nashville, TN, and Louisville, KY areas.
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!
It is no secret that some of the largest pain points in the food service industry have been widespread supply shortages, labor shortages, and reduced access to skilled talent. In their 2022 Global Restaurant Trends Forecast , Technomic predicts that “2022 is all about labor, supply disruption, and inflation.” In other words, these issues aren’t going away any time soon.
Smart Ways to Integrate the Delivery App Experience into Your Food Service Model. When a food historian someday drafts a history of how the restaurant industry survived the pandemic, food delivery apps will arise as one of the heroes of that story. After all, delivery apps and take-away service were the true lifelines of lockdown. They accounted for more than 80 percent of all restaurant transactions during those days.
Eighteen former workers at the Stone Barns Center for Food & Agriculture allege dysfunction in the livestock program at America’s most famous regenerative farm “This isn’t a joke,” police told the Daily Voice , a hyperlocal news site in Westchester County, New York, on August 30, 2018. “We really are helping the restaurant and farm staff try to capture the cow.
Eighteen former workers at the Stone Barns Center for Food & Agriculture allege dysfunction in the livestock program at America’s most famous regenerative farm “This isn’t a joke,” police told the Daily Voice , a hyperlocal news site in Westchester County, New York, on August 30, 2018. “We really are helping the restaurant and farm staff try to capture the cow.
Kenya is Africa’s fifth-largest coffee producer and is renowned for its high-quality arabica production. This is thanks to the country’s high altitudes and rich soils, as well as the hard work of an estimated 800,000 Kenyan coffee farmers. However, the country faces a number of issues, including an ageing coffee farmer population, which is causing a generational gap to form, as younger generations are becoming increasingly disinterested in coffee production.
What Are Restaurant Finances? Tracking restaurant finances is one of the best ways restaurants have to monitor their success. And the idea that it is important to track metrics that have a significant bearing on your restaurant revenue may seem a bit straightforward. But it is not only important because this data can be used to ensure that your restaurant keeps generating positive restaurant revenue, but also because it can be used to compare your financial performance with the rest of the resta
It has been an incredible couple of years. COVID shut down the hospitality industry from March of 2020 to mid-2021. Gradually, states let operations resume, but no matter where you are, we are all now in the same boat: no staff! In my last article I discussed how robots will transform our industry in a big way, but that is a few years off. We must develop some strategies to deal with today’s reality of lack of staff.
Kassie Mendieta/I Bake Mistakes. Whimsical yet organic, these rounded confections are a treat to behold A cake from the Chicago-based baker Dream Cake Test Kitchen looks like something out of a Dr. Seuss landscape: Flowers poke out like Truffula trees, and halved fruit protrudes like glowing orbs. “I like to create environments that you think you saw, but you’re not sure where,” says Hyun Jung Jun, an artist who has made cakes under the Dream Cake name since 2020.
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.
Every week in the Hospo Reset Newsletter, we share a product or service that’s caught our eye – for kitchen & beverage management, staffing, facilities management, marketing and overall productivity. This is not an endorsement, please do your own assessment of suitability for your business. Here’s the list so far, and it’s updated every month.
Labor laws for breaks can be confusing. If you’re an employer, you have to abide by and enforce the regulations that apply to your business. If the breaks are shorter than the allotted amount of time, you have to pay the employees for that time (which could affect overtime). If the breaks are over a certain amount of time, you don’t have to pay the employees but they can’t do any work.
The open kitchen concept has become one of the biggest trends in the restaurant industry. When people walk into a restaurant, food transparency is what matters the most. An open kitchen makes the understanding of the whole food production process really simple. However, it is still a matter of discussion whether an open kitchen is good from an operational standpoint or not.
We hope to be able to teach you something new about your favorite pours and encourage you to try new ones with this series exploring different beer styles. Cheers! Style Spotlight . Belgian Golden Strong Ale. Overall Taste: A pale, strong Belgian ale that is more fruity and hoppy than spicy. Complex and delicate, with a dry finish, light body, and high carbonation to accentuate the yeast and hop character.
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.
Every cafe owner likes the idea of building ‘community support’ and having loyal local customers, but how do you make this happen? Ken Burgin interviewed Mike Matich from Crooked Spire Cafe in Perth, about how he’s built strong local support in his area. What makes it a place that appeals to everyone in the community, from street people to tradies, families and office workers – including the local Member of Parliament?
Deciding how to structure a business can be overwhelming and confusing. Getting an attorney involved is the best way to help sort through the pros and cons of each structure, as there is no one way that works best. The business structure choose will affect the following aspects of a restaurant: The amount of taxes you will pay. The extent to which you and your partners/investors are held personally responsible for debt incurred by your restaurant (liability).
What Are Restaurant Finances? Tracking restaurant finances is one of the best ways restaurants have to monitor their success. And the idea that it is important to track metrics that have a significant bearing on your restaurant revenue may seem a bit straightforward. But it is not only important because this data can be used to ensure that your restaurant keeps generating positive restaurant revenue, but also because it can be used to compare your financial performance with the rest of the resta
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.
Vanshika Wadhwa is a young restaurant entrepreneur and a force behind the upcoming brand – Fio Pop. A design enthusiast by heart, Vanshika has jumped into the family business to take the legacy forward. . In Conversation with Vanshika Wadhwa, Co-founder, and Partner at Fio Restaurants. In this exclusive interview with The Restaurant Times, Vanshika Wadhwa, Co-founder, and Partner, of Fio Restaurants, takes us through her journey as a restaurant entrepreneur, business challenges, and her ta
In this digital age, reviews are everything for your business. Latest studies show that up to 97% of people aged 18-34 check online reviews before visiting a new restaurant, cafe or hotel. And almost 90% of people pay attention to how business owners respond to reviews. By replying to negative reviews, a company shows that it actually cares about the customer’s opinion and that they will use this feedback to improve where necessary.
Taiwanese fried chicken, also known as yan su ji. | Wonho Frank Lee/Eater. An after-school snack that tastes like teenage freedom This post originally appeared on July 2, 2022, in Stephanie Wu’s newsletter, “From the Editor,” a roundup of the most vital news and stories in the food world. Read the archives and subscribe now. The place where I fell in love with fried chicken doesn’t exist anymore.
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.
The retail landscape has undergone massive disruptions, partly due to the vastness of online shopping. As the move to the digital space intensifies, and the competition grows by the day, brands must quickly identify ways to stand out from the crowd.
The goal of your restaurant, just like any other business, is to make a profit. Yet restaurants are different from other businesses – so standard benchmarks only go so far if you want to calculate how much profit your restaurant could be made based on the many different costs associated with running your stores. We’ll look at all of the factors that affect your profit margins, and then you can use our restaurant revenue calculator to see where you have opportunities to improve.
In this digital age, reviews are everything for your business. Latest studies show that up to 97% of people aged 18-34 check online reviews before visiting a new restaurant, cafe or hotel. And almost 90% of people pay attention to how business owners respond to reviews. By replying to negative reviews, a company shows that it actually cares about the customer’s opinion and that they will use this feedback to improve where necessary.
Celeste Noche/Eater. As sturdy as it is summery, this cake is a welcome addition to any gathering From personal experience, I’ve found that making a beautiful dessert is only half the battle in a place like New York. The real test is getting it across the city to its desired destination in one piece, and doing everything possible to avoid the worst possible scenario: dropping it on the ground.
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!
When you’re starting a new restaurant business, it’s essential to know what your options are. For example, some business owners operate as sole proprietorships, and others choose to incorporate. But what about LLCs? Can restaurants be LLCs? If you’re considering opening a restaurant, you might consider going the LLC route. You’ll want to read on […] The post Can a Restaurant be an LLC: Everything You Need to Know first appeared on The Restaurant CFO.
It’s time for the American lunch break to make a comeback. For too long, workers have cut back on their lunch breaks. They eat at … How to Open a Corporate Cafeteria for Your Employees Read More ». The post How to Open a Corporate Cafeteria for Your Employees appeared first on iPad Point of Sale System for Restaurants, Bars & More.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
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