Modern Restaurant Management

AUGUST 5, 2020

Ervin Cohen & Jessup launched a Food, Beverage and Hospitality practice to more efficiently advise industry-related clients to recover from the devastating financial and logistical impacts of the coronavirus pandemic and beyond. Selvin (insurance and business interruption) and Elliot N. Lef f (litigation and employment), Kelly O.

Food Safety 527

Food Safety Mobile Ordering Online Ordering Kitchen Safety 527

Modern Restaurant Management

JANUARY 31, 2025

Two-thirds of restaurant leaders believe AI or automation will improve their business in each of the 15 areas we asked about, the most popular of which are marketing and promotions (77 percent), inventory management (77 percent), payments (76 percent), menu optimization (76 percent), and staff management (75 percent). percent during Q4.

Marketing 221

Marketing Loyalty Program 2024 2025 221

ChowNow

AUGUST 19, 2024

There are multiple sources for inflow and outflow, including: Cash Inflow: Sales Revenue Catering Services Business Loans Cash Outflow: Employee Payroll Inventory Costs Rent & Utilities Your total cash flow is the inflow minus the outflow: Total Cash Flow = Cash Inflow – Cash Outflow Obviously, you want to make more money than you spend.

Cash Management 195

Cash Management Management Management Inventory 195

Restaurant365

MAY 26, 2020

To calculate your CoGS totaled during a given period, you can use the following formula: Beginning Inventory + Additional Purchases Made During the Period — Ending Inventory = CoGS. As you reopen your dining room, it is more important than ever to stay on top of your inventory management. Dial in your Cost of Goods Sold.

Point of Sale 148

Point of Sale Employee Relations Inventory Insurance 148

7 Shifts

MAY 1, 2024

Manage payroll on time Simplifying your restaurant’s bookkeeping process means efficiently managing the daunting task of settling salary payments, especially if you’re running huge operations and managing many employees. One way to reconcile your accounts is by comparing your physical inventory with your inventory records.

Cash Management 221

Cash Management Inventory Employee Relations Beverage 221

7 Shifts

MAY 23, 2024

However, as a rule, the primary costs you can expect in running your restaurant are usually related to food, labor, and rent. You can also use this to keep track of other costs, such as insurance, license fees, repairs and maintenance, and the actual costs you incurred for a better and closer comparison.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Cash Management 221

Restaurant365

NOVEMBER 18, 2021

From hiring and onboarding to running employee payments and paying taxes, payroll touches on many different parts of a restaurant business. Your restaurant orders, receives, and counts food all in one system: your inventory management software. Tracking labor and payroll data for restaurant employees.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

Restaurant365

JANUARY 5, 2021

Additionally, businesses applying for a PPP loan can also apply for Employee Retention Tax Credits (ERTC), if the credits are not applicable to wages paid with forgiven PPP loan funds. The Act also redefines payroll costs to specifically include group insurance payments made on group life, disability, vision and dental insurance.

Insurance 148

Insurance Small Business Employee Relations 2021 148

Restaurant365

JULY 24, 2020

Third-party apps can take 30% of your delivery earnings and in-house delivery has its own costs, such as salaries, vehicle maintenance, gasoline and insurance. Choosing between in-house delivery, third-party delivery apps or a combination requires an understanding of related costs. Another con is the cost of delivery.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

Restaurant365

OCTOBER 15, 2021

With the help of actionable data and reporting, store managers can help control labor costs, without negatively impacting the customer experience or employee retention rates. Here are a few helpful labor cost terms, along with how they are related to your total labor cost. Hourly Employees. Salaried Employees.

Management 148

Management Management Point of Sale Employee Relations 148

Hot Schedules

MARCH 31, 2020

The Small Business Administration (SBA) may provide loans of up to $10 million per business; any portion of that spent to pay employees, keep workers on payroll, or pay for rent, mortgages, or existing debt could be forgiven, provided workers remain employed through the end of June. Impact on Unemployment Insurance.

Website Management 120

Website Management Employee Relations Small Business Insurance 120

Hot Schedules

MARCH 29, 2021

Related Posts. Read More Health Insurance Requirements for Small and Medium Businesses Health insurance is one of the most important benefits an employer can offer, regardless of size.

Technology 148

Technology Insurance Healthcare Employee Relations 148

Restaurant365

DECEMBER 17, 2019

Recurring restaurant costs would include costs like lease or mortgage payments, employee salaries, food and beverage costs, utilities, insurance and permits. Fixed costs such as insurance, rent, and loan payments do not fluctuate month to month. These recurring costs can be broken down further by category.

Point of Sale 120

Point of Sale License Insurance Employee Relations 120

7 Shifts

JULY 1, 2024

These start-up costs can range from the real estate payments you must make to the permits and licenses you need, the supplies you have to buy for your bar, the wages you need to pay your employees, and insurance. Consistent inventory will help you adjust your budget accordingly and change your selection of spirits if needed.

Bar 221

Bar License Food Supply Restaurant Law 221

7 Shifts

SEPTEMBER 16, 2024

It helps buyers understand what the restaurant owns (like equipment and inventory) and what it owes (like loans or outstanding bills). Check your restaurant’s business licenses, permits, and insurance policies to confirm they’re current and in good standing.

2024 195

2024 Document Point of Sale Cash Management 195

The Restaurant Group

SEPTEMBER 16, 2020

million employees (as of 2019), both of which have been especially hard hit by the necessary restrictions. This 2020 restaurant trend is likely related to a few things – a shift to working from home, a preference for foods that have not been prepared or touched by someone else, and wider availability of grocery delivery services.

Online Ordering 148

Online Ordering Delivery Point of Sale Customer Service 148

Restaurant365

JUNE 4, 2020

We have outlined answers to some frequently asked questions as it relates to the guidance currently in place: When does the 8 week forgiveness period begin? Hourly wages paid to tipped employees during the elected covered period are eligible to be included in wages for the purpose of payroll costs in loan forgiveness.

Blog 142

Blog Employee Relations Restaurant Law 2020 142

Restaurant365

SEPTEMBER 23, 2021

For instance, since restaurants primarily sell food and drink, inventory turns over at a very frequent rate, and sales are made up of a high number of transactions. Between inventory, sales, and other data points like labor, restaurants generate an enormous amount of data. What specific issues do restaurants face in accounting?

Cash Management 147

Cash Management Point of Sale POS Inventory 147

The Restaurant Times

SEPTEMBER 19, 2021

Time has never been better to open your food truck, and the most critical business step is investing in insurance. However, if you don’t have the correct insurance, your food truck might cost you thousands of dollars or perhaps your business in jeopardy in time of a mishap. . Food Truck Insurance Cost . Kind of Insurance.

Food Truck 52

Food Truck Insurance Food Transportation 52

Restaurant365

AUGUST 19, 2020

For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees. In addition, in the age of social media, your labor practices and HR policies are under closer scrutiny than ever by both your employees and the public. Design an employee onboarding process.

Restaurant Law 131

Restaurant Law Recruiting Employee Relations Food Safety 131

Restaurant365

OCTOBER 23, 2019

COGS totaled takes into account the ingredients that make up your food andbeverage sales, and related supplies (like napkins or coffee filters). It’s important to note that COGS doesn’t include one-time, non-inventory-related costs, like repairs for a broken oven, new barstools, restaurant decorations, or utility bills.

Point of Sale 74

Point of Sale Inventory Employee Relations Insurance 74

Lavu

NOVEMBER 8, 2019

Every foodservice operator has three fixed expenses: Restaurant Labor—The cost of all employees on the payroll in management, FOH, and BOH. Occupancy Expenses—These are the costs of existing in a brick and mortar location ( or food truck ), including rent, property taxes, and insurance. Commissions. Prime Cost.

Management 101

Management Management Food Truck Cash Management 101

Restaurant365

AUGUST 25, 2020

Too much inventory. Common fixed costs include: Rent, insurance, and property tax. Keep Inventory Low. If your restaurant sales are not covering your expenses or if you have extra inventory in your walk-in or dry-storage that just isn’t moving, it may be time to update your restaurant menu. High labor to sales ratio.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Restaurant365

OCTOBER 22, 2021

Typically, your total labor cost accounts for “fully burdened labor”, which includes your hourly and salaried wages, payroll taxes, benefits like health insurance or vacation days, bonuses, overtime, and more. An accurate CoGS relies on up-to-date numbers from your inventory management system. How to calculate net profit.

Point of Sale 78

Point of Sale Insurance Inventory Cash Management 78

Touch Bistro

AUGUST 11, 2021

hour for businesses with 4 or more employees. hour for businesses with 25 or fewer employees and $14.00 for businesses with 26 or more employees (several cities also have their own minimum wage laws). hour for businesses with 25 or fewer employees and $15.00/hour hour for employees not covered under FLSA).

2021 98

2021 Restaurant Law 2022 Employee Relations 98

Restaurant365

APRIL 20, 2022

These are taken by media (84%), insurance (83%), IT services (81%), telecom (78%), banking (75%), and retail (63%). You should take the time to make sure that employees are properly trained, and that you clarify your expectations on customer engagement, cleanliness, and ticket times. Or the food took unusually long to come out.

Loyalty Program 78

Loyalty Program Customer Service Customer Experience Employee Relations 78

Lavu

JANUARY 21, 2020

The system will help you track your labor and inventory costs, methods of payment, and other important information. . They include the cost of paying a mortgage or rent, permits, insurances, equipment costs, and certain operational expenses. Track Restaurant Inventory. They form the minority expenses of running a restaurant.

Point of Sale 78

Point of Sale Inventory Restaurant Law Front of House 78

Harbor Touch

NOVEMBER 21, 2022

Do your research Make sure you understand all the laws and regulations related to alcohol sales in your state. Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. There may be special licenses or permits you will need in order to open your bar.

Bar 78

Bar License Restaurant Law POS 78

Harbor Touch

NOVEMBER 21, 2022

Do your research Make sure you understand all the laws and regulations related to alcohol sales in your state. Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. There may be special licenses or permits you will need in order to open your bar.

Bar 78

Bar License Restaurant Law POS 78

Harbor Touch

NOVEMBER 21, 2022

Make sure you understand all the laws and regulations related to alcohol sales in your state. Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. There may be special licenses or permits you will need in order to open your bar.

Bar 78

Bar License Restaurant Law POS 78

Restaurant365

AUGUST 21, 2020

For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees. In addition, in the age of social media, your labor practices and HR policies are under closer scrutiny than ever by both your employees and the public. Design an employee onboarding process.

Blog 78

Blog Restaurant Law Recruiting Employee Relations 78

Restaurant365

APRIL 19, 2022

How to manage labor cost is a challenge that all restaurant operators face daily as many restaurant businesses are forced to offer more competitive wages, benefits to hourly employees and other concessions to attract more employees from the shrinking applicant pool. Total Labor Cost. Labor Cost Percentage. This is your labor variance.

Point of Sale 78

Point of Sale FOH Front of House Back of House 78

BNG Point of Sale

SEPTEMBER 2, 2021

This blog post will go over the typical restaurant overhead costs and expenses, including rent, utilities, labor wages for employees, licenses and permits, food cost percentages, and more. Operating expenses, which are not related to production, are overhead costs. Business insurance . What Are Overhead Costs And Expenses? .

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52

Restaurant365

MAY 14, 2021

As a store-level restaurant manager, you’re used to managing your inventory. You consistently track what’s going in and out of your kitchen so that you can better understand how your inventory is moving and where you can make improvements. Why you need to understand your restaurant’s P&L statement. Chart of Accounts.

Management 78

Management Management Point of Sale Inventory 78

The Restaurant Times

OCTOBER 30, 2021

From inventory to alcohol, and live music to TV installation, for every little operation, you need to think about whether it is allowed by the government or not. Restaurant Insurance. Besides the licenses, you also need to insure your restaurant. Opening a restaurant can be challenging.

License 52

License Insurance Certification Restaurant Law 52

Restaurant365

OCTOBER 14, 2020

Prime cost is made up of the cost of goods sold, or CoGS (the food and beverage inventory you purchase to make the menu items you sell) and your labor costs (the staff you need to run your business). Operating expenses also include fixed costs like your rent, utilities, or insurance. Understand Prime Cost. Calculate Net Income.

Point of Sale 78

Point of Sale Email Marketing Advertising Cash Management 78

SpotOn

MARCH 25, 2024

Licenses and permits  Every restaurant business has a lengthy list of licenses and insurance needed to open, serve your guests, and protect your business. This could include a business license, food service license, building and employee health permits, a music license , and a liquor license. 

License 52

License Insurance Point of Sale Equipment 52