Modern Restaurant Management

JANUARY 31, 2025

Strong consumer interest in prepared foods, commissary and beverage options has led convenience stores, often referred to as c-stores, to compete much more aggressively with quick service restaurants and fast-food chains. An analysis of insurance claims processed in 2024 compared to 2023 shows a 4.4 percent decrease in claims.

Marketing 221

Marketing Loyalty Program 2025 2024 221

7 Shifts

MAY 1, 2024

On the other hand, non-current assets (also referred to as long-term assets) are those that cannot be readily converted to cash. In fact, approximately 47% of restaurant owners say they would repair or update their equipment if only they had any extra money on hand. If not, your lease payments should be reflected here.

Cash Management 221

Cash Management Inventory Employee Relations Beverage 221

7 Shifts

AUGUST 7, 2024

This is commonly referred to as a percentage. Here's a breakdown: Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums. Food–along with labor, utilities, kitchen equipment, and finding the right pos system–is one of the biggest costs you're going to grapple with running a restaurant today.

Food 370

Food Seasonal Menu Inventory Pricing 370

Restaurant365

JANUARY 5, 2021

The Act also redefines payroll costs to specifically include group insurance payments made on group life, disability, vision and dental insurance. payment for software and cloud services), perishable goods, and worker protective equipment. This would cover insurance plans such as vision, dental, disability and life insurance.

Insurance 148

Insurance Small Business Employee Relations 2021 148

7 Shifts

MAY 23, 2024

Your restaurant expenses may vary depending on various factors, such as the equipment you use, your business location, the size of your operation, and whether you own or rent your commercial space. Your fixed costs, for instance, stay almost the same monthly and yearly, like your insurance and rent/lease payments.

Point of Sale 221

Point of Sale Food Supply Seasonal Menu Cash Management 221

7 Shifts

JUNE 4, 2021

To get your restaurant's break-even point, you'll need the following: Total fixed costs, like rent, salaries, and insurance. Prime cost doesn't include equipment, utilities, marketing, or any other costs unrelated to creating what you sell to guests. How to calculate your break-even point. Total sales , from your POS. Prime Costs.

Point of Sale 416

Point of Sale Inventory Employee Relations Customer Service 416

Harbor Touch

APRIL 17, 2018

If you purchase equipment, like a restaurant POS system , for example, it may be eligible for depreciation deductions. A permanent tax deduction is now available for equipment for small business under Section 179. They also may require a separate filing and collection, so be sure your records are accurate. Expensing Asset Purchases.

Employee Relations 97

Employee Relations Insurance Point of Sale Cash Management 97

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. Alcohol and Tobacco Tax and Trade Bureau Usually referred to as the TTB, this agency regulates businesses selling alcohol.

Bar 221

Bar License Food Supply Restaurant Law 221

Perfect Daily Grind

SEPTEMBER 22, 2022

The price includes what the farmer was paid, plus in-country coffee production expenses such as milling, warehousing, transportation costs, insurance, customs, and other intermediary fees. For reference, the 2021 SCTG states that the median global FOB price in the same year for an 87-point coffee was US $3.70/lb, and US $38.99.

Pricing 184

Pricing Retail Supplies Point of Sale 184

Sling

JUNE 9, 2023

The term “restaurant costs” is generally used to describe one-time expenditures on material resources — such as food, liquor, dishes, equipment, and software — that keep the business running. These are also referred to as direct costs. It includes things like electricity, mortgage payments, natural gas, insurance, and supplies.

Operations 78

Operations Inventory Food Supply Point of Sale 78

Sling

OCTOBER 31, 2022

What insurance is necessary? What type of equipment will you need? Each has a different focus, pulls in a different clientele, and requires different equipment. 8) Purchase insurance. That’s what business insurance is for. Speak with an insurance consultant, and find a plan that can help you protect your gym.

Insurance 78

Insurance Website Management Equipment Advertising 78

Sling

AUGUST 8, 2024

To that end, be sure to address topics such as: Mission statement Advertising Price structure Employee concerns Accounting practices Budget Marketing Equipment needs Keep in mind that your business plan is a living document. If the process seems daunting, divide it into three categories and tackle them individually.

Events 78

Events License Hiring Website Management 78

Sling

MARCH 26, 2022

Things like health insurance, life insurance, a 401k, and other fringe benefits can help motivate your employees to stay with your business longer. Note: They use “departures” (or “separations”) to refer to the total number of employees who have left or been fired. 19) Equip Your Team With The Right Tools.

Small Business 148

Small Business Employee Relations Leadership Tip Distribution 148

Modern Restaurant Management

JUNE 28, 2024

car finance, fuel, insurance, etc.) (22 That being said, consumers are certainly looking at how best to stretch their dollar, as seven in ten (69 percent) diners report higher meal prices, and four in ten (39 percent) notice their favorite dishes are shrinking in size—a phenomenon commonly referred to as 'shrinkflation.'

2024 294

2024 Mobile Ordering White Paper Customer Service 294

Restaurant365

MAY 14, 2021

“P&L” refers to the profit and loss statement, a common type of financial report for businesses. Occupancy expenses are the fixed costs of your physical location, such as rent, property taxes, and property insurance. Expenses in the above formula refers to both prime cost and all other fixed operating expenses.

Management 78

Management Management Point of Sale Inventory 78

Sling

JUNE 24, 2022

It’s also a good idea to store industry-specific information, including: Proof of age (for selling and serving cigarettes and alcohol) Bartending licenses Commercial drivers license (CDL) certifications Heavy equipment operation permits Human resources certification (e.g., PHR, SPHR, SHRM ) Project management certifications (e.g.,

Document 78

Document Certification Employee Relations Restaurant Law 78

MBB Hospitality

APRIL 14, 2023

Securing Permits and Insurance If you want to know how to start a small restaurant, you’ll want to be aware of the paperwork that is involved. This includes the necessary permits and insurance that need to be in place. You want to make sure that your restaurant is covered by liability insurance.

License 52

License Food Supply Insurance Small Business 52

Sling

JANUARY 13, 2021

The “gig” in gig economy does not refer to the gigabyte (a unit of data storage), nor does it refer to the jig (a lively dance with leaping movements or a device that holds a piece of work and guides the tools operating on it). utilities, maintenance, equipment, supplies, etc.) low and under control. 3) Minimal Training.

Mobile Ordering 78

Mobile Ordering Small Business Hiring Training 78

BNG Point of Sale

SEPTEMBER 2, 2021

Overhead costs refer to ongoing expenses such as advertising, utilities, and rent which make running an eatery possible in addition to raw materials and food for goods production. . The costs in this budget include the rent payments, the salaries, insurance, property taxes, and everything else. Equipment repairs . Salaries .

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52

Sling

OCTOBER 4, 2019

When you understand the way your market functions, you’ll be better equipped to find the best price point for your food. It’s in your best interest to use the market as a reference but to set your prices according to what’s best for your business. What are other restaurants charging for menu items that compare to your offerings?

Pricing 60

Pricing Menu Insurance Management 60

Open for Business

JUNE 15, 2023

Employees with a strong sense of empathy will be better equipped to succeed at their jobs, whether they’re dealing with fellow team members or restaurant guests. Offering health insurance to your team can be a challenge, but overlooking this benefit could end up costing you more if top talent moves on. Credit: Getty Images.

Hospitality 78

Hospitality Loyalty Program Communication Training 78

Sling

JANUARY 10, 2023

2) Set up the new employee’s personal space and equipment It’s also critical to give yourself enough time to prepare your new employee’s personal space and equipment before they arrive. But if you manage an office, you may need several days, or even a week, to prepare everything your new employee needs.

Employee Relations 78

Employee Relations Hiring Small Business Communication 78

Restaurant Engine

APRIL 14, 2021

For example, a trailer may have lower startup costs and lower insurance rates. You can also talk to local food truck owners in your city to see if they have any references for you. References are vital to helping you find just the right builder. This may depend on your budget and your needs. tweet this). Ask About the Warranty.

Food Truck 59

Food Truck Food Customer Experience Mobile Ordering 59

BNG Point of Sale

JANUARY 3, 2022

It covers things like equipment and software for accepting payments from customers, third-party fees associated with the payment process, and why it exists in the first place. . The fee helps the bank maintain PCI-compliance standards: PCI refers to the Payment Card Industry. What Do You Mean By Transaction?

Customer Service 52

Customer Service Retail Equipment Insurance 52

BNG Point of Sale

JANUARY 3, 2022

It covers things like equipment and software for accepting payments from customers, third-party fees associated with the payment process, and why it exists in the first place. . The fee helps the bank maintain PCI-compliance standards: PCI refers to the Payment Card Industry. What Do You Mean By Transaction?

Customer Service 52

Customer Service Retail Equipment Insurance 52

The Restaurant Times

AUGUST 5, 2022

COGS refers to the total expenses and costs that are involved in the production of goods in a business. This includes the rent, property insurance, property taxes, and other utilities. . It includes things like laundry, marketing costs, equipment repairs, advertising costs, flatware, or even napkins! Cost of Goods Sold (COGS)

Cash Management 52

Cash Management Point of Sale Inventory Employee Relations 52

BNG Point of Sale

AUGUST 27, 2021

Your net profit is the amount leftover from the gross profit after you deduct operating expenses like payroll, rent, utility bills, ingredients, and equipment leasing costs. This number is helpful to measure restaurant efficiency, but it does not consider all your operating expenses. . Net profit . Sales revenue . Expenses .

Point of Sale 52

Point of Sale Customer Service Social Media Online Ordering 52

Open for Business

DECEMBER 12, 2023

The group of people that ended up funding his business wasn’t what he initially expected it to be, but those people referred him to other people and that process, repeated many times, landed him with the capital he needed to start Souvla. For Charles, outside of friends and family, all of his investors came from networking.

Back of House 78

Back of House Restaurant Law Small Business Email Marketing 78

7 Shifts

NOVEMBER 8, 2023

Legal and other matters referred to in this article are based on 7shifts' interpretation of laws existing at the time and should not be relied on in place of professional legal advice. The Occupational Safety and Health Administration (OSHA) is responsible for regulating workplace safety and protecting employees.

Restaurant Law 221

Restaurant Law Food Safety Employee Relations Article 221

Harbor Touch

OCTOBER 3, 2022

You may also want to consider giving them insurance or a dental plan. Personal Protective Equipment Another reason many people arent interested in working in the food and hospitality sector is viruses and diseases. You should, for this reason, encourage staff and customers to wear masks and other personal protective equipment.

Social Media 78

Social Media Equipment Hospitality Hiring 78

Harbor Touch

OCTOBER 3, 2022

You may also want to consider giving them insurance or a dental plan. Personal Protective Equipment Another reason many people arent interested in working in the food and hospitality sector is viruses and diseases. You should, for this reason, encourage staff and customers to wear masks and other personal protective equipment.

Social Media 78

Social Media Equipment Hospitality Hiring 78

Harbor Touch

OCTOBER 3, 2022

You may also want to consider giving them insurance or a dental plan. Personal Protective Equipment. You should, for this reason, encourage staff and customers to wear masks and other personal protective equipment. Make sure that you also reference check them, too. Offering Bonuses. Flexible Work.

Social Media 78

Social Media Café Equipment Hospitality 78

EATER

AUGUST 22, 2022

Game of Thrones was the first of these, based on foraging for food references within George R.R. Regan describes the swampy work of stabbing at things in the dark, equipped with a headlamp and flashlight to stun the frogs in the tall grasses: “Indiana bullfrogs taste as if a crab and a chicken had a baby: juicy, sticky, fleshy.

Fine Dining 261

Fine Dining 2012 Reference Social Media 261

EATER

AUGUST 30, 2021

If you are a Jimmy Buffett fan, you probably already get the reference (if not, look up the lyrics to “Margaritaville”). The entire resort is like if Ready Player One was only Jimmy Buffett references. I kept referring to being in Manhattan as “being on island time.” I switched to wine, but I was still many strong drinks in.

Bar 363

Bar License Take-out Food Order 363