7 Shifts

SEPTEMBER 16, 2024

Other possible reasons include wanting to retire or find new business ventures. No matter the cause, selling a restaurant requires careful preparation and strategy to ensure you get the best price and attract the right buyer. If your business is priced too high, buyers may overlook it.

2024 195

2024 Document Point of Sale Cash Management 195

7 Shifts

AUGUST 18, 2024

New Bar Options You'll need to decide on the exact business structure. However, it can be expensive and you may not have as much control over the business. This could be a good choice if you find a business that is already established and has a loyal customer base. An alternative is to buy an existing bar that is up for sale.

Bar 370

Bar License Email Marketing Customer Service 370

Cheetah

FEBRUARY 9, 2021

While large foodservice suppliers are maximizing revenue by accurately forecasting demand and supply needs, small businesses are still anxious about making a move. Many manufacturers, suppliers, and local restaurants are worried about the cost or difficulty of introducing demand planning into their business. Table of Contents.

Small Business 78

Small Business Supplies Food Supply Technology 78

Restaurant365

SEPTEMBER 10, 2021

However, in between all these tasks, it is critical to devote time and energy into accurate and consistent inventory management. Inventory management tracks what’s going in and out of your restaurant for a specific period, and what product is in your restaurant at any given time. Let’s dive into some helpful tips.

Inventory 138

Inventory Management Management Point of Sale 138

Modern Restaurant Management

MARCH 21, 2024

It also ended with continued economic growth and low unemployment, making it a profitable, yet challenging year for small businesses in the food service industry. As we head into 2024, all eyes are on the Federal Reserve as interest rates hold the key to employment and the consumer spending fueling the small business economy.

2024 180

2024 2023 Small Business Food Truck 180

Modern Restaurant Management

JANUARY 31, 2024

Despite challenges including inventory costs, commission fees and staff turnover, many restaurant owners are expressing optimism about moving forward, according to TouchBistro’s 2024 State of Restaurants Report. What can restaurant operators do to better handle inventory and labor challenges?

2024 203

2024 Online Ordering Website Management 2023 203

Open for Business

SEPTEMBER 2, 2024

It’s an all-important metric that influences everything from menu pricing to operational decisions and beyond. Analyze which items are most popular and profitable, then place and price dishes to encourage higher-margin sales. Control food costs Small changes in food costs can significantly impact the revenue you bring in.

Point of Sale 78

Point of Sale Seasonal Menu Customer Service Inventory 78

7 Shifts

JULY 21, 2020

Shelter-in-place orders, social distancing, and business closures make it next to impossible to generate pre-coronavirus revenue numbers. From small business loans to microgrants to business credit cards, cash is available; it just takes a bit of application work and a little know-how. And no money means mo' problems.

Cash Management 300

Cash Management Government Small Business Healthcare 300

Izettle

MARCH 11, 2021

Inventory management is a way for business owners to track the products or goods that they’re going to sell – from sourcing raw materials to storing and selling items in a store. Why is inventory management important? Reliable inventory management can be one of the most valuable assets for a small business.

Inventory 52

Inventory Management Management Point of Sale 52

ChowNow

AUGUST 19, 2024

This is split up between cash inflow—money that your business is taking in—and cash outflow—money that you spend on operating costs. In addition to letting you maintain daily operations, positive cash flow sets your business up for success or sustainability in multiple ways.

Cash Management 78

Cash Management Management Management Inventory 78

Modern Restaurant Management

MAY 2, 2022

Soaring prices, continued supply chain disruptions, and ongoing staffing shortages are creating a perfect storm for restaurants. With prices skyrocketing, restaurants should focus on eliminating food waste. Make small changes. Small changes add up over time. To maximize your existing resources: Reduce food waste.

Food Safety 218

Food Safety Food Supply Waste Sustainability 218

Culinary Cues

DECEMBER 17, 2020

There are a number of reasons why restaurants fail – some are predictable and avoidable, while others can catch a business off guard. They just can’t survive the pain of lost business for months on end. A reduction in restaurant business leads to crop waste, unplanted land, and serious cash flow problems for farmers.

Uniforms 471

Uniforms Cash Management Brewery Consumer Goods 471

Lavu

DECEMBER 20, 2019

Catered specifically to those in the restaurant industry as well as to emerging small businesses, Sourcery has the specialized ordering and inventory receipt capabilities that Bill.com lacks. Bill.com Reviews and Pricing. Pricing plans range from $29 to $59 per month per user, with the latter their most popular plan.

Pricing 78

Pricing Online Ordering Small Business Customer Service 78

Izettle

NOVEMBER 15, 2021

More people than ever are shopping online, which means business owners everywhere are scrambling to keep up. But as any small business owner knows, adding new e-commerce channels also means adding new challenges to your day to day – and they usually revolve around inventory. Your inventory is a living thing.

Inventory 52

Inventory Management Management Point of Sale 52

Modern Restaurant Management

NOVEMBER 11, 2021

In order to reduce cost, waste, and optimize inventory, the process begins with planning and forecasting. Connecting your financial, transaction, and restaurant inventory management systems enables you to optimize production and better control cost variance proactively. Planning and Forecasting.

Supplies 218

Supplies Management Management Food Supply 218

Cheetah

JUNE 21, 2021

Today’s economy is driven by consumer demand, which means that staying informed about the forces driving the food industry is leverage, especially for small and medium-sized restaurants. We are the only distributor with transparent prices. By showing our prices publicly on our app, every customer pays the same price.

Food Supply 147

Food Supply Supplies Food Transportation 147

Culinary Cues

MARCH 3, 2021

Down the street – a cadre of small independent restaurants with smaller staff requirements and tasty rustic menus would have been profitable except rents on their space had gone through the roof ever since this high end, 8-course menu, mecca restaurant opened its doors. ” -Danny Meyer – Union Square Hospitality. Magazine: [link].

Dine-in 421

Dine-in Small Business Seasonal Menu Café 421

Modern Restaurant Management

MAY 19, 2022

The prices of goods and services have increased 8.5 Rebounding demand, supply chain issues, and labor shortages are mostly to blame for driving prices to an all-time high. By making small tweaks to the placement of these items in your menu, you can make significant increases to your bottom line. Take Advantage of QR Codes.

Waste 187

Waste Food Supply Point of Sale Inventory 187

Culinary Cues

OCTOBER 19, 2023

Human beings only use a small portion of their brain’s capacity – why is this so? Share much of your financial performance with your employees so they understand the challenges of running the business and how they might help to keep costs in line. Whether a public display of pride was evident – you were beaming inside.

Training 373

Training Seasonal Menu Back of House Leadership 373

Modern Restaurant Management

JANUARY 9, 2023

Restaurant operators are “braced for potential challenges” this year, according to the latest National Restaurant Association Business Conditions survey Currently, 50 percent of operators across the U.S. The majority of small and midsize U.S. The majority of small and midsize U.S. economy enters a recession.

2023 141

2023 Employee Relations Food Supply Small Business 141

7 Shifts

APRIL 3, 2020

So here’s the question a lot of restaurateurs are asking: how do you start drastically cutting expenses to give your business the best chance of recovery? Pro tip: Look at implementing an inventory tracking system like Xtra Chef —it might be a new cost, but it will pay for itself in better food costing.

BOH 368

BOH POS Influencer Point of Sale 368

7 Shifts

OCTOBER 31, 2022

A restaurant business plan is one of the most (if not the most) essential elements in getting a new restaurant off the ground. There are a few reasons for this: A business plan is typically the first thing any lender or investor will want to look at. What is a Restaurant Business Plan? Restaurant Business Plan Sample Outline.

Point of Sale 397

Point of Sale Back of House Document Download 397

7 Shifts

AUGUST 29, 2019

Menu Pricing and 2. They’re wildly popular and highly profitable for your business. Consider marginally lowering the price on these items to increase popularity without decreasing overall profitability. If you feel that removing the dog from your menu would be a bad thing for your business, leave it on there. What to do?

Menu 279

Menu Point of Sale Website Management Online Ordering 279

7 Shifts

MAY 23, 2024

The restaurant business is one of the most competitive industries, and this shows in the fact that only 20% of restaurants succeed in the market. 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.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Cash Management 221

Cheetah

JUNE 18, 2021

The problem with today’s major wholesale food distributors is their monopolistic power – and small restaurants’ lack thereof. Finding an honest wholesale supplier in this environment has become a challenge, especially for small to medium restaurants. But it just may be part of the supplier’s business tactic.

Small Business 130

Small Business Customer Service Pricing Waste 130

7 Shifts

DECEMBER 18, 2019

Why you should invest in restaurant lunch specials Increasing lunch sales is a no-brainer in the restaurant business. Basically, the busier you make your lunch business, the sooner you start making money.” Make your meals to go Whether you’re a college goer or settled into a career, life is busy. Sounds good, doesn’t it?

Specials 362

Specials Food Truck Seasonal Menu Social Media 362

ChowNow

JULY 1, 2024

With inflation driving up the prices of ingredients, utilities, and labor, it’s become increasingly difficult to maintain profitability. Implementing cost-saving measures not only helps in sustaining business operations but also ensures long-term success by improving financial stability and resilience.

Operations 78

Operations Food Website Management Online Ordering 78

7 Shifts

JULY 16, 2021

Write a Coffee Shop Business Plan. This step and research component is the foundation behind your business, and should be taken seriously! You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! Animal Cafe.

License 459

License Hiring Equipment Small Business 459

Sling

APRIL 1, 2024

If your team members perform any type of work offsite or if your business manages two or more locations, field service management software can help keep your operation organized, running smoothly, and on the path to success. Other apps will prioritize user-friendliness and be geared toward smaller businesses.

2024 78

2024 Management Management Customer Service 78

ChefMod

OCTOBER 20, 2021

While the catering industry is on the mend, it’s essential that you ready and steady your business for the coming year. Here are some bulletproof ways to streamline operations in a catering business to cope with changing market dynamics. If a customer cancels, your system can automatically update and adjust the inventory amount.

Catering 52

Catering 2022 Pricing Food Supply 52

ChowNow

JULY 10, 2024

For starters, it’s essential to start off with a well-structured and intentional restaurant business plan. It can be hard to know where to start, so we created a clear step-by-step guide to writing a small business plan for your restaurant. This will help give a clear picture of how the business will work.

Point of Sale 88

Point of Sale Email Marketing License Customer Service 88

Modern Restaurant Management

FEBRUARY 4, 2022

Restaurants will also explore delivery options beyond costly third-party partnerships, and hike delivery menu prices to make the channel more lucrative as off-premise demand holds steady. A short menu can slim down the food costs through streamlined inventory management, as well as reduced food waste. Simplified Menus.

2022 218

2022 Customer Service Online Ordering Website Management 218

Embrace the Suck

DECEMBER 25, 2019

Having worked as a consultant for a large foodservice distributor for 4 years, I learned a lot about their business. It’s my duty to give you an edge that can help you run a more profitable business. One thing you have to know up front is that their business is a lot like yours: uber-competitive!

Food Truck 296

Food Truck Food Audits Tip Distribution 296

Clover - Restaurants

SEPTEMBER 19, 2024

Whether your business is a regular destination for the happy hour set or you’re just thinking about your menu design, embracing new ideas can keep regulars coming back and help grow your business. It’s good to shake things up If you’re in the business of making drinks, you already know the value of a good shake up.

Bar 52

Bar Menu Back of House Customer Experience 52

Modern Restaurant Management

JANUARY 8, 2024

This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits. The future of restaurant businesses will likely involve a hybrid approach, combining the efficiency of technology with the warmth and personal touch of human service.

2024 215

2024 Loyalty Program Cash Management Customer Experience 215

Modern Restaurant Management

SEPTEMBER 7, 2023

The Initial Purchase/Capital Costs The most you’ll spend on your ice machine at one time will be the purchase price, which ranges from $5,000-$10,000 for the most popular models. Most business owners believe that the purchase price represents 80% of ice machine ownership costs. You’ll pay for both.

Equipment 189

Equipment Customer Service Small Business Point of Sale 189

Modern Restaurant Management

OCTOBER 26, 2022

In fact, credit card processing fees rank as the third highest cost of doing business behind the cost of food and labor. Credit card acceptance is an essential part of doing business today as more consumers move toward cashless forms of payment. business owners an added $1.2 According to a PYMNTS survey of 3,250 U.S.

Consumer Goods 179

Consumer Goods Restaurant Law Customer Service Audits 179