Modern Restaurant Management

NOVEMBER 17, 2020

In order to push catering for this holiday season, restaurants can provide pricing incentives in order to attract more customers, offer a-la-carte options for holiday meals, and push out more marketing material showing their sanitary precautions when preparing food to ease consumer's worries. " Demand for Contactless.

2020 402

2020 Mobile Ordering Online Ordering Food Order 402

7 Shifts

JULY 16, 2021

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! Expected menu prices. Make this calculation using the following formula: BEP =Fixed Costs / (Sales Price Per Unit - Variable Costs). Business loan.

License 459

License Hiring Equipment Small Business 459

SpotOn

DECEMBER 30, 2024

This is all the income from your food and beverage sales, catering, branded merchandise, packaged goods, venue hire, etc. Your Cost of Goods Sold are your food and beverage costs along with the cost of any merchandise you sell. Pricing structures should be transparent with no hidden or junk fees. Labor costs. Overhead costs.

Operations 52

Operations Loyalty Program Online Ordering Fast Casual 52

Clover - Restaurants

AUGUST 23, 2024

One of the most effective ways to boost your business and generate additional revenue is by offering restaurant merchandise. From trendy accessories to gourmet muffin mixes, the right merchandise can turn your loyal diners into ambassadors, spreading the word about your eatery. Why offer restaurant merchandise?

Merchandise 52

Merchandise Email Marketing Social Media Loyalty Program 52

Touch Bistro

AUGUST 20, 2021

Did you know that implementing a restaurant loyalty program is one of the best ways to incentivize repeat business? In an industry that’s so closely tied to fluctuations in the economy and consumer behavior, restaurants depend on customer loyalty for survival. Benefits of a Restaurant Loyalty Program.

Loyalty Program 52

Loyalty Program Point of Sale Online Ordering Customer Experience 52

Cheetah

AUGUST 17, 2021

As restaurants continue to explore new revenue streams in an ever-changing environment, restaurant merchandise is stealing the limelight as an innovative, fun product that does wonders to your bottom line. It is estimated that over 25 billion dollars will be spent in 2021 on physical promotional merchandise. Reading Time: 4 minutes.

Merchandise 78

Merchandise Marketing Loyalty Program Cash Management 78

Indoor Media

MAY 3, 2021

You’ve done what you can to build out your social media platforms, and you’re starting to see some serious merchandise sales. A recent study found that most customers who return to restaurants to cash in on their loyalty programs prefer to be rewarded with free items. Moreover, they’ll devalue your brand.

Coupons 78

Coupons Advertising Loyalty Program Social Media 78

The Restaurant Times

JANUARY 26, 2023

Increase in Bluetooth incorporations that will minimize wifi hogging and internet costs Customer Loyalty Programs Loyalty programs, which offer incentives and individualized products and experiences, are essential to retaining and attracting customers.

POS 59

POS 2023 Loyalty Program Point of Sale 59

Notch

JANUARY 23, 2019

You can find the cheapest place to purchase food—but you can’t control the weather conditions, or gas prices that may cause food prices to rise. Monitor your menu Make sure you’re pricing your menu to maximize gains. At a minimum, your site should have your menu, prices, location, hours, and some photos of your food.

Email Marketing 72

Email Marketing Merchandise Website Management Point of Sale 72

Modern Restaurant Management

APRIL 1, 2025

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features dining trends, hiring trends, tech trends, brunch trends, alcohol trends, and egg prices. Nearly half (47 percent) of diners say they engage with loyalty programs at least once a week, up significantly from just 34 percent in 2023.

Pricing 251

Pricing Technology 2025 Point of Sale 251

Squirrel Systems

MAY 17, 2024

This could include offering catering services, launching a food truck, or selling branded merchandise. Pricing Strategy : Develop a pricing strategy that reflects your value while remaining competitive. Regularly review and adjust prices based on cost changes, guest feedback, and market conditions.

Operations 52

Operations Loyalty Program Cash Management Point of Sale 52

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. Shop around for the best ingredient prices without sacrificing quality.

Point of Sale 78

Point of Sale Seasonal Menu Customer Service Inventory 78

BNG Point of Sale

AUGUST 27, 2021

The price of a full rack of ribs with side dishes ranges from $15 to $20. An event for 50 people can bring in $500 based on an average sales price of $10 per serving. Calculate your predicted sales based on unit price to establish your daily earning potential. Build a loyalty or reward system . Daily earnings .

Point of Sale 52

Point of Sale Loyalty Program Merchandise Customer Service 52

Notch

FEBRUARY 26, 2019

Create a restaurant loyalty program Focus on improving customer service Collect diner emails and use email marketing Remember that the guest experience plays a huge impact on whether a guest returns after their first visit! Strategy #1: Adjust your prices Start by examining your menu pricing. Try some of these tactics.

Management 71

Management Management Loyalty Program Email Marketing 71

Notch

JANUARY 23, 2019

You can find the cheapest place to purchase food—but you can’t control the weather conditions, or gas prices that may cause food prices to rise. Monitor your menu Make sure you’re pricing your menu to maximize gains. At a minimum, your site should have your menu, prices, location, hours, and some photos of your food.

Email Marketing 52

Email Marketing Merchandise Website Management Point of Sale 52

Touch Bistro

JULY 15, 2021

Step 2: Position your brand within the market by determining how your price, product, promotion, and place compare to other restaurants in your area. Loyalty Marketing. A loyalty program can actually increase your sales by up to 30%. . Create a restaurant reward program as a way to incentivize return business.

Marketing 77

Marketing 2021 Email Marketing Social Media 77

The Restaurant Times

DECEMBER 22, 2021

Even billboards continue to attract diners, but how can you attract and capture the next generation’s attention and loyalty? A steady increase in the number of customers and order frequencies meant a steady increase in the GMV (gross merchandise value) of restaurants. . The pricing increases with added features. . Conclusion.

License 52

License POS Loyalty Program Point of Sale 52

BNG Point of Sale

OCTOBER 8, 2021

A similar tool not only rings up merchandise, it improves sales, service, and the way your business functions. In addition to chip cards and credit cards, they also process ACH payments at a lower price than credit card fees. Additionally, it logs cash payments and honors gift cards and loyalty deals which aid customer conversion.

Retail 52

Retail POS Mobile Ordering Cash Management 52

RGU

JANUARY 20, 2020

Rewards and loyalty programs are being retooled to drive personalized offers and promotions to acquire and retain customers. Its stock price rose by more than 17 percent on that news, and Uber’s stock price saw a slight uptick. Aggregators have their own issues to address.

Mobile Ordering 52

Mobile Ordering Loyalty Program Food Supply Retail 52

Touch Bistro

MAY 14, 2021

You can run a contest like this on a regular basis at a price point that doesn’t break your bank account – for example, once a month for $15 a pop. If you have a restaurant reward program like TouchBistro Loyalty , you can seamlessly request and collect reviews directly through your Customer Web App or by sending targeted email campaigns.

Social Media 52

Social Media Email Marketing Merchandise Loyalty Program 52

SpotOn

MAY 15, 2024

Tempt dads with loyalty discounts from return visits Let's say a family steps into your restaurant for Father's Day and is eager to try the food for the first time. When you have a well-structured loyalty rewards program , you give Dad an extra incentive to check back into your restaurant for another bite.

2024 52

2024 Social Media Loyalty Program Seasonal Menu 52

Notch

FEBRUARY 26, 2019

Create a restaurant loyalty program Focus on improving customer service Collect diner emails and use email marketing Remember that the guest experience plays a huge impact on whether a guest returns after their first visit! Strategy #1: Adjust your prices Start by examining your menu pricing. Try some of these tactics.

Management 52

Management Management Loyalty Program Email Marketing 52

BNG Point of Sale

JUNE 29, 2021

Pricing Food in the Restaurant Business. You will gain a deeper understanding of food costs and pricing methods to ensure you maintain a profitable restaurant. . How to Set Your Menu Pricing. Keep in mind that your prices shouldn’t maximize profit over all other considerations. Tasty profits! The CoGS Margin Model.

Customer Service 52

Customer Service POS Point of Sale Food Order 52

Apicbase

OCTOBER 14, 2022

This number reflects the unit’s total food, beverage, and merchandise sales through all the different revenue streams. Create an upselling program. Adjust your pricing. So measuring the franchisee turnover rate can show if your franchise strategy, concept, and support program are working. What is revenue? Profitability.

Franchise 52

Franchise Franchising Online Ordering Loyalty Program 52

BNG Point of Sale

AUGUST 27, 2021

It is also not an easy one–regardless of the restaurant size and business model–with plenty of competition to contend with while trying to stay on top in terms of the quality food it serves and its prices. Optimize your menu pricing . Today, profit margins have shrunk to between 4% and 7%. .

Point of Sale 52

Point of Sale Customer Service Social Media Online Ordering 52

Apicbase

MARCH 17, 2023

Restaurant technology platforms also help you manage customer relationships and track customer behaviour, so you can easily customise offers and promotions to increase customer satisfaction and loyalty. When you’re trying to build loyalty with your customers, you want them to have a consistent experience every time they visit.

Customer Experience 52

Customer Experience Consumer Goods Customer Service Food Supply 52

Mad Mobile

MARCH 1, 2024

Dynamic pricing strategies Most restaurants and bars use digital menus because of their flexibility. Restaurant tablets and kiosks allow for dynamic pricing that changes based on your needs. If your chef is running an in-demand special, you can easily adjust the price or remove it from the menu when it’s sold out.

Seasonal Menu 40

Seasonal Menu POS Customer Experience Loyalty Program 40

BNG Point of Sale

JULY 16, 2021

For example: merchandising at your location or online sales of food items; consumer packaged goods such as dinnerware, cookbooks, aprons; phone orders where you take credit card information on-site to charge later when the delivery arrives. What Is Restaurant Revenue? Average Restaurant Revenue for a Second Location.

Point of Sale 52

Point of Sale Seasonal Menu Customer Service Cash Management 52

Gourmet Marketing

SEPTEMBER 23, 2021

Establish a loyalty program to offer your customers rewards. A loyalty program is a fantastic way to get your customers to come back again and again. There are a number of ways to approach a loyalty program and how it works will ultimately depend on your personal preferences. In-restaurant ideas.

Marketing 61

Marketing 2021 Social Media Website Management 61

Apicbase

JUNE 16, 2023

COGS help you determine if you’re pricing your menu items correctly based on the purchase price of the ingredients. It tells you if you’re pricing an item correctly and whether it will be profitable or not. This metric also helps you manage inventory more effectively and ensure you’re pricing menu items correctly.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

24/7 Waiter

MAY 5, 2017

If you treat the customers well, have great food, and fair prices, you will find that you can do well and build a loyal following. Create a Loyalty Program. If you would like to get more people to keep coming back to your food truck, starting a loyalty program is a perfect way to do it. You Still Need a Website.

Food Truck 28

Food Truck Marketing Management Management 28

Modern Restaurant Management

JULY 27, 2020

Citing the immediate spike in demand for meal delivery services since the pandemic started, The Local Culinary’s new low-risk, low-cost, easy-to-implement program has been in development for the past two months. The new franchise program is now available nationwide. Franklin Junction Expands Grubhub Partnership.

Franchise 443

Franchise Franchising Mobile Ordering Kitchen Safety 443

BNG Point of Sale

JUNE 16, 2021

Create special order combinations for large groups or full meals that include appetizers and dessert at a slightly lower price than usual. This helps improve customer loyalty and adds to your profit. Gain Repeat Customers with Strong Food Service and Customer Loyalty Programs. Upsell with Store Merchandise.

Social Media 52

Social Media Online Ordering Loyalty Program Merchandise 52

Modern Restaurant Management

FEBRUARY 19, 2020

In addition, Taco John’s is rolling out a systemwide remodel program to match its updated branding, driving its popularity among young consumers. This year, the brand is introducing several menu items that aim to further position the brand as the first choice among Mexican quick-service brands. ” I Heart Mac & Cheese App.

Franchise 305

Franchise Franchising Fast Casual Point of Sale 305

7 Shifts

MARCH 30, 2022

Price changes, new items, new deals, new hours - all of it can be adjusted as your restaurant grows. Restaurant merchandise allows your brand to be given as a gift - either to or on behalf of some of your restaurant's biggest fans. For example, Cambridge Brewing Company often hosts giveaways for free beer and merchandise on Instagram.

Advertising 370

Advertising 2022 Social Media Email Marketing 370

Modern Restaurant Management

JULY 1, 2021

Price sensitivity has increased, as have concerns over the economy and our own personal finances. Consistently, a growing number of respondents believe restaurant prices are higher, moving from 34 percent in November 2020, to 35 percent in February 2021, to 46 percent in May. percent increases. Paytronix Systems, Inc.,

2021 386

2021 Loyalty Program Mobile Ordering Consumer Goods 386

Modern Restaurant Management

MARCH 4, 2025

Data Gaps Hinder Pricing Strategies : 73 percent of operators lack full confidence in their pricing strategy, with most relying on gut instinct or competitor pricing instead of real-time cost analysis. In fact, 80 businesses on the list are priced under 30 dollars per person.

2025 221

2025 Delivery 2024 Point of Sale 221