This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the dismal March restaurant sales, security, loyalty, trends and teen consumer behaviors. March Sales Decline. Same-store sales for restaurants dropped by 28.3 Same-store sales for restaurants dropped by 28.3 percent in March.
Ah…now is the time for everyone to start speculating about what the restaurant business will look like when all of this craziness is over. Let’s start with what we are fairly comfortable saying: whatever “normal” is will likely not make an appearance until the end of 2021 – so…let’s begin our speculation with January of 2022 to be safe.
In a competitive market, these staples serve as a point of differentiation, setting one QSR apart from another and creating a loyal customer base that keeps coming back for more. Strategic promotions enable QSRs to generate excitement and drive sales around customer favorites. In the $387.5
Our natural inclination is to start with product with sales and marketing, listing out the features and why our thing is all that. If you think about it, most innovations that we know of came about from problem solving, finding the process that takes away pain points and reduces friction. Innovation Through Service.
One of the best things to do is to find additional revenue streams to supplement your core food and beverage sales. For example, you can take orders from your socialmedia profiles, like Facebook and Instagram, using a form or direct message. In fact, only 27% of restaurant owners expect to be more profitable this year.
But after attaining the niche cool factor via podcast ads, chic shoppy shops , and food media raves, these brands have one unlikely destination in common: the grocery aisles at Walmart. In 2023 alone, Walmart sold more than $264 billion in groceries, more than double the sales of its two closest competitors combined.
We're all here for it! Coffee shops can be so much more than a place to grab a cup of joe and a croissant. They are places where friends and family gather, where ideas are formed and spread, and where important work gets done. At their best, they're an essential part of their community—a third place beyond work and the home. Table of Contents.
Due to the volatile situation caused by COVID-19, restaurateurs across the globe are having to temporarily close their businesses to support social distancing. Consider things like merchandisesales, inventory sales, or private cooking lessons. Social Distancing” and “Flatten the Curve” are more than buzz words of 2020.
Cafes and coffee shops across the world are discovering the power of socialmedia. Since coffee shops need the in-person presence of customers to increase sales, they must develop a strong online presence to woo people and keep them coming back! Top Ways Coffee Shops Can Leverage SocialMedia.
With the acquisition of Johnny Rockets, FAT Brands will have more than 700 franchised and company owned restaurants around the globe with annual system-wide sales exceeding $700 million. The Main Course. "We always viewed a podcast as a natural extension of the MRM brand," said Executive Editor Barbara Castiglia. "When Brands Inc.
Since its inception in mid-March, more than 500 restaurants around the world have joined the program and are reporting sales ranging from several thousand dollars to up to $60,000. The company is exploring collaborations with corporate partners and charities, as well as merchandisesales, to keep its mission alive. "When
Extra points for loyalty customers, or a double discount when they order online. Mix online and offline deals, to encourage awareness of online sales. Move the merchandise – the t-shirts that haven’t sold, offered at a crazy price. Singles Day Restaurant Marketing – 11 November.
One example is Chick-Fil-A’s rewards program (Signature Tier) that allows members to utilize their points by giving gifts to friends and family. They can gamify competitions and incentivize socialmedia shares. Restaurants, retailers and airlines have been using loyalty programs to drive revenue for nearly three centuries.
As a company, it’s a shitty feeling when people are getting ripped off because they think they’re buying your merchandise.”. With e-commerce sales set to pass $1 trillion this year , there’s more than enough financial incentive to attract less-than-scrupulous types. Call me back. I’m tired of f **g with y’all.”
This edition of MRM News Bites features Aramark, Starbucks, KFC and FRCH NELSON, OpenTable and Capital One, Toast, MOD Pizza, Coolgreens, Virtual Kitchen, Punchh, The OC Restaurant Association, NCR Corporation and Shake Shack. The Best Chefs in the U.S. Aramark is hosting an intense culinary competition to determine its best U.S.-based based chefs.
As more cities and countries are implementing social distancing measures in an attempt to slow down the coronavirus outbreak, local businesses will feel the impact. This solution pushes your delivery orders to your point-of-sale system, so you can easily manage your online sales channels.
At this point, the specialty coffee scene was still a long way from becoming established. The millennial penchant for travel means that some will be exposed to Western ideals while overseas, with those in urban areas likely to come into contact with Western lifestyles and media in their day to day lives.
" Macaluso added that the sales lifts from upgrading to a newer, smaller and more efficient prototype have been unlike others he has seen in his 25-year QSR career. The brand has rebuilt nine restaurants since 2018, generating first year-over-year comp sales ranging from +29.8 Krystal Eyes Refranchising. percent to +107.5
” Stockton Croft, partner at Eagle Merchant Partners, added, “We are extremely proud of Chicken Salad Chick’s achievements during our ownership, which resulted in a seven-fold increase in system sales and over 100 new restaurants. .” Brentwood Acquires Chicken Salad Chick. Terms of the deal are confidential.
In this article, we will talk about the approach to customizing the packaging for your restaurant to increase sales. . Get referrals and positive reviews in the socialmedia space. 8 Ways To Increase Sales By Personalized Packaging. Your packaging can work as an excellent point of sale (or re-sales) if you think about it.
There’s a reason there are millions of food photos on Instagram and just a few thousand of point of sale systems (POS). The point is that restaurants and dining habits have changed dramatically in the past two centuries. Think of them as the real-life version of those house robots from ’80s movies.
Merchandise. SocialMedia Presence. Lastly, Point of Sale technology (POS) helps restaurant owners digitally keep track of sales and collect customer data. Follow our guide on How To Build Your Restaurant Brand and learn how to present the best version of your restaurant to your customers! Visual Branding.
Fortunately, driving more restaurant sales isn't particularly difficult. The key is to reduce your costs and increase your sales. As an owner-operator, your restaurant likely sits at the center of your life. It's not only your business and your livelihood— it's also your dream. So, why do it? Why run a restaurant at all?
Everything you need to know about socialmedia, digital marketing, SEO, and more! 31 Restaurant Marketing Ideas to Boost Sales. The challenge is, restaurant marketing and promotions can take many forms, and not every strategy will resonate with every diner. Download Now. Your marketing plan doesn’t have to be complicated.
This can be as simple as a socialmedia giveaway, or as complex as a multi-platform contest with a major prize at the end. Instead, let the shareable nature of socialmedia contest ideas work to your advantage. The Benefits of Running Restaurant Competitions. Doesn’t even sound like work, does it? Gift Card Giveaway.
It’s helpful for understanding your restaurant profitability, and there are two main types you need to consider: Gross profit margin measures profit from food and beverage sales before accounting for operating expenses. Determine your profit margin: Divide your net profit by your total sales, then multiply by 100 to get a percentage.
Therefore, you must learn how to develop a more resilient restaurant business just like the other types of restaurants who are finding new ways to ensure decreasing costs and an increase in sales. . For example, let’s say John Doe Bar’s total sales from July to September 2020 were $1.25 Average Gross Profit for Restaurants .
You just need the right perspective, some great dad jokes, and the right point-of-sale system to make your life easier. So when a family steps into your restaurant for a memorable dinner to celebrate Dad, you can encourage them to take a photo and share it on socialmedia pages like Facebook or Instagram.
Fortunately, driving more restaurant sales isn't particularly difficult. The key is to reduce your costs and increase your sales. As an owner-operator, your restaurant likely sits at the center of your life. It's not only your business and your livelihood— it's also your dream. So, why do it? Why run a restaurant at all?
By this point, you would have certainly thought of the basics like location, uniform design, a logo, a beautiful menu, kitchen staff and the equipment required, and marketing in general. If you’re interested in striking a chord with Gen Z, consider setting up socialmedia accounts and using them as a customer service channel.
Yes, there is money to be made in the restaurant industry, but to do it well means knowing the right strategies. Financially, restaurants are one of the most challenging business categories. 60% of restaurants close or change ownership in the first three years, and one of the biggest reasons is insufficient profits. Fast casual restaurants: 6 to 9%.
In today’s digital age, a strong online presence with a well-maintained website, active socialmedia profiles, and engaging content can set you apart. From point-of-sale systems that streamline transactions to inventory management software that prevents wastage, the right technological tools can save time and money.
Alternatively, you could make a more elaborate loyalty program that offers recurring rewards or one that allows your customers to save up points that can be redeemed for free gifts or meals. It should also be interesting or unique enough to advertise about it on socialmedia, yelp or with large posters inside of your restaurant.
Other approvals include the approval for transportation given by the Roads & Transportation Authority (RTA) and hygiene and safety that is provided by the HACCP (Hazard Analysis Critical Control Point). Food truck business in the UAE has been around for almost ten years. Look For The Right Commercial Vehicle. Source: The Finest Emirates.
Restaurants on the Digital Chopping Block Like retail, the restaurant industry is rethinking its product, merchandising and delivery model to balance the consumer’s desire for a great experience with their demand for efficiency and convenience. By Karen Webster Foot traffic is flat as digital dominates top-line growth.
“It’s encouraging to see consumers continue to rally and support local businesses, with many planning to purchase merchandise, specialty items and gift cards as holiday gifts.” 22 percent of customers are looking to buy restaurant merchandise. Diners Show Holiday Spirit. Hassle-free holiday meals.
Whether you’re looking to improve customer satisfaction, increase sales, or reduce costs, tracking these metrics will bring clarity to your restaurants’ performance and help you achieve your goals. In practice, however, successfully managing a group of busy restaurants is an awfully tough undertaking. Why Are Metrics Important?
When there's a major outbreak, Yelp data suggests it negatively impacts consumer interest in businesses where social distancing may be harder to enforce. In this edition of MRM News Bites, we feature sobering statistics from Yelp, a ghost kitchen franchise model, franchise explosions expected and falling for for an improved PSL.
Yes, they’ve become the norm, but they should also enhance your business and improve the customer experience. Today, we’re looking into the common challenges restaurant owners face during the early stages of implementing a tableside POS system. Hopefully, our decades of experience in the dining space will help you navigate the changing waters.
The National Restaurant Association projects restaurant sales will hit $898 billion this year -more than $200 billion more than in 2021. Neon signs beg to be photographed and can create a ton of free advertising from excited socialmedia posters. For your restaurant, that means competition. Table of Content. Digital Signage.
She saw double digit percentage sales increases in March, April and May. Each Friday, L&L’s socialmedia platforms showcase Acts of Aloha. These included Matt Chang, who owns and operates the L&L location in Point Loma, Calif., The franchisees were community forward as well. Elisia Flores.
Limit the number of employees allowed in break rooms at the same time to promote social distancing. Apply operational changes in order to maintain social distancing for customers ordering takeout. Establish designated customer pick-up zones to help maintain social distancing. Practice social distancing when delivering food.
Yet even after all this hard work, your restaurant still isn’t seeing the sales you hoped. Maintaining growth in the restaurant business requires more than delicious food and an inviting design; it also means adopting specific and powerful sales strategies. How Can Restaurant Owners Increase Customer Sales? . Why is that?
Key data points: The demand for takeout and delivery has slightly outpaced the demand for dining in. 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. Among delivery apps, DoorDash is the clear favorite.
We organize all of the trending information in your field so you don't have to. Join 49,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content