7 Shifts

AUGUST 6, 2021

In this post, we'll walk you through everything you need to know about restaurant sales forecasting - from the reasons why to forecast, to steps on how to create forecasts accurately, to what you should consider when forecasting for your restaurant. Restaurant Sales Forecasting Method & Techniques. Table of Contents.

Seasonal Menu 370

Seasonal Menu Point of Sale Inventory Food Supply 370

7 Shifts

JUNE 4, 2021

Break-even point. Sales per labor hour. You can now determine what percentage this is off your overall sales to get a picture of your restaurant's financial health. Business is often a game of numbers, and restaurants are no exception. If it's not measured, it won't be managed. Table of Contents: Cost of Goods Sold.

Point of Sale 416

Point of Sale Inventory Employee Relations Customer Service 416

7 Shifts

SEPTEMBER 16, 2021

You won't be able to refer to your previous restaurant opening playbook and follow it to the letter. The benefits of this decision include relying on a proven business model, which will ease the opening and operating process, as you'll be able to refer to what worked (and what is working) at your original location. Table of Contents.

Management 370

Management Management Document Hiring 370

7 Shifts

MAY 31, 2021

Inventory was ordered based on par levels, which are set based on sales forecasts, which are in turn determined by how many guests you'll serve and what they'll order. The term ‘restaurant operations' refers to the process by which a restaurant is run. Table of Contents. What does it mean? Areas of Operation. Improvement Tips.

Operations 363

Operations Inventory Hiring Customer Service 363

7 Shifts

AUGUST 7, 2024

But there's more to it than adding up your inventory bill and comparing it to your sales. This is commonly referred to as a percentage. And while it can vary by restaurant, your prime costs should hover somewhere around 60 to 65 percent of the total volume of sales. There certainly are other major restaurant cost considerations.

Food 370

Food Seasonal Menu Inventory Pricing 370

Modern Restaurant Management

JANUARY 31, 2020

points relative to 2016, widened from a gap of 1.3 points in 2018. points year-over-year, driven down by a weak holiday shopping period. The weakest business categories varied by type and price point, and included stores selling mobile phones, shoes, and appliances. Yelponomics. calculated? According to researchers?,

2020 480

2020 Loyalty Program 2019 Point of Sale 480

7 Shifts

SEPTEMBER 19, 2019

Customer service: Interact with guests, solve customer complaints, and ensure the service is on point. Restaurant management covers several duties and responsibilities—from hiring team members, to dealing with customer complaints, to making on-the-fly decisions to control labor costs. If it gets the job done, why change it, right?

Management 284

Management Management 2019 Employee Relations 284

Goliath Consulting

MAY 8, 2020

Important points to consider before starting a catering program. Aside from boosting revenue, catering can boost business during slow performing times, reduce excess food waste, allow for menu changes, and helps to increase employee retention as they gain new skills and varied tasks that challenges and keeps them busy (1).

Catering 248

Catering Point of Sale Delivery Customer Service 248

7 Shifts

AUGUST 29, 2019

Follow these two steps: The first thing you’ll want to do is gather sales and profit data for every item on your menu—preferably over a set time period (last quarter, last month, etc.). Plowhorses: Low Profit, High Popularity Plowhorses are a big point of frustration for menu engineers. Menu Pricing and 2. What to do?

Menu 279

Menu Point of Sale Website Management Online Ordering 279

Modern Restaurant Management

FEBRUARY 2, 2023

They might also want to restock popular brews, with recent research from the International Wine and Spirits Record asserting that the alcohol e-commerce sales will hit $42 billion by 2025. With more food comes the potential for more waste. restaurants rack up 22-33 billion pounds of food waste per year.

Menu 221

Menu Point of Sale Seasonal Menu Food Order 221

EATER

SEPTEMBER 11, 2024

So many of TikTok’s food creators built their platforms on relatability, but some have succeeded to the point of rendering themselves unrelatable, with lofty Architectural Digest -esque kitchens and deals with luxury fashion brands. This is how Justine Doiron — 2.3 It led to a somewhat clunky, more complicated approach to writing recipes.

Food 304

Food Social Media Point of Sale Book 304

Modern Restaurant Management

JUNE 28, 2024

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news on the impact of California's minimum wage, customer satisfaction, AI use in restaurants, popular cocktails and bathroom readiness. Early Impact of California's Minimum Wage A new edition of The Anchor from Placer.ai, written by R.J.

2024 294

2024 Mobile Ordering White Paper Customer Service 294

7 Shifts

MAY 23, 2024

This includes: Net Sales: The total revenue derived from your sale of food and beverages. Restaurant expense #1: food cost Your restaurant's food cost comprises 3 elements: the food cost percentage, the cost of ingredients, and the sales or revenue from selling your dishes. Managing a restaurant is not for the faint-hearted.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Cash Management 221

EATER

APRIL 25, 2023

Juan adds, “The combination became famous, and we started calling it caldosa,” a reference to the caldo that went into the first bag. The caldosa at Fory Fay, the home of the original recipe. Others become representative of a city or a region. In Costa Rica, that dish is the caldosa, a national phenomenon launched by a child.

Fine Dining 271

Fine Dining Back of House Point of Sale Advertising 271

Restaurant365

SEPTEMBER 10, 2021

The data from inventory management can help you place more accurate orders, calculate exact food costs, make informed menu changes, and address potential sources of food waste. Your inventory system can automatically pull sales information to track theoretical inventory. As a store-level manager, you always have a lot on your plate.

Inventory 138

Inventory Management Management Point of Sale 138

EATER

JANUARY 25, 2023

Isn’t the whole point of an ingredients list to let us know what the hell we’re actually eating? Figuring out what’s actually in a box of chicken stock shouldn’t be that hard. When I was growing up , my family would occasionally buy canned or boxed chicken broth, and my mom would always say, “but it’s not as good as the real thing.”

Email Marketing 290

Email Marketing Kitchen Safety Food Safety Consumer Goods 290

Modern Restaurant Management

MAY 27, 2020

Participating restaurants will donate 15-25 percent of sales to their local food bank and over 1500 restaurants nationwide have already joined the initiative. Participating restaurants will donate 15-25 percent of sales to their local food bank and over 1500 restaurants nationwide have already joined the initiative. Takeout For Good.

Food Safety 441

Food Safety Kitchen Safety Mobile Ordering Guest Recovery 441

Modern Restaurant Management

AUGUST 19, 2020

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.

Kitchen Safety 515

Kitchen Safety Loyalty Program Delivery Customer Service 515

Focus POS

DECEMBER 8, 2021

However, the right point of sale system can help alleviate some of these restaurant challenges so business owners can stay ahead of their competition. Point of sale systems that require a series of clicks to make selections or switching between screens can be frustrating to learn and use.

Mobile Ordering 148

Mobile Ordering Point of Sale Online Ordering Cash Management 148

Restaurant365

FEBRUARY 22, 2022

There’s sales and customer data, labor performance data, and even data telling you how much food you waste. While restaurant reporting refers to your numbers, restaurant analytics, on the other hand, provide actionable insights. Are you using restaurant analytics? But merely gathering the data offers little value.

Point of Sale 147

Point of Sale POS Inventory Seasonal Menu 147

Embrace the Suck

MARCH 27, 2020

The Coronavirus then came along and crashed their sales. While the owners are seasoned business owners and accomplished leaders.the culture took on a toxic quality. There was a lot of drama. The gossip mill ran full steam and little cliques started to form. They use the word team, yet this wasn’t a team. Oh, hell no!

Leadership 343

Leadership Cash Management Coaching Take-out 343

Open for Business

NOVEMBER 20, 2024

From streamlining operations to automating guest touch points, artificial intelligence (AI) is rapidly transforming the hospitality industry. It refers to AI that can act autonomously to achieve specific goals. Read on for top takeaways and insights from the discussion.

Point of Sale 60

Point of Sale Inventory Hospitality Reservations 60

Lavu

NOVEMBER 17, 2023

Profit margin is a key metric, especially pivotal in restaurant sales, that calculates the percentage of revenue left as profit after covering expenses. This, in turn, can significantly increase your sales and enhance profit margins, pointing towards areas of strength and potential areas for improvement.

Fast Casual 138

Fast Casual Food Truck Fine Dining Loyalty Program 138

Restaurant365

JANUARY 4, 2022

Your team must still take manual inventory by hand to account for spoilage, improper portioning, and waste. To ensure efficiency, a restaurant inventory management system that is fully integrated with your point of sale (POS) system can streamline and automate as much of the inventory process as possible. from a year ago.

Inventory 148

Inventory Pricing Management Management 148

Deliverect

AUGUST 31, 2020

Having the right sort of data allows you to plan, shift priorities and make changes on the fly based on cold hard proof of your sales numbers. What this means is making sure that your delivery sales get input into your POS as they come through and not waiting till the end of the day to send them all through at once.

Delivery 146

Delivery Front of House Point of Sale Back of House 146

Modern Restaurant Management

OCTOBER 16, 2019

Minimal Waste – Ono’s food truck is designed to be environmentally sustainable. Minimal Waste – Ono’s food truck is designed to be environmentally sustainable. World’s First Mobile Restaurant Powered by Advanced Robotics. Ono Food Co. Ono Blend Founders Daniel Fukuba and Stephen Klein.

Food Truck 317

Food Truck Customer Service Customer Experience Front of House 317

Goliath Consulting

JANUARY 6, 2022

According to Mary King, “third-party food delivery services have setup fees of up to $400, charge a commission of 10% to 40% per order, and may not integrate with your point-of-sale system.” Most restaurants benefitted from these third-party food delivery services, but other restaurants did not have the same success rate.

Delivery 195

Delivery Food Customer Service Online Ordering 195

Restaurant365

OCTOBER 27, 2021

It has been estimated that each year, more than 100 billion pounds of food is wasted in the United States. The waste of food is not only a waste of money and bad for the environment, but it is also making vulnerable populations even more vulnerable. That equates to more than $160 billion worth of food thrown away each year.

Waste 78

Waste Food Online Ordering Leadership 78

Cheetah

JULY 1, 2021

Important hidden costs that operators sometimes overlook include waste, gas money and countless billable hours spent on roaming the aisles of wholesale warehouses like Restaurant Depot. JIT also guarantees you get 100% usable product, which translates to zero waste. Is it fair towards customers? Table of Contents.

Customer Experience 148

Customer Experience Front of House Customer Service Fine Dining 148

Cheetah

JULY 1, 2021

Important hidden costs that operators sometimes overlook include waste, gas money and countless billable hours spent on roaming the aisles of wholesale warehouses like Restaurant Depot. JIT also guarantees you get 100% usable product, which translates to zero waste. Is it fair towards customers? Table of Contents.

Customer Experience 148

Customer Experience Front of House Customer Service Fine Dining 148

EATER

AUGUST 17, 2020

Or more specifically, the willingness of said landlord to cut said tenant a deal. Some people are making concessions, whether it’s temporary or longterm abatements or newly structured partnerships. And some landlords, even some without mortgages, are letting tenants walk. Jasmine Moy: Sure. Daniel Geneen : Right. JM : Oh, sure.

Hotels 319

Hotels Take-out Beverage Point of Sale 319

Embrace the Suck

JANUARY 24, 2022

Many wait for funding from the government to give them the cash flow needed to make up for the decline in sales. The Coronavirus then came along and crashed their sales. We all have had to take a hard look at our business models (even me) and asked what can I do now that the world has been forever changed. There was a lot of drama.

Cash Management 259

Cash Management Leadership Take-out Coaching 259

Apicbase

MARCH 3, 2023

Although the point-of-sale system (POS) remains the technological heart of restaurants, numerous technologies run behind the scenes these days. This end-to-end solution uses data from your POS to provide insights into sales, food costs, menu engineering and inventory management. Restaurant technology has come a long way.

Point of Sale 52

Point of Sale POS Management Management 52

Rocket Fuel

FEBRUARY 19, 2025

Regardless of the reason, every pause hurts short-term sales and your platform position, which means fewer potential customers see your store, jeopardizing long-term sales as well. Avoidable wait time Avoidable wait time refers to how long DSP drivers spend waiting in addition to the stated preparation time.

Delivery 52

Delivery Customer Experience Point of Sale POS 52

Lavu

MARCH 26, 2020

Coming off a hard winter and hoping sales would pick up for catering businesses, this sudden hit of all events canceling has pushed some catering businesses to the brink. Don’t let your inventory go to waste; start offering your best-sellers as meal prep items. Sales to Retail Customers. Meal Prep Kits with Pickup Options.

Catering 127

Catering Food Truck Retail Small Business 127

Touch Bistro

MAY 10, 2021

And one area that is often overlooked is the question of how to reduce food waste in restaurants. Food waste costs restaurants a staggering $162 billion per year , and in America alone, restaurants generate as much as 33 billion pounds of food waste per year. Different Types of Restaurant Food Waste.

Waste 59

Waste Food Compost Tip Distribution 59

Restaurant365

JUNE 22, 2021

Training your store-level managers and your kitchen staff about food waste reduction is critical to improving overall Cost of Goods Sold (CoGS). Training your store-level managers and your kitchen staff about food waste reduction is critical to improving overall Cost of Goods Sold (CoGS). Train your store-level managers.

Compost 88

Compost Food Waste Front of House 88