Remove 2022 Remove Budgeting Remove Catering Remove Scheduling
article thumbnail

2022 Trends: Meeting Challenges and Industry Evolution

Modern Restaurant Management

The Trend: Ghost kitchens and changing restaurant design cater to off prem. Technology budgets are coming back after covid, but one of the things I’ve seen is that IT departments are spending more thoughtfully than ever before. To meet this evolution, restaurant operators are investing in new and reimagined spaces.

Budgeting 208
article thumbnail

MRM Research Roundup: 2022 Restaurant Trends

Modern Restaurant Management

To keep up with changing consumer preferences, operators noted that their top areas of investment in 2022 include mobile ordering (54 percent); delivery services (47 percent); technology such as new POS digital signage or other in-store tech (45 percent); and alternative payment methods (37 percent). "Consumers Fast is not fast enough.

Server 212
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Five Common Seasonal Hiring Mistakes and How to Avoid Them

Modern Restaurant Management

Managers and owners must develop strategic hiring plans through the end of 2022 and into 2023 to protect staff from long hours and burnout. However, limited budgets and resources necessitate thoughtful hiring decisions in order to reduce wasted time and costs on advertising positions or training new hires. How to avoid.

Budgeting 199
article thumbnail

The Ultimate Guide To Restaurant Profit Margin

The Restaurant Times

In fact, according to reports , the net profit margins across the restaurant industry decreased from 16% in Q2 2021 to 9.59% in Q2 2022. Catering Catering businesses, like food trucks, profit from low overhead expenses but have food costs similar to FSRs. How To Increase Your Restaurant Profit Margin?

article thumbnail

2023 Outlook: Trends and Challenges Restaurants Will See, Part Two

Modern Restaurant Management

Do a budget and work on predicting cash needs the next 60-90 days. Explore Higher-Margin Offerings : Related, next year, restaurants can look to new ways to offset pressures on margins by leaning more into higher-margin offerings like catering and delivery direct through owned channels vs. third party delivery.

Pricing 193
article thumbnail

How to Throw the Ultimate Restaurant Wedding

EATER

Ria Osborne How to throw the ultimate restaurant wedding — plus, how one restaurant couple is doing it right For the couple who loves food, having a wedding in a restaurant makes sense: The food, the drinks, and the ambience are all right there, without having to roll the dice on an unknown caterer. Scale back what you need.

Events 84
article thumbnail

MRM Franchise Feed: Jeremiah’s Opens 50th During 25th Anniversary, Wahlburgers Wild and Robotic Pizza

Modern Restaurant Management

We’re excited to open our first restaurants near our headquarters in west Michigan in 2022.” ” Chicken Salad Chick has seen strong sales growth this spring and summer across all of its guest access channels with dine-in, takeout, drive-thru, digital ordering and delivery and catering.

Catering 167