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The Value of Restaurant Business Intelligence for Multi-Unit Operators

7 Shifts

And with labor costs accounting for around one-third of a restaurant's revenue , any opportunity for optimization must be taken. Knowing the profit margins for each item and menu section helps each restaurant price items accurately, but knowing the profit margins for each location does much more.

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Survey Says: Restaurateurs Are Making Expansion Plans

Modern Restaurant Management

Inventory : Generally, when food costs go up, operators will raise their menu prices by a small amount. But what we’ve found is that operators have been leaning on menu price hikes to cover their expenses for more than two years now, and they’ve finally reached the limits of what consumers are willing to pay.

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MRM Franchise Feed: Kitchen of the Future, Restaurant Sherpas and Dunkin’ Hirin’

Modern Restaurant Management

Recognizing the varying needs of entrepreneurs that are seeking different levels of involvement in the day-to-day operations of a restaurant franchise, the Teriyaki Madness team developed Restaurant Sherpas as a solution for absentee and semi-absentee franchisees across the nation. ” Showing Support. .

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Restaurant Conferences to Attend in 2022

7 Shifts

Spanning three days in one of the world's most renowned food destinations, this conference has something for everyone, with courses for independent owners and multi-unit operators. Sessions cover topics pertaining to finances, the economy, accounting, growth strategy, and restaurant technology.

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MRM Franchise Feed: Currying Up Favor and Committed Taco

Modern Restaurant Management

After beginning his career at McDonald’s Corporation in 1981 as a store accountant, Haggis moved on to The Wendy’s Company, where he worked for nearly 30 years and served as senior vice president of finance and brand chief financial officer. Best of all, we got all of that at an affordable price.

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MRM Franchise Feed: Frictionless QDOBA and Crisp & Greens Goes National

Modern Restaurant Management

“Our new formats are incredibly attractive to today’s multi-unit operators, who are looking for chef-driven food quality at a lower investment than a traditional QSR. Off-premise sales now account for 81% of the business, including digital, marketplace and to-go orders.

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Fast-Casual Academia, Climatarian Menu and Ice Auction

Modern Restaurant Management

Rails is Olo’s solution that makes it easy for restaurant brands to publish their menus, prices, and location information on participating third-party marketplaces and apps in order to drive incremental sales, simplify workflows and manage orders in multiple places. For example, a salad with a carbon footprint of 0.41

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