Synergy Suite

NOVEMBER 30, 2023

Operating a thriving restaurant involves more than merely presenting delectable dishes and designing a welcoming ambiance. It requires a keen understanding of your restaurant’s finances and, in particular, the concept of prime costs. What Are Prime Costs? Controlling them effectively can significantly impact your bottom line.

Portion Control 52

Portion Control Scheduling Pricing Training 52

Lithos POS

MARCH 27, 2023

in the case of the restaurant industry technology plays an important role. Technology revolutionized the restaurant industry. It causes the advent of restaurant automation. Automation helps restaurants to reduce labor costs and enable an efficient workflow. It increases your restaurant’s efficiency.

POS Systems 52

POS Systems Blog Front of House Accounting 52

Modern Restaurant Management

APRIL 5, 2022

Various existing and new companies are adopting this trend to reduce operational expenses and risks. These platforms are gaining popularity among people who wish to dine with their families at home and still wish to enjoy the flavor and quality of restaurant food. POS systems have evolved into operations hubs.

POS Systems 196

POS Systems Kitchen Operations Communication Marketing 196

Synergy Suite

OCTOBER 12, 2023

In the competitive realm of the restaurant industry, understanding and optimizing your financial performance is paramount to success. While tracking total revenue and sales is vital, it’s crucial to dig deeper and delve into your restaurant’s profit margins. Gross Profit Margin: What is it?

Portion Control 52

Portion Control Pricing Accounting Procurement 52

Synergy Suite

NOVEMBER 2, 2023

Running a successful restaurant goes beyond crafting delectable dishes and providing excellent service; it involves strategic financial management, with labor costs being a crucial aspect, that includes the intricacies of labor cost percentage. Restaurant labor cost percentage is a bit different than just plain old restaurant labor cost.

Scheduling 52

Scheduling Training Information Cost Reduction 52

Revenue Hub

MARCH 5, 2024

Remember that you should be looking to give thoughtful but not expensive value-adds. A final note… At times, the OTAs will (by reducing its commission) be able to offer your room at a cheaper rate than is stated on your website. You must honour that rate if you provide a “Best Rate Guarantee” and a guest finds this price.

Pricing 82

Pricing Blog Book Article 82

Synergy Suite

JUNE 6, 2023

A powerful tool, restaurant accounting software can revolutionize the financial management of your food service establishment. What is Restaurant Accounting Software? Restaurant accounting software is a specialized software solution designed to manage financial and accounting tasks specific to the restaurant industry.

Accounting 52

Accounting POS Systems Budgeting Bookkeeping 52

Synergy Suite

DECEMBER 5, 2023

Running a restaurant is a dream for many, but it’s also a business fraught with challenges. From fluctuating food costs to ever-changing customer preferences, the restaurant industry is known for its volatility. Your restaurant’s expenses consist of two main components: fixed costs and variable costs.

Pricing 52

Pricing Budgeting Information Marketing 52

Synergy Suite

NOVEMBER 23, 2023

Running a restaurant involves more than just creating delicious dishes and providing excellent service. It may sound complicated but, in this chapter we’ll dive deep into what EBITDA is, why it’s important for your restaurant, and how you can use this metric to gauge and improve your business’s financial health.

Accounting 52

Accounting Information Demo Marketing 52

Synergy Suite

NOVEMBER 9, 2023

In the complex world of restaurant management, waste and food cost control stand as paramount metrics for sustained success. At its core, waste and food cost control is a strategic approach to managing expenses associated with the procurement, preparation, and disposal of food in a restaurant.

Portion Control 52

Portion Control Procurement Training Communication 52

Synergy Suite

JUNE 27, 2023

An all-in-one restaurant management system encompasses various components that work together to streamline and optimize different aspects of restaurant operations. In this article, we dive into the different aspects of a quality restaurant management system, and discuss how each piece helps to serve the others.

POS Systems 52

POS Systems Scheduling Information Procurement 52

Synergy Suite

JUNE 13, 2023

A necessary solution to the restaurant business, a cash management system is designed to revolutionize the way restaurants handle cash transactions and financial operations. It enables employees to record cash inflows and outflows, including cash sales, cash tips, and petty cash expenses. What is a Cash Management System?

POS Systems 52

POS Systems Accounting Scheduling Reservations 52

Lithos POS

SEPTEMBER 27, 2023

One of the significant changes that happened in the restaurant industry is the technology revolution. The restaurant point of sale system is an effective innovation in the restaurant industry. A restaurant’s point of sale system consists of hardware and software specific to the restaurant industry.

POS Systems 69

POS Systems Accounting Front of House Server 69

Synergy Suite

DECEMBER 14, 2023

Running a restaurant is a complex and demanding endeavor, and one of the key challenges that restaurant owners face is managing inventory efficiently. Efficient inventory management is crucial for the smooth operation of your restaurant and directly impacts your bottom line. What is Inventory Turnover Ratio?

Menu Planning 52

Menu Planning Information Procurement Training 52

Synergy Suite

JANUARY 4, 2024

This chapter will provide you with a comprehensive understanding of restaurant employee turnover rate, its types, causes, and specifically focus on the unique dynamics within the restaurant sector. In the restaurant industry, where staff interaction and customer service play pivotal roles, managing turnover is particularly critical.

Training 52

Training Scheduling Communication Demo 52

Lithos POS

JULY 28, 2023

Android devices are high-performance and less expensive. Restaurant businesses commonly use this type of system. Kiosk on Android devices A kiosk system is a standalone hardware that can be used for various business purposes in restaurants, such as ordering food and making payments. How is it helpful to a restaurant?

POS Systems 52

POS Systems Accounting Training Server 52

NCC USA

AUGUST 31, 2022

One of the biggest reasons to consider deploying a kitchen display system (KDS) is the growing quick service restaurant (QSR) market. Restaurants that want a share of that growing revenue – and hang onto as much margin as possible — need to find ways to operate more efficiently. billion in 2028.

POS Systems 52

POS Systems Front of House Communication Maintenance 52

Synergy Suite

MAY 2, 2023

Every restaurant business wants to ensure that their employees are satisfied. Scheduling is no small task for a restaurant manager, and that challenge is especially compounded when you’re working across multiple locations. The best way to keep it all in line is to utilize a quality restaurant scheduling software.

Scheduling 52

Scheduling POS Systems Communication Reservations 52

SiteMinder

AUGUST 18, 2022

It’s useful for businesses such as hotels, restaurants or casinos that have unique or variable rent costs. million in a year, and it has $600,000 in total operating expenses, you first need to subtract operating expenses from revenue. What is EBITDAR? For example, if your hotel earns $1.6

Budgeting 52

Budgeting Blog 52

Lithos POS

NOVEMBER 29, 2022

In the wake of the Corona pandemic, most restaurants have started thinking about the concept of contactless. After the pandemic, the continuation of contactless dining and contactless ordering by restaurants has led to a significant shift in the food industry. That concept has led to many innovations in the restaurant industry.

Blog 40

Blog Server Reservations Accounting 40

Lithos POS

NOVEMBER 29, 2023

Order processing and management the crucial parts of a restaurant business. It doesn’t matter whether you are an online or offline restaurant owner. If you are a restaurant owner you need to make your delivery quick. Compared to third-party services your delivery option is less expensive.

POS Systems 45

POS Systems Blog Scheduling Information 45

7 Shifts

MARCH 27, 2020

We’ve created this COVID-19 restaurant closure guide to help restaurateurs like you navigate these difficult times. If local laws mandate that you have to shut your restaurant down, then you must comply. If your state considers restaurants non-essential, then you must shut down for the time being.

Communication 125

Communication Accounting Information Blog 125

Synergy Suite

DECEMBER 19, 2023

In the ever-evolving world of restaurant management, staying ahead of the curve is crucial for sustained success. One key metric that can make a significant difference in your restaurant’s profitability is Sales Per Man Hour (SPMH). Satisfied customers are more likely to return and recommend your restaurant to others.

POS Systems 52

POS Systems Scheduling Training Pricing 52

Synergy Suite

AUGUST 9, 2023

The restaurant industry is a dynamic and complex landscape, where profit margins often teeter on a precarious balance. With the average food costs in a restaurant typically hovering around 30%, and global food prices rising at nearly 40% year over year , managing food costs is more critical for restaurants than ever.

Portion Control 52

Portion Control Pricing Vendor Management Demo 52

Lithos POS

OCTOBER 20, 2022

The labor shortage is one of the main problems faced by the restaurant industry. It was necessary to verify the fact that the restaurants had a shortage of workers. The reason behind the restaurant labor shortage. Many believe that today’s generation does not like working in the restaurant industry.

Front of House 40

Front of House Back of House Server Blog 40

Lithos POS

JUNE 28, 2022

it became essential for restaurant and retail businesses. it is time-consuming and expensive. With the use of cloud-based POS, small and medium-sized businesses (SMBs) can significantly reduce the risk of fraud connected with credit card processing by automatically backing up and syncing data via a remote server. Data Security.

POS Systems 52

POS Systems Server Maintenance Blog 52

Lithos POS

JANUARY 27, 2022

Why do restaurants fail? “ Around 63% of restaurants close within their first year and 85% don’t last more than five years “ This sounds like the thing that’s stopping you from getting into the restaurant business, but maybe it’ll be easier than you think. Restaurant Manager Duties.

Competitive Analysis 52

Competitive Analysis Server Marketing Training 52

Lithos POS

JANUARY 27, 2023

Investing in equipment is one of the main costs of a restaurant business. By identifying your restaurant business model, finance, consideration of space, and other related aspects, you can identify the essential restaurant equipment that you need to invest in. Technology plays an important role in the industry.

Maintenance 52

Maintenance POS Systems Sanitation Budgeting 52

eZee Absolute

SEPTEMBER 11, 2023

I was at a restaurant when I saw Arjun sitting at a table across the room. In this blog, I will discuss everything Arjun told me (and what I know now) about dynamic pricing for hotels and how you can make the most out of it to mint revenue for your business. Reduces Cost Dynamic pricing is also a cost-saving strategy for hotels.

Pricing 59

Pricing Book Marketing Events 59

Lithos POS

JUNE 15, 2023

Multi-store POS is a point of sale system is system that is helpful to multi-store restaurants and retail. Smart POS like LithosPOS is built for restaurant and retail businesses. It is very expensive and wastes time. But you can reduce those costs by using a POS system like LithosPOS.

POS Systems 40

POS Systems Pricing Scheduling Accounting 40

SiteMinder

OCTOBER 15, 2023

However, by evening your supply may have reduced and demand could be growing. This blog will give you a full guide to hotel dynamic pricing, how it works, and the best ways to implement it at your business. For example, in the morning you may have lower rates because your occupancy is low and demand is not strong.

Pricing 59

Pricing Definition Book Marketing 59

MBB Hospitality

MAY 27, 2020

You may be curious about what the pandemic means for restaurant food costs. You may also have noticed that your restaurant or grocery bill is a little higher than usual. If meat prices are taking a toll on your wallet, there are steps you can take to reduce the impact of expensive food. How Are Restaurants Affected?

Pricing 52

Pricing Blog 52

Restaurant Engine

JUNE 26, 2020

Restaurant food delivery sales are expected to generate at least $200 billion by 2025, but it can be difficult to find an apples-to-apples comparison of their fees. Special attention is given to restaurant owners’ fees. Restaurants increasingly rely on third-party delivery businesses to drive revenue and increase sales.

Pricing 76

Pricing Marketing Article Download 76

Lithos POS

APRIL 1, 2022

You cannot control it manually and it will also increase your expenses. It helps you control your expenses and increase your sales and profits. We realized that was the main reason why the restaurant business was failing. The food business is expensive. For example, managing inventory is a headache. Good employees.

Sanitation 52

Sanitation Blog Marketing Definition 52

Synergy Suite

OCTOBER 5, 2023

Revenue is the lifeblood of any restaurant business. Just like with any business, understanding and effectively managing restaurant sales and revenue is crucial for long-term success. For many restaurant businesses, revenue and sales are often used interchangeably. Revenue and Sales: What are they, and how are they different?

Catering 52

Catering Information Events Labor Cost Controls 52

Synergy Suite

NOVEMBER 16, 2023

When it comes to restaurant management, deciphering the intricacies of menu item performance is essential for culinary success. Menu item performance refers to the assessment of how well individual dishes or items on a restaurant’s menu are faring in terms of sales, profitability, and customer satisfaction.

Training 52

Training Presentation Pricing Information 52

SiteMinder

JANUARY 8, 2024

This blog will take you through the major considerations to keep in mind regarding hotel management. Hospitality management is simply a broader term that can be applied to any business in the hospitality industry: not just hotels, but restaurants, bars, cafes, tour companies and more.

Travel and Tourism 59

Travel and Tourism Book Housekeeping Customer Service 59