Remove Budgeting Remove Front of House Remove Pricing Remove Supply Chain
article thumbnail

How to Strategically Plan Your Restaurant Renovation

Modern Restaurant Management

It can help you to stay on time and within budget while causing as little disruption as possible. In between major changes it may help to implement some front-of-house upgrades using minimal capital and labor. This doesn’t mean you should cut corners by bringing in the lowest-priced contractors.

article thumbnail

How Technology Tools Help Restaurateurs Do More With Less

Modern Restaurant Management

When properly deployed, they can transform the employee experience by improving daily operations, syncing front-of-house and back-of-house communication and execution, and delivering a memorable dining experience that won’t send staff to the walk-in cooler for a good cry.

Insiders

Sign Up for our Newsletter

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

article thumbnail

UNDER THE GRILL: Top chefs reveal menu ideas for 2023

Boutique Hotelier

From Pennyhill Park , and in particular, Hillfield our menus are designed around what’s available on our 123 acre site as well as what’s available in the Surrey Hills supply chain. What challenges are you facing with both menu creation and sourcing the right suppliers at the right price?

Pricing 124
article thumbnail

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

Modern Restaurant Management

Reduce portion sizes slightly to maintain menu prices but account for increased costs. Don’t be afraid to increase price. Don’t be afraid to increase price. Do a budget and work on predicting cash needs the next 60-90 days. However, when the pandemic hit people were less sensitive to prices.

article thumbnail

Restaurant Accounting Software: Gain Insight Into Your Financial Operations

Synergy Suite

Budgeting and Forecasting These software solutions often include budgeting and forecasting features, allowing restaurant owners to set financial goals and track performance against targets. Each revenue stream may have different pricing models, discounts, and promotional offers.

article thumbnail

Prime Costs: Understanding and Application for Restaurants

Synergy Suite

They serve as a compass, guiding decisions on pricing strategies, menu development, and staffing levels, ultimately influencing the delicate balance between offering high-quality cuisine and ensuring the establishment’s profitability. Kitchen Supplies: Utensils, cookware, and small appliances used in food preparation.

article thumbnail

Restaurant Experts’ 2021 Outlook, Part Two

Modern Restaurant Management

When others have pulled back, we kept innovating by adding new menu items (a new Porterhouse steak, Wagyu New York Strip), half priced bottles of South American wine, To-Go experience packages and more. Bart Shuldman, Chairman and CEO, TransAct Technologies. For example, BOHA!

Events 230