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Revolutionizing Guest Experiences Through Virtual Hospitality

Modern Restaurant Management

The quick service restaurant (QSR) industry is currently experiencing a trend of commoditization, with low barriers to entry and a standardized set of features offered by most restaurants. That’s why restaurant owners and managers should carefully evaluate and navigate these hurdles to ensure successful integration.

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Viable Restaurant Strategies for Handling the Third-Party Paradox

Modern Restaurant Management

The cost of partnering with third-party food delivery services can be high, but the cost of not doing so could be even higher. It has become a lifeline for many restaurants that have been forced to close their doors or limit on-premise tickets during lockdown measures. Here are three things restaurants can do: 1.

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How to Drastically Cut Expenses in Your Restaurant (and Stay Profitable During COVID-19)

7 Shifts

COVID-19’s impact on restaurants around the world has been ramping up thanks to necessary social distancing measures—particularly in North America, where 4-5 meals are eaten away from home every week —and restaurateurs are feeling the squeeze on their bottom line.

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Inventory Management Software: Definition, Benefits, and What to Look For

Synergy Suite

The bread and butter of running a successful restaurant business lies not in the delicious dishes you serve every day, but in your fridge. Your inventory holds the key to your profitability: how much it costs you, how much is wasted, and how much you need to create those dishes in the first place. What is inventory Management Software?

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The Break-Even Point: A Key to Restaurant Financial Success

Synergy Suite

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.

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Labor Cost Percentage for Restaurants: The Ins and Outs

Synergy Suite

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. What is Labor Cost Percentage?

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Top 10 Restaurant POS Features Essential for Propelling Business Success

Lithos POS

A POS system is crucial for the success of businesses like restaurants and retail stores. It can greatly impact growth and cost savings. But first, let’s define what a point-of-sale system is. The point of sale, or POS, is an intricate software and hardware combination used to process transactions.