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Quick Facts About the Restaurant Revitalization Fund (RRF) Process

Modern Restaurant Management

For some business types, at least 33 percent of 2019 gross receipts must have comprised on-site sales to the public. For businesses that were open for all of 2019 and 2020, the maximum amount they can receive is $5 million per restaurant or $10 million per restaurant group. This number is your annualized 2019 gross receipts.

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SBA Partners with Restech for Restaurant Revitalization Fund

Modern Restaurant Management

The program will allow eligible restaurants and other food establishments to access the RRF application or data they need to fill out the application through their point-of-sale (POS) service providers. Point-of-sale service providers who are interested in participating in this program should email restaurants@sba.gov.

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MRM Research Roundup: Year-End 2020 Edition

Modern Restaurant Management

At-home meal kits increased 13x in 2020 from 2019, with some of the most popular options including NYC-based I CHIRAN’s Take-Home Ramen Kit and New England Lobster’s Lobster Roll Kit in San Francisco. A break from breakfast : With fewer morning commutes to cater to, breakfast and coffee sales suffered. What about 2021?

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Leveraging POS Systems to Future-Proof Your Restaurant and Maximize Profits

Modern Restaurant Management

To combat these obstacles among countless others, leaning on point-of-sale (POS) solutions can empower restaurants to quickly leverage new features to maximize profits in a fluctuating service economy. billion combined revenue from April to September 2020, more than twice as much as their combined revenue in 2019.

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The State of Full Service Restaurants

Modern Restaurant Management

Seventy-four percent of full service restaurants (FSRs) managed to maintain or increase their sales during the pandemic; however, profit margins in 2021 declined to 10 percent, compared to 12 percent in 2019, according to third annual State of Full Service Restaurants Report released by TouchBistro.

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MRM EXCLUSIVE: Four Easy-to-Implement Strategies to Weather COVID-19’s Impact

Modern Restaurant Management

Food costs are one of the highest costs for restaurants, ranging anywhere from 20 percent to 40 percent , according to point of sale system provider TouchBistro. In 2019, labor costs averaged 31.6 Here are a few strategies restauranteurs can adopt to stay afloat in the challenging COVID-19 environment: 1. Revamping the Menu.

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Evolving Technology for Restaurant Operations

Modern Restaurant Management

Orders from online channels and delivery partners had to be manually entered into its previous Point-of-Sale (POS) system, and manually delivered to the kitchen. Panino Giusto is embracing technology, including Oracle MICROS Simphony Point-of-Sale to help pivot and deliver a safer, pleasurable experience to customers.