Modern Restaurant Management

MARCH 11, 2025

– Rushi Patel is the CRO & Co-Founder of Homebase In January of 2020, my company launched. All of a sudden, in October of 2020 we doubled our revenue. Today, the lifecycle of the hourly workforce from jobseeker to employee at your restaurant differs in all phases from that of 2020. We’re back in business.

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Modern Restaurant Management

NOVEMBER 20, 2024

After millions left the industry in 2020, restaurants responded by increasing wages and leaning into incentives to attract employees back. Long after the restaurant industry felt the most significant impacts of the pandemic, echoes still reverberate in the form of workforce realities and operational challenges.

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Restaurant Management Restaurant Manager 474

Modern Restaurant Management

MAY 6, 2021

The RRF will provide tax-free grants for food and beverage venues that lost revenues in 2020. The requirements are a little different for businesses that started in 2020. 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.

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Modern Restaurant Management

NOVEMBER 12, 2024

experienced 28 separate billion-dollar weather disasters, breaking the previous record of 22 set in 2020. Sadly, these events are only becoming more frequent; in 2023 alone, the U.S.

Restaurant Manager 473

Restaurant Manager Restaurant Management 473

Modern Restaurant Management

APRIL 2, 2021

Prior to restaurant lockdowns in March 2020, the establishment received the majority of its business through dine-in customers. In May 2020, Pho MPH’s online order count totaled just 92. In June 2020, that number skyrocketed to 601 after the restaurant began utilizing Pronto. ”

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Online Ordering Systems 504

Modern Restaurant Management

FEBRUARY 1, 2021

2020 brought plenty of obstacles, and many business lessons along with them. Overall communication strategies had to pivot and adapt throughout the chaotic year of 2020. 2020 brought a year of chaos in the media landscape, thanks to a rise in conversations about diversity, the environment, and politics. Bottom line?

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Modern Restaurant Management

APRIL 27, 2020

OpenTable added new features and price cuts for 2020 as they recognize the road to recovery will be long and difficult. Beginning in May, restaurants that sign up for our “Open Door” pricing program will enjoy: No subscription fees through the end of 2020. No cover fees through September 30, 2020.

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FDA Point of Sale Restaurant Manager Restaurant Management 578

Modern Restaurant Management

AUGUST 3, 2021

the average monthly payroll of the company during either 2020 or 2019. Key qualification requirements for the second round of PPP funding include: Eligible businesses must have experienced a 25 percent reduction in revenue in one quarter of 2020 (1st, 2nd, 3rd, 4th) over the same quarter in 2019. average monthly payroll.

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Food Service Food Service 547

Modern Restaurant Management

OCTOBER 13, 2024

According to the National Restaurant Association (NRA), as of October 2023 eating and drinking places were 14,000 jobs below their February 2020 level. The restaurant industry is a case in point, where employment has yet to climb back from pandemic-induced losses.

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Modern Restaurant Management

JULY 28, 2021

The average loan size was ~$42 thousand (compared to $101 thousand in 2020). 96 percent of loans went to businesses with fewer than 20 employees (compared to just 87 percent in 2020.). 32 percent of loans went to businesses in LMI communities (compared to just 24 percent in 2020). In 2021: SBA approved over 6.5M

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Customer Service Customer Service 493

Modern Restaurant Management

JANUARY 26, 2022

Additionally, r estaurant and food new business openings (74,616) also increased 10 percent from 2020 (67,611). "Our data shows restaurant and food new business openings increased 10% last year from 2020 – a strong sign that these businesses are adapting to the changing conditions. . "Restaurant

Restaurant Manager 473

Restaurant Manager Restaurant Management Hospitality Hospitality 473

Modern Restaurant Management

JANUARY 21, 2020

As long as there's coffee in 2020 we're good. pic.twitter.com/UWURIVaXeM (@tacobell) January 9, 2020. No matter which platform you decide to start using, it’s important you have a game plan in place for 2020. View this post on Instagram. A post shared by Dunkin’ (@dunkin) on Dec 30, 2019 at 12:00pm PST.

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Online Ordering Systems Inventory Customer Service Customer Service 613

Modern Restaurant Management

NOVEMBER 5, 2021

Food service suppliers have been scrambling to keep pace with fluctuating demand in a supply chain that has been anything but predictable since 2020. hit an all-time low of $30 billion in April 2020. Since March 2020, restaurant demand in certain areas has swayed between in-person dining and carry-out services.

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Modern Restaurant Management

DECEMBER 29, 2020

2020 threw unprecedented challenges our way, causing chaos throughout the food and beverage industries. Already fairly widespread at the beginning of 2020, once the pandemic hit, the rate of online ordering soared to heights never seen before. One way is to embrace the wonders of technology. Go All Out with Online Ordering.

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Online Ordering Systems Food and Beverage Food and Beverage Customer Service 520

Modern Restaurant Management

FEBRUARY 16, 2021

According to SEC filings, food delivery apps experienced tremendous growth in 2020 earning a combined $5.5 billion in revenue from April through September of 2020—compared with $2.5 billion from the same period in 2019.

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Food and Beverage Food and Beverage Food Service Food Service 558

Modern Restaurant Management

DECEMBER 22, 2020

Off-premise dining now accounts for 60 percent of total sales in 2020 compared to 40 percent in 2019. Many of the trends that will take place in 2021 will build upon the lessons learned in 2020. ? The focus on off-premise sales has allowed us to stay ahead of the industry, where we have come in 11.79

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Hospitality Hospitality Customer Experience Catering 493

Modern Restaurant Management

NOVEMBER 9, 2021

In 2020, ransomware attacks increased by at least 7x. Not long ago, JBS, the largest beef processing company in the world, had gone through a ransomware attack in which they ended up paying an $11 million ransom. You might initially think that your restaurant or small business wouldn’t be the target of such an attack, but think again.

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Modern Restaurant Management

APRIL 10, 2024

Restaurant operators have faced stiff headwinds since 2020, with a near-constant swirl of inflation, supply chain and labor challenges. In November 2023, the National Restaurant Association reported that full-service restaurant employment levels were still 4 percent below February 2020 readings.

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Modern Restaurant Management

MARCH 19, 2021

percent (ccc) probability of default (PD) right off the bat in April of 2020. Moreover, the National Restaurant Association found that: Restaurant industry sales in 2020 were down $240 billion from expected levels. Restaurant industry employees in 2020 were down 3.1 million from expected levels.

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Food Service Food Service Hospitality Hospitality 474

Modern Restaurant Management

DECEMBER 16, 2022

Since 2020, however, consumers have grown used to contactless options such as curbside pickup as a convenient choice, even as restaurants reopened their doors. Here's a look at why curbside pickup has staying power, and how you can improve your own curbside offering. Why Curbside Isn’t Going Anywhere.

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Modern Restaurant Management

DECEMBER 29, 2020

“Business owners in the food industry understand that technology, and especially that which powers delivery, is the 2020 and 2021 rising star, and they are eager to invest more into it,” said Dragontail CEO Ido Levanon. ” Levanon pointed out the role technology has played in 2020 helping restaurants stay operational.

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Food Preparation Customer Service Customer Service 493

Modern Restaurant Management

APRIL 21, 2021

At the start of 2020, starting a restaurant business or franchise would have seemed like something of a no-brainer. It’s no secret that people love eating out, with data from YouGov showing that in January 2020, 65 percent of people bought food from a restaurant at least once a fortnight.

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Hospitality Hospitality 493

Modern Restaurant Management

DECEMBER 30, 2021

We’ve seen it throughout 2020 and 2021, and now 2022 is seeing a new version of the same. QR codes, the first of the restaurant-saving technology of 2020, paved the way for newer and better tech discoveries throughout the past two years. The oldest of the tech turned out to be the most tenacious in 2020-2021.

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Customer Experience Restaurant Manager Restaurant Management Point of Sale 579

Modern Restaurant Management

NOVEMBER 2, 2021

The PPP was part of the Cares Act of 2020, which was meant to provide relief due to COVID restrictions and aid in economic security. Originally this credit was due to expire at the end of 2020, but businesses can still apply until the end of December 2021, thanks to the American Rescue Plan Act. Payroll Protection Program.

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Modern Restaurant Management

NOVEMBER 24, 2020

That said, restaurants didn’t have COVID-19 written into their budget at the beginning of 2020. In fact, the industry had a turnover rate of 75 percent in 2019 and this trend was aggravated in 2020 by the pandemic. Seasonal business owners should be consistently looking for ways to cut costs during slower times.

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Staffing Customer Service Customer Service Purchasing 576

Modern Restaurant Management

FEBRUARY 3, 2021

Dealing with a global pandemic and resulting business interruptions and locks downs, working hard to ensure employees are compensated as much as possible, facing down business liability issues – all were big issues in 2020 and are expected to be so in 2021. In August of 2020, that number surpassed 32,000 restaurants.

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Food Service Food Service Hospitality Hospitality 531

Modern Restaurant Management

SEPTEMBER 27, 2021

In February of 2020, the restaurant industry was on a long, slow march toward digital sales growth. In March of 2020, the world changed. Throughout the remainder of 2020 and into 2021, the majority of restaurant brands spent most of their energy adapting to a channel switch. Something happened along the way, though.

Customer Experience 496

Customer Experience 496

Modern Restaurant Management

FEBRUARY 11, 2021

Mobile orders were expected to drive $38 billion in restaurant revenue in 2020. What’s more, digital consultancy Mobiquity in June 2020 reported a 36 percent year-over-year increase in the number of restaurant mobile app reviewers who said it was their first time using such an app. Evolve to Meet New Customer Expectations.

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Purchasing 493

Modern Restaurant Management

NOVEMBER 14, 2022

In 2020 alone, weather and climate-related disaster events across the U.S. The 2020 derecho caused over $10 billion worth of damage in Iowa and surrounding states. Claims from social unrest in 2020 cost insurers $1-2 billion , making it the costliest instance of civil unrest for insurers in the country’s history.

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Modern Restaurant Management

JULY 26, 2021

With the Delta Variant spreading and restaurateurs picking up the pieces from 2020, what will the post-COVID world look like for restaurants? In this episode of The Main Course , host Barbara Castiglia speaks with Micha Magid, co-CEO of Mighty Quinn’s BBQ, a NY-based Authentic barbeque experience in a fast-casual setting.

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Modern Restaurant Management

MARCH 11, 2025

– Joey Cioffi, Founder and CEO, Salad House Five years ago brings us to 2020—one of the toughest years in recent history. Before 2020, the idea of takeout cocktails seemed ridiculous. The playbook is always changing, but one thing stays the same: if you’re not hustling and evolving, you’re falling behind.

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Customer Experience Staffing Inventory Catering 471

Modern Restaurant Management

FEBRUARY 11, 2020

Restaurants, cafés and hotels are offering premium tea service – and profiting – in 2020. Businesses in the restaurant, café and hotel sector are looking to elevate their tea game in 2020. As staff interest grows and your tea business increases, you can always add different origins and tea styles.

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Food and Beverage Food and Beverage Customer Experience Chef 576

Modern Restaurant Management

OCTOBER 22, 2024

percent, about 87,000 positions, above their February 2020 employment peak, according to the National Restaurant Association. Staffing levels have been on the upswing since the dark days of the pandemic, with the number of jobs at bars and restaurants up nearly 0.7 Quit rates have also fallen since then.

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Staffing 332

Modern Restaurant Management

MAY 16, 2022

That’s up from $640 billion in 2020. In 2020 the pandemic severely hit restaurants across the U.S. Midway through 2022, COVID-19 is still a problem, albeit nowhere near the size and scope of 2020 and 2021. ” Covid Issues Still on Front Burner. with many having to shut their doors.

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Restaurant Management Restaurant Manager Recipes Food Service 520

Modern Restaurant Management

APRIL 27, 2020

Other than for payroll, these obligations must have existed prior to February 15, 2020. Borrowers will have until June 30, 2020 to restore employee headcount and/or wages to avoid the penalty on the forgivable nature of the loan. PPP funds can be used for payroll expenses, rent, utilities, and interest on mortgage obligations.

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Food Service Food Service Hospitality Hospitality 540

Modern Restaurant Management

JANUARY 22, 2021

Marketing a restaurant looks completely different today than it did heading into 2020. The privacy landscape underwent numerous changes in 2020 and will continue to evolve into 2021. The pandemic forced restaurants to completely transform how they operate, which naturally impacts how they interact with consumers.

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Modern Restaurant Management

MARCH 10, 2021

The eligible wage amount has been increased to $10,000 per quarter (per employee), as opposed to 2020, the eligible wage amount was $10,000 per year (per employee). The credit is now 70 percent of the aforementioned eligible wages, whereas in 2020 the credit was at 50 percent. How do the ERTC and PPP loan interact?

Inventory 531

Inventory 531