Remove 2020 Remove Point of Sale Remove Purchasing
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MRM Research Roundup: Year-End 2020 Edition

Modern Restaurant Management

This edition of MRM Research Roundup features top trends for 2020, how 2020 changed food and the year's top wines. BentoBox released its comprehensive 2020 Restaurant Trend Report. The most ordered menu item of 2020 came from South Carolina chain, New York City Pizza, and its “New York” thin-crust pizza.

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Mitigating the Impact of Rising Interchange Fees

Modern Restaurant Management

consumers, 33 percent of these consumers used a credit card for their most recent restaurant food purchase. percent in 2020. A point of sale (POS) system which combines payment processing with restaurant management software can help make restaurant operations run smoother and more efficiently.

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Restaurant Payments Go from Cash to Credit to Contactless – to Cryptocurrency 

Modern Restaurant Management

While some restaurants welcomed cryptocurrency before 2020, many are now turning toward cryptocurrencies because of their real-time payment feature – which gives restaurants a much-needed boost. It would be like earning loyalty points at Dunkin’ Donuts and redeeming them at Arby’s. Loyalty Benefits.

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Restaurant Staffing for Today and Tomorrow

Modern Restaurant Management

Since quarantine lockdowns began mid-March of 2020, restaurants faced unprecedented turmoil. With the median profit margin between 3-5 percent , capacity maximums , and a net industry loss estimated at around $240B by the end of 2020 , every dollar counts. Before global lockdowns, the U.S. restaurant industry suffered from a 74.9

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A Case for Financing

Modern Restaurant Management

One challenging aspect of owning a small business is purchasing and maintaining expensive equipment. A 2020 Harvard Business School study reported that 74 percent of businesses do not have the cash on hand to cover an equipment-related expense. This is especially true in the food service industry.

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How to Invest for the Future When Profits are Down

Modern Restaurant Management

When six years of growth for the restaurant industry are wiped away in a year, it’s no surprise that the National Restaurant Association is saying that 2020 was the worst year for restaurants. The research is pointing toward off prem only continuing to grow in popularity with guests.

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Liquor Licensing 101 for Restaurants in Recovery

Modern Restaurant Management

The 2020 entry period garnered more than 23,600 entries for 62 licenses in 30 counties. Many restaurants now incorporate electronic ID checking machines or set point of sale reminders to specify the birthdate a guest must be born on or after to be served alcohol. Know Your Protocol. Market … Responsibly.