Modern Restaurant Management

APRIL 2, 2021

During the pandemic, restaurants have also lost over $120 billion in sales, making operating budgets slimmer than ever before. Do Research to Find Contractors Who Will Help Conserve Budget. Choosing the right contractor is more important than ever when times are uncertain and budgets are limited.

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Maintenance Budgeting Pricing Information 139

Modern Restaurant Management

JULY 22, 2024

The cost of powering up restaurants’ air conditioning enterprise-wide—on top of inflation, the high price of staples like meat, and staff salaries—can dilute their financial strength at a time of significant growth. Bureau of Labor Statistics’ Consumer Price Index Summary, the electricity index went up 5.9

Pricing 197

Pricing Facility Management Maintenance Budgeting 197

Revenue Hub

JULY 26, 2023

NB: This is an article from Global Asset Solutions Unlike other products that can be stored and sold later, the prices of hotel room nights often fluctuate based on supply and demand, with prices typically rising during peak seasons or when major events are happening and falling during slower periods.

Pricing 98

Pricing Book Marketing Article 98

Modern Restaurant Management

DECEMBER 28, 2022

Operating Expenses (OpEx) are the recurring monthly bills a restaurant or bar usually budgets for: electricity and water, rent, food and alcohol, etc. A small business bringing in $100,000 or less annually will feel the sting of a $6,000 price tag on a new commercial ice machine.

Maintenance 197

Maintenance Budgeting Reservations Back of House 197

SiteMinder

SEPTEMBER 10, 2023

What is a hotel budget? A hotel budget is a financial plan that outlines the projected income and expenditures for a specific period, usually one fiscal year. The budget also accounts for all types of expenses, including operational costs, capital expenditures, and marketing budgets. Why is a hotel budget important?

Budgeting 59

Budgeting Maintenance Front Desk Operations Document 59

SiteMinder

MARCH 16, 2025

This includes guest services, housekeeping, food and beverage management, maintenance, financial administration, and staff supervision. Budget management: With operating costs rising, managing budgets effectively is crucial. This includes front desk coordination, housekeeping, maintenance, and food & beverage services.

Guest Satisfaction 52

Guest Satisfaction Housekeeping Budgeting Regulatory Compliance 52

Hotelogix

JULY 11, 2024

From setting the right prices to attracting the right guests, every decision you make impacts your hotel's bottom line. Hotel revenue management involves strategically adjusting your hotel's pricing and availability to maximize revenue.   What is Revenue Management in Hotels?

Pricing 130

Pricing Download Book Budgeting 130

Hotelogix

FEBRUARY 4, 2024

Maintenance requests: If a guest reports a maintenance issue, you can create a maintenance request, assign it to a staff member, and track its progress. You can update prices, add new items, and manage inventory. It allows you to assess financial performance against budgets and prior year figures.

Housekeeping 147

Housekeeping Maintenance Reservations Accounting 147

Modern Restaurant Management

MARCH 3, 2020

It’s low maintenance and water-resistant. It’s often made to look like wood but can also be designed to simulate tile and stone, making it a budget-friendly option for a high-end look. It is also durable and low-maintenance, making it a great choice for restaurant environments.

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Maintenance Budgeting Pricing 215

7 Shifts

JULY 12, 2024

Compare different policies and choose one that offers good coverage at a reasonable price. Semi-variable costs Semi-variable costs have both fixed and variable components, such as maintenance, repairs, and marketing expenses. Create a maintenance schedule for each piece of equipment to keep everything in top condition.

Catering 158

Catering Maintenance Pricing Scheduling 158

Lithos POS

DECEMBER 19, 2024

Common challenges include ensuring that the solution meets your specific needs, handles growing demands, and fits within your budget. What are the setup and maintenance costs? Hidden fees and high maintenance costs can turn a seemingly affordable POS software into a costly burden for businesses.

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Maintenance Training Information Blog 52

SiteMinder

OCTOBER 10, 2023

What is cost based pricing? Cost-based pricing is a pricing method where the selling price of a product or service is determined by adding a markup to the unit cost or, in the case of hotels, the cost of keeping a room available and maintained for use. Table of contents Why do hotels use a cost-based pricing strategy?

Pricing 59

Pricing Maintenance Marketing Communication 59

Modern Restaurant Management

JUNE 29, 2023

Opening and running a restaurant isn’t always budget friendly. In most cases, repairs, and maintenance can start at $300 an hour not including the price of parts, delivery, and installation. Preventative Maintenance Routine maintenance is important to keeping your equipment working at its peak performance.

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Maintenance Budgeting Pricing 88

Revenue Hub

OCTOBER 16, 2024

Failing to consider total cost of ownership: Long-term costs like maintenance and support are often underestimated, which can seriously erode your profitability. Craft a long-term budget that includes a buffer for unforeseen costs and future price rises.

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Maintenance Property Management Article Budgeting 109

7 Shifts

AUGUST 2, 2024

This includes tolls with payroll management features, sales and expense tracking, budget forecasting, and report generation, to name a few. This number is essential because it helps you determine the price of your food and beverages. The ideal restaurant accounting software should also be user-friendly, especially for beginners.

Accounting 158

Accounting Bookkeeping Pricing Budgeting 158

Hotelogix

JANUARY 10, 2025

It's a bargain for small hotels watching their budget.  The system is missing hotel-specific functionalities, failing to include tools for managing housekeeping schedules, maintenance requests, or detailed guest records that are typically found in dedicated hotel management systems.

Book 100

Book Reservations Scheduling Housekeeping 100

Modern Restaurant Management

DECEMBER 10, 2019

Set a monthly or quarterly budget and stick to it. Forecasting can help you set the appropriate budget, taking seasonality into account. Whether it is a bill, repairing a faulty appliance, maintenance or another cost, it can have a big impact on your cash flow. Without a solid team, running a restaurant is impossible.

Budgeting 124

Budgeting Accounting Maintenance Reservations 124

7 Shifts

AUGUST 18, 2024

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. These costs are easier to budget for when opening a restaurant because they don’t fluctuate much each month. Indeed, controlling restaurant costs is one of your biggest challenges.

POS Systems 148

POS Systems Scheduling Budgeting Pricing 148

Hotelogix

FEBRUARY 1, 2024

High-end hotel management software or hotel property management systems (Hotel PSM) have a hefty price tag. For small hotels operating on tight budgets, these expenses can be prohibitive. There's the issue of cost. They even have to spend more if they go with a legacy system.

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Guest Satisfaction Training Budgeting Demo 130

SiteMinder

OCTOBER 11, 2022

From handling complaints and supervising staff to scheduling maintenance and managing budgets, this role oversees all aspects of hotel operations. Duties can include overseeing various departments, conducting health and safety audits, and managing budgets. A revenue manager’s job is to set hotel prices. Revenue manager.

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Maintenance Concierge Front of House Budgeting 72

Restaurant Engine

JUNE 9, 2021

When considering restaurant equipment financing, don’t forget to look at the prices of used versus new equipment. Ask for a copy of the maintenance records. This way you can see all the repairs that have been made as well as any regular maintenance. So, once you’re approved for financing, be sure of what your budget allows.

Maintenance 105

Maintenance Budgeting Back of House Document 105

7 Shifts

NOVEMBER 15, 2024

How do you manage the restaurant’s budget and control costs? A proactive restaurant manager often has backup plans, like alternative suppliers or maintenance contacts, to address these issues quickly. How do you manage the restaurant’s budget and control costs? One of the most important skills is preparation.

Communication 78

Communication Server Special Events Training 78

EATER

JULY 12, 2024

Despite its high price, cilantro remains essential in Mexico City’s taquerías, such as Tacos la Chula in Colonia Escandón. Over the course of this spring, as May turned to June without any sign of the usual early-summer rains, a simple ingredient reached extravagant prices. It’s unlikely to be the last time.

Pricing 134

Pricing Maintenance Marketing Budgeting 134

SiteMinder

AUGUST 1, 2024

Budget and metrics: How much will you invest in marketing and how will you measure the effectiveness of your campaigns? Assess their pricing, services, marketing strategies, and customer reviews. Marketing and advertising: Allocate a budget for marketing activities to attract guests and promote your hotel.

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Travel and Tourism Competitive Analysis Pricing Budgeting 95

Modern Restaurant Management

SEPTEMBER 5, 2024

With 59 percent of customers valuing an "outstanding" experience over product quality and price, QSRs’ success lies in rapid service. Keeping Costs Low In the constant search to cut costs wherever possible, budget management is essential to the operation of quick service chains.

Maintenance 88

Maintenance Scheduling Document Training 88

Hotel Business

MAY 16, 2024

The most popular commercial options to date are Level 2 and Level 3 chargers that deliver charging capacities of roughly 11kW all the way up to 360kW, providing optimized solutions for a range of needs and budgets. So, it may be in the best interest of businesses to take decisive action that maximizes both affordability and profitability.

Budgeting 104

Budgeting Maintenance Business Development Presentation 104

SiteMinder

OCTOBER 7, 2024

Failing to consider total cost of ownership: Long-term costs like maintenance and support are often underestimated, which can seriously erode your profitability. Craft a long-term budget that includes a buffer for unforeseen costs and future price rises. “We

Property Management 93

Property Management Maintenance Book Training 93

Hotel Owner

DECEMBER 12, 2024

Over a third (36%) of hoteliers expect their costs to rise by more than 100,000 as a result of the Budget, according to data from BWH Hotels. Alongside this, six out of 10 have reported a hike of more than 20% since the announcement of the Budget in October.

Budgeting 52

Budgeting Maintenance Pricing 52

7 Shifts

APRIL 3, 2020

Evaluate your restaurant scheduling practices to see if you are consistently over-budgeting on labor needs based on your sales. Services like 86Repairs can provide your restaurant with preferred rates on repair and proactive service, as the cost to your restaurant when equipment breaks is often far more than proactive maintenance.

POS Systems 147

POS Systems Cost Reduction Pricing Download 147

SiteMinder

SEPTEMBER 7, 2023

Examples might include resort fees that cover property maintenance, parking fees, or additional cleaning fees if guests bring pets. These include: Resort and amenity fees These fees cover the use and maintenance of on-site facilities like swimming pools, gyms, and spas. Stay away!”.

Book 105

Book Valet Services Travel and Tourism Maintenance 105

Revenue Hub

OCTOBER 25, 2023

Channel Managers ensure that your room availability and pricing information is consistent across all platforms in real-time. Rate Parity: It helps maintain rate parity , ensuring consistent prices across all platforms. These systems automate the process of updating rates and availability, saving time and reducing the risk of errors.

Book 109

Book Reservations Pricing Information 109

LimeTray

FEBRUARY 17, 2025

But how do you know which system will give you all the right tools without overcomplicating things or draining your budget? Pricing Pricing is always a top considerationespecially if youre a small restaurant owner or just getting started. Your POS should make life easier and grow with your business.

POS Systems 52

POS Systems Training Budgeting Pricing 52

Revenue Hub

MARCH 5, 2024

Revenue Limitations Imposed by Legacy Systems Inefficiency and High Maintenance Costs One of the most significant drawbacks of legacy systems is their inefficiency. A study by Forrester Research found that legacy systems can use up to 75% of a company’s IT budget just for maintenance , leaving only 25% for new initiatives.

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Maintenance POS Systems Book Article 109

Hotelogix

OCTOBER 18, 2023

It helps identify high-profit areas, understand demand patterns, and optimize pricing strategies for increased profitability. 👉Determine your budget for the POS system implementation, including software costs, hardware requirements, training, and support. 👉Cleanse and update the data to ensure accuracy and consistency.

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POS Systems Training Guest Satisfaction Front of House 130

Modern Restaurant Management

JUNE 28, 2024

The main takeaway: It’s led to higher prices and lower foot traffic at many of the state’s dining establishments. “As a result of the minimum wage increase, most chains have raised prices in the region anywhere from the mid-single digits to the midteens,” writes Hottovy. percent lower than the national average.

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Pricing Budgeting Marketing Maintenance 117

7 Shifts

JULY 16, 2021

You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! Expected menu prices. Make this calculation using the following formula: BEP =Fixed Costs / (Sales Price Per Unit - Variable Costs).

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Scheduling Marketing POS Systems Pricing 183

7 Shifts

JULY 20, 2024

By analyzing these reports, you can optimize pricing, control restaurant costs , reduce waste, and improve overall profitability. Because the sales report shows the revenue generated by each menu item, you can set your pricing appropriately to maintain healthy profit margins. This balance helps in maintaining optimal labor costs.

Scheduling 88

Scheduling Pricing Budgeting Information 88