What does a NSF certification mean for your restaurant?
When you operate a commercial kitchen, hygiene and safety are top priorities. You’ve probably implemented strict food safety practices, but when was the last time you evaluated your kitchen equipment? The design, materials and functionality of your refrigerators, water heaters and beverage dispensers can have a big impact on overall sanitation. That’s where National Sanitation Foundation (NSF) certification comes in. Buying NSF-certified food equipment is one way to ensure your restaurant kitchen meets the highest safety standards. What is NSF International? NSF International, previously known as the National Sanitation Foundation, is an independent certification organization. It develops strict standards for…
Ghost Kitchens Vs. Virtual Restaurants
Scroll through any major food delivery app and you’re likely to come across restaurants that seem to only exist online. Chances are, they’re ghost kitchens — virtual brands that use delivery platforms like Grubhub to reach hungry diners. Flexible and cost-effective, this business model is an ever-growing trend in the restaurant industry. Developing a virtual brand is a great way to capture the growing delivery industry. Restaurateurs, chefs, and entrepreneurs will typically launch their virtual brands either through a ghost kitchen or as a virtual restaurant that operates in tandem with their brick-and-mortar concept. How we talk about virtual brands…
How to Recruit New Restaurant Staff
Delicious food is only half the battle in building a successful restaurant — you also need exceptional employees. Restaurant staff are responsible for providing high-quality service, humanizing the business and embodying the values and personality of the brand. With a finely honed recruiting and hiring process, you can build a high-performing team. What restaurant positions do you need to fill? Every restaurant has different hiring requirements; your staffing needs will depend on the size of the restaurant, the type of service, and the average number of customers. Counter-service restaurants typically require fewer employees than traditional eaters, for example. An average…
American Hotel Income Properties REIT (OTCMKTS:AHOTF) Price Target Raised to C$3.00 at National Bank Financial
American Hotel Income Properties REIT (OTCMKTS:AHOTF – Get Rating) had its price objective hoisted by National Bank Financial to C$3.00 in a research report released on Monday morning, The Fly reports. Separately, Scotiabank dropped their price objective on American Hotel Income Properties REIT from C$3.75 to C$3.50 in a report on Tuesday, March 7th. American Hotel Income Properties REIT Stock Performance AHOTF opened at $1.90 on Monday. American Hotel Income Properties REIT has a one year low of $1.69 and a one year high of $3.06. The business’s 50-day simple moving average is $1.84 and its 200-day simple moving average…
Social Media Holidays Your Restaurant Marketing Can’t Miss
There are thousands of restaurants in the United States serving up dishes from juicy hamburgers to steamy ramen and everything in between. Depending on the specific area, consumers may have dozens or even hundreds of restaurants to choose from. So how are diners deciding where they’ll ultimately eat? It turns out there are lots of reasons consumers might choose a particular restaurant. About one-third of people consider guest reviews, and some 90% check out restaurants online before dining there. It’s hard to pinpoint what exactly each potential guest is looking for, but it’s likely a combination of these factors: Does…
How to franchise a restaurant like a pro
When you run a successful restaurant, it’s not uncommon to receive franchising requests. The prospect can be attractive — allowing other people to open restaurants under your brand brings in more profit without the work and risk of running other locations yourself. Before you make the decision to franchise a restaurant, be sure to understand the process, the advantages and disadvantages. What is a franchise? A franchise is a type of business where a company owner, or franchisor, licenses their company name and brand to other people. These franchisees open their own locations with support from the parent company. In…
What you need to know about restaurant accounting
Restaurant accounting is a uniquely complex process. Financial transactions pass through a variety of employees, including hosts, servers and bartenders. With all these inputs, a comprehensive accounting process is a must for restaurant owners — it helps you maintain accuracy, stay legally compliant and maximize profits. Importance of efficient restaurant accounting Restaurant accounting is the process of recording, monitoring and analyzing a food-service company’s financial transactions. A solid accounting system tracks the restaurant’s finances, providing a clear picture of the health of the business. Efficiency is critical, especially in the restaurant industry — restaurants often operate on tight profit margins,…