Increase financial control with quick, simple, secure credit card processing and account transfers Table Needs, a leading provider of restaurant technology and business services for quick service restaurants, cafes and food trucks announced today the launch of next-business-day point of sale (POS) deposits. Restaurant owners and food truck operators can now receive payments from credit…
Operating a restaurant is a balancing act. There’s a ton to manage on a daily basis: serving top-notch food and beverages, managing staff, taking care of customers, tracking orders, cleaning, opening and closing your restaurant. While it’s easy to get wrapped up in the daily grind, as a restaurant owner, it’s essential to make time…
Knowing which metrics to monitor can make or break your restaurant business. With so many ways to slice and dice data using your point of sale, there are endless options but only a few metrics are true indicators of the health of your restaurant. In my experience as a restaurant owner, consultant, and CEO of…
Do you know the #1 concept that will determine if your restaurant thrives or dies? A lot goes into running a restaurant but if your goal is to have a successful, thriving restaurant business, you need to keep one important number in mind at all times: Contribution Margin You’re not alone if you don’t know…
It’s expensive to run a business and with inflation, gas prices and rates increasing, more small business owners are looking for ways to save money and offset credit card processing fees. You may have heard some merchant service companies advertise “free” credit card processing or “no fee” credit card processing. These offers can be tempting…
While reviewing your payment processing report at the end of last month, you noticed a bunch of extra fees on your merchant statement. Sure, you know what you’re supposed to be paying for credit card processing but what are these other charges? And wait… why is your processing rate so high all of sudden?! Sound…
Algorithms and Antipasti: Interpreting the Sales Data From Your Menu Let’s start with a short refresher on menu engineering. Menu engineering is data-driven menu design that analyzes the popularity and profitability of menu items. It couples this analysis with human behavior patterns to determine the best menu structure and organization for your restaurant’s menu. Table Needs…
This will come as no surprise to restaurateurs: When a customer swipes their debit or credit card on their POS machine, the restaurant pays a percentage — say, 2% — to the bank for using its machine. It’s also no secret that percentage adds up. Of course, it can be significantly higher than that. To…