Category: Restaurant Business

Restaurant businesses are at considerable risk of having financial loss due to several reasons such as ever-increasing restaurant operating costs and low margins for profits; additionally, they also suffer financial problems because of tough competition and the ever-changing preferences of patrons. Hence, owners are always in search of effective ways to reduce their financial risks in restaurant businesses. Operating a restaurant requires considerable investments in properties (rented or owned), utilities, cooking accessories, machines, inventory, labor,...

There is no question that online restaurant ordering trends skyrocketing after the pandemic pushed people into the ‘no touch or travel’ phase. And, as luck would have it, people not only liked it but also continued to date. Domain experts also agree that such on-demand service applications are not going to fade away soon. Restaurant online business has been flourishing ever since. In the Meal Delivery segment, according to Statista, the number of users is...

According to Fortune Business Insights, the global food service market is likely to shoot from $2,646.99 billion in 2023 to $5,423.59 billion by 2030, at a CAGR of 10.79% in the estimated period. Thanks to restauranteurs’ sheer efforts to retain the older customers with their loyalty and attract new ones to flourish their restaurant or food business; however, it is of paramount importance that customers are given satisfactory quality of food dishes and the best...

The business of food and beverages in terms of restaurants has been shining ever since its inception. This is because eating out was just fun, but today, it has become quite a necessity for many who are singles and office-goers. The number of restaurants, food joints, and café has increased manifold in the past few years, and adding the boost was the pandemic that changed people’s habit of purchasing and ordering services online. Thus, without...

Restaurants these days prefer getting on to third-party platforms rather than indulging into restaurant app development. GrubHub provides a streamlined platform for ordering, allowing customers to access restaurants' menus via an app or website conveniently; nevertheless, GrubHub's market share has recently faced pressure from a cluster of competitors. Now, this opens up enormous opportunities for restauranteurs to find a better option for their online food delivery services to increase restaurant sales. Expanded delivery possibilities and...

The research giant Statista quotes that the market size of the full-service restaurant industry across the world was estimated to account for $1.5 trillion in 2022, which is now forecast to reach the whopping figure of $1.8 trillion by 2030. If you own a restaurant, you have a fair chance to be a part of this trillion-dollar industry by earning great profits; nevertheless, you know that it is not an easy nut to crack. All...

Quick Summary: Are you exploring the potential of the PoS system for your restaurant? For modern restaurant businesses, managing transactions is one of the growing challenges. PoS helps to maintain transactions efficiently while offering the utmost comfort to consumers. But let us begin with a fundamental question: Do you know what the PoS system is for restaurants and how it works? This blog explores all your basic questions regarding the restaurant point of sale systems....

Third-party restaurant apps are mobile applications that allow food lovers to order food from several restaurants in specific areas and get it delivered to their doorsteps. Third-party food delivery apps adapt a business model wherein they charge a fee to the restaurants and/or the customers as they use their platform. On the market are many third-party restaurant apps such as Uber Eats, DoorDash, Grubhub, and Zomato. These online food-ordering restaurant apps have become immensely popular...

The pandemic has changed everybody’s habit of buying products and seeking services – it’s all online now. With the advancement of mobile technologies, everything is accessible from handheld devices today, and a restaurant food delivery service is no exception. In fact, the importance of online food delivery apps has grown manifold post-pandemic. According to the research giant Statista, the global online food delivery sector market size was projected at $770 billion in 2022, of which...