Slice helps pizzerias manage their customers to maximize their value. But don’t take it from us, take it from Sal.
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Bar and restaurant managers! 📢 Looking for a game-changer to elevate your business? 🤔 Look no further! Backbar is here to revolutionize your operations and boost your success! 🚀 📈 With Backbar's powerful tools, you can now track your business operations effortlessly. 📋 From inventory management to sales analytics, we've got you covered. 💪 🧠 Making informed decisions has never been easier! Backbar provides valuable insights, allowing you to make educated business choices. 📊💡 🔍 Worried about the health of your business? 🤔 Backbar's comprehensive reporting system keeps you in the loop, highlighting key performance indicators and areas that need improvement. 💼 💥 Ready to take your bar or restaurant to the next level? Sign up for Backbar today and experience the difference! 💯✨ ✅ Don't miss out on this incredible opportunity! Click the link below to sign up and try Backbar now! 👇 🌐 https://bit.ly/41W5EIf 📣 It's time to unlock the full potential of your business with Backbar! 🏆 Maximize profits, streamline operations, and stay ahead of the competition. 🚀🍻 #Backbar #BusinessSuccess #BarManagement #RestaurantManagement #DataDrivenDecisions #BoostYourBusiness
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Consultant Commercial Partnerships Director | Foodservice | Strategic Partnerships | Channel Strategy | Business Development | 11yrs retained Krispy Kreme UK & Global
I'm delighted to have been asked back to Restaurant & Takeaway next week. The subject this year will be "Partnerships for Growth" and sharing some stories on how we created over £20m of recurring revenues using this strategy. I'll share tips that we used as a growing organisation that I believe you can use from single site start up to multi site, multi £m turnover businesses. Last year I spoke about winning in on-demand delivery and next week there will be some reference to that, and how we used partners to scale. I'll also share current footfall driving strategies If you're going come say hello. #restaurantgrowth #hospitalitygrowth #growthtips #partnershipsforgrowth #growth #footfalldriving #profitablepartnerships
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I'm excited we're putting rocket boosters on Axial Shift via Silverton Partners with Mike Dodd! Axial Shift platform will change the way restaurants operate and drive revenue by empowering the frontline and improving their work experience. Founded and Chaired by Ellis Winstanley, owner of El Arroyo (and 7 other restaurants). Led by Justin Buckley and Matthew Woodings (previously HotSchedules). I'm a board member and investor. What does Axial Shift Do? Managers are able to foster healthy competition among team members, create contests, and set goals for frontline teams. Staff can see – in real time – how they are performing throughout their shift. They can earn badges, chase monetary incentives, and create winning streaks. Their efforts are benchmarked across teams to create an experience that makes work feel more like play and increased sales feel more like personal accomplishments. The result is empowered frontline managers, engaged staff, and increased sales across locations. https://lnkd.in/gb4nGQgn #restaurants #restaurantsoftware #restaurantindustry #restaurantoperations #saas
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Getting the "Big Things" right in business are table stakes - such as, having a product that delivers what you promise. However, it's the "Small Details" that drive a fulfilling and genuine partnership: - The eagerness to fly onsite for customer QBRs and customer conferences - The reliable and quick responses from the Support team - The accountability and guidance from Customer Success - The transparency from the Sales team - The innovative mindset from Product & Engineering - The effort from Leadership in driving alignment with our customers' visions Passing $100M in ARR is a byproduct of Crunchtime getting the small details right. I guess it's true when they say the small things, end up being the big things 😉
🌆 Today, we’re dubbing it CRUNCHTIMEs Square, because when it comes to restaurant ops, it’s all in the name. 🌟 We're incredibly honored to be featured on the Nasdaq Tower in Times Square, shining brightly among the world's biggest brands. 🚀 Here's to celebrating this epic achievement and looking forward to even bigger things ahead. https://lnkd.in/eEwjdjrg #restauranttech #restaurantoperations #operationalexcellence
We’re taking a CRUNCH out of the Big Apple to celebrate the rare milestone of surpassing $100 million in revenue.
crunchtime.com
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🍕🎉 Big cheers to our client, Shaz Khan, and his restaurant Tono Pizzeria + Cheesesteaks, on their 7th new location in Southwest Minneapolis this Spring! And guess what? There might be one or two more locations popping up in 2024! 🚀 At Tono, leveraging the 5-Out forecasting tool has revolutionized their approach to business. By bringing all their performance metrics into one comprehensive dashboard, they've streamlined operations and sharpened their decision-making process. We’re thrilled our tech is a key part of their growth story, ensuring they kick off with a bang. 💥 👉 If you haven’t explored what 5-Out can do for your business yet, now’s the time to discover how our platform can transform your restaurant's operations too. #restaurantindustry #clientsuccess
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📊🍔 Understanding Valuation Multiples for Limited Service Restaurants When it comes to valuing a limited service restaurant, there are several key multiples that investors and buyers consider. Let's dive into the most common ones: revenue, EBITDA, and SDE multiples. Revenue Multiples: Revenue multiples are a quick way to estimate a restaurant's value based on its total sales. They're easy to calculate but don't account for profitability or expenses. Positives: ✅ Simple to understand and compare ✅ Useful for restaurants with consistent sales Negatives: ❌ Doesn't consider costs or profitability ❌ Can overvalue low-margin businesses EBITDA Multiples: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) multiples focus on a restaurant's operating profits. They provide a clearer picture of financial performance but may not reflect the owner's full benefits. Positives: ✅ Accounts for profitability and operating efficiency ✅ Allows for comparisons between restaurants with different debt levels SDE Multiples: SDE (Seller's Discretionary Earnings) multiples consider the owner's total financial benefits, including salary, perks, and one-time expenses. They're especially useful for valuing small, owner-operated restaurants. Positives: ✅ Reflects the owner's full financial benefits ✅ Helps buyers understand the restaurant's true earning potential Factors Influencing Multiples: Several factors can impact a limited service restaurant's valuation multiples, such as: 🔸 Location and market demand 🔸 Brand recognition and customer loyalty 🔸 Revenue growth and consistency 🔸 Profitability and operating efficiency 🔸 Lease terms and real estate ownership 🔸 Competition and barriers to entry Knowing which multiples to use and what influences them is crucial for accurately valuing a limited service restaurant. By understanding the pros and cons of each multiple and the factors that affect them, buyers and sellers can make more informed decisions. Considering buying or selling a limited service restaurant? Consult with a restaurant valuation expert to ensure you're using the right multiples and getting the best deal possible. #RestaurantValuation #ValuationMultiples #LimitedServiceRestaurant #RestaurantSales #RestaurantInvesting
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🍿 Exciting Announcement! JUICER and Popcorn GTM Collab to Help Restaurants Gain Profits with Real-time Revenue Management A few months ago we started seeing some really interesting content coming across our Linkedin feed by way of Mr. Ashwin Kamlani at JUICER. In that, we recognized a thoughtful, committed businessman with a penchant for leveraging compelling content, thought leadership, unflinching transparency, with a dash of humility and vulnerability thrown in for good measure. All while walking through some amazing locations that made us yearn for our next big vacation. For those of you that happen to know Ashwin or follow his awesome LinkedIn posts, you can’t deny his unique sense of style and very different approach to business. That’s what caught our attention. 🍿 👀 Today we are excited to announce Popcorn GTM’s collaborative partnership with JUICER, the pioneers in real-time revenue management. JUICER is bringing to market a solution that is hands down poised to change how restaurants look at how they price their menus, with an ROI potential that is simply off the chart. What Ashwin and his team have done is translate to the restaurant industry what hotels and many other industries have done for years. What sets JUICER apart? Their deep experience in hospitality. This isn't just about adjusting prices; it's about empowering restaurant chains to stay ahead of the curve, ensuring their menus are not only appealing but also competitively priced -- in real-time, while protecting consumer loyalty and the customer experience. For restaurant operators, this means the agility to respond to market changes, maximizing profitability while maintaining a high customer satisfaction. This also delivers a real impact to restaurants in potentially leveling out the peaks and valleys of their sales by offering pricing during off peak hours to drive sales and influence customer behaviors. 🎉 We are proud to be working with a team of visionaries and game-changers! Read more about our collab here: https://lnkd.in/ePRaEnWE Congrats to Ingrid Adolphs Drew Patterson Michael T. Beck Paul Molinari Ashwin Kamlani Arancha S. Diana Donisa Carl Orsbourn Marco Benvenuti Luca Magnasco and everyone at JUICER! #dynamicpricing #precisionpricing #competitiveintelligence #collaboration #gtm
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🌟 Exciting news for all bar and restaurant owners! Backbar now integrates with popular point-of-sale systems to provide you with real-time updates, track variance, prevent loss, generate daily sale reports, and give you the real cost of goods numbers. Get ready to revolutionize the way you run your business with Backbar's seamless integration with popular point-of-sale systems! 🚀 Say goodbye to guesswork and hello to accurate data that helps you make informed decisions. How is Backbar's integration with popular point-of-sale systems here to save the day? 1. Track variance 2. Prevent loss, 3. Get real-time updates on your sales and costs. Backbar currently integrates with: - Toast - Square - Clover (with more partners coming this year!) 📉 Take control of your business and watch your profitability soar! #BackbarSolutions #BackbarIntegration #PreventLoss #MaximizeProfits #PointofSaleIntegration 📈💸
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While dynamic pricing may make immediate business sense, does it make longterm brand sense? Food is so different from something like concert tickets and last mile delivery, where we have learned to expect the surges and determined if we wanted to splurge. But those are not perceived as essential, whereas food is. Whether fast food is *actually* essential is not really important here. Consider the customer segment that tends to go The Wendy's Company during "high traffic times" tend to be working class people grabbing lunch. They likely have a set amount they want to and plan to spend for lunch. Putting myself in the shoes of a customer going to grab lunch and being surprised by a different price depending on factors beyond their control, it would probably be frustrating and may prevent me from making that my lunch spot. Dynamic pricing can also lower benefit people when it goes down, offering discounts at certain times, of course. But the narrative focused on surging pricing. Some good conversation around dynamic pricing today, something Wendy's is testing out. What are your thoughts? #customerexperience #qsr #retentionstrategy
Restaurant Brand launches innovative tech play to help combat rising food and labor costs. This should be celebrated, right? Apparently not... I've spoken about this before, but restaurants, especially independent ones, are too often penalized for trying to be profitable whereas big tech companies are celebrated for it. The latest in this series is Dynamic Pricing. Something big tech companies like Uber and Lyft have been doing for a decade and celebrated for. Yet, recently Wendy's announced they would "try" this strategy and they're facing backlash? Chowly, Inc. helps 100's of SMB restaurants with Dynamic Pricing. Just in the last month we've helped operators put over a quarter million dollars back in their pockets. Profit, not revenue. Every time I see #restaurants try and improve their business, they're constantly met with headwinds; local regulators, consumers, taxes, third-parties, etc. Look, dynamic pricing might not be a fit for every restaurant. It might not even be a fit for Wendy's, but can we at least let restaurants try to innovate and afford them the same support we do of the big tech companies? I'm always so impressed with the resilience of restauranteurs in spite of these headwinds and I hope to always be an ally to them. #dynamicpricing #innovation
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Restaurant Brand launches innovative tech play to help combat rising food and labor costs. This should be celebrated, right? Apparently not... I've spoken about this before, but restaurants, especially independent ones, are too often penalized for trying to be profitable whereas big tech companies are celebrated for it. The latest in this series is Dynamic Pricing. Something big tech companies like Uber and Lyft have been doing for a decade and celebrated for. Yet, recently Wendy's announced they would "try" this strategy and they're facing backlash? Chowly, Inc. helps 100's of SMB restaurants with Dynamic Pricing. Just in the last month we've helped operators put over a quarter million dollars back in their pockets. Profit, not revenue. Every time I see #restaurants try and improve their business, they're constantly met with headwinds; local regulators, consumers, taxes, third-parties, etc. Look, dynamic pricing might not be a fit for every restaurant. It might not even be a fit for Wendy's, but can we at least let restaurants try to innovate and afford them the same support we do of the big tech companies? I'm always so impressed with the resilience of restauranteurs in spite of these headwinds and I hope to always be an ally to them. #dynamicpricing #innovation
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