Grubhub’s Post

Volume. That’s what Andrew Custage says is the key to making virtual restaurant concepts work. While virtual restaurants benefit from shared real estate and labor costs, they face significant commission fees from platforms like DoorDash. This makes it crucial to drive high daily sales. If a virtual concept can consistently generate strong demand, it can be a lucrative addition to a restaurant's offerings. Without that volume, though, profitability may be elusive. If you’re interested in how the restaurant industry is changing, reacquaint yourself with this special Greatest Hits episode of Getting to Aha!, where Andrew Custage Senior Director and Head of Insights at Medallia joins host Darshan Mehta. 🎧 Check out the full episode in the comment below… 👇 #dataanalysis #customerexperience #behaviouralinsights #gettingtoaha

Volume. That’s what Andrew Custage says is the key to making virtual restaurant concepts work. While virtual restaurants benefit from shared real estate and labor costs, they face significant commission fees from platforms like DoorDash. This makes it crucial to drive high daily sales. If a virtual concept can consistently generate strong demand, it can be a lucrative addition to a restaurant's offerings. Without that volume, though, profitability may be elusive. If you’re interested in how the restaurant industry is changing, reacquaint yourself with this special Greatest Hits episode of Getting to Aha!, where Andrew Custage Senior Director and Head of Insights at Medallia joins host Darshan Mehta. 🎧 Check out the full episode in the comment below… 👇 #dataanalysis #customerexperience #behaviouralinsights #gettingtoaha

Want to know the secret behind Chipotle's rapid rise in the fast food world? In 2020, Chipotle revolutionized its service by introducing "Chipotlanes"—drive-thru pickup lanes designed for mobile orders. This innovative approach allows them to serve more customers faster than ever. Fast forward to November 2022, and Chipotle proudly celebrates its 500th Chipotlane, marking a pivotal moment in its long-term strategy. With 250 new restaurant openings and 7,000 jobs projected for 2023, Chipotle shows no signs of slowing down. For more intriguing business insights, follow ManagePlus #FastFoodRevolution #Chipotle #BusinessStrategy #ManagePlus #marketing #businesshack #successfulstory #storytelling

🌮 On this day, 13 July 1993, Chipotle opened its first restaurant in Denver. With just 1,000 sq. ft. and a $85,000 loan, Steve Ells ignited a culinary revolution. Fast forward to today, and Chipotle boasts 2,850+ locations worldwide. That's a 285,000% increase in stores. Talk about scaling up! Back then, Ells' vision was simple: a place where people could eat food made with real ingredients. That vision now serves over 750,000 customers daily. Revenue? Just a modest $9.9 billion in 2023. From one tiny storefront to a global empire, Chipotle's journey proves that big things often have small beginnings. Next time you enjoy that burrito, remember: it all started with a single, ambitious step in Denver. ----- Subscribe to the daily newsletter briefdose.substack.com and stay updated on 5 stats from the world of tech & money 🔔

If you've got questions about revenue & labor & COGS (oh my!) --> you're in luck! Kickfin is thrilled to be a sponsor of the P3 PROFITABILITY SUMMIT happening in St. Louis, July 14-16. Hosted by the restaurant strategy wizard himself, Chip Klose, MBA, attendees get access to two full days of deep-dive content, plus networking with fellow owners and operators. A few things you'll catch at the Summit... 💡 The #1 way to increase topline revenue in your restaurant 💡 Best practices for attracting, retaining, and developing a great workforce 💡 The best ways to manage inventory and ordering to get your COGS percentage to 25% 💡 Understanding the state of tipping in our industry (auto-grat, service charges, tip pools, and more) ...and a (whole) lot more. Space is VERY limited — RESERVE YOUR SPOT HERE:

Elated to have my blog published on Tuck360 It was amazing to meet the President and CEO of McDonald's during his talk at The Tuck School of Business at Dartmouth Learnt a lot of leadership wisdom and the marvel processes behind the “I’m lovin it” experience What are some the key learnings you had from CXOs and global leaders that really inspire you ? Comment below #leadership #business #innovation #ceo

📈A Game Changer for Restaurants! 🍽️ We’re thrilled to share this fantastic review from Jonathan, one of our valued partners: “Partnering with MTIPLY has been a game changer for us.” At MTIPLY, we specialize in creating virtual restaurants for small restaurants in California, helping them expand their reach and boost delivery sales. Here’s how partnering with us can transform your business: 🔹 Increase Demand: Attract more customers with our innovative virtual brands. 🔹 Boost Revenue: Multiply your sales through optimized delivery operations. 🔹 Maximize Resources: Utilize your kitchen staff and food inventory efficiently, essential in times of rising costs. 🔹 Easy Setup: Our process is designed to be simple and seamless, so you can focus on what you do best—cooking great food! Join the many restaurants experiencing unprecedented growth with MTIPLY. Visit www.mtiply.co to learn how we can help your business thrive🚀 #MTIPLY #VirtualRestaurants #Restaurants #RestaurantGrowth #CustomerSuccess #FoodIndustry #SmallRestaurants #HelpRestaurants #BusinessBoost #DoorDash #Uber #UberEats #GrubHub #Postmates

🍿 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

ARE YOU  Struggling to scale your restaurant?  Feeling isolated?  Tired of slow growth? Stuck in the daily grind?  Need effective strategies?  Join the Founders Growth Summit to get out of the stuck and into scaling for success!  Apply to Register at foundersgrowthsummit.com . . . . . #EffectiveStrategies #RestaurantGrowth #FoundersGrowthSummit #KWP

Exciting News! Our CEO, Matt Briggs, will be speaking at the Digital Transformation in Fast Casual QSR Summit on June 11th! 🗓️ Matt will join Dylan Roeder, Chief Marketing Officer of Swig, for a thought-provoking panel on Drive-Thru Efficiency. 🚗💨 Learn more about:  -Order Accuracy: How Swig leveraged Crisp Restaurant System's technology to enhance order accuracy and reduce errors. -Data-Driven Decision Making: Real insights into menu optimization, staffing, and operational improvements using data analytics provided by Crisp. -Scalability and Adaptability: Solutions that address current needs and future growth opportunities. Don't miss this chance to gain valuable insights into streamlining smart restaurant operations! Stay tuned for more updates. #QSR #RestaurantManagement #DigitalTransformation #Crisp #Swig #Innovation #efficiency