COVID-19’s impact on the restaurant industry was fast and deep. MarginEdge, which provides back-office platforms, analyzed sales and operational data from nearly 2000 restaurants in 47 states and estimated a drop in sales of 66% between March 11 and March 22, when most of the nation was under strict lockdown.
The global pandemic, which was declared by the World Health Organization on March 11, 2020, has — through a series of alerts, lockdowns and quarantines aimed at slowing the coronavirus’ spread — accelerated change, transformed hospitality and, sadly in some quarters, decimated the industry.
Harbor Foodservice, leading broadline distributor to restaurants in the Pacific Northwest, announces partnership with MarginEdge, a restaurant operations management platform.
Leading restaurant management platform, MarginEdge announces the launch of a new labor management tool designed to provide daily cost reports to restaurant operators. The new expense management feature provides essential guidance to restaurant owners.
MarginEdge Co., whose software digitizes bookkeeping for its restaurant customers, raised $4 million in an oversubscribed round in November. That capital brought the tech company’s total funding since 2015 to more than $15 million.
MarginEdge announces the appointment of Kevin O’Nell as Senior Vice President of Payments, overseeing data integration and payment processes for the leading restaurant management platform. The growing startup has raised over $15 million in funding and provides smart technology to assist restaurants with financial and operations management.