COMPANY PROFILE

Restaurant365

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Is a cloud-based all-inclusive back office solution for restaurant

Irvine, United StatesFounded 2011Food

Valuation $1–2.5B Last recorded · 2023

Revenue $100–500M Latest reported FY

Headcount 2–5k Current team size

Total funding $100–500M Disclosed equity funding

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About Restaurant365

Restaurant365 is a software company that offers a comprehensive solution for restaurant management. It caters to a wide range of clients, from single-location restaurants to large franchises with hundreds of locations. The company operates in the restaurant industry, providing a platform that integrates various aspects of restaurant operations, including accounting, inventory, labor, and scheduling.

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The business model of Restaurant365 is based on providing a subscription-based software service. It generates revenue by charging its clients a recurring fee for access to its platform. The software pulls detailed sales and labor data directly from the point of sale (POS) system, creating daily sales and labor accrival journal entries for the general ledger. This helps restaurants save time, increase accuracy, and optimize performance.

Restaurant365 also offers robust tracking tools that provide real-time visibility into a restaurant's performance. It streamlines administrative work throughout the employee lifecycle, from hiring to payroll, freeing up managers to focus on guest experiences and team engagement. The platform also provides accurate, timely data that can be easily shared, allowing restaurants to identify what's working and what's not, and make necessary adjustments.

The software has proven to be a valuable tool for franchises, as it allows them to compare their performance with other franchises and the company as a whole. It has also significantly reduced the time required for administrative tasks, such as weekly franchisee billing.

Restaurant365 has a strong partner ecosystem, connecting with over 400 vendor, technology, channel, and service partners to help restaurants succeed and thrive.

Source: Dealroom company data