There are many different types of POS systems on the market. There are hardware systems, software systems, and add-on services available. The price of each POS system will vary depending on the features you choose. So first, read on to learn about the different features available and how much they cost. Then, once you’ve decided on a system, compare prices to understand how much it will cost your restaurant.
POS software
POS software costs for a restaurant are usually comparable to those for retail businesses. Depending on the system you require, they might cost $69 per month or $2,400 per month. Some POS systems can integrate with accounting software or CMS platforms. Others offer additional features, such as online ordering modules and customer loyalty programs. Some POS systems may also include gift cards and loyalty programs, integrating with appointment management apps. Restaurant point of sale systems, of course, works together to handle workflow and transactions.
Another thing to consider is the age of your diners. Are they comfortable with technology? If you have older customers, customer-facing interfaces may be more accessible for them to use than modern technology. In addition, younger customers may not be as familiar with new technology as older diners. Consider this when deciding on POS software for your restaurant. You’ll find many options for a small restaurant’s needs online.
POS hardware
The POS hardware costs for a restaurant can vary depending on the system used. Most systems rely on iPads, running anywhere from $329 to $599. You can get the cheaper iPad Mini for under $200 or the more expensive iPad Air or Pro for about $500. However, not all POS systems use Apple handheld computers, so you should check whether your business needs a cash drawer. You don’t need one in a modern business, but it is still better to have one than not have one.
A POS system for a restaurant can also require a barcode scanner, network cables, a server, and more. In addition to the registers, you may also need to purchase an additional tablet or receipt printer. A POS system includes basic marketing features, employee management, CRM, and inventory management. Restaurants may want to consider the cost of POS hardware, which can easily be over $3,000 for one register.
POS add-on services
If you’re looking for a POS solution that can help you manage and grow your restaurant, you’ll want to look at POS add-on services for restaurants. Most of these services can be customized to your specific needs and even provide automatic upsell prompts for your employees. Using such an app will help your employees provide consistent service levels to each customer and increase your average check size.
Some of the most popular POS add-on services for restaurants include menu customization, pickup tools, inventory management, and flexible payment options. These tools are excellent for managing employee time and reducing shrinkage. You can also use them to ensure your inventory and sales reports match. With so many options, you’re sure to find the perfect system for your restaurant. And with the help of these add-on services, you can even automate your processes and streamline your business.
POS pricing
POS software for a restaurant can range widely in price. The hardware itself is a vital component of a POS system, which may make up a significant portion of the total cost. Touchscreens are common among restaurant POS systems, making it easy to customize the menu items to your customers’ preferences. On-premise software for a restaurant may be a better choice for restaurants with multiple locations, as it allows for touchless payment methods and is compatible with COVID-19 regulations.
Regardless of size, restaurant POS systems should have robust reporting capabilities. For example, the ability to compare the actual costs of certain items against theoretical expenses can help you determine which dishes are selling best. Often, restaurant POS systems are capable of connecting to third-party tools, such as inventory and sales reports. In addition to these features, the ability to integrate your restaurant’s website with third-party devices is also a plus.
