You can not effectively run your restaurant business if you don’t have the right equipment that can help you manage the revenue your establishment receives every day. A manual cash system may work fine, but to make sure that you can track everything faster and in a more organized and sophisticated manner, a point of sale or POS system is a recommended choice for your restaurant.
With that said, how much does a restaurant pos system cost these days? And what do you get from investing in this kind of equipment?
Prices of a Restaurant POS System
Before giving an in-depth discussion of what a POS system is, let’s get to know the cost of pos system first. Apparently, the costs significantly depend on many factors, including the type of restaurant you have, the choice of the hardware (i.e. a computer, a touchscreen, or a tablet), software, and additional features. The following prices are just estimates, but they give you an idea how much you can pay for a restaurant pos system cost.
If you wish to invest in a complete POS system, which comes with the necessary hardware and software technology, then the total expenditures can range from $1,000 up to $20,000. The cost varies according to the number of hardware you want to get and your preferred software.
Complete POS Systems
When you are on a limited budget, you have the option to purchase a newly refurbished yet complete single restaurant POS system station for, more or less, $1,000. Such price already includes a 15-inch LCD monitor, CPU, cash drawer, customer display pole, barcode scanner, receipt printer, and a software technology. For $2,000, you get a POS system package that consists of a Lenovo computer with a 15-inch touchscreen LCD, an Epson thermal printer, and a software.
If you have a bigger restaurant, then you need to have more than one POS system station to manage your daily profits. You can invest your $4,000 for a 2-terminal POS system that comes with two touchscreen monitors, a cash drawer, two receipt printers, a software license that features a credit card functionality, and even a kitchen printer. Meanwhile, an $8,000-worth of restaurant POS system has four computers with 15-inch LCD touchscreens, four receipt printers, a cash drawer, a remote support, a wireless router for internet availability, software technology, and cables.
A more sophisticated restaurant POS system approximately costs $12,000. Yes, it is a big investment, but it’s going to be worth the price as it comes with many types of hardware and a more advanced software. It uses a SoftTouch POS system that features a complete set of office tools, take out and delivery managements, and dining room and bar operations. Aside from the software, you get four 15-inch LCD touchscreens integrated with a card reader, four receipt printers, and a wireless router, to name a few.
Just The Software
If for instance, you already have the needed set of hardware tools, then you spend around $200 to $1,000 for the restaurant POS software. The Aldelo Lite POS software, which is efficient for fast food establishments and other small restaurants, costs about $400. With this software, taking orders, tracking orders, and managing delivery drivers become more manageable than having a manual cash system.
Another software you can consider is the MicroSale Restaurant POS System, which can range from $750 to $1,000. It has a higher price than the Aldelo Lite because it has a straightforward setup and features a set of system operations such as menu programming, seating reservations, credit card processing, employee time clock, inventory management, support for wireless devices, and a whole lot more.
There is also the Core Software by Toast, costing $100 per month. It features a mobile POS technology and Customer Relationship Management. Aside from those features, it also provides reports on labor, sales, and menu, as well as, takeout & catering functionality, 24/7 technical support, and necessary software updates.
TryCake provides software and related services for a payment of $69/month.
Types of Restaurants and Why the Need for a POS System
Apparently, there are many types of restaurants we see everywhere. In fact, there is a restaurant for every type of food we like – bakeries for pastries and cakes, coffee shops for coffee and tea, pizzerias for pizzas, and the most common fine dining restaurants.
Although a typical cash register is the most common machine to keep the restaurant’s earnings, it would be much better to have a more advanced system to track the money that comes in and out of your business, as well as, the services you offer to your valued customers. On that note, here are the reasons why a POS system is a useful and helpful tool for your restaurant.
1. Full-Service Restaurants
Fine dining restaurants are included in this category, and with the use of a POS system, you can take care of your guests from the moment they get inside until they pay the bills. You provide them with a modernized menu and take their orders through tablets. Basically, everything is done through computers.
2. Quick Service Establishments
From the name itself, this type of restaurants should be very responsive and flexible in taking the orders. A POS system specifically designed for a quick service restaurant can make the operations faster and smoother.
3. Restaurants Operating in Many Locations
If you are operating more than one restaurant in different locations, then there is no better option than a POS system. Having a POS system can help you gather customer data and use them to analyze the menu sales from all the branches. It will also help you organize the inventories of your business, so nothing gets lost in the way.
4. Bars and Night Clubs
More than just getting large crowds and earning high sales every night, bars and night clubs achieve great success if they provide their guests with a great time.
5. Cafes and Bakeries
A POS system can show you the products that are best-sellers. You can take their orders easily by just touching the buttons on the LCD touchscreens.
6. Food Trucks
Since you are moving from one place to another, you can customize or edit your menu along the way the features of a POS system. You can even connect the system to the internet and search the ingredients needed to make a certain dish.