Remove Cash Management Remove Government Remove License
article thumbnail

How to Buy a Restaurant: An Ultimate Guide

7 Shifts

Tack on obtaining permits and licenses, and you could be in for a pretty big check. They could also be trying to get out of a bad situation—be it management, building, or market related. Find out the true costs Understanding the businesses food and labor costs, monthly overhead, and a clear picture of the business cash flow.

License 444
article thumbnail

Owning a Bar: Everything You Need to Know

7 Shifts

Another option is to look into government programs that might offer financial assistance for small businesses. Specialty bars focus on a particular type of drink or theme, such as wine bars or cigar bars, but can be much more expensive to manage. Hiring a Strong Team You'll need a manager, bartenders, waiters, and security.

Bar 370
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Ultimate Guide to Getting a Restaurant Business Loan

7 Shifts

Management Team : document your team and why they have the experience and expertise to make your restaurant a success. Include 5-year financial projections including an income statement, balance sheet and cash flow statement showing that your restaurant will be able to repay any loans with interest out of operating profits.

Document 393
article thumbnail

Tyga Bites and Sushi with an Attitude

Modern Restaurant Management

and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. This year’s Neighborhood to Nation Contest will double the number of winners to award 20 prizes of $5,000 in cash along with a robust marketing package.

article thumbnail

How to Read a Restaurant P&L (Profit and Loss) Statement + Free Template

SpotOn

Joe Nicholson was a manager and tech consultant at one of the busiest restaurants in Sacramento, CA—Tower Cafe. Now, as a copywriter at SpotOn, he helps restaurant owners and managers learn how to run a more profitable operation. Spotify, ASCAP/BMI licensing fees), and special events. Prime costs. Contribution margins.

article thumbnail

How to Buy a Restaurant: An Ultimate Guide

7 Shifts

Tack on obtaining permits and licenses, and you could be in for a pretty big check. They could also be trying to get out of a bad situation—be it management, building, or market related. Find out the true costs Understanding the businesses food and labor costs, monthly overhead, and a clear picture of the business cash flow.

License 195
article thumbnail

Fast-Casual Academia, Climatarian Menu and Ice Auction

Modern Restaurant Management

“Without assistance at all levels of government, many of these businesses will be forced to close their doors. Laws governing alcohol consumption must always be observed, and hospitality businesses must remain informed of current rules and regulations. ” says Amber Sheppo, SVP, Licensing, Endemol Shine North America.