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Serving Up Protection: Navigating Liquor Liability in the Restaurant Industry

Modern Restaurant Management

Moreover, serving alcohol to minors, even inadvertently, can result in severe penalties, including hefty fines and the loss of your liquor license. This is where compulsory liquor liability insurance becomes critical, as it protects businesses that serve, sell, supply, or distribute alcohol.

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The Ultimate Guide to Restaurant Costs

7 Shifts

Your restaurant is different so ensure you find your ideal food cost (discussed later) Labor cost : Roughly 30% of revenue including management salaries of 10% Insurance varies by provider and type. Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums.

License 370
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The Ultimate Guide to Getting a Restaurant Business Loan

7 Shifts

Industry Analysis : Document the size and trends in the restaurant industry to show readers you are an industry expert. Competitive Analysis : document local competitors and show how you will be able to carve out a niche in your market. This means the bank is partially "insured" in case somebody is unable to repay them.

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Owning a Bar: Everything You Need to Know

7 Shifts

This document will outline your bar's concept, menu, marketing strategy, and financial projections. Sorting Out Paperwork and Licensing Below is a breakdown of the licenses and documentation you'll need: Business license : The cost of registering your business will vary by state and includes a registration and filing fee.

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Succession Strategies for Restaurant Owners: Safeguarding Your Legacy 

Modern Restaurant Management

” For restaurant owners, we’ll take creative license with the quote to say, “A man who owns a restaurant should be prepared to exit at any time.” One source of those funds could be a key person life insurance policy, separate from any proceeds going to the family, that is payable to the business.

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Tutorial: How to Enroll in ChowNow’s Apple Developer Program

ChowNow

You will need to provide two forms of documentation supporting any changes you make (ie. You will need to provide two forms of documentation supporting the details you input for your business. (ie. Please Note: This is documentation our team may request from you in the future, but is not something you need to complete enrollment.

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Restaurant Owners Win Business Interruption Insurance Claims

Restaurant Engine

Most insurance companies have denied claims from restaurant owners resulting from the COVID-19 pandemic. Business owners counterclaim they are entitled to benefits in Business Interruption Insurance policies that protect against lost income after a covered peril affects a policyowner. A third victory arrived when the U.S.

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