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The Top Five Startup Costs Restaurant Owners Need to Know

Modern Restaurant Management

Remember that it can also be expensive to hire and train new employees. Therefore, if you have exceptional employees at your restaurant, do everything you can to keep them around. Food and Beverage Inventory and Paper Supplies. For example, the cost related to printing menus can also be expensive. Licensing and Permits.

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The Ultimate Guide to Restaurant Costs

7 Shifts

For example, though food costs are running costs, you should budget for beginning inventory when opening your restaurant Many of your startup costs will be one-off costs, though some are subject to annual renewals Restaurant Expenses Vs. Restaurant Costs One often confused (and misused) sets of terms are restaurant costs and restaurant expenses.

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How to Open a Coffee Shop: The Ultimate Guide

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Obtain Permits and Licenses. List all employees and partners. Once you've validated your idea, you can dive into the nitty-gritty: Obtain Permits and Licenses. In the process of opening your coffee shop, it's important to mitigate the potential risks affiliated with permits and licenses. Business License.

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As Your Restaurant Rolls with the Punches of COVID-19, Keep These Tips in Sight 

Modern Restaurant Management

Even the most creative of restaurants have struggled to keep employees on payroll – even at wages half of which they were accustomed. Many restaurants have wondered where, besides federal programs such as the Paycheck Protection Program or SBA Disaster loans, they can turn for funds, and what their legal obligations are to employees.

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A Rare Opportunity

Modern Restaurant Management

Additionally, the Napa, California-based company launched a unique exchange program and purchasing inventory from wineries to help support the loss of sales to distributors due to restaurant and tasting room closures. The firm is also reaching out to displaced sommeliers.

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8 Successful Restaurant Concepts & Ideas to Inspire and Guide You

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Pros: Very low labor and inventory costs and steady incremental sales growth. 24/7 employee scheduling can be challenging. More staff makes employee scheduling trickier. Less food inventory. Cons: Liquor licenses can be expensive. Cheap digital menu marketing that captures a share of online dining demand.

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How to Open a Bar: Comprehensive Guide on Starting a Bar

7 Shifts

However, note that bar profit margins vary due to various factors like tax rates, licensing laws, customer demographics, and the cost of living in your area. Obtain permits and licenses Remember: selling alcohol is a heavily regulated business. Before you start a bar, you must secure a license from the Alcohol and Tobacco Trade Bureau.

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