Remove Equipment Remove Insurance Remove License
article thumbnail

How Insurance Needs Differ for Traditional Restaurants v. Mobile Food Businesses 

Modern Restaurant Management

Traditional sit-down restaurants and mobile food businesses have uniquely different needs when it comes to insurance. While there is some overlap in coverage needs, it’s important to understand the differences when it comes to insuring your business. Traditional Sit-Down Restaurant Insurance Needs. Property Insurance.

Insurance 190
article thumbnail

The Ultimate Guide to Restaurant Costs

7 Shifts

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. In this guide we won't worry too much about the differences, but in general: A restaurant cost is a one-time expenditure on a material resource like food, liquor, dishes or kitchen equipment.

License 370
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Owning a Bar: Everything You Need to Know

7 Shifts

Equipment : What equipment will you need? Sourcing the Right Equipment Your budget, target market, and concept will dictate your equipment needs. The size of the space is important, as you'll need enough room for customers and all of your bar's equipment. Your team : Who do you need to make this work?

Bar 370
article thumbnail

The Complete Checklist For Selling Your Restaurant In 2024: Pre-Sale, Sale & Post-Sale

7 Shifts

Asset-Based Valuation In some cases, the value of your restaurant’s assets, like equipment, furniture, and leasehold improvements, might be the best way to determine its value. For example, if your restaurant's equipment and fixtures are worth $50,000, that would become the base value for the sale.

2024 195
article thumbnail

All You Need To Know About Food Truck Insurance

The Restaurant Times

Time has never been better to open your food truck, and the most critical business step is investing in insurance. However, if you don’t have the correct insurance, your food truck might cost you thousands of dollars or perhaps your business in jeopardy in time of a mishap. . Food Truck Insurance Cost . Kind of Insurance.

article thumbnail

How to Deal with Legal Regulations Affecting Your New Restaurant

Open for Business

How to Deal with Legal Regulations Affecting Your New Restaurant There’s no universal checklist for all of the necessary licenses, permits, inspections, postings, and signage for your new restaurant. All liability with respect to actions taken or not taken based on the contents of this article is hereby expressly disclaimed.

License 78
article thumbnail

How To Start an Event Planning Business: Step-by-Step Guide

Sling

To that end, be sure to address topics such as: Mission statement Advertising Price structure Employee concerns Accounting practices Budget Marketing Equipment needs Keep in mind that your business plan is a living document. If the process seems daunting, divide it into three categories and tackle them individually.

Events 78