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Liquor Licensing 101 for Restaurants in Recovery

Modern Restaurant Management

A major pain point for our clients has been navigating regulatory compliance issues such as corporate officer updates, alcohol license and permit renewals, and training team members in proper alcohol service protocol. The first step is to verify your liquor license and operating permits are renewed and active. ID, Please?

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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. The upcoming section details these costs across two categories: restaurant startup costs and operating costs. Indeed, controlling restaurant costs is one of your biggest challenges.

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Owning a Bar: Everything You Need to Know

7 Shifts

Equipment : What equipment will you need? Setting up an LLC requires filing paperwork with your state government and drafting an operating agreement that outlines the LLC's rules and regulations. Sourcing the Right Equipment Your budget, target market, and concept will dictate your equipment needs.

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

7 Shifts

One of the main reasons is to cut losses due to financial challenges, with 52% of restaurant owners saying high operating and food costs are really cutting into their profits. For example, if your restaurant's equipment and fixtures are worth $50,000, that would become the base value for the sale.

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How to Buy a Restaurant: An Ultimate Guide

7 Shifts

You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. Tack on obtaining permits and licenses, and you could be in for a pretty big check. According to Investopedia , a restaurant will generally look to sell for about 25 to 40% of its annual operating income.

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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. Register your business The requirements for registering your bar depend on which city and state your business operates in.

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How much does it cost to open a restaurant?

7 Shifts

Furniture & Equipment Restaurant equipment can set you back between $100,000 and $300,000. Licensing and permits The licensing and permits your restaurant will need will vary depending on where you are. Ask an experienced colleague or lawyer which licenses and permits you’ll need to open a restaurant in your area.

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