Remove Equipment Remove Point of Sale Remove Small Business
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How Does A Point Of Sale System Work?

BNG Point of Sale

Chances are, if you’re starting a business in retail or restaurant, people in the industry will tell you to purchase a point of sale system. If you’re new to the business, a “point of sale” or POS system is a piece of technology in which hardware and software components are used to take payments from customers.

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

7 Shifts

Other possible reasons include wanting to retire or find new business ventures. If your business is priced too high, buyers may overlook it. Moreover, a correct valuation reassures buyers that your business is financially healthy, even with the restaurant costs that come with it. Too low, and you risk leaving money on the table.

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Owning a Bar: Everything You Need to Know

7 Shifts

New Bar Options You'll need to decide on the exact business structure. However, it can be expensive and you may not have as much control over the business. An alternative is to buy an existing bar that is up for sale. This could be a good choice if you find a business that is already established and has a loyal customer base.

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How Does A Point Of Sale System Work?

BNG Point of Sale

Chances are, if you’re starting a business in retail or restaurant, people in the industry will tell you to purchase a point of sale system. If you’re new to the business, a “point of sale” or POS system is a piece of technology in which hardware and software components are used to take payments from customers.

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How to Calculate and Improve Your Bar’s Profit Margin

7 Shifts

A bar is a profitable business option if you’re looking to enter the food industry. One key area to focus on is drink sales, with cocktail sales accounting for about 23% of a bar's revenue. Start by tracking all the income your bar generates, including sales from drinks, food, and any additional services.

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THEY JUST DON’T GET IT

Culinary Cues

My town leaders, bless their hearts, try to figure out ways to strum up cash flow for small businesses. If you are not in the restaurant business, then maybe this sounds reasonable. This is who we are, we are in the service business. A tip of the chef’s toque for the good old college try.

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How Small Businesses Can Navigate Surcharges, Service Fees, and Junk Fees Law

SpotOn

Restaurants and other small businesses operate on slim margins. Repairing equipment, credit card fees, hiring and training staff are all necessary expenses, but they're costly. Restaurants, with the gratuity system and fluctuating cost of goods, often rely on service fees or sometimes surcharge fees to stay in business.