7 Shifts

AUGUST 18, 2024

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.

License 370

License Equipment POS Food Supply 370

7 Shifts

JUNE 4, 2021

Inventory turnover ratio. Your CoGSs is an essential number to have when determining your menu prices, inventory and impacts your net profit margin. To calculate your COGs, you need the following numbers: Beginning Inventory, or the value of the inventory you start with. Ending inventory , or what you have leftover.

Point of Sale 416

Point of Sale Inventory Employee Relations Customer Service 416

Modern Restaurant Management

SEPTEMBER 25, 2020

Gorlie’s initial investment on the Vet Chef’s opening day was $41,200, and that includes the food inventory for their first service. While you’ll likely want to hire someone to help take orders, you can realistically manage with a single part-time employee. Why Is a Food Truck a Smart First Step?

Food Truck 445

Food Truck Food Food Safety Point of Sale 445

7 Shifts

AUGUST 18, 2024

Hiring a Strong Team You'll need a manager, bartenders, waiters, and security. Find these candidates by hiring slowly: Use platforms like Poached Jobs and AllBartenders.com and ask for referrals by reaching out to family, friends, business partners, and other connections in the hospitality industry.

Bar 370

Bar License Email Marketing Customer Service 370

7 Shifts

MAY 11, 2020

Run through our guide to reopening your restaurant to plan your labor, inventory, marketing, and more so you can reopen with a bang. With many restaurants opening at the same time, there are bound to be delays in delivery of supplies and inventory, so it’s better to get ahead. Suppliers: ??

BOH 368

BOH Food Safety FOH Equipment 368

7 Shifts

JULY 5, 2024

With 50% of restaurant owners reporting inventory costs as the top concern last year, you must leverage reporting tools to see how much profit your restaurant is making and where your money is going. Running a restaurant is not just about serving great food; it’s also about managing finances.

Cash Management 243

Cash Management Inventory Seasonal Menu Beverage 243

EATER

JANUARY 21, 2021

Now, small restaurants no longer need to hire delivery personnel themselves, with many instead choosing to strike a deal with one of the apps, which in turn would connect the restaurant with an independent contractor to pick up and deliver the food.

Delivery 335

Delivery Customer Service Food Order Online Ordering 335

ChowNow

AUGUST 19, 2024

There are multiple sources for inflow and outflow, including: Cash Inflow: Sales Revenue Catering Services Business Loans Cash Outflow: Employee Payroll Inventory Costs Rent & Utilities Your total cash flow is the inflow minus the outflow: Total Cash Flow = Cash Inflow – Cash Outflow Obviously, you want to make more money than you spend.

Cash Management 195

Cash Management Management Management Inventory 195

Modern Restaurant Management

JUNE 12, 2020

Dunkin' Hirin' As more of America opens up, Dunkin’ franchisees are seeking to hire up to 25,000 new restaurant employees at Dunkin’ locations, from front-counter to restaurant management, creating immediate jobs that offer long-term education benefits and key career skills for people all across the U.S.

Franchise 420

Franchise Franchising Food Safety Kitchen Safety 420

7 Shifts

MAY 1, 2024

This is one of your core restaurant management responsibilities, especially because you handle lots of inventory in and out of your kitchen daily, including the ingredients you use to prepare your menu. One way to reconcile your accounts is by comparing your physical inventory with your inventory records.

Cash Management 221

Cash Management Inventory Employee Relations Beverage 221

Restaurant365

MARCH 15, 2022

Your hiring strategy must focus on hiring the right employees for your restaurant rather than just filling an open position. And a comprehensive approach to employee retention must be built into your hiring strategy. Consequently, it’s imperative that you hire with a retention mindset.

Hiring 78

Hiring Cash Management Insurance Communication 78

7 Shifts

MAY 23, 2024

Then, ensure you have clear and designated columns for income, costs/expenses like rent, hiring costs, and labor, to name a few, and of course, your sales. However, as your restaurant grows, you incur more expenses, like hiring a marketing team to promote your new locations, and you shouldn't forget to add this to your restaurant's budget.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Cash Management 221

Cheetah

APRIL 10, 2020

Reading Time: 3 minutes One of the main challenges for restaurant owners figuring out how to start a restaurant is hiring the right people. Hiring is a tough problem for any restaurant owner – the labor pool for line cooks is tight in almost every market. Looking to hire a manager? Navigating the Hiring Process.

Back of House 78

Back of House Hiring Recruiting Website Management 78

Restaurant365

NOVEMBER 30, 2021

Your payroll solution can impact hiring, onboarding, employee payments, taxes, and overall business health. The ACA requires employers to offer full-time employees compliant health insurance coverage and document this offer for the IRS. You may not know if an employee will meet the full-time qualification at the time you hire.

Restaurant Law 146

Restaurant Law Audits Point of Sale Insurance 146

Restaurant365

NOVEMBER 18, 2021

From hiring and onboarding to running employee payments and paying taxes, payroll touches on many different parts of a restaurant business. Your restaurant orders, receives, and counts food all in one system: your inventory management software. Most restaurant owners and operators are feeling the pinch of a competitive hiring field.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

EATER

AUGUST 16, 2023

It wasn’t just me that was affected: In late 2019 I had hired a COO and a brand ambassador. My COO stayed on, unpaid but on the company’s health insurance plan for another year, while we had to let the brand ambassador go in the middle of the summer of 2020. I never secured additional funding. In a crucial way, it was.

Point of Sale 246

Point of Sale Front of House Back of House Online Ordering 246

7 Shifts

JULY 1, 2024

These start-up costs can range from the real estate payments you must make to the permits and licenses you need, the supplies you have to buy for your bar, the wages you need to pay your employees, and insurance. This number will identify you as an employer and officially allow you to hire staff.

Bar 221

Bar License Food Supply Restaurant Law 221

Modern Restaurant Management

AUGUST 5, 2020

In recent months, they have been advising clients on issues ranging from Paycheck Protection Program (PPP) loans to reducing and rehiring employees to recovering losses from insurance companies and renegotiating leases. Selvin (insurance and business interruption) and Elliot N. Other members of the new practice include: Randy S.

Food Safety 527

Food Safety Mobile Ordering Online Ordering Kitchen Safety 527

Hot Schedules

MARCH 31, 2020

Impact on Unemployment Insurance. Employees who experience reduced hours, furloughs, or layoffs should be encouraged to file for unemployment insurance as soon as possible. Managing Inventory in the Days of COVID-19. Managing inventory these days can be a real challenge. read more.

Website Management 120

Website Management Employee Relations Small Business Insurance 120

Restaurant365

AUGUST 19, 2020

Tailor your hiring and recruiting practices. The first step in reducing high turnover is to examine your hiring and recruiting practices. How are you communicating with your potential new hires? There are many moving parts to hiring and recruiting. Do they understand the expectations for the role? Reporting is required.

Restaurant Law 131

Restaurant Law Recruiting Employee Relations Food Safety 131

The Food Corridor

SEPTEMBER 14, 2020

The way to mitigate the risk is to take out a robust insurance policy. However, anyone who’s dealt with an insurance broker probably knows how painful this experience can be. An insurance company’s job is to calculate risk and figure out how much to charge you based on the risk level of your business.

Insurance 52

Insurance Food Truck Food Catering 52

The Rail

NOVEMBER 29, 2023

This can be achieved by hiring DJs or live bands that specialize in various music styles -- such as jazz, rock, or country -- to appeal to a certain set of your patrons on given nights. There are many great vendors with high standards and appropriate inventory. One great option is to work with a third-party game vendor/operator.

Entertainment 147

Entertainment Bar Equipment Sports 147

Lavu

NOVEMBER 8, 2019

Even if you hire outside accountancy assistance, it’s wise to have a strong understanding of the basic accounting practices for restaurants. The costs should be built into your menu prices so that at the end of the year, you are not in the red for forgetting the insurance fees or the cost of replacing glassware. Commissions.

Management 101

Management Management Food Truck Cash Management 101

The Restaurant Times

JANUARY 23, 2022

Invest in stock and inventory management software to easily keep track of your raw produce. . Creating Your Menu & Hiring Right. Once your menu is sorted, you will have to hire the right people to help you execute your business effortlessly. Get Insured. General insurance . Commercial automotive insurance .

Catering 75

Catering License Insurance Food Supply 75

Restaurant Clicks

JANUARY 9, 2020

Apply for Permits, Licensing, and Insurance. Hire Restaurant Staff. Have a good idea of what style of food you plan to serve, what ingredients you’ll need, and how much you’ll spend on food inventory. . Apply for Permits, Licensing, and Insurance. You’ll also need insurance for your new business. Plan Your Menu.

License 78

License Equipment Website Management Hiring 78

Harbor Touch

MARCH 18, 2025

Ive tossed meals into inventory totals and shaved taxes that way. Work Opportunity Tax Credit: Hire Smart Hiring veterans, ex-felons, or folks from empowerment zones? The Work Opportunity Tax Credit (WOTC) gives you up to 40% of their first-year wages, max $2,400 per hire. Staff pay: salaries, insurance, bonuses.

Point of Sale 78

Point of Sale POS Restaurant Law Equipment 78

Harbor Touch

MARCH 18, 2025

Ive tossed meals into inventory totals and shaved taxes that way. Work Opportunity Tax Credit: Hire Smart Hiring veterans, ex-felons, or folks from empowerment zones? The Work Opportunity Tax Credit (WOTC) gives you up to 40% of their first-year wages, max $2,400 per hire. Staff pay: salaries, insurance, bonuses.

Point of Sale 78

Point of Sale POS Restaurant Law Equipment 78

Sling

AUGUST 1, 2024

Whether you hire someone to do the books for you or learn from them how to do the job yourself , consulting with a qualified accountant can help you gain a deeper understanding of the important numbers and financial processes that affect your restaurant. add another table or use smaller and more stools at the bar) in order to boost revenue.

Management 78

Management Management Cash Management Seating 78

Sling

OCTOBER 15, 2020

In general, part-time employees don’t receive benefits, such as health insurance, paid time off , retirement, and stock options. As an employer, you are required to withhold income taxes and Federal Contributions Insurance Act (FICA) taxes from every employee. 3) Hiring Both Types Of Employees. 4) Benefits. 6) Job Security.

Hiring 78

Hiring Definition Insurance Website Management 78

Modern Restaurant Management

MARCH 11, 2025

From a legal perspective, Insurance : the pandemic highlighted the limitations of insurance policies. Several high-profile restaurant groups brought litigation against insurance companies for their coverage position, but were ultimately unsuccessful. We were a sourcing and hiring platform for restaurants.

Mobile Ordering 418

Mobile Ordering Kitchen Safety Fine Dining Food Safety 418

Lavu

JANUARY 21, 2020

Hire a Professional Specializing in Restaurant Accounting. For an effective accounting process, you need to hire the right accountant for your restaurant business. The system will help you track your labor and inventory costs, methods of payment, and other important information. . Track Restaurant Inventory.

Point of Sale 78

Point of Sale Inventory Restaurant Law Front of House 78

Restaurant365

AUGUST 21, 2020

Tailor your hiring and recruiting practices. The first step in reducing high turnover is to examine your hiring and recruiting practices. How are you communicating with your potential new hires? There are many moving parts to hiring and recruiting. Do they understand the expectations for the role?

Blog 78

Blog Restaurant Law Recruiting Employee Relations 78

Touch Bistro

AUGUST 11, 2021

if the company provides health insurance). You’ll also need to adjust payroll for higher contributions to workers’ compensation and liability insurance. When you analyze sales data alongside the cost of your inventory, you can increase prices of high-volume, high-margin items only. Montana: $8.75/hour Nebraska: $9.00/hour

2021 98

2021 Restaurant Law 2022 Employee Relations 98

MBB Hospitality

APRIL 14, 2023

You’ll learn the tips on selecting a prime location, creating a profitable menu, deciding on a budget, and hiring a staff. Before you start, you want to consider the idea of hiring a restaurant consulting firm. This includes the necessary permits and insurance that need to be in place. A business license may also be required.

License 52

License Food Supply Insurance Small Business 52

SpotOn

MARCH 25, 2024

Licenses and permits  Every restaurant business has a lengthy list of licenses and insurance needed to open, serve your guests, and protect your business. When you have found the perfect commercial space, hire an attorney specializing in negotiating lease terms. Have enough food inventory on hand so you don't run out.

License 52

License Insurance Point of Sale Equipment 52

Society Insurance

SEPTEMBER 28, 2022

Always hire a professional to do inspections and repairs. Roof leaks can damage ceilings and weaken a building’s integrity which can lead to damage to the building, inventory, contents and business interruption until the leak(s) and roof have been repaired. Society Insurance Protects Your Business.

Insurance 52

Insurance Events Equipment Inventory 52

Harbor Touch

NOVEMBER 21, 2022

Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. On the other hand, you may need to hire a manager and/or assistant manager to help with the day-to-day operations. There may be special licenses or permits you will need in order to open your bar.

Bar 78

Bar License Restaurant Law POS 78