Remove Insurance Remove License Remove Reference
article thumbnail

How to Read a Restaurant P&L (Profit and Loss) Statement + Free Template

SpotOn

Health insurance, retirement plans (401(k)), paid time off (PTO) (vacation, sick leave, holiday pay), workers compensation, and meal discounts Training and onboarding. This can also be referred to as operating costs. Spotify, ASCAP/BMI licensing fees), and special events. Think of your lease, insurance, and licenses.

article thumbnail

Tutorial: How to Enroll in ChowNow’s Apple Developer Program

ChowNow

Please reference this step by step video on how to resolve the DUNS error. Receive an email to accept terms: After the successful verification call, you will receive an email from Apple containing a license agreement. Refer to Step 2 for more information on if you need to create or edit your DUNs number!

Insiders

Sign Up for our Newsletter

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

article thumbnail

Restaurant Accounting: A Comprehensive Guide

7 Shifts

Below are some key restaurant metrics you should be tracking for your restaurant: Cost of goods sold (COGS) The cost of goods sold refers to the amount it costs to produce an item on your menu. Table turnover rate The table turnover rate refers to the number of times you have served new customers at the same table.

article thumbnail

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.

Bar 221
article thumbnail

How to Calculate Food Costs For Your Restaurant

7 Shifts

This is commonly referred to as a percentage. Here's a breakdown: Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums. Food cost is the ratio between the cost of a restaurant's ingredients and the total revenue those ingredients generate for the restaurant.

Food 370
article thumbnail

For Transgender Uber Eats Drivers, ‘Right to Pride’ Is a Long-Overdue Change in Policy

EATER

billion last November; after the acquisition, Whitehead had to re-onboard and quickly ran into issues: his legal deadname (a name given at birth), which is currently still listed on his license and insurance, didn’t match the chosen name already connected to his personal Uber account. Uber Eats bought Postmates for $2.65

License 246
article thumbnail

Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

You can also use this to keep track of other costs, such as insurance, license fees, repairs and maintenance, and the actual costs you incurred for a better and closer comparison. Your fixed costs, for instance, stay almost the same monthly and yearly, like your insurance and rent/lease payments.