7 Shifts

JULY 12, 2024

Compare different policies and choose one that offers good coverage at a reasonable price. Your inventory is one aspect to keep track of to avoid overordering. “If you aren’t taking accurate and consistent inventory at your restaurant, you’re missing out on a 20+% increase in profits,” our own D.J.

Food Truck 397

Food Truck Customer Service Seasonal Menu Loyalty Program 397

7 Shifts

JULY 16, 2021

Obtain Permits and Licenses. You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! Expected menu prices. Once you've validated your idea, you can dive into the nitty-gritty: Obtain Permits and Licenses.

License 459

License Hiring Equipment Small Business 459

Modern Restaurant Management

MAY 2, 2023

Inventory Management If you don’t have a proper inventory management system in place, you could be wasting a lot of time and money. Proper inventory management is key. Is your business license and/or other permits up-to-date, or does anything need to be renewed? Are your employees washing their hands?

Audits 282

Audits Point of Sale Document Food Safety 282

Modern Restaurant Management

APRIL 22, 2020

Additionally, the Napa, California-based company launched a unique exchange program and purchasing inventory from wineries to help support the loss of sales to distributors due to restaurant and tasting room closures. So, we slashed four-to-seven percent off wholesale prices, which is a significant price cut.

Retail 411

Retail Seating Customer Service Supplies 411

7 Shifts

FEBRUARY 15, 2024

The demands of the modern bar are significant: inventory issues, demanding customers, volatile prices, and — perhaps the biggest of all — staffing, scheduling, and other labor concerns. Inventory tracking and management software Bar inventory can be complicated, with hundreds if not thousands of bottles to tabs on.

Inventory 195

Inventory Bar Management Management 195

7 Shifts

FEBRUARY 15, 2024

The demands of the modern bar are significant: inventory issues, demanding customers, volatile prices, and — perhaps the biggest of all — staffing, scheduling, and other labor concerns. Inventory tracking and management software Bar inventory can be complicated, with hundreds if not thousands of bottles to tabs on.

Inventory 195

Inventory Bar Management Management 195

7 Shifts

OCTOBER 21, 2021

Pros: Very low labor and inventory costs and steady incremental sales growth. You can attract patrons with reasonable prices and a large variety. Less food inventory. Cons: Liquor licenses can be expensive. And remember: Regardless of your concept, you'll always have to manage labor and inventory which can be challenging.

Fast Casual 370

Fast Casual Food Truck Casual Customer Service 370

Culinary Cues

MAY 24, 2022

As an example – applying for a liquor license. Leave nothing to chance – no matter how small the task, put it on your list. Next, prioritize that list based on the amount of time, effort, and money it will take to get that specific work done. This might take 60-days or 6-months depending on variables that are out of your control.

Café 435

Café Take-out License Small Business 435

Modern Restaurant Management

SEPTEMBER 3, 2020

New health codes and reopening mandates, plus the safety and perception of patrons, have made it imperative to invest in COVID-approved inventory including masks, gloves, sanitizers, signage (think: at the door, at point of sale, and throughout), as well as the cost of developing or purchasing new training materials and implementing them with staff.

Fine Dining 502

Fine Dining Restaurant Law Food Truck Outdoor 502

ChowNow

JULY 10, 2024

Be as detailed as possible, including specific descriptions and pricing. Suppliers and inventory : List the primary suppliers you plan on working with and share information about how you will manage the restaurant’s inventory. This might include lease agreements or licenses.

Point of Sale 221

Point of Sale Email Marketing License Customer Service 221

7 Shifts

JULY 1, 2024

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

Bar License Food Supply Restaurant Law 221

Restaurant Clicks

FEBRUARY 12, 2020

There are various licenses and permits needed to open a new restaurant legally. Before you can open a new restaurant, you’ll need to apply for and receive an assortment of state licenses and local permits. . Restaurant licensing differs state by state , so the process for getting restaurant licenses isn’t always the same.

License 79

License Food Truck Certification Restaurant Law 79

7 Shifts

SEPTEMBER 16, 2024

No matter the cause, selling a restaurant requires careful preparation and strategy to ensure you get the best price and attract the right buyer. If your business is priced too high, buyers may overlook it. Make sure your food service licenses, liquor licenses, and health permits are all valid as well.

2024 195

2024 Document Point of Sale Cash Management 195

7 Shifts

DECEMBER 11, 2019

Example: KFC In 2018, about two-thirds of KFCs in the United Kingdom had to temporarily close due to an inventory issue. Issue #3: Costs and Royalties Franchisees benefit from built-in brand recognition of their restaurants, but have to (quite literally) pay the price. The result?

Franchising 435

Franchising Franchise Email Marketing Communication 435

ChowNow

AUGUST 26, 2024

Startup Budget This covers initial costs such as equipment, licenses, renovations and initial inventory. By setting a sales target, you have a baseline to monitor your restaurant’s performance which allows you to more accurately adjust menu prices, expenses and more. Be prepared to adjust your budget as needed.

Cash Management 195

Cash Management Seasonal Menu Inventory Equipment 195

SpotOn

FEBRUARY 26, 2025

Your P&L line items should be consistent with the ones on different platforms—POS, inventory management, and accounting software. So you have your bartenders work on their pours and you raise prices on three popular reds. Spotify, ASCAP/BMI licensing fees), and special events. That may be too high. Occupancy costs.

Point of Sale 88

Point of Sale License Insurance POS 88

Focus POS

JUNE 17, 2021

With a bar software system, you can quickly scan someone’s driver’s license and verify their age right where they order. It’s crucial that you can produce what’s on your menu with liquor inventory integration. Liquor inventory integration. Double drink pricing. VIP pricing. Promotion Success. Cash drawer shortages.

Bar 148

Bar Cash Management POS Point of Sale 148

Modern Restaurant Management

AUGUST 5, 2020

ECJ’s Food, Beverage and Hospitality Department attorneys advise food and beverage clients, startups and other businesses on a comprehensive range of issues, including employment, trade secrets, partnership disputes, contract negotiations, intellectual property, licensing and franchise disputes. Wellness Platform. TransAct BOHA!

Food Safety 527

Food Safety Mobile Ordering Online Ordering Kitchen Safety 527

EATER

JULY 8, 2022

And the price of menu items steadily trends upward as inflation worsens. During quiet services, Seth hounded the agent in charge of processing our beer and wine license. Nearly five months after Joon closed, the industry is far from clear of the COVID-19 wake. Banners still hang from restaurant patios shouting “Hiring All Positions!”

Online Ordering 287

Online Ordering Seasonal Menu Customer Service Social Media 287

The Rail

OCTOBER 6, 2023

This means carefully evaluating the financial records, reviewing the business's history, looking up their licensing requirements, and speaking with current and former employees. This includes both its tangible assets (such as equipment and inventory) and its intangible assets (such as its reputation and customer base ).

Social Media 147

Social Media License Design Website Management 147

SpotOn

OCTOBER 14, 2024

Features and pricing models change frequently, so review the POS providers' websites and connect with POS providers directly so you know exactly what to expect. " This refers to the monthly software licenses POS providers charge. Some POS system providers bundle software offerings together, which can increase POS pricing.

POS 52

POS Loyalty Program Website Management Cash Management 52

SpotOn

DECEMBER 30, 2024

These include rent, utilities, licenses, equipment, repairs, credit card processing fees—anything that's not labor or COGS. Control COGS with inventory management Depending on your concept, you've got somewhere between 30 and 300 ingredients, many of which are found in multiple menu items in various amounts.

Operations 52

Operations Loyalty Program Online Ordering Fast Casual 52

Restaurant365

DECEMBER 17, 2019

One-time costs are one-time purchases, like a lease security deposit or loan down payment, signage, renovation costs, and business licenses and permits. You may also focus building a relationship with vendors, which may enable you to negotiate better contract prices. These recurring costs can be broken down further by category.

Point of Sale 120

Point of Sale License Insurance Employee Relations 120

7 Shifts

MAY 23, 2024

Food cost percentage When deciding how much to price your menu items, TouchBistro advises keeping the food cost percentage anywhere between 20% and 40%. Solutions can include preparing for possible changes in pricing, staffing, customer trends, and new technology. Most restaurants try to keep it at around 30% to be safe.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Cash Management 221

Restaurant365

JULY 24, 2020

Factor Delivery Costs into Your Ghost Kitchen Menu Prices. Include a portion of the delivery costs in your food prices to ensure your ghost kitchen makes a profit. You will need to write these out for your final inspection and licensing. Control Inventory for Your Virtual Kitchen. Market Your New Channel.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

Cheetah

DECEMBER 20, 2021

This low-asset business model is the best way for a new restaurant concept to quickly validate market viability, develop branding and pricing without committing a high capital investment upfront. They offer a unique licensing model under which they take a percentage of sales, not a monthly fee.

Front of House 148

Front of House Food Supply Back of House Delivery 148

Open for Business

OCTOBER 20, 2023

From budgeting and licensing to crafting the perfect menu, here’s everything you need to know about how to open a restaurant. Visit other restaurants in the area to understand their pricing and see what they’re doing well and what can be improved upon. It’s equally important to study your competition.

License 78

License Email Marketing Front of House Social Media 78

Focus POS

JUNE 17, 2019

Restaurant point of sale software empowers businesses to control labor costs, manage inventory, and have deeper visibility into business operations. Monitor sales, inventory, and labor at any or all locations, and even do A/B testing of new menu items or promotions. Benefits of Restaurant Point of Sale Software. What is my budget?

Point of Sale 113

Point of Sale Cash Management POS Mobile Ordering 113

Restaurant365

AUGUST 25, 2020

Too much inventory. Licenses and permits. Keep Inventory Low. If your restaurant sales are not covering your expenses or if you have extra inventory in your walk-in or dry-storage that just isn’t moving, it may be time to update your restaurant menu. it’s a good time to start trimming fat from inventory.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Restaurant Clicks

FEBRUARY 21, 2020

That’s a good estimate to give you an idea of what your price range should be, but by no means is that number set in stone. Location is also a major factor, as it will affect all of your prices and especially the cost of leasing a commercial space. Paperwork & Licensing. Food & Beverages. Equipment & Maintenance.

License 79

License 2020 Food Truck Equipment 79

Restaurant Engine

MAY 12, 2020

On March 10, 2020, Michigan Governor Gretchen Whitmer signed a buyback program for restaurants to sell their excess spirits inventory at 100% of their purchase price , helping restaurants raise millions of dollars. . Other states followed suit. Ohio Governor Mike DeWine approved a liquor buyback on March 15.

Beverage 98

Beverage Restaurant Law License Download 98

Restaurant Clicks

JANUARY 9, 2020

Apply for Permits, Licensing, and Insurance. Considering your target customer personas can help with making choices like menu, pricing, layout, marketing, and other aesthetic choices. . 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. .

License 78

License Equipment Website Management Hiring 78

The Restaurant Times

JANUARY 23, 2022

Licenses And Permission . Every state has a separate set of guidelines and policies for licensing and permits for catering companies. Every state also has different requirements for liquor licenses. . Here’s a list of licenses and permits that are common across all states – . General business license .

Catering 75

Catering License Insurance Food Supply 75

Lavu

MARCH 11, 2020

Whether you are looking for effective inventory management software or just a POS system for your business, restaurant management software is something you cannot afford to miss. They come with tools used to track inventory, restaurant orders, payroll, and analytics. This includes inventory needs, sales, employee turnover, and more.

Management 78

Management Management Cash Management Mobile Ordering 78

The Restaurant Times

NOVEMBER 11, 2021

You may narrow down your search by distance, price, and rating using multiple filters, so you know precisely what you’re getting into. . You can keep track of your inventory, check items in as they arrive, and return any additional or broken items, among other things. Source: Twilio Customer Stories. Blue Cart .

Management 93

Management Management Mobile Ordering Online Ordering 93

The Restaurant Times

DECEMBER 15, 2021

If the USP of your restaurant is the menu that you’re offering, you will have to pay extra attention to how you engineer your menu and price the items to cover your prime cost. . Obtaining Licenses. Obtaining the required licenses is critical to opening any restaurant business in the UAE. Trade License . Food License .

License 52

License Food Safety Loyalty Program Tourism 52

BNG Point of Sale

SEPTEMBER 2, 2021

This blog post will go over the typical restaurant overhead costs and expenses, including rent, utilities, labor wages for employees, licenses and permits, food cost percentages, and more. Alcohol licenses . Business licenses . Alcohol licenses: $1,000 . Total Overhead Cost = Rent + Utilities + Taxes + Licenses .

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52