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How much does it cost to open a restaurant?

7 Shifts

You won’t have cash coming in until you open your doors, so you’ll have to depend on your life savings, investments, and loans to get you through your first few weeks or months of business. If your space is worth $1 million, for example, you’ll need $100,000 in cash to lock in the space. You’ll need roughly 10% down on your space.

License 354
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Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

Managing a restaurant is not for the faint-hearted. A restaurant budget allows restaurant owners and managers to see directly if they are meeting their income and expense benchmarks. Promotes proactive decision-making Restaurant owners and managers must adapt quickly to be successful and retain their competitive advantage.

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Bar Software that Boosts Your Revenue

Focus POS

Have you hired quick and personable bartenders? With a bar software system, you can quickly scan someone’s driver’s license and verify their age right where they order. Like age verification, there are other inherent hurdles to running a bar that, when poorly managed, can lead to severe issues. Cash drawer shortages.

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Setting the stage: a guide to opening a restaurant

Open for Business

From budgeting and licensing to crafting the perfect menu, here’s everything you need to know about how to open a restaurant. Craft a comprehensive financial blueprint to manage your restaurant’s expenses. There’s plenty to think about, from getting a general business license to copyrighting music.

License 78
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How to Open a Bar – 6 Expert Tips to Starting Your Own Bar

Harbor Touch

There are many things to consider when opening a bar, from the type of establishment you want to open to the licensing and zoning requirements in your area. There may be special licenses or permits you will need in order to open your bar. Obtain alcohol licenses and permits. Create an appealing atmosphere.

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Essentials of Payroll Accounting for Restaurant Groups, Part 1

Restaurant365

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. However, tracking your labor cost is a bit more complicated. Offering Same Day Pay.

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How Much Does It Cost to Open a Restaurant?

SpotOn

Here, we'll discuss what you must consider when looking at the construction costs, equipment costs, interior design costs, and licenses and permits. Licenses and permits  Every restaurant business has a lengthy list of licenses and insurance needed to open, serve your guests, and protect your business.

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