Modern Restaurant Management

NOVEMBER 2, 2021

In order for restaurant owners to receive the biggest financial and tax benefits, it is important to evaluate individualized goals and decide what works best for your business. When you are dealing with current numbers you can make better, more effective business decisions. Economic Injury Disaster Loans.

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Small Business 2021 2020 Equipment 189

7 Shifts

OCTOBER 31, 2022

A restaurant business plan is one of the most (if not the most) essential elements in getting a new restaurant off the ground. There are a few reasons for this: A business plan is typically the first thing any lender or investor will want to look at. What is a Restaurant Business Plan? Restaurant Business Plan Sample Outline.

Point of Sale 397

Point of Sale Back of House Document Download 397

Restaurant Engine

NOVEMBER 10, 2021

This is a great time to begin a food truck business, and if you’re ready, there is one important thing to think about first: how will you pay for it? In this article, we answer the question, “Does your new food truck business need financing?” Now, let’s look at the kinds of financing you might look at for your new food truck business.

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Food Truck Food Equipment Small Business 119

Modern Restaurant Management

MARCH 18, 2020

” The Association proposed three separate categories of protection for industry restaurants and employees: directed/targeted financial relief; loans/insurance options for impacted small businesses; and tax measures. Assistance in allowing businesses to defer mortgage, lease and loan obligations.

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Insurance Employee Relations 2002 2001 172

Modern Restaurant Management

APRIL 14, 2020

" "As a small business owner these unprecedented times are very overwhelming," said Rick Fernandez, owner of 3N1 Sports Bar & Grill in San Diego. "Cox We are going to fight like our lives and our businesses depend on it. "Cox Media has been very supportive to us during this difficult time. ."

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Online Ordering Back of House Customer Service Small Business 212

Modern Restaurant Management

APRIL 20, 2020

Lacking cash reserves and the resources to access money (traditional bank loans), most restaurants were forced to lay off their employees. Professionals advised restaurant clients not to seek traditional bank loans to cover wages and to save their money instead for the reopening of their businesses.

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Front of House Back of House Reservations Seating 210

Modern Restaurant Management

DECEMBER 22, 2020

But if your restaurant or industry related business has been able to stay open or expects to resume operations once we are on the other side of the pandemic, now may be the time to apply for a grant. Take the time to find out their funding priorities and overall sensibilities. Yes, a grant because they are for more than nonprofits.

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Employee Relations Leadership Food Supply Innovation 218

Modern Restaurant Management

APRIL 8, 2020

While businesses coast to coast reel from the financial and emotional impact of the COVID-19 coronavirus pandemic, few have been affected more adversely than restaurants. If there is any good news to share, it is about the many different government programs that now exist to help businesses survive this unprecedented socioeconomic crisis.

Employee Relations 209

Employee Relations 2019 Small Business 2018 209

Modern Restaurant Management

APRIL 3, 2020

If you’re concerned about the viability of your business — or just taking care of your team — now is the time to seek relief. trillion CARES Act offers wide-reaching regulations, loans, and grants designed to help small businesses and your employees as well as major corporations and individual taxpayers.

Employee Relations 196

Employee Relations Small Business Restaurant Law Design 196

Touch Bistro

SEPTEMBER 7, 2021

Running a restaurant is an expensive business venture, and not every restaurateur can afford to purchase new equipment or kitchen technologies outright. As a result, many turn to restaurant equipment financing to ensure they have the commercial kitchen equipment needed to run a successful business.

Equipment 98

Equipment Point of Sale Small Business Take-out 98

Modern Restaurant Management

APRIL 6, 2020

Small Business Administration Administration launched the Paycheck Protection Program, (PPP) a $349 billion emergency loan program created as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES). Late last week, the U.S.

Small Business 212

Small Business Customer Service Transportation Food Supply 212

Modern Restaurant Management

JUNE 12, 2020

Businesses, across nearly every industry, are facing challenging times. And while there has been a lot of attention and noise around government funding assistance, not every entrepreneur finds themselves in a position to take advantage of such resources. Seek Out State and Local Assistance Options. Change Up Business Practices.

Small Business 158

Small Business Certification Loyalty Program Government 158

Restaurant365

APRIL 27, 2020

Through this free service, restaurant operators complete one application to access loan options for up to 75 of the nation’s top lenders. Loan advisors advocate on behalf of restaurants and help them find the loan that’s best for their business. For more information about R365 Capital, visit [link].

Small Business 103

Small Business Customer Service Document Government 103

Modern Restaurant Management

APRIL 29, 2020

Accordingly, the Coronavirus Aid, Relief, and Economic Security (CARES) Act has special provisions designed to ensure that those affected will still have access to desperately needed rescue funds. A key component of the relief offered through the CARES Act is the forgivable federal loans offered by the Paycheck Protection Program (PPP).

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Franchise Franchising Specials Employee Relations 129

Modern Restaurant Management

FEBRUARY 13, 2020

Small business owners in nearly every industry struggle with cash flow and how to best utilize their working capital. Nearly 60 percent of failed businesses cite cash-flow issues as a primary reason for their failure, which shows how cash flow management can make or break your business. Get Paid Faster.

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Cash Management Small Business Inventory Customer Experience 147

EATER

APRIL 25, 2022

Regulation crowdfunding allows people to directly lend to businesses they want to see grow — and earn profits from having done so When Reesa Kashuk was ready to take the next step toward growing her Bay Area bagel business, she knew that she’d need to raise some money. Then she started exploring her options to secure the money.

Small Business 101

Small Business Website Management Take-out Cash Management 101

Lavu

JANUARY 15, 2020

Restaurant Financing and Restaurant Loans. Restaurant financing and restaurant loans are crucial to successful running of a restaurant. You need funds to restock your inventory, pay your staff, obtain or renew permits, buy business assets, and replace your restaurant equipment. Uses of restaurant financing and loans.

Cash Management 78

Cash Management Equipment Small Business Front of House 78

Modern Restaurant Management

NOVEMBER 5, 2020

In fact, the restaurant industry recently surpassed retail as the industry with the highest number of business closures since the onset of COVID-19. Because restaurants typically run on thin profit margins and rely on high volume, COVID-related restrictions produce significant negative impacts, especially on small business restaurants.

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Small Business Menu Government Restaurant Law 179

Modern Restaurant Management

APRIL 27, 2020

Additional funding has been allocated for the Paycheck Protection Program (PPP ). Small Business Administration (SBA) Jovita Carranza and U.S. Mnuchin SBA resumed accepting PPP loan applications on Monday, April 27 at 10:30AM EDT from approved lenders on behalf of any eligible borrower. . Treasury Secretary Steven T.

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Webinar Loyalty Program Online Ordering Social Media 185

Modern Restaurant Management

APRIL 27, 2020

Additional funding has been allocated for the Paycheck Protection Program (PPP ). Small Business Administration (SBA) Jovita Carranza and U.S. Mnuchin SBA resumed accepting PPP loan applications on Monday, April 27 at 10:30AM EDT from approved lenders on behalf of any eligible borrower. . Treasury Secretary Steven T.

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Webinar Mobile Ordering Loyalty Program Online Ordering 197

Modern Restaurant Management

MAY 18, 2020

The Small Business Administration (SBA), in consultation with the Department of the Treasury , released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. Click here to view the application and instructions. .

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Front of House Back of House Online Ordering Kitchen Safety 208

Modern Restaurant Management

NOVEMBER 11, 2020

Is bankruptcy an option? The Paycheck Protection Program Loans (“PPP Loans”) were a great tool for what appeared to be a short term shut down. However, the PPP Loans were only a stop gap measure. These two changes made Chapter 11 reorganization bankruptcy an option for a much larger group of restaurants.

Kitchen Safety 221

Kitchen Safety License Restaurant Law Food Safety 221

Restaurant365

JUNE 9, 2020

As your restaurant business begins to recover from restrictions put on it due to COVID-19, it is crucial to assess your financials and strategize your costs. Understanding your cash flow can do more than help make sure you have the funds to pay your rent and your vendors each month. Run financial reports.

Cash Management 97

Cash Management Management Management Small Business 97

Restaurant Engine

AUGUST 11, 2021

2: Look at Funding Types. Now that you know the costs to open a second restaurant location, you can start looking at financing options. Will you fund it yourself; will you take out loans; or will you look for an investor? If you take out a loan for capital and renovation, check around and look for the best interest rates.

Equipment 64

Equipment Website Management Small Business Mobile Ordering 64

Modern Restaurant Management

SEPTEMBER 23, 2020

Whether you’re running a small family group of restaurants or a nationwide chain, how can you seek relief and avoid filing bankruptcy in this unprecedented time? Restaurants should consider four options to help them wade through the crisis. In some cases, companies turned down the loans, not wanting negative publicity.

Customer Service 182

Customer Service Cash Management Communication Small Business 182

Hot Schedules

MARCH 31, 2020

Our team of payroll and HR experts will provide a regular summary of how the changing legislation around COVID-19 impacts you and your business. As we all ride out this storm and plan for the eventual return to business, there is so much uncertainty when it comes to human resource and payroll concerns.

Website Management 120

Website Management Employee Relations Insurance Small Business 120

Clover - Restaurants

APRIL 23, 2024

How to purchase a restaurant The process of purchasing a restaurant can vary depending on the existing establishment’s assets, years in business, and location. There are pros and cons to each option. Start exploring what restaurants are for sale There are a few effective options for finding restaurants available for purchase.

Point of Sale 52

Point of Sale Cash Management Franchise Franchising 52

Restaurant365

APRIL 1, 2020

Tracking and understanding your restaurant’s cash flow is essential, whether business is booming, or times are tough. In addition to funding operations, your cash flow is especially important if you have debt or need to meet bank obligations. If you are a franchise business, you will have required upgrades.

Cash Management 98

Cash Management Management Management Point of Sale 98

Goliath Consulting

SEPTEMBER 14, 2020

From an interview with Restaurant Business Magazine , Bruster’s Real Ice Cream reported selling 18 franchise agreements this year and now has 56 stores under construction or in development out of their 200 units (1). According to Don Daszkowski of the Forbes Business Council, “the competition [for jobs] will likely be fierce” (4).

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Franchise Franchising 2021 Fast Casual 157

Aaron Allen & Associates

NOVEMBER 2, 2023

Private debt (bonds, loans, direct lending, mezzanine debt, or other credit strategies ) can switch hands (likely at a discount) when the original lender is seeking liquidity and there is a buyer that can benefit from buying at a discount to the face value of the debt. But know, it takes money to raise money.

2024 59

2024 Cash Management Point of Sale 2023 59

Lavu

APRIL 1, 2020

Every dream starts with a vision-and turning that dream into a solid business plan with a clear concept is the first step in your preparation process. Once you get past the initial hurdle of the dream-phase, it’s time to craft your business plan. Creating a Business Plan for your Bar. Preparation. Rent and renovations costs.

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Bar License Social Media Point of Sale 78

The Restaurant Times

SEPTEMBER 30, 2021

You surely have magic in your hands, but do you have a brilliant strategy to survive in the market or enough funds to plan out your dream? Running a successful business takes hard work and a lot of risks. Mismanagement of funds is one of the biggest reasons why restaurant ventures fail. . You’ve come to the right place! .

Food Truck 52

Food Truck Small Business Point of Sale Catering 52

Modern Restaurant Management

MARCH 16, 2020

The National Restaurant Association has provided a list of best practices to ensure business continuity. A team of restaurant industry veterans led by HP-PR and Hall PR have set into motion a nationwide initiative to help get funds into the hands of restaurants now. Click here to learn the 10 steps to take now. and Canada.

Food Safety 234

Food Safety Kitchen Safety Small Business Employee Relations 234

EATER

DECEMBER 18, 2020

They started running projections over the summer, and they evolved and adapted each location to try to capture what business they could. From Seattle to Boston to New York , businesses are temporarily closing to hopefully survive long enough to be able to welcome guests back once the pandemic subsides. rent, mostly).

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Outdoor Dine-in Point of Sale Small Business 119

Lavu

DECEMBER 12, 2022

Restaurant cash flow management is the lifeblood of your business. Yet, while most small business owners know this truth, many still struggle with basic cash flow definitions, fundamentals, and management strategies that actually maximize benefits. Every restaurant manager should know these two numbers.

Cash Management 78

Cash Management Management Management Point of Sale 78

Foodable

APRIL 22, 2020

Check out the Restaurant Recovery Resource to keep up to date for the latest innovations and ideas to help your business recover from the crisis. An increase in Economic Injury Disaster Loans (EIDLs) funding to a minimum of $50 billion. PPP’s eight-week loan structure is unsustainable for most restaurants.

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Specials Point of Sale Government Agriculture 52

Sling

JULY 1, 2023

With so many different options, what’s your restaurant concept? The Small Business Administration is a good place to look, and you should plan to speak with your legal counsel for more guidance. 3) Create a business plan A business plan is a blueprint for your eatery. Who is your target market?

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Fine Dining Cash Management Restaurant Law Consumer Goods 78