Remove 2020 Remove Employee Relations Remove Insurance Remove Website Management
article thumbnail

Surviving COVID-19: 7 Financing Options for Restaurants

7 Shifts

PPP Loans The Paycheck Protection Program seeks to protect jobs and cover other employee-related expenses by offering small businesses SBA loan amounts up to 2.5 Healthcare costs: group healthcare benefits, insurance premiums, etc. Check your governor's website. times your restaurant's monthly payroll costs.

article thumbnail

How to Set Up Online Ordering for Restaurants

7 Shifts

These fees, when not managed, cut deep into razor-thin margins, and in some cases, can contribute to a restaurant closing for good. Without existing apps, this lives on your restaurant’s website. Does it integrate with my restaurant’s website? 7shifts' data has seen a 243% growth in delivery-related roles (i.e.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

COVID-19 Legislative Actions: What to Know Now

Hot Schedules

The Small Business Administration (SBA) may provide loans of up to $10 million per business; any portion of that spent to pay employees, keep workers on payroll, or pay for rent, mortgages, or existing debt could be forgiven, provided workers remain employed through the end of June. Impact on Unemployment Insurance.

article thumbnail

How To Start A Profitable Ice Cream Parlor In The USA

The Restaurant Times

In fact, an average American consumes ~23 lbs of ice cream and related frozen desserts every year. In 2020, the US ice cream industry produced more than 1 billion gallons of ice creams generating around USD 5.6 Check the US Small Business Administration (SBA) website for more details. Get Business Insurances.

License 52
article thumbnail

How to Set Up and Run a Ghost Kitchen for Your Restaurant Business

Restaurant365

Statista’s latest data indicates that: Revenue in the online food delivery segment is projected to reach $26,527m in 2020. Revenue is expected to show an annual growth rate (CAGR 2020-2024) of 5.1%, resulting in a projected market volume of $32,325m by 2024. You’ll have to package. Another con is the cost of delivery.

article thumbnail

Which Grocery Chain Has the Best Health and Safety Policies for Its Workers?

EATER

Breaking down hazard pay, sick leave, and general safety at Costco, Whole Foods, Trader Joe’s, and more As the global pandemic drags on, grocery store employees have become frontline workers, and two months into the crisis, they’re still putting their own health at risk to keep America fed — and keep food on their own tables.

article thumbnail

Our Guide to Average Gross Profit for Restaurants 

BNG Point of Sale

For example, let’s say John Doe Bar’s total sales from July to September 2020 were $1.25 million in expenses from July to September 2020. . For restaurant expenses and a wide range of other related issues, restaurant owners focus on three primary key metrics: . million and its cost of goods sold was $400,000. .