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Owning a Bar: Everything You Need to Know

7 Shifts

This could be a good choice if you find a business that is already established and has a loyal customer base. Choosing Your Concept & Bar Type Defining your concept Your concept is the main idea or theme and includes service style, cuisine, menu, and music. This will give you a good idea of their product and service.

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How to Open a Bar: Comprehensive Guide on Starting a Bar

7 Shifts

Since your main focus would be selling alcohol to your customers, you need to take a few extra steps. 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.

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What Are the Key Steps to a Successful Restaurant Startup?

The Restaurant Group

It is seamlessly reflected in everything from the restaurant’s theme and decor to its menu and the kind of service style you offer. Highlight high-margin items to help customers make the “right” choice. Get the Mandated Licenses and Permits You must obtain several licenses and certifications to ensure compliance.

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What Restaurant Owners Need to Budget for in Food Delivery Services

The Rail

By Indiana Lee, Contributor The rise of food delivery services has driven the restaurant industry into a new frontier. While many restaurant owners eagerly embrace this trend, it’s crucial not to overlook the additional expenses of implementing a delivery service.

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Boosting Profits One Sip at a Time: The Power of Specialty Beverages

Modern Restaurant Management

Rethinking Beverages The typical drink upsell—soft drinks and coffee or tea—has decreased over the past few years as customers increasingly eat restaurant food at home. Delivery users are less price-sensitive than customers using other sales channels. For restaurants with liquor licenses, catering to millennials is key.

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Seven Tips to Help Restaurant Owners Avoid Common Pitfalls and Grow

Modern Restaurant Management

Know Everything about Your Potential Location You want to be in a high-traffic area and the business should have a great ingress and egress for customers. If you are not purchasing land, check the rent and lease agreements, and local regulations (such as zoning laws, permits, and licenses required).

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Restaurant Accounting: A Comprehensive Guide

7 Shifts

By tracking metrics like customer retention and employee turnover rate, contribution margin, and menu item profitability, restaurant managers can identify each area’s strengths and what areas need improvement. Table turnover rate The table turnover rate refers to the number of times you have served new customers at the same table.