Remove Advertising Remove Employee Relations Remove License
article thumbnail

What Restaurant Owners Need to Budget for in Food Delivery Services

The Rail

Alternatively, if employees use their own vehicles, you may need to implement a reimbursement policy, factoring in mileage, and wear and tear. Accident-related damages can also lead to significant expenses, mainly if the vehicle is involved in collisions while navigating urban environments.

Delivery 130
article thumbnail

From acqui-hire to vaporware: The new restaurant tech ABCs

Restaurant Business

Acqui-hire “To acquire a company in order to use its employees skills or knowledge, rather than for its products or services.” The coffee giant is licensing the company’s order fulfillment tech while also bringing aboard Empower’s six engineers. In this case, restaurants are the advertisers.

Hiring 175
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Ultimate Guide to Restaurant Costs

7 Shifts

Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums. Cost of goods sold is the raw material cost of your beverages and food, and labor cost includes actual labor, employee benefits, payroll taxes, healthcare, and bonuses. Construction and renovation costs differ by location and contractor.

License 370
article thumbnail

How Insurance Needs Differ for Traditional Restaurants v. Mobile Food Businesses 

Modern Restaurant Management

Advertising protection. Product liability insurance can help protect you from the cost of these product-related claims. General liability can also protect your business against claims associated with personal and advertising injury. Liquor liability insurance can protect your business from the cost of alcohol-related accidents.

Insurance 474
article thumbnail

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

7 Shifts

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. Your business name will also appear on your marketing materials, staff uniforms, menu, social media accounts, and advertisements, so make sure it isn't too long or complicated.

Bar 221
article thumbnail

Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

However, as a rule, the primary costs you can expect in running your restaurant are usually related to food, labor, and rent. If creating and running advertisements is not your forte, you can always outsource this service to freelancers specializing in digital marketing.

article thumbnail

Captivate Website Visitors With a Free Online Mechanic Chat

Indoor Media

However, if you can’t realistically have an employee sit and reply to incoming messages immediately, you should look at option #2. Looking for advertising programs that you can put on auto-pilot? Talk to an IndoorMedia Advertising Consultant today to learn more about our profitable, proven local advertising. First Name.