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What Restaurant Owners Need to Budget for in Food Delivery Services

The Rail

Restaurant owners must consider risks like increased insurance costs and potential wear and tear from extensive use if they opt to use a personal vehicle. If you purchase or lease dedicated delivery vehicles, consider additional expenses such as maintenance, insurance, and fuel.

Delivery 130
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How to Read a Restaurant P&L (Profit and Loss) Statement + Free Template

SpotOn

Health insurance, retirement plans (401(k)), paid time off (PTO) (vacation, sick leave, holiday pay), workers compensation, and meal discounts Training and onboarding. Digital advertising, marketing software , printed menus, signage, promotions, and loyalty programs. Think of your lease, insurance, and licenses. Occupancy costs.

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MRM Research Roundup: Holiday Spending, Franchise Optimism, and Pickle Energy

Modern Restaurant Management

Workers now place greater value on scheduling flexibility than on traditional benefits like paid time off and health insurance, with 46 percent ranking it as the most important benefit, compared to 44 percent for paid time off and 34 percent for health insurance. hours per day playing mobile games, compared to just 0.7

Franchise 221
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MRM Research Roundup: Experimentation, Valentine’s Vibe Shift, and Wine Cork Market

Modern Restaurant Management

An analysis of insurance claims processed in 2024 compared to 2023 shows a 4.4 percent decrease in claims. The most prevalent claim type in 2024 was Accidents Causing Damage, which represented 31 percent of all claims, an increase of 73 percent over 2023.

Marketing 221
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28 Strategies to Cut Costs in the Restaurant Business

Lavu

Examples of fixed costs for a restaurant include rent, insurance, and equipment lease payments. However, finding ways to negotiate lower rent or insurance rates, or to optimize equipment usage can help to reduce fixed costs. On the other hand, variable costs are expenses that change with the level of production or sales.

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

Modern Restaurant Management

Traditional sit-down restaurants and mobile food businesses have uniquely different needs when it comes to insurance. While there is some overlap in coverage needs, it’s important to understand the differences when it comes to insuring your business. Traditional Sit-Down Restaurant Insurance Needs. Advertising protection.

Insurance 474
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Basics of Business Interruption Insurance

Modern Restaurant Management

Property Insurance + Business Interruption Insurance. Property insurance covers the replacement or repair of your business’s damaged physical property. Policies vary depending on the type of event leading to a loss and what, specifically, is insured. Business interruption starts where property insurance leaves off.

Insurance 461