article thumbnail

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

Modern Restaurant Management

While three in four survey respondents believe restaurant prices are higher, other factors, such as flavor, outweigh price when ordering specialty beverages, particularly in the full-service segment. During a time of increased price sensitivity, beverages create an opportunity to increase the total check.

Beverage 191
article thumbnail

Opening a Restaurant: Steps to Take and Common Pitfalls to Avoid

Modern Restaurant Management

Get Your Licenses in Order Starting a restaurant business involves registering with the authorities and procuring the relevant licenses. Ignoring these licenses and regulations might attract hefty penalties and fines, so make sure you’re aware of the local, state, and federal regulations before opening up for business.

License 132
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

Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

Food cost percentage When deciding how much to price your menu items, TouchBistro advises keeping the food cost percentage anywhere between 20% and 40%. Solutions can include preparing for possible changes in pricing, staffing, customer trends, and new technology. Most restaurants try to keep it at around 30% to be safe.

article thumbnail

How To Start A Catering Business in 20 Steps

Sling

Along the way, we’ll address such issues as: Working from home or a storefront The importance of state and local health codes Creating a business plan Getting incorporated and licensed Hiring and scheduling employees We’ll also discuss financing (to make it all possible) and advertising and marketing (to keep it all going).

article thumbnail

Setting the stage: a guide to opening a restaurant

Open for Business

From budgeting and licensing to crafting the perfect menu, here’s everything you need to know about how to open a restaurant. Visit other restaurants in the area to understand their pricing and see what they’re doing well and what can be improved upon. It’s equally important to study your competition.

License 78
article thumbnail

How to Open a Restaurant or a Bar: 5 Steps

Next Restaurants

When choosing a place to rent, be sure to find out what documents, licenses and permits it already has. All project participants must have local licenses, permits and the necessary contacts. Let’s Talk About Advertising. You can start a new restaurant without advertising, but it is unlikely to stay in the market.

Bar 97
article thumbnail

Typical Restaurant Overhead Costs and Expenses

BNG Point of Sale

This blog post will go over the typical restaurant overhead costs and expenses, including rent, utilities, labor wages for employees, licenses and permits, food cost percentages, and more. Alcohol licenses . Business licenses . Advertising . Alcohol licenses: $1,000 . Overhead costs are your everyday expenses.