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Average Restaurant Profit Margins: What They Are And How to Improve Yours

ChowNow

In this article, youll learn: Why every operator has to monitor their restaurant profit margins Why it can be so challenging to increase your profit margins How to improve your margin numbers Lets dig into why margins, not just sales, make or break a restaurant business. Your cost of goods sold (ingredients, beverages, packaging, etc.)

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Owning a Bar: Everything You Need to Know

7 Shifts

Sorting Out Paperwork and Licensing Below is a breakdown of the licenses and documentation you'll need: Business license : The cost of registering your business will vary by state and includes a registration and filing fee. To apply for a liquor license, consult the Alcohol Beverage Control (ABC) Agency) in your state.

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May/June 2021 Legal Update

Modern Restaurant Management

Nair, a partner at Ervin Cohen & Jessup LLP compiles recent legal news affecting the restaurant, food and beverage and hospitality industries for Modern Restaurant Management (MRM) magazine. The law allows home cooks to prepare meals from their homes and sell to consumers without being a licensed kitchen. Legislation.

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

Restaurant Business

The coffee giant is licensing the company’s order fulfillment tech while also bringing aboard Empower’s six engineers. View All Articles by This Author Want breaking news at your fingertips? Starbucks’ deal with Empower Delivery fits the acqui-hire framework. Get today’s need-to-know restaurant industry intelligence.

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THE MISUNDERSTOOD CHEF

Culinary Cues

You can’t hold the chef accountable until the data is there. [] CONNECT THE PASSION AND THE BUSINESS: Whatever discussions ensue about food and beverage should always include discussions about the business of restaurants. Typically, the operator wants items that demonstrate popularity or high expectations among the customer base.

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How in-house roasting can help cafés manage high coffee prices

Perfect Daily Grind

You may also like our article on how automation can make the coffee sector more productive. Historically, coffee is a cheap product compared to tea, beer, and other alcoholic beverages, so it’s a necessary price increase; coffee is undervalued as a commodity.” Want to read more articles like this? Enjoyed this?

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Tyga Bites and Sushi with an Attitude

Modern Restaurant Management

The bites will also be served with the option of twelve different dips, along with regular or sweet potato Tyga Tots, chocolate chip cookies, and beverages. ” Ervin Cohen & Jessup Launches Food, Beverage and Hospitality Practice. ” “Today begins the independent restaurant revolution,” Robbie Earl elaborates.