Remove Article Remove Cash Management Remove License
article thumbnail

Restaurant Failure Rate: Why Restaurants Fail And How To Make Yours Succeed

ChowNow

Youre not just managing food and staff, youre battling slim profit margins, high operating expenses, and constantly changing customer preferences. Poor Financial Planning The Issue: Underestimating startup costs, no cash flow buffer, and unclear budgeting. Running a restaurant is one of the most rewardingyet riskyventures out there.

article thumbnail

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

Perfect Daily Grind

Many are facing the difficult decision to raise their retail prices , seeking new ways to streamline operations and manage cash flow more effectively. You may also like our article on how automation can make the coffee sector more productive. For coffee shops, in particular, margins are tighter than ever.

Café 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

Owning a Bar: Everything You Need to Know

7 Shifts

Specialty bars focus on a particular type of drink or theme, such as wine bars or cigar bars, but can be much more expensive to manage. Hiring a Strong Team You'll need a manager, bartenders, waiters, and security. To apply for a liquor license, consult the Alcohol Beverage Control (ABC) Agency) in your state.

Bar 370
article thumbnail

The Ultimate Guide to Getting a Restaurant Business Loan

7 Shifts

In this article, you'll learn how to get a business loan for your restaurant so you can make your dream of starting or growing your restaurant a reality. Management Team : document your team and why they have the experience and expertise to make your restaurant a success. Table of Contents. Create a Restaurant Business Plan.

Document 393
article thumbnail

Tyga Bites and Sushi with an Attitude

Modern Restaurant Management

and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. This year’s Neighborhood to Nation Contest will double the number of winners to award 20 prizes of $5,000 in cash along with a robust marketing package.

article thumbnail

The Six Most Common Franchise Problems (And How to Solve Them)

7 Shifts

In this article, we’ll be highlighting six of the most pressing ones, as well as providing steps on how to face or resolve them. Between up-front licensing fees and opening costs, the amount can easily break into the six or even seven-figure range. of weekly gross sales for franchise royalties and advertising.

article thumbnail

Why are people calling for reform in Kenyan coffee production?

Perfect Daily Grind

You may also like our article exploring the role of a Kenyan coffee marketing agent. According to the Kenyan Agriculture And Food Authority , coffee was grown on around 119,000ha of land in 2019, making it one of Kenya’s biggest cash crops. Read on to find out what they had to share with me. The NCE system works in a unique way.