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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. This gives you a sense of how effective your menu pricing is.

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Owning a Bar: Everything You Need to Know

7 Shifts

Equipment : What equipment will you need? Sourcing the Right Equipment Your budget, target market, and concept will dictate your equipment needs. The size of the space is important, as you'll need enough room for customers and all of your bar's equipment. Your team : Who do you need to make this work?

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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. Investing in equipment Given the large upfront investment to buy roasting equipment, café owners need to select cost-effective, efficient models. Then read our article on why some roasters are switching to electric machines.

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Defects in Buildings: What Restaurant Owners Need to Know

Modern Restaurant Management

This article discusses some of the warning signs to look for, and what to do if you discover a potential issue. What to Do: Contact a licensed contractor or engineer to evaluate. If you end up hiring someone to perform repairs, make sure they are licensed in your state and have adequate insurance to cover your project.

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

ChowNow

In this article, you will learn: What the data really says about how often restaurants fail The most common reasons behind restaurant failure and how to avoid them The strategies successful restaurants use to beat the odds Lets start with what the numbers actually say and what they dont. Create a buffer for unexpected expenses and slow times.

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May/June 2021 Legal Update

Modern Restaurant Management

The law allows home cooks to prepare meals from their homes and sell to consumers without being a licensed kitchen. The legislature did not codify this relief measure, and restaurants who offered the service are now left with packaging equipment and supplies that they can no longer use for to-go alcohol sales.

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The Ultimate Guide to Getting a Restaurant Business Loan

7 Shifts

It also requires money to open a restaurant and build it out, buy equipment and finance the operation until it reaches break-even. 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. Find other business plan resources from GrowThink.

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