The Restaurant Times

OCTOBER 29, 2021

In the previous articles, we talked about how to open a food truck , why your food truck needs a website and tips related to tax saving and insurance. In this article, we have put together some ways to help you make your food truck business green and sustainable. . This eliminates waste and decreases the load on inventory.

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BNG Point of Sale

AUGUST 19, 2021

In this article, we will take a closer look at how to generate a P&L statement and how the results it provides can improve your business performance and drive you to hit profits that beat industry standards. . Food and drink inventory costs need to include the ingredients costs per meal or per drink.

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Modern Restaurant Management

SEPTEMBER 25, 2020

We’ll share his answers with you in this article, along with our top reasons why a food truck makes the perfect gateway to opening a restaurant. Gorlie’s initial investment on the Vet Chef’s opening day was $41,200, and that includes the food inventory for their first service. Why Is a Food Truck a Smart First Step?

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Lavu

JANUARY 21, 2020

In this article, we are going to look at some of the most effective restaurant accounting tips: Understand Restaurant Accounting Terminology. The system will help you track your labor and inventory costs, methods of payment, and other important information. . Track Restaurant Inventory. Check Sales Regularly.

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BNG Point of Sale

JULY 22, 2021

If you plan to own or run a bar, this article is for you. Labor Costs are all other costs including salaries, cleaning costs, insurance, and payroll taxes. . According to the National Restaurant Association , theft causes 75% of inventory reduction. . Strong inventory management. What Type of Bar is Most Profitable?

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BNG Point of Sale

JULY 22, 2021

If you plan to own or run a bar, this article is for you. Labor Costs are all other costs including salaries, cleaning costs, insurance, and payroll taxes. . According to the National Restaurant Association , theft causes 75% of inventory reduction. . Strong inventory management. What Type of Bar is Most Profitable?

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BNG Point of Sale

AUGUST 12, 2021

In this article, we reveal the average restaurant owner’s salary and discuss ways to exceed the national average for a healthy paycheck. . Look at all overhead costs, including real estate, insurance, and medical. Adopt a first-in, first-out (FIFO) strategy and track inventory tightly. This includes alcoholic beverages.

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Harbor Touch

NOVEMBER 21, 2022

Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc. Additionally, a fast and reliable POS system can help you manage cash flow and inventory better, so you always have the right products on hand. There may be special licenses or permits you will need in order to open your bar.

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BNG Point of Sale

SEPTEMBER 2, 2021

The costs in this budget include the rent payments, the salaries, insurance, property taxes, and everything else. These expenses include all utility costs associated with production, such as power and gas, as well as employee wages, raw materials inventory, and sales commissions. Business insurance . Inventory management .

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Sling

OCTOBER 15, 2020

In this article, the experts at Sling show you how the part-time vs. full-time classification affect everything from schedules and pay to benefits and taxes. In general, part-time employees don’t receive benefits, such as health insurance, paid time off , retirement, and stock options. 4) Benefits. 6) Job Security.

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Sling

JUNE 1, 2021

In this article, we take an in-depth look at why prime cost matters for your restaurant, how to calculate it, and the best way to keep it under control. First, they go through their inventory records and discover that they accumulated $20,000 in direct material costs. The solution is simple: Calculate your restaurant’s prime cost.

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BNG Point of Sale

JULY 30, 2021

Additionally, you’ll want to buy insurance for your truck. Insurance comes in many varieties. A food truck is likely to have similar food costs as a brick-and-mortar restaurant, but they save on costs like rent, insurance, staff, and utilities because they have lower overhead. Promote your food truck business .

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Margin Edge

APRIL 27, 2020

We heard everything from taking out a second mortgage on your home to pay your team to furloughing employees quickly so they could maximize their unemployment insurance options. If you decide to explore this route Raffi says, “Ensure you fully understand insuring your employees as drivers. Inventory Clean Up.

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The Restaurant Times

DECEMBER 15, 2021

And so, we have compiled this article to give you a headstart on how to open a casual dining restaurant in the UAE. Insurance & working capital. Stock and Inventory Management is crucial to running a restaurant smoothly. This is a great time to invest in and open a casual dining restaurant.

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Touch Bistro

AUGUST 11, 2021

In this article, we’ll tell you everything you need to know about rising restaurant minimum wage and dealing with increased labor costs, including: Which states, provinces, and cities are currently seeing minimum wage increases How restaurant minimum wage increases will affect your business 6 ways you can deal with a minimum wage increase.

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BNG Point of Sale

AUGUST 27, 2021

Cost of Goods: The total cost of the inventory utilized to produce food and beverage items during a certain period is referred to as the cost of goods sold (CoGS) in this context. For restaurant expenses and a wide range of other related issues, restaurant owners focus on three primary key metrics: .

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BNG Point of Sale

SEPTEMBER 7, 2021

Licenses, permits, and insurance are also needed. . When ordering alcohol inventory, it is recommended to purchase 45% beer, 40% liquor, 5% wine, and 10% mixers. Costs such as buying the physical assets needed to open a bar are in here.

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Open for Business

DECEMBER 12, 2023

The information provided in this article does not, and is not intended to, constitute legal or financial advice; instead, all content is for general informational purposes only. Information in this article is presented “as-is” and may not constitute the most up-to-date information.

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Back of House Restaurant Law Email Marketing Small Business 78

Modern Restaurant Management

AUGUST 5, 2020

In recent months, they have been advising clients on issues ranging from Paycheck Protection Program (PPP) loans to reducing and rehiring employees to recovering losses from insurance companies and renegotiating leases. Selvin (insurance and business interruption) and Elliot N. Other members of the new practice include: Randy S.

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