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Seven Questions Restaurants Should be Asking About Insurance Coverage

Modern Restaurant Management

If you are a caterer, you’ll face traditional restaurant risks like equipment breakdown and damage to your property; however, you may have a greater interest in coverage such as hired and non-owned vehicle insurance. How Will my Coverage Apply to Off-Site Events? Food service businesses, such as caterers, face additional risks.

Insurance 221
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How to Open a Corporate Cafeteria in 2025: Step-by-Step Setup & Profit Guide

Lavu

Consider legal requirements like licenses and permits. Cafeteria setup costs vary depending on kitchen size, equipment, staffing, and design. You’ll need proper ventilation, food storage, commercial kitchen equipment, and certified staff. It must meet health and safety standards and be equipped with proper appliances.

2025 78
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Hospitality Industry Accounting and Advisory Services: The Path to Sustainable Growth 

Paper Chase Accountancy

Capital-Intensive Operations: Hotels and restaurants often require significant upfront investment in property, equipment, and renovations, impacting depreciation, amortization, and long-term financial planning. Knowledge of Industry-Specific Tools: Are they proficient with common hospitality POS systems (e.g., Opera, Cloudbeds)?

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Hospitality Financial Accounting: Building a Stronger Financial Backbone for Restaurants and Hotels

Paper Chase Accountancy

Equipped with a restaurant tax NYC calculator , accountants can accurately compute tax liabilities, ensuring compliance and avoiding penalties. Inconsistencies or errors can lead to audits. Hospitality financial accounting includes tasks like tracking revenue, costs, and taxes, including the complex NYC restaurant tax.

Hotels 52
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The Top Five Startup Costs Restaurant Owners Need to Know

Modern Restaurant Management

Make sure you do a projection and daily audit to ensure your payroll costs are commensurate with your current revenue. Kitchen and Serving Station Equipment. There is no way you can prepare a meal without the right equipment. Licensing and Permits. You cannot get any licenses or permits without your EIN.

License 445
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How to Buy a Restaurant: An Ultimate Guide

7 Shifts

You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. Tack on obtaining permits and licenses, and you could be in for a pretty big check. Have there been any tax audits in the past three to five years? Which piece of equipment breaks down the most?

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Electrical Hazards and Safety Checklist for Restaurants

Modern Restaurant Management

Overloading – There’s a lot of equipment and lighting which can overload the electrical systems and fixtures. Damaged Equipment – Most hazards which are infrequent or momentary can damage your equipment over time. Equipment testing. Routine inspection and testing of all electronic equipment.