article thumbnail

How to Buy a Restaurant: An Ultimate Guide

7 Shifts

Tack on obtaining permits and licenses, and you could be in for a pretty big check. Things to consider are: Local Sentiment Finances Equipment Taxes or Violations Licenses and Permits What is the local sentiment towards the restaurant? Have there been any tax audits in the past three to five years? Table of Contents.

License 444
article thumbnail

How to Buy a Restaurant: An Ultimate Guide

7 Shifts

Tack on obtaining permits and licenses, and you could be in for a pretty big check. Things to consider are: Local Sentiment Finances Equipment Taxes or Violations Licenses and Permits What is the local sentiment towards the restaurant? Have there been any tax audits in the past three to five years? Table of Contents.

License 195
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

How to Streamline Human Resources and Payroll in the Restaurant Industry

Restaurant365

There are some general areas to focus on when starting to audit your human resources information systems (HRIS) and payroll systems. Tailor your hiring and recruiting practices. The first step in reducing high turnover is to examine your hiring and recruiting practices. There are many moving parts to hiring and recruiting.

article thumbnail

Sample Blog Layout

Restaurant365

There are some general areas to focus on when starting to audit your human resources information systems (HRIS) and payroll systems. Tailor your hiring and recruiting practices. The first step in reducing high turnover is to examine your hiring and recruiting practices. There are many moving parts to hiring and recruiting.

Blog 78
article thumbnail

5 Things To Consider Before Going For Restaurant Consulting

The Restaurant Times

Filing for licenses and permits. Recruiting and training staff. Research And Audit. Restaurant consultants will usually start their work by conducting research and auditing, both on your restaurant and the market. They can also help you with acquiring permits and licenses for your restaurant. . Cost Of Services.

Audits 52
article thumbnail

Pitfalls Of Starting A Restaurant Franchise — Is Your F&B Concept Fit For Expansion? Are You Ready To Deal With Franchisees?

Apicbase

You should be able to give potential franchisees a complete overview of their estimated expenditure, from the initial start-up investment to infrastructure, licenses, and royalty fees. Audited financial statements can reassure potential business owners and investors. It allows them to spot discrepancies sooner.

article thumbnail

Little Known Tax Benefits of Franchising Your Business

MBB Hospitality

If you are a franchisee, you can deduct the fees such as the initial franchise fee and any annual residuals you pay to license your franchise unit. They also offer assistance with developing operations and training documentation and franchisee recruitment marketing strategies. You Can Deduct Franchise Fees.