Remove Bar Remove Food Safety Remove Insurance Remove Website Management
article thumbnail

How to Open a Bar: Comprehensive Guide on Starting a Bar

7 Shifts

Running a bar is a lucrative business, proven by the fact that this industry is estimated to be valued at a whopping $36 billion in 2024. While this could be a rewarding venture, opening a bar is not exactly the same as opening a food business. How profitable is a bar?

Bar 221
article thumbnail

The Complete Checklist For Selling Your Restaurant In 2024: Pre-Sale, Sale & Post-Sale

7 Shifts

One of the main reasons is to cut losses due to financial challenges, with 52% of restaurant owners saying high operating and food costs are really cutting into their profits. You should also deep clean everything, from floors to ceilings, and pay extra attention to high-traffic areas like the entrance, restrooms, and bar.

2024 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

No-Crisis Planning for Restaurants & Cafes

Ken Burgin

Effective crisis planning and management is a must. Can we all be expert crisis managers or are some people better at it than others? Thinking ahead, backup, clear policies and documentation are the key to good management and efficient operations. Adequate Insurance coverage – does it cover current risks and equipment?

article thumbnail

8 Ways to Navigate The Restaurant Staff Shortage

Lavu

According to the Bureau of Labor Statistics July 2023 Job Openings and Labor Turnover Summary , the number of job openings in the food services and drinking places industry was 1.9 This means that there were 600,000 more job openings than hires in the food services and drinking places industry in July 2023.

article thumbnail

MRM Restaurant Survival Guide, Part Three

Modern Restaurant Management

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. We always say that love for our brands is built in bars, and now it is our turn to show them our love,” said Mahesh Madhavan, CEO of Bacardi Limited.

article thumbnail

How To Open a Restaurant: 12 Steps to Starting a Restaurant

Restaurant Clicks

If you have a passion for food, food service, or bringing people together over a meal, the restaurant business might just be for you. . Pick a Food Concept or Type of Restaurant. Apply for Permits, Licensing, and Insurance. Purchase Equipment and Find a Food Supplier. Pick a Food Concept or Type of Restaurant.

License 78
article thumbnail

An Insider’s Advice About Restaurant Insurance: Six Ways to Reduce Your Costs

Modern Restaurant Management

Restaurant insurance is complicated. Just as owners have to play many roles in management, marketing, and menus, their insurance has to protect their finances, patrons, and employees. And who has the time to read a 100-page insurance policy? These are often excluded from standard policies and be potentially costly.