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The Top Five Startup Costs Restaurant Owners Need to Know

Modern Restaurant Management

Remember that it can also be expensive to hire and train new employees. Therefore, if you have exceptional employees at your restaurant, do everything you can to keep them around. Food and Beverage Inventory and Paper Supplies. For example, the cost related to printing menus can also be expensive. Licensing and Permits.

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How AI Is Enabling Restaurant Labor Compliance

Modern Restaurant Management

But beyond its legal necessity, ensuring compliance with employment laws is critical to shaping a better experience for employees and customers alike. Restaurants should not make managers and employees fear compliance. Instead, they should see it as an opportunity to start an important conversation about the employee experience.

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How to Open a Coffee Shop: The Ultimate Guide

7 Shifts

Obtain Permits and Licenses. List all employees and partners. Once you've validated your idea, you can dive into the nitty-gritty: Obtain Permits and Licenses. In the process of opening your coffee shop, it's important to mitigate the potential risks affiliated with permits and licenses. Business License.

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How Restaurants Can Prepare for a Safe New Year’s Eve

Modern Restaurant Management

Ahead of New Year’s Eve celebrations, Society Insurance, which provides coverage to the hospitality industry, has put together the top four tips on how a restaurant can protect themselves, their patrons and their employees as well as create a safer environment on Dec. 31 and beyond. Understand Your State’s Dram Laws.

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Tough Talk: What Restaurants Need to Know and How General Counsel Can Help

Modern Restaurant Management

Others have brought employees back that were only temporarily furloughed and have questions about accrued sick leave. The high turnover rate in the restaurant industry is just one of the reasons good record keeping and employee handbooks are so important, but they are especially critical now.

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The Ultimate Guide to Restaurant Costs

7 Shifts

Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums. Cost of goods sold is the raw material cost of your beverages and food, and labor cost includes actual labor, employee benefits, payroll taxes, healthcare, and bonuses. Variable costs include food, hourly wages, and utilities.

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From acqui-hire to vaporware: The new restaurant tech ABCs

Restaurant Business

Acqui-hire “To acquire a company in order to use its employees skills or knowledge, rather than for its products or services.” The coffee giant is licensing the company’s order fulfillment tech while also bringing aboard Empower’s six engineers. Starbucks’ deal with Empower Delivery fits the acqui-hire framework.

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