Lavu

JUNE 6, 2025

Increasing restaurant profits allows you to invest in upgrades, like better equipment or a nicer place for customers to eat. Examples of fixed costs for a restaurant include rent, insurance, and equipment lease payments. Focusing on making more money is essential to keep your business successful in the long run.

Loyalty Program

Paper Chase Accountancy

JULY 25, 2025

Detailed Inventory Control: Especially for restaurants, managing perishable inventory (food and beverage) requires meticulous tracking to minimize waste, control COGS margin , and ensure profitability. Accounting must track: Capital Expenditures (CapEx): Large investments in property improvements, renovations, and new equipment.

Hospitality

Modern Restaurant Management

DECEMBER 31, 2024

Workers now place greater value on scheduling flexibility than on traditional benefits like paid time off and health insurance, with 46 percent ranking it as the most important benefit, compared to 44 percent for paid time off and 34 percent for health insurance.

Franchise

SpotOn

DECEMBER 30, 2024

Gross profit margin subtracts only the Cost of Goods Sold (COGS) to determine the profitability of your food and beverages, while net profit margin subtracts all your costs to determine the profitability of your entire operation. Your Cost of Goods Sold are your food and beverage costs along with the cost of any merchandise you sell.

Operations

Perfect Daily Grind

JULY 4, 2025

With the new equipment, MTPak Coffee now offers a minimum order quantity of 200 pieces and a one-week turnaround time after design approval. Syrups and sauce now cost US 80 cents per pump for unflavoured drinks, matcha powder is US $1 per scoop, and dried fruit is US 50 cents per scoop, with no charge for additions to pre-flavoured beverages.

Pricing

7 Shifts

JULY 12, 2024

Fixed costs Fixed costs are expenses that remain constant, including rent, insurance, and utilities. If transferring isn’t an option, you can try to reduce other fixed costs like insurance premiums. Make it part of the protocol to unplug equipment when not in use and fix any leaks promptly.

Food Truck

7 Shifts

AUGUST 18, 2024

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. In this guide we won't worry too much about the differences, but in general: A restaurant cost is a one-time expenditure on a material resource like food, liquor, dishes or kitchen equipment.

License

7 Shifts

AUGUST 7, 2024

The cost of food and beverages is a bit of a moving target. Food and beverages make up half of your prime costs (along with labor). Calculate your food cost percentage Determine what your food cost percentage target is by dividing your total food and beverage costs by your total revenue. divided by 0.30 = $9.16

Food

7 Shifts

AUGUST 18, 2024

Equipment : What equipment will you need? Sourcing the Right Equipment Your budget, target market, and concept will dictate your equipment needs. The size of the space is important, as you'll need enough room for customers and all of your bar's equipment. Your team : Who do you need to make this work?

Bar

Modern Restaurant Management

MARCH 16, 2020

will present a free webinar in conjunction with The Food and Beverage Shows titled, "Restaurant Preparation to Minimize COVID-19 Disease Risk and What You Need to Do Now." Global insurance brokerage Hub International , is responding tonumerous inquiries asking for more guidance through the Coronavirus crisis.

Food Safety

7 Shifts

JULY 5, 2024

For example, if labor costs are consistently high, you might consider optimizing staff schedules or using labor-saving equipment to reduce expenses and increase your net profit. With labor-saving equipment, like automated dishwashers, you can reduce the need for additional staff during peak hours.

Cash Management

Modern Restaurant Management

JULY 1, 2020

People who purchase hot dogs also had specific beverage preferences across alcoholic and non-alcoholic drinks. During the week of June 6-12, data from Sift , showed fraud rates in the food and beverage industry were up for a third week in a row. For those who would choose to travel, purchasing insurance is key. Fraud Rates Up.

2020

Modern Restaurant Management

SEPTEMBER 13, 2021

These typically are all the items that fall into the section on the income statement after key COGS (food cost, beverage cost, labor cost). This will include marketing, equipment, utilities, rent and insurance. To put us all on the same page, operating costs are the day-to-day expenses incurred by all businesses.

Insurance

Modern Restaurant Management

AUGUST 5, 2020

The bites will also be served with the option of twelve different dips, along with regular or sweet potato Tyga Tots, chocolate chip cookies, and beverages. ” Ervin Cohen & Jessup Launches Food, Beverage and Hospitality Practice. Selvin (insurance and business interruption) and Elliot N. Minnow Secures Funding.

Food Safety

7 Shifts

MAY 1, 2024

For instance, you can record your food and beverage sales separately. Your aim is to keep your labor + food + beverage expenses at approximately 60% to 65% of the total sales. In fact, approximately 47% of restaurant owners say they would repair or update their equipment if only they had any extra money on hand.

Cash Management

7 Shifts

MAY 23, 2024

This includes: Net Sales: The total revenue derived from your sale of food and beverages. Your restaurant expenses may vary depending on various factors, such as the equipment you use, your business location, the size of your operation, and whether you own or rent your commercial space.

Point of Sale

Restaurant365

JANUARY 5, 2021

The Act also redefines payroll costs to specifically include group insurance payments made on group life, disability, vision and dental insurance. payment for software and cloud services), perishable goods, and worker protective equipment. This would cover insurance plans such as vision, dental, disability and life insurance.

Insurance

Cheetah

MAY 17, 2021

billion dollar COVID-19 RRF to small food and beverage businesses. All food & beverage businesses for whom at least one third of their income is from onsite sales are eligible to apply. In the case of the Restaurant Revitalization Fund, this means offering management tools and allocating financial support from the $28.6

Point of Sale

Restaurant365

AUGUST 19, 2021

There are four fundamental categories for expenses: Cost of Goods Sold (CoGS), also known as food cost (cost of all food and beverage ingredients). Occupancy expenses (fixed costs such as rent, property taxes, and property insurance). Operating expenses (other costs such as equipment repairs, professional fees, or laundry).

Inventory

7 Shifts

JUNE 4, 2021

Food and beverage is one of the largest expenses next to payroll in the restaurant industry. To get your restaurant's break-even point, you'll need the following: Total fixed costs, like rent, salaries, and insurance. Food Cost Percentage. What is food cost percentage? Why is food cost important? How to calculate your break-even point.

Point of Sale

Restaurant365

SEPTEMBER 23, 2021

In addition, if there are unexpected costs such as equipment repair, your restaurant needs cash reserves. Your restaurant chart of accounts can get granular in detail, but here are the basic categories: Assets: cash on hand, equipment, accounts receivable, etc. Expenses: food costs, bar costs, and any marketing or equipment costs.

Cash Management

The Restaurant Times

SEPTEMBER 19, 2021

Time has never been better to open your food truck, and the most critical business step is investing in insurance. However, if you don’t have the correct insurance, your food truck might cost you thousands of dollars or perhaps your business in jeopardy in time of a mishap. . Food Truck Insurance Cost . Kind of Insurance.

Food Truck

Restaurant365

DECEMBER 17, 2019

Recurring restaurant costs would include costs like lease or mortgage payments, employee salaries, food and beverage costs, utilities, insurance and permits. Fixed costs such as insurance, rent, and loan payments do not fluctuate month to month. These recurring costs can be broken down further by category. Fixed Assets.

Point of Sale

Society Insurance

NOVEMBER 15, 2022

Additionally, follow a regular cleaning schedule so all cooking utensils and equipment are clean and well-maintained. Your restaurant’s closing checklist should remind you to turn all kitchen equipment (other than refrigerators) off for the night and ensure that refrigerators and walk-in coolers are sealed tightly.

Front of House

Harbor Touch

APRIL 17, 2018

If you purchase equipment, like a restaurant POS system , for example, it may be eligible for depreciation deductions. A permanent tax deduction is now available for equipment for small business under Section 179. They also may require a separate filing and collection, so be sure your records are accurate. Expensing Asset Purchases.

Employee Relations

The Restaurant Times

JANUARY 23, 2022

There can be companies that cater to larger groups, or if you are starting out, you can start small for a party of 20 or 50 people depending on the experience, equipment, and capital you have. Buying Equipment And Sourcing Your Raw Material. These are some of the equipment that you will need to invest in to get started – .

Catering

Modern Restaurant Management

JUNE 28, 2024

Fast food restaurants also receive high benchmarks for staff courtesy and both food and beverage quality (all 84), although sit-down chains outperform fast food on these measures. car finance, fuel, insurance, etc.) (22 Surprisingly, this coffee beverage is also popular in Turkey, outdoing the famous Turkish coffee on its home ground.

2024

7 Shifts

JULY 1, 2024

These start-up costs can range from the real estate payments you must make to the permits and licenses you need, the supplies you have to buy for your bar, the wages you need to pay your employees, and insurance. Glassware Depending on the beverage you serve, you will need garnishes, cocktail mixes, and drink ingredients.

Bar

Harbor Touch

MARCH 18, 2025

Equipment and Furniture: Deduct That Big Spend New ovens or tables can cost a chunk, often $5,000 or more. Accounting Tip: Log equipment purchases in your accounting software under equipment. Beverages: water, soda, liquor. Staff pay: salaries, insurance, bonuses. Equipment: tables, chairs, POS systems.

Point of Sale

Harbor Touch

MARCH 18, 2025

Equipment and Furniture: Deduct That Big Spend New ovens or tables can cost a chunk, often $5,000 or more. Accounting Tip: Log equipment purchases in your accounting software under equipment. Beverages: water, soda, liquor. Staff pay: salaries, insurance, bonuses. Equipment: tables, chairs, POS systems.

Point of Sale

Restaurant365

AUGUST 19, 2020

for employers with 50 or more full-time employees and self-insured employers of any size. Some localities may require a bartending license or certificate to serve alcoholic beverages, although this requirement varies by state or municipality. Reporting is required. Conclusion.

Restaurant Law

Ken Burgin

JULY 5, 2022

Every week in the Hospo Reset Newsletter, we share a product or service that’s caught our eye – for kitchen & beverage management, staffing, facilities management, marketing and overall productivity. Coffee and Beverage Management. Useful for insurance claims and recording errors. Goodbye barista? Helpful people.

Kitchen Safety

Deliverect

MARCH 24, 2021

But you should also consider that investment in kitchen tech, order management equipment, menu optimization , and the right team will massively improve your chances of success in the competitive delivery market. So it could make sense if you are focused on building a brand without the outlay of a brick-and-mortar outlet.

Food Truck

Restaurant365

APRIL 15, 2021

To provide even more insight, some P&Ls break down sales by menu categories or food and beverage costs. COGS is the total cost of the inventory you used to make the food and beverage items you sold during a specific time period. If you have an integrated Point of Sale (POS) system, compiling data can be done automatically.

Point of Sale

Restaurant Clicks

JANUARY 9, 2020

Apply for Permits, Licensing, and Insurance. Purchase Equipment and Find a Food Supplier. Your restaurant concept includes a few factors, all of which will inform restaurant branding, name, location, menu, budget, equipment – basically every other decision you will make. Apply for Permits, Licensing, and Insurance.

License

Restaurant365

OCTOBER 22, 2021

Typically, your total labor cost accounts for “fully burdened labor”, which includes your hourly and salaried wages, payroll taxes, benefits like health insurance or vacation days, bonuses, overtime, and more. For our hypothetical example, suppose that your restaurant has a total labor cost of $10,000 for a specific period.

Point of Sale

SpotOn

MARCH 25, 2024

Here, we'll discuss what you must consider when looking at the construction costs, equipment costs, interior design costs, and licenses and permits. Equipment costs Like all your restaurant startup costs, kitchen equipment, and small wares are directly connected to the concept. That would be $62,500 per month in food sales.

License