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5 Things Lenders Want to See in a Restaurant Business Plan

7 Shifts

It’s also a vital document that helps businesses qualify for better loans. Will you provide a casual or fine-dining experience? In general, lenders will want to see at least five years' worth of cash flow projections. From there, they will help you work through the numbers and provide an estimation of your future cash flow.

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How Little Italy Ristorante Turned Hours of Payroll Processing into Minutes

7 Shifts

Executive Summary Location: Groveport, OH Restaurant Type: Casual Dining Problem: Too much time spent on manual processes. Solution: Team management software that handles scheduling, time clocking, and payroll in one place. That's why they were excited when 7shifts, their team management software, added payroll to the platform.

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How to Write a Restaurant Business Plan [with Sample]

7 Shifts

You'll have a document to reference during the planning or opening of your restaurant. A restaurant business plan is a document that outlines the various aspects of your restaurant business. The management team. Management team. Section 5: Operations Plan. Section 6: Financials. Section 7: Appendix. Other Resources.

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Hello Lender, Here’s My Plan to Survive COVID-19. Let’s Talk

Modern Restaurant Management

The hardest hit have been casual dining sit-down restaurants and national chains that complied with local COVID-19 mandates to limit or ban indoor dining. Year-over-year revenue comparisons show quick service restaurants are above year-ago levels, while casual restaurants were still down 30-40 percent in May.

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Virtual Acceleration, Raising the Bar and Insult Monitor

Modern Restaurant Management

US Foods Holding Corp.entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. NYSE: APO) (the “Apollo Funds”) for $970 million in cash.

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The Ultimate Guide to Restaurant Costs

7 Shifts

But the challenges don’t stop there—once open you have to focus on improving processes, managing labor schedules, and controlling restaurant costs. 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. Fast casual: 28.9%

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Owning a Bar: Everything You Need to Know

7 Shifts

This document will outline your bar's concept, menu, marketing strategy, and financial projections. Specialty bars focus on a particular type of drink or theme, such as wine bars or cigar bars, but can be much more expensive to manage. Will it be a casual neighborhood bar or a more upscale establishment?

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