article thumbnail

Staying on Top of FDD Requirements for Risk and Insurance

Modern Restaurant Management

But it’s not just newbies to franchising – or restaurant franchises themselves, for that matter – that need to stay on top of the management intricacies that characterize the business. What may be overlooked within it are risk and insurance issues. Risk and insurance should be top on the list.

Insurance 100
article thumbnail

The Ultimate Guide to Getting a Restaurant Business Loan

7 Shifts

Management Team : document your team and why they have the experience and expertise to make your restaurant a success. Include 5-year financial projections including an income statement, balance sheet and cash flow statement showing that your restaurant will be able to repay any loans with interest out of operating profits.

Document 393
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

8 Ways to Navigate The Restaurant Staff Shortage

Lavu

Make sure that you are paying your employees a fair wage and offering competitive benefits, such as health insurance, paid time off, and retirement savings plans. Table Management: Lavu’s table management feature allows you to track table availability, manage reservations, and optimize seating arrangements.

article thumbnail

 ‘The Bear’ Grows Up

EATER

But as with a real-life restaurant, the Original Beef needs an infusion of money to stay open, and survives only thanks to a stash of tomato cans stuffed with cash left behind by Mikey. His sister, Sugar (Abby Elliott), who is overseeing the project, quickly makes it clear that they need more cash. He even wears suits now!

article thumbnail

Top Five Supply Chain Management Tips

Hot Schedules

Top Five Supply Chain Management Tips. . As business levels continue to fluctuate since early Spring, it is important to keep stock levels to a minimum to preserve cash and minimize waste. To find out how to cut costs, not corners, to effectively manage your supply chain check out our procurement and inventory guide.

article thumbnail

What You Need to Know About Using Commissary Kitchens

Xtra Chef

There are numerous types of shared kitchens, from those that cater specifically to food trucks, to kitchen incubators that support growing businesses, to restaurants that make some extra cash by renting out their spare kitchen space. Licensing and Insurance. Who Uses Commissary Kitchens? Flexibility. Even better?

article thumbnail

How to Open a Restaurant in the US From India?

The Restaurant Times

If you’re just looking to invest in a restaurant from a safe distance, all you need to do is form an LLC, hire someone to handle management, and inject cash. As we said already, you will require a non-immigrant or immigrant visa to get work authorization in the US to efficiently manage your restaurant from the country. .

License 52