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Ready To Sell? Maybe You Should Be

Modern Restaurant Management

By then, he had a well-oiled, cash-flowing operation that he could sell at a premium. Document Systems, Processes, and Checklists : I’m pretty sure I’ve mentioned systems, processes, and checklists in every chapter of this book. Everything needs to be documented and turned into a system, process, and checklist.

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MRM Research Roundup: AI Investment Heating Up and Summer Dining Dos and Don’ts

Modern Restaurant Management

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the present and future of AI use in F&B, The Splintered Path to Purchase, the Datassential 500 Awards, and where chefs are earning six figures. percent menu-price inflation rate. At the same time, U.S. chain sales grew just 3.1

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How to Analyze Restaurant Financial Statements and Identify Growth Opportunities

Modern Restaurant Management

Balance Sheet This document provides insight into the current state of your finances (up to a specific date). Income statement (P/L statement) This document shows restaurant owners how much they’ve made versus their losses, so they can determine whether their ROI was sufficient to balance their spending.

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The Ultimate Guide to Getting a Restaurant Business Loan

7 Shifts

Industry Analysis : Document the size and trends in the restaurant industry to show readers you are an industry expert. Competitive Analysis : document local competitors and show how you will be able to carve out a niche in your market. Marketing Plan : detail your pricing structure (e.g., Make Sure You Qualify for Such a Loan.

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Franchise Compliance Guide: Laws + Agreements

7 Shifts

The FTC Rule largely pertains to franchisors supplying prospective franchisees with a franchise disclosure document – a document from franchisors providing 23 key information points to franchisees regarding need-to-know information about the business. Proper Team and Labor Management Tools. These points include: Initial fees.

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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. Determine how you’ll price your products. If you’re offering it at lower prices, be sure that you’re not sacrificing the quality of your food. In general, lenders will want to see at least five years' worth of cash flow projections.

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What Restaurant Groups Need to Know about Managing Prescription Drug Expenditures

Modern Restaurant Management

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. When it comes to managing medical plan costs for restaurant employers, aggressive management of prescription drug expenditures can yield significant savings. Understand Your Costs.