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Surviving COVID-19: 7 Financing Options for Restaurants

7 Shifts

From small business loans to microgrants to business credit cards, cash is available; it just takes a bit of application work and a little know-how. Best for: Businesses who need cash to keep their doors open and their staff employed. Check your governor's website.

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Protect Your Restaurants from Invoice Fraud through Technology

Modern Restaurant Management

Firstly, many restaurants haven’t secured their payment processes enough to keep up with burgeoning “distanced” payments in the form of online ordering on a restaurant website, QR code menus or “card-not-present” transactions. This helps finance teams spot red flags and potential areas prone to fraud.

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How To Run A Successful Restaurant Franchise — 10 Essentials For Sustainable Growth

Apicbase

Managing a chain of company-owned restaurants is very different from working with franchisees. Besides cost estimates, audited financial statements and projections should be included, like: the expected growth rate for (at least) the first year; the estimated restaurant cash flow; the expected payback period.

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Seven Restaurant Trends That Will Define 2022

Modern Restaurant Management

This instability will push operators to trim costs by shortening menus and investing in labor-saving technology to free up cash for wage increases. A short menu can slim down the food costs through streamlined inventory management, as well as reduced food waste. Pizza companies have long managed their delivery services independently.

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How to Finance a Ghost Restaurant Start-Up

The Rail

It is important to take note of all the expenses needed to start a business, such as the cooking equipment, raw cooking materials, marketing costs, skilled staff, delivery personnel , etc. Based on the above decisions, the necessary equipment can be procured. For example, cooking Chinese food requires woks, ladles, sauces, oils, etc.

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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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Experts Weigh In: What Are Key Challenges Restaurants Will Face in 2022?

Modern Restaurant Management

Managers lack the tools to properly schedule employees and plan for shifting consumer demands, and as a result, businesses are paying for redundant overworked labor, or having to manage with inadequate labor due to hiring challenges. Rick Camac, Dean of Restaurant & Hospitality Management at the Institute of Culinary Education.

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