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How much does it cost to open a restaurant?

7 Shifts

You won’t have cash coming in until you open your doors, so you’ll have to depend on your life savings, investments, and loans to get you through your first few weeks or months of business. If your space is worth $1 million, for example, you’ll need $100,000 in cash to lock in the space. You’ll need roughly 10% down on your space.

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Bar Software that Boosts Your Revenue

Focus POS

Have you hired quick and personable bartenders? With a bar software system, you can quickly scan someone’s driver’s license and verify their age right where they order. Like age verification, there are other inherent hurdles to running a bar that, when poorly managed, can lead to severe issues. Cash drawer shortages.

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Setting the stage: a guide to opening a restaurant

Open for Business

From budgeting and licensing to crafting the perfect menu, here’s everything you need to know about how to open a restaurant. Craft a comprehensive financial blueprint to manage your restaurant’s expenses. There’s plenty to think about, from getting a general business license to copyrighting music.

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How to Open a Bar – 6 Expert Tips to Starting Your Own Bar

Harbor Touch

There are many things to consider when opening a bar, from the type of establishment you want to open to the licensing and zoning requirements in your area. There may be special licenses or permits you will need in order to open your bar. Obtain alcohol licenses and permits. Create an appealing atmosphere.

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Essentials of Payroll Accounting for Restaurant Groups, Part 1

Restaurant365

From hiring and onboarding to running employee payments and paying taxes, payroll touches on many different parts of a restaurant business. Your restaurant orders, receives, and counts food all in one system: your inventory management software. However, tracking your labor cost is a bit more complicated. Offering Same Day Pay.

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Challenges and Solutions for Relocating a Bar or Pub

The Rail

Understanding the Landscape of Local Regulations The first step in this relocation adventure is getting to grips with intricate zoning and licensing laws. Hiring professional commercial movers is the most effective way to handle this challenge. Keeping a close eye on cash flow during this period is vital.

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5 Things To Consider Before Going For Restaurant Consulting

The Restaurant Times

Yes, you can enrol in restaurant management classes or attend culinary school. This way, they’ll be knowledgeable about the licenses and permits your restaurant will require, as well as the specific hospitality regulations and demographics you’re targeting. . Experience . The is a risk of mishaps is also much lower.