Paper Chase Accountancy

MAY 30, 2025

This fundamental discipline, when expertly managed, ensures the financial health of restaurants and hotels, enabling them to thrive even in challenging market conditions. This specialized area of accounting involves managing the financial transactions and obligations of hospitality businesses, such as NYC restaurants and hotels.

Hotels

7 Shifts

FEBRUARY 12, 2021

Tack on obtaining permits and licenses, and you could be in for a pretty big check. The types of information that these listings will have include previous purchases and sales, square footage, zoning information, and information about the building itself such as year built. Table of Contents. How to Buy a Restaurant.

License

Modern Restaurant Management

APRIL 27, 2020

Consider the following in your risk management and business continuity programs: Use of Food Delivery Services vs. Company Employees – By using a hired food delivery service, a restaurant can reduce the chance of employees having an accident by using their cars or the owner’s vehicles.

Delivery

7 Shifts

AUGUST 18, 2024

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. Hiring a Strong Team You'll need a manager, bartenders, waiters, and security. To apply for a liquor license, consult the Alcohol Beverage Control (ABC) Agency) in your state.

Bar

7 Shifts

AUGUST 18, 2024

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. This is only a guideline.

License

Modern Restaurant Management

APRIL 27, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. For more information, visit: sba.gov/paycheckprotection. Best practices for calculating cash flow. According to Administrator of the U.S.

Webinar

7 Shifts

NOVEMBER 22, 2021

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

Modern Restaurant Management

APRIL 27, 2020

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. For more information, visit: sba.gov/paycheckprotection. Best practices for calculating cash flow. According to Administrator of the U.S.

Mobile Ordering

Modern Restaurant Management

MARCH 11, 2020

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.

Bar

Modern Restaurant Management

AUGUST 5, 2020

and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. This year’s Neighborhood to Nation Contest will double the number of winners to award 20 prizes of $5,000 in cash along with a robust marketing package.

Food Safety

ChowNow

SEPTEMBER 17, 2024

Managing accounts payable (AP) for restaurants efficiently is vital to running a successful restaurant. From keeping up with invoices to negotiating better payment terms with suppliers, these steps can ensure smoother operations, improved cash flow, and stronger relationships with your vendors. Automation can be a game changer here.

Cash Management

7 Shifts

NOVEMBER 12, 2020

In order for new hires to perform well and stay happy in their roles, hiring managers need to pay more attention to the restaurant onboarding process. Trainees can ask their buddies questions that they may not want to go to their managers for. Elevate concerns to management after getting consensus from two coworkers that you should.

FOH

7 Shifts

SEPTEMBER 16, 2024

The goal is to determine the total amount of cash flow that will be available to the new owner after accounting for these types of expenses. Profitability Showing consistent profits and positive cash flow can increase the perceived value of your restaurant.

2024

7 Shifts

FEBRUARY 12, 2021

Tack on obtaining permits and licenses, and you could be in for a pretty big check. The types of information that these listings will have include previous purchases and sales, square footage, zoning information, and information about the building itself such as year built. Table of Contents. How to Buy a Restaurant.

License

ChowNow

AUGUST 26, 2024

All of the ingredients of success come down to how you manage your money to keep costs under control and bring in profits. Startup Budget This covers initial costs such as equipment, licenses, renovations and initial inventory. We’ve got a few tips to effectively manage your restaurant business budget.

Cash Management

7 Shifts

JULY 1, 2024

However, note that bar profit margins vary due to various factors like tax rates, licensing laws, customer demographics, and the cost of living in your area. Obtain permits and licenses Remember: selling alcohol is a heavily regulated business. Before you start a bar, you must secure a license from the Alcohol and Tobacco Trade Bureau.

Bar

Focus POS

SEPTEMBER 17, 2020

Even more surprising, restaurants that haven’t sold alcohol previously are now choosing to get liquor licenses so they can provide alcohol to-go. Here’s how you can cash in on this trend: State Regulations Vary. If you have a license to sell alcohol, it may be easier to implement alcohol to-go. ID Scanning.

License

Modern Restaurant Management

SEPTEMBER 15, 2020

Laws governing alcohol consumption must always be observed, and hospitality businesses must remain informed of current rules and regulations. SALIDO leverages design, data, and workflow management to optimize both front- and back-end operations. ” says Amber Sheppo, SVP, Licensing, Endemol Shine North America.

Fast Casual

Restaurant365

NOVEMBER 18, 2021

Your restaurant orders, receives, and counts food all in one system: your inventory management software. Your inventory management solution measures and stores all the information you need about your food cost. While there are many details surrounding your food cost data, the actual tracking is relatively simple. Conclusion.

Employee Relations

7 Shifts

MAY 23, 2024

Managing a restaurant is not for the faint-hearted. To help you understand the importance of budgeting in restaurants, here are some of the benefits you can expect from doing it: Closely monitor income and expenses Monitoring your income and expenses will help you make informed financial decisions and properly allocate your resources.

Point of Sale

Restaurant365

AUGUST 25, 2020

Comprehending your restaurant cash flow is essential to running your restaurant business. Cash flow refers to the amount of cash coming into your restaurant minus the amount of cash going out on a daily, weekly or monthly basis. Common factors that cause cash flow issues. Too much inventory. Unexpected expenses.

Cash Management

BNG Point of Sale

OCTOBER 15, 2021

The device functions as a mobile cash register and terminal to process sales transactions. Equipped with wireless mobile point of sale devices, employees can check-out customers or access inventory information from anywhere within the store. This is no longer the case.

Retail

Focus POS

JUNE 17, 2019

It’s a system that takes the place of a traditional cash register and provides much more than basic transaction functionality. Restaurant point of sale software empowers businesses to control labor costs, manage inventory, and have deeper visibility into business operations. POS for Restaurant Franchise Management.

Point of Sale

Harbor Touch

NOVEMBER 21, 2022

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. It is important to research what type of licenses you need in order to serve alcohol in your bar.

Bar

Harbor Touch

NOVEMBER 21, 2022

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. It is important to research what type of licenses you need in order to serve alcohol in your bar.

Bar

Harbor Touch

NOVEMBER 21, 2022

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.

Bar

The Rail

APRIL 4, 2024

Understanding the Landscape of Local Regulations The first step in this relocation adventure is getting to grips with intricate zoning and licensing laws. They are the heart and soul of your bar, and you must keep them informed and involved. Keeping a close eye on cash flow during this period is vital.

Bar

Restaurant Clicks

SEPTEMBER 18, 2020

By managing to successfully run a food truck, you cut a lot of maintenance, utility, and wage expenses that come with owning a restaurant. Scout the area and see if there are similar services nearby, as this information will be important going forward. There are various licenses and permits necessary to sell food in the United States.

Food Truck

Lavu

MARCH 11, 2020

Understanding Restaurant Management Software. Among the technology offered today is restaurant management software. . If you’re in the beginning stages of looking for a restaurant management system , you might have multiple questions or concerns. Why do you need restaurant management software?

Management

Open for Business

OCTOBER 20, 2023

From budgeting and licensing to crafting the perfect menu, here’s everything you need to know about how to open a restaurant. Knowing your audience will inform your menu, but more importantly, your restaurant’s overall vibe and service style. Craft a comprehensive financial blueprint to manage your restaurant’s expenses.

License

Buzztime Business

FEBRUARY 3, 2021

As of the date of this press release, NTN has received no proposal regarding any potential acquisition or similar transaction from any party, and NTN’s management and board of directors remain focused on closing the proposed merger with Brooklyn and the proposed asset sale to eGames.com.

Specials

Clover - Restaurants

OCTOBER 3, 2024

Devise a business plan A well-constructed business plan can help guide you through each step of starting and managing your restaurant–and is important in securing the financing you may need to get up-and-running. While there are common permits required to open restaurants, each state has specific licenses that must be obtained.

License

Buzztime Business

MARCH 1, 2021

The NTN board of directors reiterates the following: The negative impact of the COVID-19 pandemic on the restaurant and bar industry was abrupt and substantial, and NTN’s business, cash flows from operations and liquidity has suffered, and continues to suffer, materially as a result.

Cash Management

Clover - Restaurants

JUNE 20, 2024

So, if you’re thinking of opening a restaurant in Florida, we’ve got you covered with information on how to open a restaurant in Florida. Permits and licenses Once you’ve decided on the kind of restaurant you’d like to open in Florida, you’ll need to register your business with the Florida Department of Revenue.

License

BNG Point of Sale

OCTOBER 13, 2021

A POS system for convenience stores is an invaluable asset and one of the most important business management tools for convenience store managers. Cash drawer. A POS speeds customer checkout at the cash register. Information processing is at the heart of both of these POS features. Keyboard and mouse.

POS

The Restaurant Times

DECEMBER 30, 2021

A well-thought-out plan takes cognisance of various future aspects of your business, such as capital outlay, expected cash flow, payback period, etc. Get Licenses and Approvals. You should get the following licenses and approvals if you are planning to start a functional food business in the UK: Food Business Registration.

Food

The Restaurant Times

SEPTEMBER 30, 2021

When you start a food truck, you have to look out for state rules and regulations regarding licensing and taxes. Before you get started, here’s a list of necessary food truck licenses and permissions to think about: Business license. Vehicle license. It allows you to spend less cash each month.

Food Truck