Paper Chase Accountancy

MAY 21, 2025

They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management. This volatility makes accurate forecasting and consistent cash flow management incredibly challenging.

Hospitality 52

Hospitality Sustainability Cash Management Hotels 52

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 52

Hotels Hospitality Cash Management Restaurant Law 52

Perfect Daily Grind

JULY 11, 2025

Launched in January 2025, the licensed store scheme onboarded its third franchisee for the Midlands, aiming to open up to 15 cafés. Brussels, Belgium) Wed, 9 Jul – UK’s 92 Degrees expands franchise programme with Midlands partner. Washington, DC, US) Industry news Mon, 7 Jul – Asda invests £10m in café refresh programme.

2025 92

2025 Café Workshop Events 92

Lavu

JUNE 13, 2025

A great bartender or bar manager is born with a natural affinity for connecting with people and flair. Remember that these rules are not always taught when getting your bartender license in bartending school. Learn how to handle cash and be comfortable with cash. This is a key aspect of being a great bartender.

Training 117

Training Customer Service Cash Management Customer Experience 117

SpotOn

JULY 15, 2025

  The reality is that most bar managers don’t care if you went to school—they care significantly more about attitude, work ethic, and the ability to quickly develop your skills.  The more initiative you show up front, the more seriously a hiring manager will take you. 

Front of House 59

Front of House Bar Customer Experience Back of House 59

Modern Restaurant Management

SEPTEMBER 27, 2023

For restaurant owners, there are a number of issues in their workplace keeping them up at night and hindering them from successfully managing and operating their restaurant efficiently. Money and Inventory Management The profitability of a restaurant depends on the careful management of cash flow.

Cash Management 519

Cash Management Food Safety Restaurant Law Point of Sale 519

7 Shifts

FEBRUARY 12, 2021

Tack on obtaining permits and licenses, and you could be in for a pretty big check. They could also be trying to get out of a bad situation—be it management, building, or market related. Find out the true costs Understanding the businesses food and labor costs, monthly overhead, and a clear picture of the business cash flow.

License 444

License Equipment Certification Take-out 444

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 383

Delivery Hiring Transportation Food Safety 383

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 370

Bar License Email Marketing Customer Service 370

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 370

License Equipment POS Food Supply 370

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 386

Bar Cash Management Loyalty Program Point of Sale 386

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 527

Food Safety Mobile Ordering Online Ordering Kitchen Safety 527

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 393

Document Small Business Cash Management Take-out 393

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. Best practices for calculating cash flow. MRM Restaurant Survival Guide Updates and COVID-19 Resources for Restaurants. Tips for pivoting to retail.

Webinar 463

Webinar Loyalty Program Online Ordering Social Media 463

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 195

Cash Management Document Restaurant Law Online Ordering 195

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. Best practices for calculating cash flow. MRM Restaurant Survival Guide Updates and COVID-19 Resources for Restaurants. Tips for pivoting to retail.

Mobile Ordering 494

Mobile Ordering Webinar Loyalty Program Online Ordering 494

7 Shifts

AUGUST 2, 2024

By tracking metrics like customer retention and employee turnover rate, contribution margin, and menu item profitability, restaurant managers can identify each area’s strengths and what areas need improvement. Use this data to establish clear and specific goals and adjust your strategies as needed.

Point of Sale 397

Point of Sale Inventory Seasonal Menu Cash Management 397

EATER

APRIL 10, 2024

As it does with other partners, Wonder offered him a cash payment plus equity in the company to sign on, a compensation structure that’s common in tech startups but not in restaurants. Wonder has managed to raise a whopping $1.5 There are no royalties, meaning chefs aren’t paid a percentage of their concept’s sales. Wonder’s $1.5

Delivery 356

Delivery Cash Management Point of Sale Back of House 356

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 221

Bar License Food Supply Restaurant Law 221

7 Shifts

NOVEMBER 26, 2019

Between up-front licensing fees and opening costs, the amount can easily break into the six or even seven-figure range. million Some franchisors even require aspiring franchisees to have hundreds of thousands of dollars of cash on hand, which runs the bill up even more. of weekly gross sales for franchise royalties and advertising.

Franchising 369

Franchising Franchise Restaurant Law 2015 369

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 195

Cash Management Seasonal Menu Inventory Equipment 195

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 195

2024 Document Cash Management Point of Sale 195

7 Shifts

FEBRUARY 12, 2021

Tack on obtaining permits and licenses, and you could be in for a pretty big check. They could also be trying to get out of a bad situation—be it management, building, or market related. Find out the true costs Understanding the businesses food and labor costs, monthly overhead, and a clear picture of the business cash flow.

License 195

License Equipment Certification Take-out 195

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 162

License Restaurant Law Online Ordering Uniforms 162

Focus POS

JUNE 17, 2021

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. Multiple cash drawers on a station. VIP pricing.

Bar 148

Bar Cash Management POS Point of Sale 148

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 307

FOH Food Safety BOH Customer Service 307

7 Shifts

FEBRUARY 15, 2024

Bar management software is a tech-forward way to handle many of the elements necessary to operate a bar successfully. Depending on the solution you choose, this software could include features that help with employee management, inventory tracking, POS capabilities, payroll, and more. And it’s not just a matter of focus.

Inventory 195

Inventory Bar Management Management 195

7 Shifts

FEBRUARY 15, 2024

Bar management software is a tech-forward way to handle many of the elements necessary to operate a bar successfully. Depending on the solution you choose, this software could include features that help with employee management, inventory tracking, POS capabilities, payroll, and more. And it’s not just a matter of focus.

Inventory 195

Inventory Bar Management Management 195

Modern Restaurant Management

MARCH 7, 2020

Modern Restaurant Management (MRM) magazine's People & Places column features news of company hires and promotions, charitable efforts and product introductions. Leonard and Poelma will continue to report to Ray Lombard, Executive Vice President, Supplier Management and Business Development. "Cindy

Food 324

Food Food Supply Small Business Fast Casual 324

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. There are various licenses and permits necessary to sell food in the United States. Business License. Food Service License. Liquor License. Food Truck Management.

Food Truck 131

Food Truck Food License Social Media 131

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. After all, restaurants have historically offered same-day take home pay in the form of cash tips for front-of-house workers.

Employee Relations 148

Employee Relations Cash Management Point of Sale Front of House 148

Modern Restaurant Management

SEPTEMBER 15, 2020

SALIDO leverages design, data, and workflow management to optimize both front- and back-end operations. With the integration of both platforms, first-party orders made through Lunchbox will effortlessly feed into Ordermark’s platform to ensure that restaurants can manage both first-party and third-party orders from one location.

Fast Casual 405

Fast Casual Casual Menu Mobile Ordering 405

7 Shifts

MAY 23, 2024

Managing a restaurant is not for the faint-hearted. A restaurant budget allows restaurant owners and managers to see directly if they are meeting their income and expense benchmarks. Promotes proactive decision-making Restaurant owners and managers must adapt quickly to be successful and retain their competitive advantage.

Point of Sale 221

Point of Sale Seasonal Menu Food Supply Cash Management 221

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 97

Cash Management Seasonal Menu Inventory Email Marketing 97

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 78

Bar License Restaurant Law POS 78

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 78

Bar License Restaurant Law POS 78

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 78

Bar License Restaurant Law POS 78