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Seven Questions Restaurants Should be Asking About Insurance Coverage

Modern Restaurant Management

While maybe less cute than National Pet Day (4/11) and less tasty than National Cheeseburger Day (9/18), National Insurance Day on June 28 encourages businesses to shop around for the BEST insurance partner to ensure financial success and safety for all involved. Food service businesses, such as caterers, face additional risks.

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Inside the World of Hospitality and Leisure Accounting

Paper Chase Accountancy

Restaurants and Food Service: Including fine dining, fast casual, QSRs, cafes, and catering. Operating Expenses Utilities, marketing, supplies, rent, insurance. Seasonal variations, maintenance for high-use facilities, entertainment licensing. Tip tracking & distribution, service charge accounting, high labor turnover.

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Restaurant Profit Margin: 7 Ways To Actually Make Your Operation More Profitable

SpotOn

But many owners don't account for the high fixed costs of bars —like repairs, insurance, and alcohol theft which can leave them with less profit than expected. This is all the income from your food and beverage sales, catering, branded merchandise, packaged goods, venue hire, etc. Labor costs. Overhead costs.

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The Land of Misfits with Don Pirone

SpotOn

He worked at a pizza restaurant with a beer and wine license that seemed like the pinnacle of luxury at the time. Don’s challenge was to cater to all tastes—and coach his staff on how to do the same. Don, SpotOn Team Lead based in Atlanta, knows this firsthand.

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How Insurance Needs Differ for Traditional Restaurants v. Mobile Food Businesses 

Modern Restaurant Management

Traditional sit-down restaurants and mobile food businesses have uniquely different needs when it comes to insurance. While there is some overlap in coverage needs, it’s important to understand the differences when it comes to insuring your business. Traditional Sit-Down Restaurant Insurance Needs. Property Insurance.

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2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

. – Amy Chen, COO, UPSIDE Foods License Plate Recognition (LPR) is already playing a vital role in business security infrastructure. Currently, License Plate Recognition is used to improve safety at drive-thrus by monitoring license plates and reporting incident disputes in case of investigations. Golden Corral is one.

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A Comprehensive Guide To Restaurant Profit Margins For All Restaurant Types

7 Shifts

Fixed costs Fixed costs are expenses that remain constant, including rent, insurance, and utilities. If transferring isn’t an option, you can try to reduce other fixed costs like insurance premiums. Since caterers don’t need a full-service restaurant space, they typically save a lot on overhead costs.