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Opening a Restaurant: Steps to Take and Common Pitfalls to Avoid

Modern Restaurant Management

Draft a Business Plan Business plans are documents that contain all the necessary information surrounding your restaurant and how it will operate. The business plan will become your go-to document when you run into operational problems and will guide you through turbulent times.

License 408
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Marketplace Collection Laws Present Unique Challenges for the Restaurant Industry

Modern Restaurant Management

However, qualification to opt-out and the necessary documentation to do so varies from state to state. The distinction of which party is the “seller” can be particularly important when determining the appropriate taxable price of the food sold, and whether the taxable price includes other charges or discounts.

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Reopening a Restaurant in a New Location? Don’t Skip This Step

The Rail

Remember, location influences customer flow, staff retention, and menu pricing. Handle Licenses, Permits, and Inspections Early Opening day cant happen without the right paperwork. Licenses and permits dont always transfer from one location to another, so check with your local health department, city planning office, and fire marshal.

License 130
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Owning a Bar: Everything You Need to Know

7 Shifts

This document will outline your bar's concept, menu, marketing strategy, and financial projections. Make sure to get quotes from multiple suppliers so you can compare prices and services. Pricing should match your target market and theme. A cocktail bar can have higher prices while a local neighborhood pub probably can't.

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The Ultimate Guide to Restaurant Costs

7 Shifts

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. Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums. Indeed, controlling restaurant costs is one of your biggest challenges.

License 370
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The Ultimate Guide to Getting a Restaurant Business Loan

7 Shifts

Industry Analysis : Document the size and trends in the restaurant industry to show readers you are an industry expert. Competitive Analysis : document local competitors and show how you will be able to carve out a niche in your market. Marketing Plan : detail your pricing structure (e.g., Getting Your Restaurant Business Loan.

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How to Open a Coffee Shop: The Ultimate Guide

7 Shifts

Obtain Permits and Licenses. You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! Expected menu prices. Once you've validated your idea, you can dive into the nitty-gritty: Obtain Permits and Licenses.

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