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Restaurant Failure Rate: Why Restaurants Fail And How To Make Yours Succeed

ChowNow

What the data doesnt show is just how many of these restaurant closures come down to preventable issues, like: Poor financial management No marketing plan Lack of clarity around the restaurants concept The key takeaway here is: failure is not inevitable. Lack of Marketing and Visibility The Issue: Hoping if you build it, they will come.

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

The Rail

From logistics to marketing, staff communication to moving the kitchen, reopening a restaurant successfully is all about the details. Start by announcing your move as early as possible on all your communication channels social media, email newsletters , and in-person interactions. Transparency builds trust.

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From acqui-hire to vaporware: The new restaurant tech ABCs

Restaurant Business

They are popping up more often in conversations this year, and they point toward deeper trends in the restaurant tech market. The coffee giant is licensing the company’s order fulfillment tech while also bringing aboard Empower’s six engineers. This has led to a lot of half-baked products hitting the market.

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

SpotOn

These include rent, utilities, licenses, equipment, repairs, credit card processing fees—anything that's not labor or COGS. From there, you can send out emails weekly, monthly, or every couple of months to offer your guests special promotions or tell them about upcoming events. Overhead costs.

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Restaurant Accounting Tips Made Simple: Expert Ways to Boost Profits in 2025

Lavu

Well, accounting brings deep insights into the financial status of your business and its performance in the market. When organizing you chart of accounts, you may consider breaking these elements into subcategories like marketing budget, cost of goods sold, total sales figures, and inventory. So, what is restaurant accounting?

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Hospitality Industry Accounting and Advisory Services: The Path to Sustainable Growth 

Paper Chase Accountancy

As a global leader in hospitality industry accounting and advisory services, Paperchase empowers businesses across diverse markets to navigate their financial complexities with precision and foresight. Compliance Expertise: Do they understand the complex tax regulations, labor laws, and licensing requirements unique to the hospitality sector?

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July will bring another step up in minimum wage rates around the country

Restaurant Business

As July brings another round of phased-in minimum wage increases in various states around the country, the debate over the tip credit also remains in play in some markets. Since then, restaurant jobs have increased, the group said, 856 new restaurants have opened in Chicago and business license cancellations have been cut in half.