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28 Strategies to Cut Costs in the Restaurant Business

Lavu

By regularly monitoring and managing costs associated with having employees, restaurant owners and managers can make informed decisions about staffing levels, pricing, and overall operations to ensure the business runs efficiently and profitably. Examples of fixed costs for a restaurant include rent, insurance, and equipment lease payments.

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Safety First: Welcoming Restaurant Employees Back

Modern Restaurant Management

As the fight against COVID-19 continues, more of those same restaurants have started considering—and even implementing—new plans for welcoming employees and customers back for in-person dining. Unexpected downtime, when paired with a swift return to work, can present new risks to restaurant employees.

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15 Restaurant Metrics to Know and How To Use Them

7 Shifts

Numbers can give us insights into everything from profits and losses to average customer spend to how often employees cycle through. Employee turnover rate. Labor cost includes all labor-related categories: Employees, both hourly wages and salaries. Employee Turnover Rate. What is employee turnover rate?

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Unique Challenges and Considerations for Restaurants As They Reopen Their Doors

Modern Restaurant Management

Also, take into consideration that though you only can seat 25 to 50 percent of your restaurant, you still must cover 100 percent of the hard costs, so it might not be economical for many restaurants to open for such a small amount of business. Let the public see that you care about their safety and that of your employees.

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Tyga Bites and Sushi with an Attitude

Modern Restaurant Management

Ervin Cohen & Jessup launched a Food, Beverage and Hospitality practice to more efficiently advise industry-related clients to recover from the devastating financial and logistical impacts of the coronavirus pandemic and beyond. Selvin (insurance and business interruption) and Elliot N. Lef f (litigation and employment), Kelly O.

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Surviving COVID-19: 7 Financing Options for Restaurants

7 Shifts

PPP Loans The Paycheck Protection Program seeks to protect jobs and cover other employee-related expenses by offering small businesses SBA loan amounts up to 2.5 Healthcare costs: group healthcare benefits, insurance premiums, etc. The CEWS covers 75% of an employees' wages (up to $847/week) retroactive to March 15, 2020.

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Giving Your Business a Restaurant Prime Cost Tune-Up

Restaurant365

Over the past few months, reporting may have taken a back seat to more pressing concerns. Your labor cost includes labor expenses such as wages for both salaried and hourly employees, payroll taxes, health or workers compensation insurance, and any benefits you offer. Give your prime cost a tune-up by optimizing your inputs.