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How to Buy a Restaurant: An Ultimate Guide

7 Shifts

You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. Tack on obtaining permits and licenses, and you could be in for a pretty big check. According to Investopedia , a restaurant will generally look to sell for about 25 to 40% of its annual operating income.

License 444
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How much does it cost to open a restaurant?

7 Shifts

Furniture & Equipment Restaurant equipment can set you back between $100,000 and $300,000. Licensing and permits The licensing and permits your restaurant will need will vary depending on where you are. Ask an experienced colleague or lawyer which licenses and permits you’ll need to open a restaurant in your area.

License 354
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How to Open a Coffee Shop: The Ultimate Guide

7 Shifts

Obtain Permits and Licenses. Sourcing Equipment. This research will dictate your hours of operation and pricing plans! Do they serve just coffee or small foods as well? So, make the most of this step– gathering this information will help you plan, operate, and run a successful coffee shop. Research the Market.

License 459
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Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

This includes: Net Sales: The total revenue derived from your sale of food and beverages. Your restaurant expenses may vary depending on various factors, such as the equipment you use, your business location, the size of your operation, and whether you own or rent your commercial space.

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5 Things to Look For When Picking the Right Commissary Kitchen for your Food Truck

Cheetah

In case you haven’t noticed, the food truck market is on the rise , which means you need to up your game. The right commissary kitchen can mean the key to a successful food truck business – considering it offers all the benefits of having your own kitchen, without a lot of the associated overhead, paperwork, and hassle.

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The Top Five Startup Costs Restaurant Owners Need to Know

Modern Restaurant Management

Food and Beverage Inventory and Paper Supplies. Similar to your payroll expenses, your food and beverage expenses are going to vary depending on the type of restaurant you run. In general, overhead expenses related to food and beverages should be between 35 and 40 percent of your total revenue. Licensing and Permits.

License 166
article thumbnail

How to Buy a Restaurant: An Ultimate Guide

7 Shifts

You have the advantage of a built-out kitchen with equipment, bars and dining rooms, technology, parking lots, and more. Tack on obtaining permits and licenses, and you could be in for a pretty big check. According to Investopedia , a restaurant will generally look to sell for about 25 to 40% of its annual operating income.

License 195