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Average Restaurant Profit Margins: What They Are And How to Improve Yours

ChowNow

If your restaurant profit margins arent healthy, it doesnt matter how busy you areyoull always be playing catch-up. It factors in all your operating expenses, like labor, rent, insurance, equipment repairs, marketing, and more. came to $35,000, and your operating expenses (labor, rent, insurance, etc.)

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2024 Emergency Planning for Restaurants

Modern Restaurant Management

In the hospitality industry, the last thing you want is a phone call from the alarm company at an early morning hour about a fire, break-in or other disaster at your business. Taking proactive measures and having plans in place will allow your business to react quickly to help minimize the impact of an emergency.

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In the Pandemic, the Need to Prepare for Severe Weather Becomes Critical

Modern Restaurant Management

The past year has been a challenge for small businesses and no industry has been impacted quite like small hospitality operations. Whether customers are eating inside or out, your roof protects equipment vital to keeping the doors open. The good news is severe weather is one challenge you can do something about.

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An Insider’s Advice About Restaurant Insurance: Six Ways to Reduce Your Costs

Modern Restaurant Management

Restaurant insurance is complicated. Just as owners have to play many roles in management, marketing, and menus, their insurance has to protect their finances, patrons, and employees. And who has the time to read a 100-page insurance policy? These are often excluded from standard policies and be potentially costly.

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How To Cut Restaurant Operating Costs Without Compromising Quality

ChowNow

With the right strategy, you can reduce expenses and strengthen your business at the same time. In the restaurant business, operating costs are the day-to-day expenses required to keep your doors open and your kitchen firingeverything from rent to payroll to the packaging your to-go orders go out in.

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Safeguard Your Restaurant Against Cyber Attacks (Infographic)

Modern Restaurant Management

However, data breaches can happen to restaurant chains and small eateries alike. Nearly half of cyber-attacks target small businesses and 60 percent of small companies who experience a significant attack go out of business. “Please reply within five business days”). Consult local authorities.

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The Income Statement: The Single Greatest Key to Success

Modern Restaurant Management

It has been said that the restaurant business is a business of pennies. No matter how much experience you have, you can miss what may look like a small detail on the income statement, but it can be the difference between profit or loss. This will include marketing, equipment, utilities, rent and insurance.

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