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

Restaurant Business

Acqui-hire “To acquire a company in order to use its employees skills or knowledge, rather than for its products or services.” Starbucks’ deal with Empower Delivery fits the acqui-hire framework. The coffee giant is licensing the company’s order fulfillment tech while also bringing aboard Empower’s six engineers.

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

The Rail

This is where hiring professional restaurant equipment movers becomes crucial. 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.

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Seven Questions Restaurants Should be Asking About Insurance Coverage

Modern Restaurant Management

How Will my Coverage Apply to Off-Site Events? If you are a caterer, you’ll face traditional restaurant risks like equipment breakdown and damage to your property; however, you may have a greater interest in coverage such as hired and non-owned vehicle insurance. Food service businesses, such as caterers, face additional risks.

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Inside the World of Hospitality and Leisure Accounting

Paper Chase Accountancy

Complex Revenue Streams: Revenue can come from room nights, food and beverage sales, event bookings, spa services, merchandise sales, and more, each with different recognition rules and tax implications. Dynamic pricing, room night vs. F&B sales, event package recognition, cancellation fees.

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

SpotOn

This is all the income from your food and beverage sales, catering, branded merchandise, packaged goods, venue hire, etc. These include rent, utilities, licenses, equipment, repairs, credit card processing fees—anything that's not labor or COGS. You should be able to find this data in your POS reporting. Labor costs.

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Coffee News Recap, 18 Jul: Scooter’s Coffee reportedly considering US $1bn sale, China to remove all tariffs on African coffee-producing countries & other stories

Perfect Daily Grind

The Omaha-based roaster and retailer hired advisers to evaluate a potential sale or merger of its roughly 445 outlets across the Midwest, seeking capital for further expansion amid intensifying competition. Busan, South Korea) Fri, 18 Jul – Reborn Coffee signs US $1.7 mn master license with Arjomand Group.

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

Paper Chase Accountancy

Unique Financial Challenges in the Hospitality Sector The financial landscape of the hospitality industry is characterized by several key factors that demand specialized attention: Fluctuating Revenue: Revenue streams are highly susceptible to seasonality, economic shifts, and even local events. Opera, Cloudbeds)?