Remove Fast Casual Remove Front of House Remove Insurance
article thumbnail

Despite Improved 2024 Outlook, Labor, and Other Risks May Drag Restaurants Down

Modern Restaurant Management

Another growing risk: nuclear verdicts over dram shop law violations, driving up the costs of liquor liability insurance. Another growing risk: nuclear verdicts over dram shop law violations, driving up the costs of liquor liability insurance. But the leading drag on the industry are its labor woes. Here’s an overview.

2024 117
article thumbnail

Restaurant Accounting: A Comprehensive Guide

7 Shifts

When hiring restaurant accountants, your primary consideration should be those who understand the complexity of the food and beverage industry—both front-of-the-house and back-of-the-house operations and management. It involves tracking massive amounts of real data and industry benchmarks. Sounds complicated?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

A Comprehensive Guide To Restaurant Profit Margins For All Restaurant Types

7 Shifts

Fixed costs Fixed costs are expenses that remain constant, including rent, insurance, and utilities. If transferring isn’t an option, you can try to reduce other fixed costs like insurance premiums. By finding the right balance, you can avoid these pitfalls and ensure your business stays profitable.

article thumbnail

NCR Reveals 2022 Hospitality Trends and Predictions

Modern Restaurant Management

According to Black Box Intelligence and Snagajob , full-service restaurants are feeling the pinch and report approximately six fewer employees in the back of house and three fewer in the front of house. They will also turn to data for more accurate forecasting to improve restaurant operations over time.

2022 189
article thumbnail

Restaurant Payroll 101: Everything You Need to Know

Restaurant365

However, manual in-house payroll is extremely time consuming, and you may make costly errors when navigating the complex world of payroll. In the restaurant industry, most positions are paid on an hourly basis, except for front of house and kitchen management. Who qualifies as a tipped employee?

article thumbnail

How Katie Button redesigned their wage model to adapt post-pandemic

7 Shifts

And I started as a server, so I started off working in the front of the house and learning, and they were the only ones who would give a PhD dropout with no previous experience a job. And we opened a Spanish tapas restaurant because my husband Felix is from Spain, and he's our front of house service guy and also idea man.

article thumbnail

How to choose a business structure for a new restaurant

OpenTable

For example, an attorney who has 50 restaurant clients that are all fast-food chains can rightly claim that they have a lot of restaurant experience, but if you’re planning to open something closer to The French Laundry, this is not a good fit. The amount of flexibility you have if you sell or transfer the business. Partnerships.