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Seven Questions Restaurants Should be Asking About Insurance Coverage

Modern Restaurant Management

While maybe less cute than National Pet Day (4/11) and less tasty than National Cheeseburger Day (9/18), National Insurance Day on June 28 encourages businesses to shop around for the BEST insurance partner to ensure financial success and safety for all involved.

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

ChowNow

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.) Restaurant type: Whether you run a fine dining, fast casual, or quick service concept plays a big role in potential margins.

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Inside the World of Hospitality and Leisure Accounting

Paper Chase Accountancy

Restaurants and Food Service: Including fine dining, fast casual, QSRs, cafes, and catering. Operating Expenses Utilities, marketing, supplies, rent, insurance. Seasonal variations, maintenance for high-use facilities, entertainment licensing. Fixed Assets Asset acquisition, depreciation, disposals.

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

SpotOn

But many owners don't account for the high fixed costs of bars —like repairs, insurance, and alcohol theft which can leave them with less profit than expected. These include rent, utilities, licenses, equipment, repairs, credit card processing fees—anything that's not labor or COGS. Overhead costs.

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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. Full-service restaurants Full-service restaurants offer a complete dining experience with table service.

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ChowNow’s Guide to Restaurant Expenses & Cost-Saving Tips

ChowNow

From ingredients to insurance, new restaurants need to know how to manage fixed and variable costs. Fixed costs generally stay the same each month and are not tied to sales, such as rent or insurance. Restaurant expenses can add up quickly if you’re not careful. Balancing your budget is the most essential recipe for success.

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How to Calculate Food Costs For Your Restaurant

7 Shifts

Here's a breakdown: Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums. Restaurants with cheaper ingredients, such as pizzerias, coffee shops, and bakeries, skew lower than fine dining restaurants that serve high quality seafood and premium meats, which can get as high as 40% food costs.