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How to Buy a Restaurant: An Ultimate Guide

7 Shifts

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. Local commercial real estate brokers, online classifieds, and hospitality associations are also a great place to look.

License 444
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Restaurant REIT: Strategic Real Estate Solutions for the Hospitality Industry

Aaron Allen & Associates

In an era where capital efficiency and strategic growth have never been more crucial, Real Estate Investment Trusts (REITs) emerge as pivotal players in transforming the real estate landscape of the hospitality industry. This capital can then be used for expansion, remodeling, debt reduction, or improving operational efficiencies.

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How to Open a Coffee Shop: The Ultimate Guide

7 Shifts

Obtain Permits and Licenses. This research will dictate your hours of operation and pricing plans! So, make the most of this step– gathering this information will help you plan, operate, and run a successful coffee shop. Once you've validated your idea, you can dive into the nitty-gritty: Obtain Permits and Licenses.

License 459
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Opening a Restaurant: Steps to Take and Common Pitfalls to Avoid

Modern Restaurant Management

Draft a Business Plan Business plans are documents that contain all the necessary information surrounding your restaurant and how it will operate. The business plan will become your go-to document when you run into operational problems and will guide you through turbulent times.

License 163
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The Future of Food is Exciting - Food and Hospitality Trends of 2020

Future Food

Trends that will shape the future of your food and hospitality projects for 2020. However, food and service will always be at the heart of hospitality. Food, hospitality and the customer experience will continue to rely upon execution of excellence and the hot pursuit in the very definition of it.

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How to Buy a Restaurant: An Ultimate Guide

7 Shifts

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. Local commercial real estate brokers, online classifieds, and hospitality associations are also a great place to look.

License 195
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How Alcohol To-Go Could Save Your Restaurant

Focus POS

The hospitality industry has been put through the wringer lately. In the spring of 2020, when COVID-19 became a serious issue in the United States, the hospitality industry lost nearly $120 billion. If you have a license to sell alcohol, it may be easier to implement alcohol to-go. Enter: Alcohol to-go. Online Ordering.

License 162