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How a Creative Cocktail Program with a Beer and Wine License Can Help Your New Restaurant Succeed

Modern Restaurant Management

However, one way to boost your restaurant's chances of success is by using a beer and wine license to offer creative cocktails—without the high cost and red tape of a full liquor license. The Hidden Costs of a Full Liquor License and a Cost-Effective Solution Across the U.S.,

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Bridging the Gap: Integrating Legal and Insurance Considerations into Restaurant Cybersecurity Response

Modern Restaurant Management

Golden Corral's August 2023 network breach affected 183,000 current and former employees, with hackers accessing everything from Social Security numbers to health insurance details. Yet many restaurant operators remain underprepared when it comes to integrating legal and insurance considerations into their cybersecurity response plans.

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

ChowNow

That includes the ingredients and packaging for your menu items, but not things like rent and payroll. This gives you a sense of how effective your menu pricing is. It factors in all your operating expenses, like labor, rent, insurance, equipment repairs, marketing, and more. added up to $60,000.

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How to Read a Restaurant P&L (Profit and Loss) Statement + Free Template

SpotOn

Gross profit margin Gross profit margin measures how much money you have left over after COGS and is used to measure the profitability of your menu. You can go even deeper with menu engineering , which is the process of evaluating each menu item's sales (popularity) and gross profit margin (profitability). Smallwares.

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Inside the World of Hospitality and Leisure Accounting

Paper Chase Accountancy

For restaurants, it might mean analyzing peak hour sales per cover or average check size to inform menu pricing. Recipe costing: To understand the true cost of each menu item. Operating Expenses Utilities, marketing, supplies, rent, insurance. Seasonal variations, maintenance for high-use facilities, entertainment licensing.

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Restaurant Accounting Tips Made Simple: Expert Ways to Boost Profits in 2025

Lavu

Let’s start with some basic terms: Cost of Goods Sold (COGS): This is the cost of all the items and ingredients on your menu (Beginning Inventory + Purchased Inventory – Ending Inventory). Occupancy Expenses: This refers to fixed costs like rent, property taxes, utilities, and property insurance.

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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.