SpotOn

FEBRUARY 26, 2025

Now, as a copywriter at SpotOn, he helps restaurant owners and managers learn how to run a more profitable operation. Direct operating expenses.   Handhelds are another way to reduce labor costs in full-service operations. This can also be referred to as operating costs. Prime costs. Contribution margins.

License

The Food Corridor

MARCH 3, 2025

These licensed commercial spaces give operators a place to store inventory, prep food, and clean their equipment—ensuring they meet health codes and run efficiently. Operating a food truck comes with unique challenges, particularly when it comes to food preparation, storage, and sanitation.

Food Truck

Paper Chase Accountancy

JULY 25, 2025

Beneath the surface of the hospitality industry includes seamless operations and financial complexity that far exceeds standard business accounting. Travel Services: Tour operators, travel agencies, and cruise lines. Accounting systems need to provide real-time data to support dynamic pricing and operational adjustments.

Hospitality

Lavu

JUNE 26, 2025

Whether you’re a seasoned operator or just getting started, understanding the numbers behind your business can mean the difference between breaking even and breaking records. In this guide, we’ll break down key accounting strategies and tools that help streamline operations and boost your bottom line in 2025.

2025

SpotOn

DECEMBER 30, 2024

Gross profit margin subtracts only the Cost of Goods Sold (COGS) to determine the profitability of your food and beverages, while net profit margin subtracts all your costs to determine the profitability of your entire operation. And sit-down operations tend to struggle the most because of more complex menus and service models.

Operations

SpotOn

OCTOBER 25, 2024

He worked at a pizza restaurant with a beer and wine license that seemed like the pinnacle of luxury at the time. “I realized the pros and cons of owning and operating a restaurant. Don, SpotOn Team Lead based in Atlanta, knows this firsthand. At 14, he got his first restaurant job bussing tables to make money.

Front of House

Modern Restaurant Management

NOVEMBER 10, 2022

Traditional sit-down restaurants and mobile food businesses have uniquely different needs when it comes to insurance. While there is some overlap in coverage needs, it’s important to understand the differences when it comes to insuring your business. Traditional Sit-Down Restaurant Insurance Needs. Property Insurance.

Insurance

Modern Restaurant Management

JANUARY 2, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. The artistry of chefs and the creativity of restaurateurs will continue to be at the forefront, while these tools become operational enhancers.

2024

Modern Restaurant Management

APRIL 27, 2020

Although delivery drivers are being asked to take additional precautions to protect themselves and others, restaurant operators may not be aware that they may be liable for bodily injury or property damage arising from motor vehicle accidents while delivery drivers are operating personal vehicles for business use.

Delivery

Modern Restaurant Management

DECEMBER 23, 2021

Ahead of New Year’s Eve celebrations, Society Insurance, which provides coverage to the hospitality industry, has put together the top four tips on how a restaurant can protect themselves, their patrons and their employees as well as create a safer environment on Dec. Implement comprehensive standard operating procedures and policies.

Insurance

7 Shifts

JUNE 23, 2020

Valid driver's license. Auto insurance. Get car insurance You must establish who is liable in the event of an accident. Drivers must have auto insurance in order to drive their vehicles, thus you must lay-out in the contract if you will be paying for any damages while on the job. Auto is in quality shape.

FOH

Modern Restaurant Management

JUNE 30, 2022

Across every business, it has become imperative to incorporate technology into operations. During the transition to online operating models, there are several challenges that companies could face. Here’s how food delivery software can help. Easier Order Management.

Delivery

7 Shifts

AUGUST 18, 2024

The upcoming section details these costs across two categories: restaurant startup costs and operating costs. Your restaurant is different so ensure you find your ideal food cost (discussed later) Labor cost : Roughly 30% of revenue including management salaries of 10% Insurance varies by provider and type.

License

7 Shifts

AUGUST 18, 2024

Setting up an LLC requires filing paperwork with your state government and drafting an operating agreement that outlines the LLC's rules and regulations. Expect to pay anywhere from $100 to $1,200 Liquor license : The cost of a liquor license also varies vary by state and type of license.

Bar

Modern Restaurant Management

MARCH 9, 2023

Society Insurance, which provides coverage to the hospitality industry, has put together four tips on how restaurants and bars can help create a safer environment on St. Failure to follow the appropriate laws and regulations for your business could result in fines, jail, license revocation and/or bad publicity.

Bar

Modern Restaurant Management

SEPTEMBER 6, 2022

Ahead of this year’s football season, the team at Society Insurance has put together the top four tips on how a restaurant and/or bar can protect themselves, their patrons and their employees as well as create a safer environment for football season and beyond. Security and floor staff see what is happening throughout the operation.

Bar

Modern Restaurant Management

SEPTEMBER 25, 2020

In four years of operation, he’s doubled his sales every year, and today pulls in more than $475,000 a year. In your first year of operation, your main goal is to build your reputation. Along with payroll, operating costs like rent and utilities are larger than the operating expenses of a food truck. Never Say No.

Food Truck

7 Shifts

JULY 12, 2024

Many operators struggle with low profit margins, and it’s easy to fall into this trap. 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.

Food Truck

7 Shifts

NOVEMBER 22, 2021

It also requires money to open a restaurant and build it out, buy equipment and finance the operation until it reaches break-even. Company Overview : Describe the type of restaurant you operate, how your company is organized,and any accomplishments your restaurant has achieved to date. social media marketing ) you will employ.

Document

7 Shifts

AUGUST 2, 2024

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. The reason is simple: you know the ins and outs of your business, and your restaurant accountant should, too.

Point of Sale

Modern Restaurant Management

AUGUST 5, 2020

We are offering restaurateurs the opportunity to operate a second brand within their existing brick and mortar location, increasing their bottom line by also becoming a virtual kitchen owner.” .” “Today begins the independent restaurant revolution,” Robbie Earl elaborates. Contest Details.

Food Safety

Modern Restaurant Management

JUNE 24, 2020

Travel Safe features are available in all 49 markets where Tripadvisor operates. Moralejo joins Dine from CHURCH’S/TEXAS CHICKEN (Cajun Operating Company), an international quick service restaurant company. Previously, Skelton served as Vice President, Infrastructure, Support, and Operations at CVS Health.

Guest Recovery

7 Shifts

JULY 1, 2024

However, note that bar profit margins vary due to various factors like tax rates, licensing laws, customer demographics, and the cost of living in your area. Register your business The requirements for registering your bar depend on which city and state your business operates in.

Bar

Modern Restaurant Management

MARCH 11, 2020

Smart Foodservice operates 70 small-format cash and carry stores across California, Washington, Oregon, Idaho, Nevada, Utah and Montana that serve small and mid-sized restaurants and other food business customers with a broad assortment of products. NYSE: APO) (the “Apollo Funds”) for $970 million in cash.

Bar

ChowNow

AUGUST 6, 2024

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.

Insurance

7 Shifts

SEPTEMBER 16, 2024

One of the main reasons is to cut losses due to financial challenges, with 52% of restaurant owners saying high operating and food costs are really cutting into their profits. Specialty equipment, like wood-fired pizza ovens or draft beer systems, can be expensive, especially when you’re already operating on the red.

2024

The Restaurant Times

OCTOBER 30, 2021

From inventory to alcohol, and live music to TV installation, for every little operation, you need to think about whether it is allowed by the government or not. Therefore, you need to familiarize yourself with the different restaurant licenses required to open a restaurant in the UK and how to obtain them. . Premises License.

License

7 Shifts

MAY 23, 2024

Prime Cost: This represents your restaurant's largest expenses Controllable Income: Measures how much profit you have left over after deducting controllable expenses like COGS, labor, and direct operating expenses from your sales Operating Expenses: Costs incurred in the daily operations of your restaurant What are the top 3 expenses of restaurants?

Point of Sale

Restaurant365

DECEMBER 17, 2019

Success in the restaurant industry is notoriously difficult, and one main factor is that restaurants, even from the beginning, underestimate the amount of capital it takes to run operations. One-time costs are one-time purchases, like a lease security deposit or loan down payment, signage, renovation costs, and business licenses and permits.

Point of Sale

Restaurant365

MARCH 18, 2020

Especially in uncertain times, an important factor in decisions about how to operate your restaurant is your break-even point. ” This is a financial calculation that can help you make critical staffing decisions as well as devise operational plans for your business. Common fixed costs include: Rent, insurance, and property tax.

Point of Sale

Cheetah

MAY 17, 2021

What Can Restaurant Operators Do with the Funds? Just how much financial support you may be eligible for depends on when you started operating your restaurant. The grants do not need to be repaid so long as you qualify and use them by March 2023. .

Point of Sale

The Restaurant Times

SEPTEMBER 19, 2021

Time has never been better to open your food truck, and the most critical business step is investing in insurance. However, if you don’t have the correct insurance, your food truck might cost you thousands of dollars or perhaps your business in jeopardy in time of a mishap. . Food Truck Insurance Cost . Kind of Insurance.

Food Truck

The Restaurant Times

JANUARY 23, 2022

Licenses And Permission . Every state has a separate set of guidelines and policies for licensing and permits for catering companies. Every state also has different requirements for liquor licenses. . Here’s a list of licenses and permits that are common across all states – . General business license .

Catering

Restaurant365

AUGUST 19, 2020

Successful restaurant owners and operators don’t just provide great food. Because of the complicated nature of human resources (HR) and the sprawling regulations surrounding payroll, HR and payroll can be a recurring headache for restaurant owners and operators. Bartender Licensing. Reporting is required. Conclusion.

Restaurant Law

Restaurant365

NOVEMBER 18, 2021

How you run and track your payroll accounting has a significant impact on restaurant operations. Combining labor cost data tracking into an integrated solution, whether for just two or even three of the systems, can have an enormous impact on streamlining your operations. Tracking labor and payroll data for restaurant employees.

Employee Relations

Cheetah

MAY 14, 2021

With restaurants set on reopening at 50% indoor capacity this month, operators could be looking at fees bouncing back to over 30% as soon as August. When it comes to the in-house vs third-party service dilemma, operators have a good reason for concern. 2020 is far behind us, but restaurants are still not out of the woods.

Delivery

Xtra Chef

APRIL 13, 2020

These fully licensed commercial kitchens allow you to produce meals in a safe, professional-standard food production facility, without having to shell out for a brick-and-mortar kitchen of your own. And you don’t have to worry about inspections and paperwork around commercial kitchen licensing and regulations. Licensing and Insurance.

Food Truck