Lavu

JUNE 13, 2025

Opening an in-house dining space isn’t just a perk—it’s a strategic move for businesses looking to boost employee satisfaction and streamline operations. It offers features like inventory management, employee management, and reporting, which can be beneficial for corporate cafeterias.

2025

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

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

SpotOn

OCTOBER 14, 2024

It's essential for smooth operations, accurate reporting, and a great guest experience. This can impact your online ordering operation or invoicing for catering or private events. Legacy systems operate on a closed internal network at the restaurant, whereas cloud-based POS uses a WiFi connection.

POS

Lavu

APRIL 25, 2025

Instead, the system offers customers a cash discount, helping you protect your profit margins and reduce operating costswithout compromising on service. They help streamline operations, improve customer experiences, and boost revenue. Integration with online ordering, loyalty programs, and inventory tracking. billion by 2028.

POS

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

Paper Chase Accountancy

MAY 21, 2025

Hotels, restaurants, and sprawling F&B groups operate within a unique financial landscape, demanding far more than generic bookkeeping. They require specialized support that understands the intricacies of fluctuating revenues, high labor costs, and complex inventory management. Learn more about our Accounting Services !

Hospitality

Paper Chase Accountancy

MAY 30, 2025

What strategies and practices can they adopt to optimize their financial operations? Key Takeaways: Restaurants and hotels rely on tailored financial systems—like hospitality financial accounting—to optimize operations, boost profitability, and make data-driven decisions.

Hotels

Lavu

JUNE 13, 2025

Remember that these rules are not always taught when getting your bartender license in bartending school. How to Train Exceptional Bartenders and Streamline Bar Operations Effectively To avoid this catastrophe, train your bar staff to: Prepare their bar area, mise en place (everything in its place).

Training

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

SpotOn

JULY 15, 2025

  “Do you have your alcohol serving permit or bartender's license?” Knowing how to efficiently operate the bar POS , like starting tabs , using speed screens, handling split payments, and correcting mistakes without slowing down, makes you significantly more valuable to the team.

Front of House

Modern Restaurant Management

NOVEMBER 16, 2021

Enter the cloud, which helps restaurant operators deliver services and make informed business decisions based on up-to-date data, right here, right now. This allows restaurant operators to know, for instance, what’s selling faster than hot cakes or which dishes are performing poorly.

Customer Experience

Modern Restaurant Management

SEPTEMBER 27, 2023

For restaurant owners, there are a number of issues in their workplace keeping them up at night and hindering them from successfully managing and operating their restaurant efficiently. Money and Inventory Management The profitability of a restaurant depends on the careful management of cash flow.

Cash Management

Modern Restaurant Management

SEPTEMBER 22, 2021

Food and Beverage Inventory and Paper Supplies. Licensing and Permits. Before you can open your restaurant, you need to have the right licensing and permit. You cannot get any licenses or permits without your EIN. Then, you need to get your business license, which you get from the local city or county.

License

7 Shifts

AUGUST 18, 2024

The upcoming section details these costs across two categories: restaurant startup costs and operating costs. Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums. When reading this section keep the following in mind: Certain costs may not apply to you.

License

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

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

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. “Time, not food, is the ultimate perishable inventory,” Sheryl E.

Point of Sale

7 Shifts

JULY 16, 2021

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

Modern Restaurant Management

MAY 2, 2023

Inventory Management If you don’t have a proper inventory management system in place, you could be wasting a lot of time and money. Proper inventory management is key. Is your business license and/or other permits up-to-date, or does anything need to be renewed? Are your employees washing their hands?

Audits

7 Shifts

FEBRUARY 15, 2024

The demands of the modern bar are significant: inventory issues, demanding customers, volatile prices, and — perhaps the biggest of all — staffing, scheduling, and other labor concerns. Bar management software is a tech-forward way to handle many of the elements necessary to operate a bar successfully.

Inventory

7 Shifts

FEBRUARY 15, 2024

The demands of the modern bar are significant: inventory issues, demanding customers, volatile prices, and — perhaps the biggest of all — staffing, scheduling, and other labor concerns. Bar management software is a tech-forward way to handle many of the elements necessary to operate a bar successfully.

Inventory

Modern Restaurant Management

APRIL 22, 2020

Benchmark Wine Group , which normally has an 80-percent business-to-consumer market, flipped its business model to offer considerable discounts on its rare and well-aged wines to restaurants still in operation. It also may serve as a way to distinguish their operation from others. Now we are expanding our focus.

Retail

7 Shifts

JULY 12, 2024

Many operators struggle with low profit margins, and it’s easy to fall into this trap. Your inventory is one aspect to keep track of to avoid overordering. “If you aren’t taking accurate and consistent inventory at your restaurant, you’re missing out on a 20+% increase in profits,” our own D.J.

Food Truck

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. Gorlie’s initial investment on the Vet Chef’s opening day was $41,200, and that includes the food inventory for their first service. In your first year of operation, your main goal is to build your reputation.

Food Truck

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

7 Shifts

MAY 1, 2020

If you have many groceries, inventory, or portioned goods, consider offering meal kits to diners to cook at home. If you’re a licensed restaurant with a wide selection of wine, beer, and spirits, then you’re in luck— alcohol sales are booming since COVID-19 , which gives you an opportunity to boost your revenue through alcohol delivery.

FOH

7 Shifts

DECEMBER 11, 2019

Changes can trickle down from a corporate level to individual restaurant owners without clear communication to or feedback from those owners, restricting franchisees’ abilities to voice concerns and providing limited time to make necessary adjustments to the menu, sales forecasts, and operations. The result?

Franchise

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

Restaurant Clicks

FEBRUARY 12, 2020

There are various licenses and permits needed to open a new restaurant legally. Before you can open a new restaurant, you’ll need to apply for and receive an assortment of state licenses and local permits. . Restaurant licensing differs state by state , so the process for getting restaurant licenses isn’t always the same.

License

Modern Restaurant Management

JULY 15, 2024

But, having worked with hundreds of restaurant owners and franchisees over the past four decades, I’ve found that the most successful concepts have a robust development pipeline, even in the face of inflation, lack of real estate inventory, rising food and labor costs, and other market challenges. Their secret?

Front of House

ChowNow

JULY 10, 2024

Additional details: Share information on your operating hours, and the capacity of your restaurant, sharing information about how many tables you’ll have and how many people you’ll be able to seat. This might include lease agreements or licenses. Startup costs : Opening your own restaurant comes with a lot of costs.

Point of Sale

ChowNow

AUGUST 6, 2024

Restaurant Operating Costs Here’s a quick breakdown of common expenses restaurant owners should know, as well as a few that might surprise you. Over the year, they purchased $400,000 worth of food and ended the year with $80,000 worth of inventory. Track inventory. Here are a few tips to get you started: Track expenses.

Insurance

ChowNow

AUGUST 26, 2024

Operational efficiency. Startup Budget This covers initial costs such as equipment, licenses, renovations and initial inventory. Operating Budget Your day-to-day expenses, including rent, utilities, wages and food costs. Additionally, consider using an inventory tracking system to reduce spoilage or lost inventory.

Cash Management

Restaurant365

NOVEMBER 5, 2021

A commissary kitchen is a dedicated kitchen space where a foodservice operator can process, prepare, and store food. While these types of kitchens have always been a feature of the restaurant industry, new trends in food service have led more owners and operators to consider adding them to their business model.

Kitchen Safety

Modern Restaurant Management

DECEMBER 3, 2020

” The company already signed nine franchise licenses with three new franchisees. This year alone, PJ’s Coffee has signed on 31 new franchisees, representing a total of 52 units – including the nine Florida licenses. Our goal is to bring the coffee to them, so they can make every weekend feel like a vacation.”

Franchise

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. It helps buyers understand what the restaurant owns (like equipment and inventory) and what it owes (like loans or outstanding bills).

2024