Paper Chase Accountancy

MAY 30, 2025

This fundamental discipline, when expertly managed, ensures the financial health of restaurants and hotels, enabling them to thrive even in challenging market conditions. This specialized area of accounting involves managing the financial transactions and obligations of hospitality businesses, such as NYC restaurants and hotels.

Hotels

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. As a global leader in hospitality industry accounting and advisory services, Paperchase empowers businesses across diverse markets to navigate their financial complexities with precision and foresight.

Hospitality

Modern Restaurant Management

OCTOBER 19, 2021

As restaurants hire new employees, they are finding it more difficult to come across experienced workers who can also train other team members. Here I will walk through actionable tips to help you train employees and understand the basics of liquor licensing as your restaurant bounces back: Renewing Your Liquor License.

License

Restaurant Business

JUNE 23, 2025

As July brings another round of phased-in minimum wage increases in various states around the country, the debate over the tip credit also remains in play in some markets. Since then, restaurant jobs have increased, the group said, 856 new restaurants have opened in Chicago and business license cancellations have been cut in half.

Leadership

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

MARCH 16, 2023

The restaurant industry is an increasingly competitive market. And more restaurant owners are searching for ways to encourage repeat customers and successfully grow their businesses. Music can help restaurants strengthen relationships with their customers and build loyalty.

License

Modern Restaurant Management

FEBRUARY 18, 2021

The COVID-19 pandemic has reshaped the way restaurants do business. The second lockdown, together with the first (occurring in areas throughout the country in the second quarter of 2020), has helped accelerate a new restaurant business model—the ghost kitchen. Are you wondering what laws apply to this business model?

License

7 Shifts

JULY 16, 2021

In this guide, we'll go through everything you need to open a new coffee shop, from market research to buying coffee to hiring the best team. Research the Market. Obtain Permits and Licenses. Market and Promote the Opening. Research the Market. Or , does your target market spend most of its time working from home?

License

Modern Restaurant Management

OCTOBER 4, 2024

Nearly half of restaurants fail in their fifth year of business. That’s part of the price of doing business – especially when you own multiple restaurants. Location is a big reason many restaurants fail. If you do buy an existing restaurant, give it no more than two years, tops, to see positive change.

Restaurant Law

7 Shifts

NOVEMBER 26, 2019

Nearly 200,000 quick-serve restaurant establishments in the United States are not owned by the company whose name is on the building. At a glance, opening and operating a restaurant franchise seems like a near-perfect business decision. One silver lining is that these consistent franchise fees should be thought of as benefits.

Franchise

Modern Restaurant Management

NOVEMBER 10, 2022

Traditional sit-down restaurants and mobile food businesses have uniquely different needs when it comes to insurance. Running a restaurant can be validating, exciting, and thrilling all at once. Restaurant insurance can provide your business with a safety net when it comes to claims and risk. Dram shop law. Fire Coverage.

Insurance

Modern Restaurant Management

JANUARY 2, 2020

Nair, a partner at Ervin Cohen & Jessup LLP compiles recent legal news affecting the restaurant, food and beverage and hospitality industries for Modern Restaurant Management (MRM) magazine. Currently, approximately 1,000 restaurants across New York City have foie gras on their menus. Legislation. Litigation.

2019

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. Zoning and health regulations: Get acquainted with your location's zoning laws to know what to do, what permits to get, and what laws to follow.

Bar

7 Shifts

MAY 1, 2020

It’s no surprise that restaurants have been hit hard during the COVID-19 health crisis. However, pivoting your business model to takeout and delivery is not always the best—or only—option your restaurant has to boost sales during this time. Available from our sister restaurant @unasaskatoon for pickup or delivery.

FOH

7 Shifts

AUGUST 2, 2024

Restaurant accounting isn’t easy. Learning basic accounting is like studying a different language, regardless of how many decades you have in the restaurant industry. Learning basic accounting is like studying a different language, regardless of how many decades you have in the restaurant industry. Sounds complicated?

Point of Sale

Modern Restaurant Management

MARCH 11, 2020

This edition of MRM News Bites features a double dose from US Foods, SpotOn Transact, DoorDash Kitchens, Virtual Restaurant Consulting, Tripleseat and Gather, wagamama, Toast, The Gluten Intolerance Group, Instawork and StaffMate Online, Procurant and Yellofin, Sift, 7shifts, ParTech, Revel Systems and Como, Kabbage, Bluecrew and Cuboh.

Bar

Restaurant Clicks

FEBRUARY 12, 2020

Opening a restaurant isn’t just about creating menus and investing capital. 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. . Business License.

License

Modern Restaurant Management

JULY 29, 2024

Alternatively, there's been an uptick in the cannabis-infused beverages market – with the $2.04 billion market in 2023 projected to grow to $3.09 What do restaurants need to understand and meet the needs of these potential guests? BB: Many of these laws remain in effect around the country. billion globally.

Beverage

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. Understand Your State’s Dram Laws Laws regarding the sale and consumption of alcohol are not established by the federal government.

Bar

Modern Restaurant Management

SEPTEMBER 3, 2020

As much as complete closures and stay-at-home orders have harmed the restaurant industry, reopening has come with fits and starts, presenting a new litany of obstacles for dining establishments to overcome. For restaurants whose footprints did not previously include outdoor areas, this mandate created an opportunity to evolve.

Fine Dining

Modern Restaurant Management

SEPTEMBER 15, 2020

The Distilled Spirits Council of the United States (DISCUS) announced the formation of the Hospitality Recovery Coalition with the goal of supporting on-premise partners, including restaurants, bars and distilleries, facing harsh economic impacts due to the COVID-19 crisis. Each member of the coalition is committed to responsibility.

Fast Casual

Modern Restaurant Management

JUNE 24, 2020

In this edition of MRM News Bites, we feature help for small business owners and products for the 'new normal' for restaurants as they reopen. ” Traditionally, to enable delivery most sellers list their menu on food delivery platforms because the restaurant doesn’t have their own couriers. . In the U.S.,

Guest Recovery

7 Shifts

SEPTEMBER 16, 2024

Selling a restaurant can be a major decision for many reasons. 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. If restaurants in your area sell at a multiple of 2.5

2024

Modern Restaurant Management

DECEMBER 3, 2020

Modern Restaurant Management (MRM) magazine's Franchise Feed offers a glimpse at what's new in the restaurant franchise and MUFSO environment. ” The company already signed nine franchise licenses with three new franchisees. PJ's Hopes to Open 187 Locations Throughout Florida in Next 10 Years. Jessica Wescott.

Franchising

EATER

SEPTEMBER 21, 2020

Devita Davison, executive director of FoodLab Detroit, has long advocated for an equitable and sustainable restaurant industry. For many people in the restaurant world observing the social and economic climate of the last few months, this moment feels pivotal. Devita Davison: We can’t have a conversation about restaurants in a bubble.

Food

The Rail

FEBRUARY 29, 2024

By Jerry Chase, Contributor Moving your restaurant to a new location is a significant undertaking that requires careful planning and execution. Whether expanding your business or seeking a better market position, relocating presents opportunities and challenges. Let's dive in and make your move a seamless and rewarding experience!

Restaurant Law

ChowNow

MARCH 19, 2020

The past few weeks have been disastrous for the restaurant industry. With COVID-19 prompting a mass shutdown of public life, independent restaurants across the US have seen a rapid decrease in sales. Some restaurants are even offering discounts on their gift cards to further stimulate cash flow. . Add gift cards to your menu.

Online Ordering

Restaurant365

DECEMBER 17, 2019

Restaurants are unique businesses that come with their own specific set of startup costs. Your average restaurant labor cost and restaurant food cost will vary based on your type of concept, location, size, and other details. Before rushing to open your doors, you need to understand your restaurant costs.

Point of Sale

Next Restaurants

JUNE 30, 2021

When opening a bar or restaurant, one of the first questions folks ask is “Where do get money for the business?” First of all, you need to determine the format and concept of your new restaurant, draw up a business plan, and budget startup costs and continuing costs. Choosing a Location for Your New Restaurant.

Bar

Restaurant Clicks

SEPTEMBER 18, 2020

By managing to successfully run a food truck, you cut a lot of maintenance, utility, and wage expenses that come with owning a restaurant. Food trucks have become mini-restaurants with quality food and great service. It’s a simplistic way to go about fulfilling your restaurant dream, with less long-term stress. Business License.

Food Truck

Harbor Touch

NOVEMBER 21, 2022

There are many things to consider when opening a bar, from the type of establishment you want to open to the licensing and zoning requirements in your area. Additionally, each state, county, and city has different laws and regulations regarding alcohol sales. Of course, planning your business venture is a huge and complex task.

Bar

Harbor Touch

NOVEMBER 21, 2022

There are many things to consider when opening a bar, from the type of establishment you want to open to the licensing and zoning requirements in your area. Additionally, each state, county, and city has different laws and regulations regarding alcohol sales. Of course, planning your business venture is a huge and complex task.

Bar

Harbor Touch

NOVEMBER 21, 2022

There are many things to consider when opening a bar, from the type of establishment you want to open to the licensing and zoning requirements in your area. Additionally, each state, county, and city has different laws and regulations regarding alcohol sales. Obtain alcohol licenses and permits. Create a solid marketing plan.

Bar

Perfect Daily Grind

MARCH 3, 2023

In partnership with Tim Hortons’ parent company Restaurant Brands International, Marubeni Growth Capital Asia will open the first locations later this year. All applicants must pay a AUD $150 fee, which if successful will be credited towards a license fee. Sucden says women own or operate 60% of its farms. in Los Angeles, California.

2023

The Rail

APRIL 4, 2024

This is especially true of restaurants, bars and pubs in the busy cities like San Francisco. Understanding the Landscape of Local Regulations The first step in this relocation adventure is getting to grips with intricate zoning and licensing laws.

Bar

EATER

MARCH 30, 2022

Outside the Big Saver Foods market in the small Los Angeles neighborhood of El Sereno, a cluster of sidewalk vendors wait in the parking lot for hungry customers to finish their shopping and stop by for a pupusa or an agua fresca. Still, Trujillo hasn’t tried to get a permit, because of the warnings he’s heard from other vendors.

Food Safety

Restaurant Clicks

FEBRUARY 21, 2020

Being a restaurant owner is hard work, but it’s rewarding. Restaurant startup costs can be seriously expensive, which is an obstacle to many would-be restaurant owners. The most difficult parts of being a restaurant owner are the beginning phases of opening your restaurant. Restaurant Startup Costs.

License