Paper Chase Accountancy

MAY 30, 2025

Whether through restaurant bookkeeping NYC or hotel bookkeeping, precise recordkeeping helps reduce waste, improve cash flow, and streamline compliance with New York bookkeeping standards. Just as the backbone holds up the body, so does financial accounting underpin the success of hospitality businesses.

Hotels

Modern Restaurant Management

SEPTEMBER 27, 2023

Keeping track of food and beverage inventory is imperative to preventing product waste and theft. Restaurants must also adhere to a variety of local, state, and federal regulations, including licensing, building codes, and health and safety laws. Staffing itself is an entirely separate, recurring issue within the restaurant industry.

Cash Management

7 Shifts

AUGUST 18, 2024

An alternative is to buy an existing bar that is up for sale. Opening and owning a bar is one of those unique life experiences; you have no idea what it will be like until you actually go for it. And while it can be enjoyable, rewarding, and, yes—even profitable, it also requires long hours and hard work. How Do I Run a Profitable Bar?

Bar

Modern Restaurant Management

AUGUST 5, 2020

and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform.

Food Safety

Focus POS

JUNE 17, 2019

Restaurant Point of Sale Software. What is restaurant point of sale (POS) software? Restaurant point of sale software empowers businesses to control labor costs, manage inventory, and have deeper visibility into business operations. Benefits of Restaurant Point of Sale Software. Flexibility.

Point of Sale

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. To illustrate that point, consider this scenario. At this point, you can pay a hefty rush fee, or lose potential sales by removing the special from the menu.

Audits

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

7 Shifts

AUGUST 2, 2024

This includes tolls with payroll management features, sales and expense tracking, budget forecasting, and report generation, to name a few. It involves tracking massive amounts of real data and industry benchmarks. It even has its own language, KPIs, EBITDAs, and CoGs. Sounds complicated?

Point of Sale

7 Shifts

AUGUST 7, 2024

But there's more to it than adding up your inventory bill and comparing it to your sales. And while it can vary by restaurant, your prime costs should hover somewhere around 60 to 65 percent of the total volume of sales. Of all the costs your restaurants generate, your food is one of the largest. Table of Contents What is it?

Food

Modern Restaurant Management

OCTOBER 22, 2020

“The concepts are designed with our consumer in mind and position our stores to grow sales within and outside the four walls, while reducing buildout costs for franchisees.” ” Many of the concepts are designed to grow off-premise sales, including ghost kitchen formats and smaller takeout footprints as low as 1,000 sq.

Franchise

Modern Restaurant Management

SEPTEMBER 15, 2020

TIPs offers training for individuals on the responsible sale, service and consumption of alcohol. This edition of MRM News Bites features tech takeovers and teamings, product introductions, the latest Fall Scoop and how much would you pay for a cup of ice? Hospitality Recovery Coalition. Unfortunately, many already have. NAB Acquires SALIDO.

Fast Casual

7 Shifts

MAY 23, 2024

This includes: Net Sales: The total revenue derived from your sale of food and beverages. Restaurant expense #1: food cost Your restaurant's food cost comprises 3 elements: the food cost percentage, the cost of ingredients, and the sales or revenue from selling your dishes. Managing a restaurant is not for the faint-hearted.

Point of Sale

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

Restaurant365

DECEMBER 17, 2019

Instead, gradual sales growth will help your business gain traction and develop a solid foundation. One-time costs are one-time purchases, like a lease security deposit or loan down payment, signage, renovation costs, and business licenses and permits. Costs of Opening and Running a Restaurant. Restaurant Startup Costs Breakdown.

Point of Sale

Restaurant365

NOVEMBER 18, 2021

You receive time in your Point of Sale (POS) system. From hiring and onboarding to running employee payments and paying taxes, payroll touches on many different parts of a restaurant business. This two-part blog series presents an overall guide to the essentials of payroll accounting for restaurant groups.

Employee Relations

The Restaurant Group

AUGUST 7, 2024

Start With a Concept A restaurant concept is the starting point for building a distinctive and memorable brand. That’s why TRG offers a comprehensive restaurant business plan , complete with 1- and 5-year sales and profit projections to help you succeed. Furthermore, restaurateurs must think about food storage to minimize food waste.

License

Restaurant Clicks

FEBRUARY 21, 2020

Paperwork & Licensing. This means simply that the cost of your food’s raw materials should be about one third of the sale price. Taking that into consideration, your food expenses should take up about 28%-35% of money brought in from sales. Let’s look at the most common costs restaurant owners must face.

License

Open for Business

FEBRUARY 29, 2024

How to Deal with Legal Regulations Affecting Your New Restaurant There’s no universal checklist for all of the necessary licenses, permits, inspections, postings, and signage for your new restaurant. Information in this article is presented “as-is” and may not constitute the most up-to-date information.

License

Open for Business

OCTOBER 20, 2023

From budgeting and licensing to crafting the perfect menu, here’s everything you need to know about how to open a restaurant. With this guide, we walk you through the key steps to turn your restaurant dream into a successful reality. Are you targeting families, young professionals, or a little bit of everything?

License

BNG Point of Sale

SEPTEMBER 2, 2021

This blog post will go over the typical restaurant overhead costs and expenses, including rent, utilities, labor wages for employees, licenses and permits, food cost percentages, and more. Alcohol licenses . Business licenses . Typical Restaurant Overhead Costs and Expenses . What Are Overhead Costs And Expenses?

Employee Relations

BNG Point of Sale

JULY 30, 2021

There is not much point in the parking next to another truck selling the same product as you. . The unique selling point of your food is that it is phenomenally delicious. . Guide on the Food Truck Business and How to Increase Profits . You intend to start a food truck business, correct? The food truck industry was valued at $856.7

Food Truck

Sling

JULY 24, 2023

Some of these apps are designed to solve specific problems, like shift scheduling or point of sale , while others boast all-in-one suites for every aspect of restaurant management. You can view data on labor costs versus sales over time to make intelligent decisions on how many staff you’ll need clocked in at different times.

2023

BNG Point of Sale

SEPTEMBER 7, 2021

Sales per square foot are one option. To calculate sales per square foot, divide annual sales by total interior square footage including kitchen, dining, and storage space to get a net rentable foot in the leased location. . Licenses, permits, and insurance are also needed. . Bar Revenue per Square Foot .

Bar

BNG Point of Sale

OCTOBER 13, 2021

To be successful, a convenience store business owner must closely monitor operational errors, waste of business hours, and business losses. To be successful, a convenience store business owner must closely monitor operational errors, waste of business hours, and business losses. Convenience Store POS System Costs. Keyboard and mouse.

POS

The Restaurant Times

MARCH 6, 2023

As opposed to profit, which is demonstrated as a dollar amount, your restaurant’s profit margins are its profits represented as a percentage of annual sales. As opposed to profit, which is demonstrated as a dollar amount, your restaurant’s profit margins are its profits represented as a percentage of annual sales. Read along!

Food Truck

The Restaurant Times

JULY 25, 2021

Besides, sales and marketing plans, organizational plans, operational plans, and production plans are included in the restaurant business plan as well. Get The Requisite Licenses . While opening a restaurant in the UK, you need to decipher which of your offerings require a license. Create A Restaurant Business Plan.

License

Lavu

JANUARY 21, 2020

You may also waste a lot of time and effort trying to figure out how the system works. . Choosing a restaurant accounting system sounds easier on paper than the actual process of knowing what to consider before making the choice. Therefore, your choice should be made very carefully.

POS

Open for Business

DECEMBER 12, 2023

Then, when you get to the point when you’re ready to retain an attorney, you already have someone that’s familiar with you and your concept,” Roberta Economidis, Founding Partner at GE Law Group. All liability with respect to actions taken or not taken based on the contents of this article is hereby expressly disclaimed.

Back of House

Apicbase

MARCH 28, 2024

That means you are collaborating with multiple stakeholders who each have their own data points to focus on. All come with their own data sets and metrics – food cost, inventory variance, sales numbers, the list goes on. Here are the key considerations to look out for when making your decision.

Management

Apicbase

FEBRUARY 6, 2023

To counter the challenge, dark kitchens are increasingly pivoting towards a hybrid model with sales channels that go beyond delivery and pick-up. Successful ghost kitchens lean heavily on integrated technology systems to accept online orders, process payments, and manage back-end operations. We wouldn’t either.

Delivery

The Restaurant Times

JANUARY 31, 2022

Investing in skilled restaurant consulting during the start-up phase of your restaurant or food & beverage enterprise will help you reach the break-even point faster. When putting together a plan for a new restaurant or turning around an existing one, professional guidance can help you avoid costly mistakes. Experience .

Cash Management

Apicbase

JANUARY 28, 2025

When the Autumn Budget landed, food and drink leaders warned ministers that the tax increase would cost the British Hospitality industry 3 billion and force businesses to reduce investments, cut jobs, and raise customer prices. This sharp rise in expenses puts significant pressure on profit margins for restaurants and pubs.

2024

The Restaurant Times

OCTOBER 24, 2021

They are centralized, licensed commercial food production facilities where restaurants can rent space to create delivery-optimized menu items. Nobody could have predicted that the pandemic, which culminated in total lockdown in March 2020, would have such severe financial consequences. billion by 2023. . Introduction To Cloud Kitchens .

Kitchen Safety

The Food Corridor

MARCH 27, 2023

This article is a good starting point to learn the cloud kitchen basics. Finally, we’ll explore the industry trends surrounding shared kitchens and what the future looks like for this new era of food delivery, before pointing out further resources for those looking to set up their own cloud kitchen business. billion by 2027.

Kitchen Safety

Apicbase

APRIL 20, 2022

Instead, we embrace the dark side and look at the pain points and pitfalls. You should be able to give potential franchisees a complete overview of their estimated expenditure, from the initial start-up investment to infrastructure, licenses, and royalty fees. In this post, we are NOT exploring the benefits of a restaurant franchise.

Franchise

OpenTable

JULY 8, 2022

Then, when you get to the point when you’re ready to retain an attorney, you already have someone that’s familiar with you and your concept.”. Getting an attorney involved is the best way to help sort through the pros and cons of each structure, as there is no one way that works best. How investors get paid back. Common business structures.

Back of House