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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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How in-house roasting can help cafés manage high coffee prices

Perfect Daily Grind

High coffee prices are becoming a lasting reality for the industry. While many assert that this signifies a long overdue change, as coffee has historically been an undervalued commodity, price volatility affects all levels of the supply chain in various ways. For coffee shops, in particular, margins are tighter than ever.

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The Top Five Startup Costs Restaurant Owners Need to Know

Modern Restaurant Management

The price tag can blindside you if you are not ready, so you need to think carefully about the equipment you need to open your door. 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.

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Five Top Payment Trends that Must Be on Your Radar

Modern Restaurant Management

Key advancements in smart mobility payments during 2025 will include integrating payment functionality directly into travel cards and mobile wallets, mobile in-app payments, and fully automated options like license plate recognition for tolls or parking.

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How to Buy a Restaurant: An Ultimate Guide

7 Shifts

Tack on obtaining permits and licenses, and you could be in for a pretty big check. According to recent data from the National Restaurant Association, restaurants overall sell for a median price of $150,000. The average price sits around half a million dollars, according to data from Restaurants for Sale. Table of Contents.

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

ChowNow

When you decided to open a restaurant, you probably didnt picture yourself glued to spreadsheets or tracking the price of eggs, but keeping an eye on the numbers is how you stay open year after year. This gives you a sense of how effective your menu pricing is.

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Boosting Profits One Sip at a Time: The Power of Specialty Beverages

Modern Restaurant Management

While three in four survey respondents believe restaurant prices are higher, other factors, such as flavor, outweigh price when ordering specialty beverages, particularly in the full-service segment. During a time of increased price sensitivity, beverages create an opportunity to increase the total check.

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