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Seven Questions Restaurants Should be Asking About Insurance Coverage

Modern Restaurant Management

Between their training and from other similar clients, they should have the confidence to answer your coverage questions. Ensuring your staff are properly trained, certified, licensed and able to be covered by the appropriate insurance is essential to keeping your customers safe and protecting your business from costly fines.

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The Top Five Startup Costs Restaurant Owners Need to Know

Modern Restaurant Management

Remember that it can also be expensive to hire and train new employees. 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.

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Opening a Restaurant: Steps to Take and Common Pitfalls to Avoid

Modern Restaurant Management

Get Your Licenses in Order Starting a restaurant business involves registering with the authorities and procuring the relevant licenses. Ignoring these licenses and regulations might attract hefty penalties and fines, so make sure you’re aware of the local, state, and federal regulations before opening up for business.

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Restaurant Failure Rate: Why Restaurants Fail And How To Make Yours Succeed

ChowNow

Start with a detailed business plan that lays out every cost, from food costs and equipment to licensing and operating expenses. They open without fully understanding their target market, pricing structure, or what makes their restaurants concept stand out in the local market. Create a buffer for unexpected expenses and slow times.

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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. Cross-train team members to handle multiple roles during slower shifts.

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The Ultimate Guide to Restaurant Costs

7 Shifts

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums. After all, training new hires is an investment of time, resources, and money.

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Owning a Bar: Everything You Need to Know

7 Shifts

Make sure to get quotes from multiple suppliers so you can compare prices and services. Pricing should match your target market and theme. A cocktail bar can have higher prices while a local neighborhood pub probably can't. To apply for a liquor license, consult the Alcohol Beverage Control (ABC) Agency) in your state.

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