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Serving alcohol is a fundamental part of many restaurant operations, but it also presents significant liability risks. From over-serving intoxicated guests to improperly checking IDs, restaurants can face serious legal, financial and reputational consequences for failing to effectively manage their liquor liability risks.
Brand extension is a way for restaurants to stay relevant, innovative and engage with consumers where they are. She is an expert in creating brand narratives and helping legacy and emerging brands expand through strategic licensing partnerships. What current retail trends are influencing licensing strategies in the F&B industry?
Music done well in restaurants makes all the difference in how long guests will stay, whether they have a good experience and most importantly, how much money they will spend. Many owners of restaurants don’t understand that music done well means more sales. Music and dining are all about expectations. Volume is another issue.
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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, restaurants, and sprawling F&B groups operate within a unique financial landscape, demanding far more than generic bookkeeping. Uncover the myriad benefits of combining robust advisory and accounting support for both restaurants and hotels. Learn more about our Accounting Services !
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Obtain Permits and Licenses. Do they serve just coffee or small foods as well? See why 500,000+ restaurant pros choose 7shifts for scheduling and team management. These elements include the following: Number of guests you expect to serve in a day. Recommended Reading: 15 Restaurant Metrics to Know and How To Use Them.
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.
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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 LawsLaws regarding the sale and consumption of alcohol are not established by the federal government. Don’t negotiate.
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.
However, note that bar profit margins vary due to various factors like tax rates, licensinglaws, customer demographics, and the cost of living in your area. A well-prepared location analysis includes studying the following: Target demographics: To be the go-to bar in your neighborhood, you must know the customers you're serving well.
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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.
Successful restaurant owners and operators don’t just provide great food. The people piece of the puzzle can be challenging for restaurants. Because of the complicated nature of human resources (HR) and the sprawling regulations surrounding payroll, HR and payroll can be a recurring headache for restaurant owners and operators.
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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.
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.
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. Choose the right location.
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In partnership with Tim Hortons’ parent company Restaurant Brands International, Marubeni Growth Capital Asia will open the first locations later this year. Steeped Coffee partners with black-owned BLK & Bold single-serve bags. All applicants must pay a AUD $150 fee, which if successful will be credited towards a license fee.
What type of food will you serve? Will you serve everyone or consider going deep in a niche market like vegan cuisine or gluten-free? . Licenses And Permission . Every state has a separate set of guidelines and policies for licensing and permits for catering companies. General business license . Serving equipment
Successful restaurant owners and operators don’t just provide great food. The people piece of the puzzle can be challenging for restaurants. Because of the complicated nature of human resources (HR) and the sprawling regulations surrounding payroll, HR and payroll can be a recurring headache for restaurant owners and operators.
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billion restaurant industry. The restaurant industry in the Emirate has undergone significant changes in the last couple of years with the inclusion of many exotic cuisines from all over the world, the addition of tens of thousands of new food businesses, and the use of technology, such as POS systems. Trade License.
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Food and Beverage Program: What will you serve, and how much will it cost? Liquor License. Get the Liquor License: Once you’re in the lease signing stage, you’re in for the long haul. Now it’s time for the dreaded but crucial liquor license. Reapply for the liquor license after one year with a clean record on the books.
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