Modern Restaurant Management

AUGUST 30, 2023

To learn about best financial planning practices, Modern Restaurant Management (MRM) magazine reached out to Ben Johnston, COO of Kapitus, which provides financing for small and medium sized businesses. With ever rising costs for supplies and staffing, how can a restaurant owner/operator best plan for the future?

Small Business 168

Small Business Magazine Pricing Consumer Goods 168

Modern Restaurant Management

JANUARY 9, 2024

Banks have been reducing exposure to small businesses ever since the pandemic, and now with higher interest rates putting pressure on bank deposits and greater regulatory scrutiny, banks are reducing their loan books even more. This can be especially true going into the holidays. We expect this continue at least through the holiday season.

Employee Relations 185

Employee Relations Small Business Advertising Customer Experience 185

Restaurant Engine

NOVEMBER 10, 2021

Food truck financing can help you take your dream to reality. In this article, we answer the question, “Does your new food truck business need financing?” In this article, we answer the question, “Does your new food truck business need financing?” Equipment Loans. First, let’s look at what it might cost.

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Food Truck Food Equipment Small Business 119

Perfect Daily Grind

MARCH 19, 2023

As with any agricultural commodity, capital and access to finance are essential for coffee farmers. You may also like our article on how access to finance can be improved for smallholder coffee farmers. Why do coffee farmers need access to finance? Read on for more of their insight. What is capital? How are coffee farmers paid?

Equipment 130

Equipment Pricing Article Sustainability 130

Restaurant Engine

JUNE 9, 2021

When it comes to restaurant financing, take advantage of these tips for success. While there are several ways to pay for your new equipment, we’re going to look at financing. Here are seven must-know restaurant equipment financing tips. #1: So, before you apply for financing with a company, know their requirements.

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Equipment Front of House Back of House Document 105

Modern Restaurant Management

AUGUST 3, 2021

The PPP program offered 5-year loans carrying a 1% interest rate making it some of the lowest cost financing small businesses were able to find. The PPP program offered 5-year loans carrying a 1% interest rate making it some of the lowest cost financing small businesses were able to find. How much is forgivable?

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Small Business 2019 2020 Operations 216

Touch Bistro

SEPTEMBER 7, 2021

As a result, many turn to restaurant equipment financing to ensure they have the commercial kitchen equipment needed to run a successful business. Of course, many business owners are wary of debt financing, because debt is a scary word that implies risk and the threat of bankruptcy. What Is Restaurant Equipment Financing?

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Equipment Point of Sale Small Business Take-out 98

Modern Restaurant Management

DECEMBER 19, 2023

Any deal that requires financing is going to push some buyers out since high-interest rates make borrowing money an expensive and risky endeavor for the buyer and the bank they are getting the loan from. Someone looking to buy a restaurant is going to rethink that purchase if they have to finance a $3.5

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Modern Restaurant Management

NOVEMBER 29, 2019

Thinking about alternative approaches to lending and financing can position your business for growth. A financing program can enable you to handle remodeling demands. From small tweaks to complete overhauls, short-term loans give you flexibility now. Small, short-term loans make these kinds of changes much easier to address.

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Fast Casual Equipment Small Business Mobile Ordering 198

Modern Restaurant Management

APRIL 20, 2020

Lacking cash reserves and the resources to access money (traditional bank loans), most restaurants were forced to lay off their employees. Lacking cash reserves and the resources to access money (traditional bank loans), most restaurants were forced to lay off their employees. For restaurateurs, this is the time to plan your future.

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Front of House Back of House Reservations Seating 190

Restaurant Engine

AUGUST 11, 2021

You actually need a plan and one that includes financing. Let’s look at seven tips for financing a second restaurant location. #1: Before you know how much you need to finance, you first need to know an estimate of your costs. Will you fund it yourself; will you take out loans; or will you look for an investor?

Equipment 64

Equipment Website Management Small Business Mobile Ordering 64

Modern Restaurant Management

JANUARY 30, 2024

They must connect to priorities across key operations, marketing, customer service and finance roles. Ambitious restaurateurs often want to expand quickly to capitalize on initial success. However, rapid growth without an intentional strategy frequently erodes quality, culture and profits over time.

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Leadership Small Business Cash Management Customer Experience 199

App Institute

APRIL 4, 2021

The post Restaurant Financing: Loans and Funding Options for Restaurants appeared first on AppInstitute. It costs a lot of money to open and run a restaurant. Sage puts the average startup costs for a new venue at $275,000, or $3,046 per seat. And the price gets significantly higher if you want to own the real estate.

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Seating Pricing 98

Clover - Restaurants

APRIL 23, 2024

In this guide, we’ll compare buying a restaurant versus starting one from scratch, provide tips on evaluating different restaurants for purchase, and list resources that can help you get up and running. Launch vs. buy: Should you buy a restaurant? There are several advantages to buying a restaurant. Why is the restaurant being sold, to begin with?

Point of Sale 52

Point of Sale Cash Management Franchise Franchising 52

Indoor Media

APRIL 2, 2020

Chamber of Commerce – Emergency Loans Small Business Guide and Checklist. Seated – Hotline for Law and Finance Advice. Small Business Administration – Economic Injury Disaster Loan Emergency Advance. Small Business Administration – Express Bridge Loans. Stay Up-to-Date. Apply for Relief.

Small Business 148

Small Business Certification Advertising Restaurant Law 148

EATER

FEBRUARY 10, 2022

DoorDash Capital will offer what the company describes as “fair, fast and convenient financing” which they say can help restaurant owners cover payroll and rent if revenue comes up short, to establishments that use DoorDash to handle delivery and pick-up orders. Shutterstock. DoorDash Capital is actually a cash advance and a fee, okay?

Cash Management 101

Cash Management Point of Sale Online Ordering Advertising 101

Modern Restaurant Management

MARCH 18, 2020

” The Association proposed three separate categories of protection for industry restaurants and employees: directed/targeted financial relief; loans/insurance options for impacted small businesses; and tax measures. .” Authorize the Department of Treasury to create a $145 billion Restaurant and Foodservice Industry Recovery Fund.

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Insurance Employee Relations 2002 2001 161

Modern Restaurant Management

APRIL 14, 2020

For additional resources, click COVID-19 Survival Guide for Restaurants and MRM Restaurant Survival Guide, Second Course and MRM Restaurant Survival Guide, Part Three and What’s Next?: MRM Restaurant Survival Guide Updates. This new site is a one-stop hub of critical information for restaurants, employees, customers and industry partners.

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Online Ordering Back of House Customer Service Small Business 208

Hot Schedules

OCTOBER 27, 2020

Specifically this report took a comparative look at the data and answered questions like: How likely were PEO clients vs. Non-PEO clients to receive a PPP loan? How likely were they to receive a PPP loan in round one? How likely were they to receive a PPP loan in round one? What is a PEO? HR administration. Tax administration.

Small Business 148

Small Business Employee Relations Mobile Ordering Document 148

Restaurant Business

JUNE 5, 2023

Many business owners have extensive expertise in their area of business, but not necessarily in the area of business finances. There’s a good chance that, to allow for business growth, owners may need to get a loan or line of credit in the future. Could using a credit card be a better choice? And is making the switch worth the effort?

Cash Management 63

Cash Management Small Business 2023 Equipment 63

Hot Schedules

APRIL 7, 2020

— Fed Announces it Will Backstop Paycheck Protection Program Loans – After the Paycheck Protection Program’s (PPP) rocky launch on Friday, April 3, the Federal Reserve announced Monday that it will provide financing to banks and lenders who are processing the loans, according to Yahoo Finance. . Job Listings.

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Blog Employee Relations Small Business 2020 125

Cheetah

MAY 17, 2021

Business debt such as rent, mortgage instalments or other loans (principal and interest) is also covered. Applications opened on May 3 rd 2021 and $2.7 Billion in financial support have already been distributed to over 21,000 restaurants within the first week alone. Whatever your stance on government, that has got to be a record.

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Webinar Point of Sale Food Truck Government 143

The Restaurant Times

APRIL 18, 2021

If you’re worried about how to finance a restaurant in the UK , the prospect of third-party funding has most likely crossed your mind. With the help of a qualified restaurant consultant, restaurant financing options become easier to understand. Here is what you need to know about restaurant financing in the UK.

Cash Management 52

Cash Management Social Media Email Marketing Equipment 52

Culinary Cues

MAY 4, 2022

Some of you may have been fortunate to come from a family with the finances to support your dreams, while others may have had to scrape and save and take on substantial loan debt to get to the same point – in both cases it took someone’s financial effort to get you here. This is where you are right now. Here you go!

2022 372

2022 Coaching Education Kitchen Safety 372

Lavu

APRIL 1, 2020

If you’ve always dreamed of having your very own Cheers, but were previously discouraged by the plethora of possible ways that you could fail , here’s a guide of things you need to be aware of, things to avoid, things to seek out, and everything else you may want to know before setting out to turn your bar dream into a reality. Preparation.

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Bar License Social Media Point of Sale 78

Modern Restaurant Management

SEPTEMBER 3, 2020

We served the smallest of businesses, many of which couldn't apply for a PPP loan with long-standing banks, including restaurants which became one of the top five largest segments we helped. Our data shows many businesses that received a PPP already have significantly reduced cash balances after taking the loan.

Cash Management 140

Cash Management Small Business Magazine Government 140

Society Insurance

MARCH 8, 2023

Educate Yourself and Have Proper Expectations After graduation, along with the countless other important changes happening in your life, your finances will be changing. Understanding personal finance is key to starting a career post-graduation. Make adjustments to your personal finances based on your findings.

Insurance 105

Insurance Certification Education Employee Relations 105

Perfect Daily Grind

JANUARY 6, 2023

Food ingredients and coffee company ofi secures two-year US $250 million loan for refinancing. The loan, which was approved by DBS Bank and the Industrial and Commercial Bank of China, will be used for the refinancing of existing loans and “general corporate purposes” ofi is also set to launch an IPO during the next two years.

2022 137

2022 2023 Recycling Café 137

Lavu

NOVEMBER 18, 2022

Use this outline to create a pizza business plan that will organize your thoughts and ideas, create a document to attract investors and financing, and get you on the road to opening your own pizzeria. For additional help, check out Lavu’s free ebook How to Build a Restaurant Business Plan. Service Style : Explain how you will serve customers.

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Loyalty Program Download Document Point of Sale 78

Open for Business

DECEMBER 12, 2023

Get an attorney involved to help you sort through the pros and cons of each structure, as there is no one way that works best when it comes to financing a restaurant. The information provided in this article does not, and is not intended to, constitute legal or financial advice; instead, all content is for general informational purposes only.

Back of House 78

Back of House Restaurant Law Email Marketing Small Business 78

Perfect Daily Grind

DECEMBER 12, 2022

While a barter system may be more common among smallholder producers who typically have less access to financial resources (such as credit facilities and long-term loans), coffee farmers around the world can use bartering as means of acquiring the resources and services they need. One way they can do so is by bartering.

Consumer Goods 189

Consumer Goods Certification Workshop Sustainability 189

Restaurant365

JUNE 9, 2020

Running financial reports daily will also provide insights into your finances, allowing you to determine if you need additional financial guidance. As your restaurant business begins to recover from restrictions put on it due to COVID-19, it is crucial to assess your financials and strategize your costs. One of these costs is labor.

Cash Management 97

Cash Management Management Management Small Business 97

Restaurant365

APRIL 1, 2020

Your restaurant may have outside financing or sales of assets, but the bulk of cash flow is calculated from your food and drink sales minus what was spent on your operating costs. Your total cash inflow includes sales from customers, as well as any money from your financing sources or cash made from selling assets. Calculation example.

Cash Management 98

Cash Management Management Management Point of Sale 98

Hot Schedules

JANUARY 13, 2021

Smaller borrowers who never received PPP financing will be first in line to apply and submit their applications starting Wednesday January 12th, and soon thereafter, the Small Business Administration will open the program to all businesses with a maximum of 300 employees compared to the 500-employee limit in last year’s program.

Small Business 78

Small Business Employee Relations Website Management Hotels 78

The Restaurant Times

MARCH 31, 2022

Getting proper finance or adequate funding is the biggest hurdle when you start your restaurant. Bank loans: You can easily get your initial funding through bank loans. Bank loans: You can easily get your initial funding through bank loans. You have to pay off the loan in installments with interest.

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Casual Dine-in Tourism License 52

The Restaurant Times

JULY 20, 2020

Moreover, the global pandemic has forced many restaurant operators to seek outside capital support and small loans to stay afloat. . Can Small Loans Help Restaurants Survive Financial Instability? The COVID-19 outbreak has impacted everyone, from operators and servers to delivery drivers in the food and hospitality sectors.

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Government Small Business Sustainability Restaurant Law 76

7 Shifts

JULY 16, 2021

Coffee shops can be so much more than a place to grab a cup of joe and a croissant. They are places where friends and family gather, where ideas are formed and spread, and where important work gets done. At their best, they're an essential part of their community—a third place beyond work and the home. Find the Right Location. Obtain Funding.

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