This is addressed to the one million plus restaurant owners in the US. You are in business to make a profit. Sure, you also want to pass on your great recipes, watch happy people eating and create a legacy for your children. But, when all is said and done, you are in business to make […]
Filed under: Start a Restaurant
Those looking to start a restaurant business need to be properly equipped with the right information. Everywhere you look; there is another magazine or a book that promises to help you along the way. But who can you trust? The good news is that there are some simple steps that anyone can take to make […]
Filed under: Start a Restaurant
How important is a business proposal? For one, it gives you a head start in starting up your desired restaurant business. You see, before the bank or the lending company will give their nod of approval for your proposed loan, you have to actually convince them first that you deserve the money. Without it, you […]
Filed under: Start a Restaurant
When I was nearly hitting the age of 30 something inside me changed I noticed I was starting to question my worth and why am I doing this job. As a manager for a big pub chain I had enough of dealing with complaint after complaint and serving rubbish products. That is when I thought […]
Filed under: Start a Restaurant
Want to hear some good news? Your chances of success are better than most people think. According to the Bureau of Labor Statistics, the survival rates of all new businesses started between 1998 and 2002 find that 66% of them are still open two years after they started.
A Cornell University study of restaurants in three […]
Filed under: Start a Restaurant
Restaurants that serve just about any type of beverage can usually benefit from beverage costing, but restaurants that serve alcoholic beverages are the best candidates for beverage costing analysis for increased profitability.
Beverages are one of the easier ways to maximize profits for your restaurant due to the lower costs and far greater profit margins than […]
Filed under: Restaurant Financial Management
This is one of the most frequently asked questions in starting a restaurant, and one that people often get wrong by seriously underestimating the actual answer.
That may not be a problem, if there is plenty of cash in reserve and sales pick up quickly, or it may be a devastating problem if there was very […]
Filed under: Restaurant Financial Management
Buying an existing restaurant business can be a great way to get into a successful and profitable business with low risk and high rewards. But there are definitely things to watch out for when you are looking at a potential purchase, and you want to go into the process with your eyes open.
Here are ten […]
Filed under: Buy a Restaurant
Before you buy a restaurant you may want to see if you are suited to be a restaurant owner. If you are willing to do what it takes to run a business, and not just indulge a hobby, you may want to buy a restaurant. You will need to have experience in the restaurant business […]
Filed under: Buy a Restaurant
If you decide to buy an existing restaurant business, one of the benefits you will immediately realize is the privilege of examining its historical performance. This will allow you to make some very important business decisions. Your strengths can be of great use even if the restaurant was not profitable in the past, and your […]
Filed under: Buy a Restaurant