The dynamics of owning and operating a restaurant are reviewed. Once the business owner understands the dynamics, then it becomes easy to understand how to make money in this industry.
Purchasing equipment for a restaurant is a daunting task. There are three phases to successfully purchase restaurant equipment. The first is planning, see How to Purchase Equipment for a Restaurant – Planning Phase for more […]
Purchasing equipment for a restaurant is a daunting task. There are three phases to successfully purchase restaurant equipment. The first is planning, see http://businessecon.org/2013/02/how-to-purchase-equipment-for-a-restaurant-planning-phase/ for more information about this phase. The second is research. This […]
Equipment costs for a restaurant can easily consume the gross profit of your business. The key is to keep the costs low in order to spread the costs appropriately over time. Purchasing equipment for a […]
The top two costs associated with owning a restaurant is labor and food. Controlling these prime costs in effect is the bottom line in your business. So how do you control food costs? First identify […]
There are two costs that stand out in the restaurant industry. Food and labor comprise more than 45% of the typical expenses of the restaurant. No other expense comes close to these two costs. This […]