Everyone in the restaurant business knows how difficult it is to succeed. In fact, four out of five restaurants close within five years of serving their first meal. In large part, this is because margins are relatively low for restaurateurs—to the point where just slightly more than one-third of restaurant owners believe they are in a solid financial position.Read More >
Every restaurateur is undoubtedly familiar with the recent study that revealed 60 percent of restaurants go under within one year and 80 percent fail within five years.Read More >
Whether you’re opening a brand-new restaurant or plan on remodeling and renovating an existing one, designing a new kitchen is no inexpensive undertaking. From deep fryers, gas stoves, and refrigerators to grills, ovens, and warming stations, there’s no shortage of appliances you need to acquire in order to build a state-of-the-art kitchen.Read More >
Whether they’ve been in business for years or are just opening their doors for the first time, restaurants often encounter cash shortages.
Owners of brand-new restaurants have to figure out how to foot the bills relating to forming a new LLC, paying rent and utilities, renovating the dining room and bar area, installing new equipment in the kitchen, making sure the restrooms are up to speed, acquiring top-notch food ingredients and beverages, and, of course, hiring a friendly and skilled staff.Read More >