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Restaurants

Restaurants. The STATS. Owning a Restaurant. In the U.S., 935,000 eateries serve more than 70 billion meals and snacks per year It's a great idea--until you realize how hard starting a restaurant really is: What permits do you need? What are your start-up costs?

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Restaurants

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  1. Restaurants The STATS

  2. Owning a Restaurant • In the U.S., 935,000 eateries serve more than 70 billion meals and snacks per year • It's a great idea--until you realize how hard starting a restaurant really is: • What permits do you need? • What are your start-up costs? • Where should you buy your produce? • What corporate structure should you choose? • In other words, you need to know the fundamentals • That's why we’re breaking down into eight core questions related to a given industry

  3. How much in start-up costs and ongoing expenses? • a blank-slate approach will set you back $100,000 to $300,000 for: • industrial cooking and ventilation equipment, refrigerators, freezers, tables, bar stools, shelving and counters with stations for cutting, heating and cooling. • Renovating an existing restaurant with a similar concept will cost less, though the rent may be comparatively higher because the value of the previous build-out is already baked in

  4. How much in start-up costs and ongoing expenses? • you'll also need a point-of-sale system to collect money and manage the floor and the kitchen • These systems also will allow you to accept credit cards, but in order to get your money from Visa and American Expressyou have to set up an account with a processing middleman such asHeartland Payment Systems • (Commissions run 1.8% to 2.5% of sales.) • And don't forget the little things, like an eye-catching outdoor sign, menus and triplicate china, glass and linen sets for every seat in the house.

  5. How much in start-up costs and ongoing expenses? • The cost of goods sold (food) will be the main course: 25% to 40% of revenues, depending on the restaurant • Payroll will gobble an additional 20% to 25% • Rent should eat 8%. • After marketing, payroll and taxes, if you end up clocking 5% profit margins, pat yourself on the back. • One last move: Even if you don't need it, open a line of credit with a local bank. The track record you establish will come in handy when you're ready to open your next restaurant--and the ones after that.

  6. General Responsibilities • Interior design • Seating • Lighting • Kitchen and front-of-house equipment • Equipment maintenance • Licenses and permits • Menu creation • Building an inventory • Legal fees • Management • Chefs/cooks • Other staff members • Health care for staff members • Payment processing • Taxes • Work safety measures

  7. Things to Consider… •  Choosing a concept • Restaurant Concepts •  Develop a business plan  • Choosing a name • Choosing a location •  Design & Layout • How Much Seating will I need? • Lighting Tips • Music • Getting Your Licenses and Permits •  Choosing Equipment • Equipment Maintenance • Menu Pricing • Taking Inventory • Write A Food Manual • Startup forms & Checklists •  Buying A Franchise • Building A Restaurant • Choosing Your food Service • Restaurant Signs • Restaurant Software • Legal Structure • Hiring A Manager • Restaurant Management • Choosing the Right Location • Decorating Your Restaurant's Interior • Establishing Relationships with Vendors • The Challenges and Benefits of Being Independent • Tips for Taking Over an Established Restaurant • How to Choose Plate and Glassware

  8. Financial Decisions •  Calculating your Start-up costs • Setting up a Business Checking Account • Leasing tips • Employee Manual • Venture capital • Angel Investors • Cash Control Tips • Determining Food Costs • Theft Management • Counterfeit Money • Credit Card Fraud •  Handling Bad Checks • Promoting your business • Finance using Credit Cards • Leasing Equipment • Marketing _Plan • Marketing Plan Software  • Writing a business plan • Business Plan software • Maintaining Business Plan • How Set Up A Payroll • Business Taxes • Business Tax Forms • Employment Taxes • State Taxes • Estimated Tax Prepayments 

  9. Employees •  Hire An Accountant • Hire A Lawyer • Architect • Restaurant Designer • General Contractor •  Hiring Employees • Interviewing Employees • Motivating Employees • Terminating Employees • Job Descriptions • Employee Hygiene • Work Safety • Employee Forms and check lists  • How to Hire Servers

  10. Needed Resources •  Culinary Software • Restaurant Publications •  USDA Resources •  National Food Associations  • Food Product Recalls • Find A Recipe • Great Chef Sites • Culinary Scholarships • Culinary Schools  • Menu Design  • Forms & Checklists •  Food Companies •   Industry Associations •  Food Trade Shows •  Industry News •  Restaurant Equipment •  Restaurant Forms •  Restaurant Associations • Food Safety • Food Product Recalls • Restaurant Safety Checklist • Food Safety Posters

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