Tag Archive | restaurant owner

Three Great Options For Restaurant Financing

Three Great Options For Restaurant Financing

Opening, owning, and running a restaurant may well be one of the most demanding and difficult businesses out there. In New York alone, the average restaurant business plan requires at least $281,000 in startup costs, along with an additional $1 million in expenses annually. These expenses include high rent, construction, […]

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If You Want to Keep Your Restaurant, Be Ready to Sell It

If You Want to Keep Your Restaurant, Be Ready to Sell It

  By Bruce Hakutizwi BusinessesForSale.com Running a successful restaurant is a notoriously time-consuming affair. Successful restaurant owners often thrive on the long days and short nights that define their fulfilled dreams. If that describes you, you may have never even considered when, how, or even if you want to sell […]

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A Guide to Restaurant Financing

A Guide to Restaurant Financing

You can fund your restaurant using traditional business loans, alternative loans, personal savings, private investors, strategic partnerships and crowdfunding. Financing is your first and biggest challenge to launching your new restaurant. You can fund your restaurant using traditional business loans, alternative loans, personal savings, private investors, strategic partnerships and crowdfunding. […]

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3 Vital Tips When Buying a Fast Food Restaurant

3 Vital Tips When Buying a Fast Food Restaurant

By Bruce Hakutizwi BusinessesForSale.com For many, working part time at a fast food restaurant is their introduction to working life. Others decide to pick up some extra hours at the local fast food joint in the evenings to make some spending money or after classes as a way to help […]

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13 Tips to Better Manage Your Restaurant

13 Tips to Better Manage Your Restaurant

A successful restaurant starts with its leadership. As a restaurant owner or manager, you need to be constantly giving thought to how you can better manage your restaurant. Here are 13 tips to make sure that your restaurant’s management is in top shape. 1. Hire the right employees: Your staff, […]

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Celebrity Chef Robert Irvine Announces Sin City Debut with New Restaurant Concept at the Tropicana Las Vegas

Celebrity Chef Robert Irvine Announces Sin City Debut with New Restaurant Concept at the Tropicana Las Vegas

Restaurant: Impossible host to take on Las Vegas with new signature restaurant Celebrity Chef Robert Irvine, host of Food Network’s Restaurant: Impossible, announced today that he is teaming up with Tropicana Las Vegas to open his first signature restaurant on the Las Vegas Strip. At the press conference, the exterior […]

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Chef Robert Irvine: Seven Factors That Determine Restaurant Success or Failure

Chef Robert Irvine: Seven Factors That Determine Restaurant Success or Failure

Chef Robert Irvine has spent the past five years attempting to save 140 failing restaurants across America for the Food Network show “Restaurant: Impossible,” now in its 13th season. Of the 137 restaurants whose episodes have aired, 82, or 60%, have closed since their makeovers, according to the blog Food […]

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9 Unexpected Costs of Opening a Restaurant

9 Unexpected Costs of Opening a Restaurant

One thing new restaurateurs should always expect is the unexpected – interminable waits for permits, scary surprises behind walls – and if you fail to budget for such expenses, you could go belly up. There are many reasons restaurants fail, but about 80% of those that fail go under “because […]

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8 Things Every New Restaurant Franchise Owner Should Know

8 Things Every New Restaurant Franchise Owner Should Know

While choosing to own a restaurant franchise is generally less risky that trying to go out with your own brand or concept, there are still no guarantees of success. If you are thinking about starting a new franchise, here are eight important things to know about franchise ownership. 1) Don’t do it […]

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So You Have a Successful Restaurant. Now What?

So You Have a Successful Restaurant. Now What?

“Each success only buys an admission ticket to a more difficult problem” is a statement often attributed to former Secretary of State Henry Kissinger. Any entrepreneur with a successful restaurant venture faces an interesting prospect: Is the next move to open another restaurant that mirrors the successful one in another […]

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The Restaurant Manager's Handbook: A Restaurant Operations Bestseller

The Restaurant Manager’s Handbook: A Restaurant Operations Bestseller

Restaurants are among those businesses that are facing tougher times in the current climate. They are largely seen as a luxury – after all, no one needs to eat out and when money is tight people are more likely to stay indoors and cook for themselves. It stands to reason […]

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Shake Shack: 2014's Hottest Restaurant IPO?

Shake Shack: 2014’s Hottest Restaurant IPO?

by Aaron D. Allen, Aaron Allen & Associates Shake Shack is more than America’s latest gourmet burger sweetheart. It could be the hottest restaurant IPO of 2014. After all, nobody wants to miss out on the next Chipotle. The Denver-based burrito dynamo started out at $42 per share in 2006 […]

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Seven Reasons Aspiring Restaurateurs Get Burned

Half of Americans have worked in a restaurant at some point, and a healthy portion dream of opening their own joints. (The number of eateries in the U.S. will soon top 1 million.) Dependable mortality rates are hard to find – a recent study found that 60% of new restaurants […]

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Citi Wide Merchant Funding Announces New Franchise Financing Program

Citi Wide Merchant Funding is excited to announce a new small business financing program for franchise owners. This new franchise financing program will allow newly opened franchise to access working capital quickly. Financing for the restaurant, quick service restaurant (QSR), and franchise industries has been notoriously difficult to raise since […]

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