DOWNLOAD: Rent Reduction Request Letter Having a hard time paying your rent? It may be time to talk to
your landlord for relief. As demand for lease space softens,
national chains as well as independents are obtaining rent
reductions of 10%, 20% and even more. Use this template to notify
your landlord, make your case and set the tone for a successful
outcome. . . . more >>
The Restaurant Owner's Financial Management Scorecard by Jim Laube No unhappy guests is always JOB ONE but, a restaurant that's regularly filled with happy customers isn't necessarily a successful one. It's got to make money, too. Find out how well you're paying attention to the financial side of your restaurant. . . . more >>
DOWNLOAD: Catering Agreement Template It's important to communicate your catering bids and proposals in a professional, clear and organized manner. The Catering Proposal template includes a cover letter, proposal form and a quick catering/event agreement which are referred to as your restaurant's "Catering Policies." . . . more >>
How to Organize & Maintain Your Restaurant's Employee Files by Emily Durham You can't afford to have a slip-shod, unorganized employee record-keeping & filing system. Employment laws & potential legal exposure can mean serious damages to employers who don't maintain complete and up-to-date information on every person working at your restaurant. This article describes the key points of an effective employee file system for your restaurant. . . . more >>
Break-Even: It's Like Having Your Own Financial Crystal Ball by Jim Laube One of my sharpest restaurant clients, nearly aways knew what his monthly net income would be for each of his three restaurants before he saw the P&L. Using a simple break-even approach, he could accurately estimate his profit just by knowing each restaurant's sales volume. Here's how he did it. . . . more >>
If It Walks Like a Franchise and Talks Like a Franchise... The Dangers of Hidden Franchises and How to Avoid Them by Wayne Bunch, Esq. Do you know when your business arrangement actually contains all the elements to be considered a franchise relationship? Regardless of what the agreement is called or the pretexts it was drawn under, you could mistakenly enter into a franchising settlement that is governed by the FTC Franchise Rule. Learn how to avoid the legal pitfalls of the "accidental" or "unintended" franchise. . . . more >>
WEBCAST: How to Protect Your Restaurant From Theft & Fraud The struggling economy is bringing another threat for small businesses - rising employee fraud. Restaurants are always prime targets for fraud & theft and now may be even more so. You've got what thieves want; food, liquor &, of course, CASH. This multimedia program will give you practical, easy to implement controls and procedures to protect your business. . . . more >>
How to Manage Your Restaurant's Opening Budget by Chris Tripoli Restaurant Economics: How restaurant operators can schedule and manage the initial budgeting process with more success and less pain. This article looks at how two restaurant concepts determined the amount of money needed and how they managed the preopening process. . . . more >>
DOWNLOAD: Restaurant Internal Control Checklist Independent restaurants lose lots of money due to fraud & theft often because of poor or non-existent internal controls. Improve your controls & reduce your exposure to losses by implementing these essential restaurant internal controls in the areas of cash, purchasing, payroll and accounting. . . . more >>
How to Find Investors & Raise Startup Capital for Your First Restaurant by Joe Erickson If you have a restaurant concept that will cost hundreds of thousands of dollars to open, then chances are you'll need more capital than what a bank is willing to loan you. The logical alternative is to find an investment partner for your restaurant that believes in your chances for success and wants to be a part of it . . . more >>
Seven Characteristics of Successful Restaurant Franchise Companies by Wayne Bunch Does your restaurant concept have what it takes to be the next franchise to become a household name? Visions of Subway® and McDonalds® come to mind. An experienced franchisor and franchise attorney explain what it takes to break into these ranks. . . . more >>
Eight Ways to Survive a Struggling Economy by Joe Erickson Want to be successful even as others are struggling? Here are some ideas that will help you to not only survive the current economic turmoil but grow your business no matter what the economy does . . . more >>
How to Manage the Life Cycle of Your Restaurant by Chris Tripoli and Pat Morris Now that your startup restaurant is open, are you ready to manage the various transitions you will encounter? Like all businesses, your restaurant has a life cycle that has several phases. Taking a proactive approach to managing that cycle can help ensure long term success. . . . more >>
What Every Restaurant Operator Should Know About Managing Cash Flow For many restaurant owners one of the most perplexing and frustrating aspects of running their business is getting a handle on the ebbs and flows of their cash flow. All too often cash
balances can be more than sufficient one week only to turn into a shortfall and potential overdraft situation the next . . . more >>
DOWNLOAD: Daily Sales Plus Labor Summary Monitor your daily and weekly labor expenses as compared to sales and to labor targets that you choose. A very powerful tool for controlling one of your biggest costs. Choose between Full Service and Quick Service formats. . . . more >>
DOWNLOAD: Weekly Cash Flow Worksheet Even if your restaurant is profitable, your cash balance ebbs and flows. It's no fun having to scramble for the cash to make payroll. Use this simple but highly useful worksheet to better anticipate and respond to your constantly changing cash position. . . . more >>
DOWNLOAD: Restaurant Gift Certificate Tracking Form Managing outstanding gift certificates for your restaurant can be a daunting task if you don't have a system in place. This spreadsheet form helps you track the certificates you sell, including amounts issued, redeemed, and remaining balances . . . more >>
DOWNLOAD: Daily Sales Report Templates Spreadsheet templates to record daily sales transactions. Includes fields to record sales, deposits, discounts & comps and paid-out detail. . . . more >>
Tip Reporting 101 by John Nessel As if the restaurant business was not hard enough, complying with IRS tip reporting rules is one of the most difficult and annoying tasks facing restauranteurs! This is truer today than a decade ago as the IRS is accelerating its efforts to capture previously lost revenue in the form of income and FICA tax. As a restaurant owner you should therefore be aware of your responsibilities regarding the reporting of your employee's tips. . . . more >>
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