The food service industry was among the hardest hit by the COVID-19 pandemic. Nearly 17% of the restaurants in the United States closed in 2021. In most states, restaurants have to abide by occupancy restrictions. There are some areas where restaurants can only operate at 25% capacity. If you are looking at 2021 as your …
Opening a business is a monumental task. While creating a business may seem straightforward on paper, in actuality, it is a complex process that can be full of many unforeseen pitfalls. Many people don’t know where to start when deciding what kind of business to open, leaving them to give up on their dreams of …
Listen, we know that restaurant owners are not accountants. They’re people from all walks of life, investors who have put a sizable amount of capital into a living business. Another way to say this is that a restaurant owner’s biggest value isn’t his or her ability to crunch numbers – at least, debatably. …
Three Vital Types of Restaurant Accounting Services Read More »
At Emerald Coast Restaurant Brokers and Consultants, we help restaurant businesses to stay alive and thriving in a competitive market. As a brokerage, we help these businesses to change hands, but as a premier consulting service, we also help to ensure that they are in good shape to be passed on at some time in …
Selling your restaurant can be an exciting time as well as one full of stress and anxiety. Regardless of the reasons you have for selling, you are letting go of a business that you have dedicated exorbitant amounts of time and energy, which means you need to receive your full asking price. Emerald Coast Restaurant …
Food costs are a big stressor for many restaurant operators. Your menu cost is a very basic and fundamental part of your expenses that goes into your bottom line and how much profit the restaurant makes, no matter how hard people are working. At Emerald Coast Restaurant Brokers and Consultants, we help clients to stay …
Even before COVID-19, delivery services was on the rise. Now, many customers are reluctant to go to restaurants, but still want to enjoy their favorite meals. So, your restaurant may be opening up, but social distancing is limiting the number of customers that you can at any one time. That’s why it’s essential to add …
Tips for Adding Delivery Services to Your Restaurant Read More »
If you own a restaurant, there’s a good chance you have asked yourself on several occasions – “what in the world am I doing wrong?” What do you need to update in your restaurant to continue increasing your sales? When considering these common questions, several answers may come to mind. You may think about changing …
Signs It Is Time to Update Your Restaurant’s Menu Read More »
If you own a restaurant, you have likely thought about selling at one time or another. However, even if your restaurant is a huge success and customers are lined up at the door, figuring out how to sell your restaurant is not as simple as selling a car or a home. It may take a …
Finding a lucrative business venture is something many entrepreneurs work hard to achieve. Choosing a business venture that coincides with the passions and hobbies you have is beneficial. For instance, if you love to cook and interact with the general public, owning a restaurant is a great idea. There are over 660,000 restaurants currently in …
Why Buying an Existing Restaurant is a Smart Business Move Read More »