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Jump To Your State There are a lot of benefits to serving alcohol at your restaurant. Liquor sales tend to have the largest profit margins over anything else on the menu, ranging from 75 to 80%. Alcohol is particularly profitable due to large markups for prices, low labor costs, and a longer shelf life compared to most other consumables. Having beer, wine, and/or hard liquor on the menu can also attract new customers to your restaurant. For many people, a…

Last Updated: July 14, 2020 from Facebook pages. Lots of new info on re-openings! The coronavirus (COVID-19) pandemic swept across the US in less than a week, effectively shutting down life as we had known it. The pandemic has impacted businesses of all sizes across a number of different industries. However, the first industry to be impacted was the restaurant industry and it is perhaps the hardest-hit industry to-date.  On March 16th, Governor Gretchen Whitmer issued an executive order to…

For many Americans, bubble tea is a relatively new concept. After being invented in Taiwan in the 1980s, the fun drink with a giant straw has exploded in popularity across Asia — and throughout the world. Bubble tea is in such high demand globally that McDonald’s put it on the menu in Germany. If you are a bubble tea fan, or simply interested in investing in a business with a tremendous potential for growth, you may be thinking about starting…

Across the country, restaurants are feeling the impact of the coronavirus pandemic. Shelter-in-place orders typically limit restaurants to pick-up and delivery only — which has been a challenge for many establishments whose primary source of profit came from dine-in eating. The restaurant industry as a whole is expected to suffer a $225 billion loss from March through May of 2020. While there isn’t much that anyone can do about the stay-at-home orders (other than comply with them), there are steps…

The United States is facing an unprecedented emergency, the likes of which this country has never faced before. In a matter of weeks life as we knew it came to a near halt. Schools closed, entire businesses were shut down, and travel had been restricted. One of the first industries hit by the pandemic was the restaurant industry and it’s an industry that faces a very uncertain future. Prior to the pandemic, there were over 1 million restaurants in the…

The coronavirus pandemic has drastically changed how we live and work in the United States. Across the country, states have issued stay-at-home orders that have led to the closure of non-essential businesses. While restaurants can remain open, dine-in services are generally prohibited — which leaves pick-up and delivery as the only options for most businesses. During this time, many restaurants have turned to online services to help them process and manage food orders. Even before the spread of COVID-19 required…

The two main Coronavirus (COVID-19) loan programs for restaurants are the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loans (EIDL) program. These programs are available to help your restaurant survive these difficult times. Keeping track of the ever changing information is hard, and figuring out how to act on the information is even harder. To make things simple, we’ve created a short and sweet summary of the programs specifically for restaurants. Disclaimer: This is just a very brief…

The National Restaurant Association (NRA) recently conducted a survey of over 4,000 restaurant operators in an effort to measure the devastation being caused across the restaurant industry due to Coronavirus. The results are as bad as you can imagine. The survey found 3% of American restaurants have already permanently closed. Another 11% of survey respondents indicated their restaurant would be closing for good within the next 30 days. Of the restaurants that will not be closing forever, 70% have laid…

What’s in a name? For businesses — including restaurants — a name can be everything. If people don’t remember the name of your restaurant, they’re less likely to throw it out as a suggestion for dinner — let alone visit your establishment. Of course, that doesn’t make it easy to come up with a name. There are so many factors to consider — something that is easy to remember, a name that reflects your cuisine or mission, and making sure…

It’s no secret: Americans like to drink. From beer and wine to hard drinks, the average American enjoys an alcoholic beverage on a regular or semi-regular basis — whether they drink to celebrate, unwind, or for any other reason.  Yet as all bar owners know, it isn’t always easy to determine exactly what consumers want to drink — and how + where they want to drink it. While predicting bar trends isn’t an exact science, examining data from studies and…