How to franchise a restaurant like a pro
When you run a successful restaurant, it’s not uncommon to receive franchising requests. The prospect can be attractive — allowing other people to open restaurants under your brand brings in more profit without the work and risk of running other locations yourself. Before you make the decision to franchise a restaurant, be sure to understand the process, the advantages and disadvantages. What is a franchise? A franchise is a type of business where a company owner, or franchisor, licenses their company name and brand to other people. These franchisees open their own locations with support from the parent company. In…
What you need to know about restaurant accounting
Restaurant accounting is a uniquely complex process. Financial transactions pass through a variety of employees, including hosts, servers and bartenders. With all these inputs, a comprehensive accounting process is a must for restaurant owners — it helps you maintain accuracy, stay legally compliant and maximize profits. Importance of efficient restaurant accounting Restaurant accounting is the process of recording, monitoring and analyzing a food-service company’s financial transactions. A solid accounting system tracks the restaurant’s finances, providing a clear picture of the health of the business. Efficiency is critical, especially in the restaurant industry — restaurants often operate on tight profit margins,…
VioKitchen | You’ll Find All Kinds Of Foods – Tasty Burgers to Chicken Cutlet Rice to Papaya Salad to Briyani to Nasi Kerabu.
VioKitchenbeing the first brand new concept of cloud kitchen in Sembawang conveniently located on the ground level of Nordcom 1 with dine in capacity up to 10pax. Make the most of a cloud kitchen to dine in, takeaway and to deliver tasty meals right to your doorstep. At VioKitchen, they are served up a variety of cuisines. You’ll find all kinds of foods – tasty burgers to chicken cutlet rice to papaya salad to briyani to nasi kerabu. What I like about VioKitchenyou may order your food, drive and collect your food right at their doorstep. VioKitchen is also accessible…
Wailea hotels enjoy high revenues but lag in occupancy | News, Sports, Jobs
Visitors roam the sidewalks of Lahaina last week. Occupancy in Maui County hotels was at 70.5 percent in March, down 1.7 percentage points from last year which saw occupancy in March at 72.2 percent. The Maui News / MATTHEW THAYER photo In March, Wailea hotels brought in the most revenue across the state, but also saw some of the lowest occupancy rates in Hawaii, according to a recently released Hawaii’i Hotel Performance Report. Wailea hotels last month saw revenue per available room at $634.65 with an average daily rate at $1,028.45, which is the highest totals…