The most popular question that we often get from aspiring restaurateurs or even current restaurant owners is if it’s better to start your own standalone restaurant or acquire a Franchise of a leading Food Chain. For the first time restaurant owners it can get quite confusing; which is easier to operate, which one will give better returns, has minimal risk, etc. Running an Independent … [Read more...] about Franchise Vs Independent Restaurants- Which is the Better Route?
The food service industry is almost completely dependent on human capital. Right from the preparation of food to serving it, your restaurant’s employees are your biggest assets. However, hiring and retaining talent remains one of the biggest challenges of running a restaurant. Find out how to create a Human Resource structure for your restaurant here. High competition, low pay, and severe work … [Read more...] about All You Need to Know About Restaurant Staffing
With the advent of cloud technology facilitating online ordering, cloud kitchens suddenly seem like the only logical thing to do to manage high rentals and poor margins. Cloud kitchen or digital restaurant is the latest trend that has quickly established itself in the restaurant space as a formidable restaurant format. With extreme competition in the restaurant space, high rentals, and rising … [Read more...] about How to Open a Cloud Kitchen Restaurant
Getting the VAT Registration of your restaurant is one of the most important legal aspects that should be taken care of before you open your restaurant business. Value-added Tax (VAT) is a type of tax which is charged with the sale of goods within a state. The restaurants whose annual turnover exceeds Rs 10 lakh are liable to get VAT registration done under which they have to collect and … [Read more...] about How to get the VAT Registration of Your Restaurant
Being a proud owner of a restaurant, especially that of a restaurant and bar, or restro-bar seems like a glamorous job. Running your own restaurant business is indeed a financially rewarding business with high returns and is also considered easier and more fascinating than most jobs. However, glorious as it may seem, it is also one of the most tedious businesses out there, with high risks. In … [Read more...] about A Step by Step Guide on How to Open a Restaurant and Bar
The most common query that we receive while fraternizing with restaurant owners is about the restaurant profit margins--what is the average profit margin for a restaurant, how to calculate restaurant margins, and so on. While there are many parameters to gauge a restaurant’s success, your net profit margin gives you a clear picture, whether the restaurant is going to survive in the long run. Find … [Read more...] about Understanding Restaurant Profit Margins (And How To Increase Them)