Posts Tagged‘restaurant’

What you should know before investing in a new restaurant

Investing in the hospitality industry can be a great way to boost your existing portfolio or kick-start a new career. Yet as with any investment, there’s some degree of risk involved in the ever-evolving restaurant business. Before jumping in, be sure you keep these factors in mind. Know your market New restaurants have an unnervingly high failure rate, but you can get around it by pinning down the target demographic. Who will be visiting the restaurant or franchise? What will they be expecting? Analyse neighbourhood demographics to understand who your customer is and what they need. Education, income, and age…

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POS Systems Are So Versatile, No Restaurant Should Do Without

For any restaurant, the key reporting and recording tool available to them is their point of sale (POS) system. When a restaurant point of sale on iPad system is first installed, people will need to get trained on it, so that it can be used to its full capacity. So what are some of the key things this type of system can done for you? Credit Card Processing It is very important that a POS system is able to take the order of a customer, and to make sure the fees for these orders are properly created. Most consumers now use…

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3 Things you Need when Starting a Restaurant

One industry you may be interested in getting into is serving food. This is sure to be one of the best ways to work towards satisfying customers by offering some of the best meals possible. The good news is that this can be a thriving business and allow you to have great success by opening a restaurant in your area. In fact, studies show that $782.7 billion was reported in restaurant sales throughout the industry in 2016. However, if you plan on opening your restaurant, you will want to be aware of the right things you should have on hand to…

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