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Finance & Growth
Building Blocks: Time to Buy?
When you go over all the different thoughts in your head about buying a pizzeria, buying the real estate may be the last one to cross your mind. In the beginning, securing the funds to just open a shop is hard enough. You may be more interested in ma...
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Finance & Growth
Building Blocks: So You Want to Own a Pizzeria
Buying a pizzeria with seller financing So, you want to own a pizzeria, or maybe you want to open another shop, but you don’t quite have the capital. The most important thing to remember is this: as much as you want to buy a pizzeria, somebody ...
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Finance & Growth
Restaurant Site Selection
Choosing the right location takes research and luck When Giuseppe Amato walked into a bakery in Ocean View, Delaware, he saw a For Lease sign in the window. He chatted with the business owners, who said they had outgrown the space and were moving the...
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Finance & Growth
Looking to borrow money?
An overview of the current capital environment for restaurants and how operators can best position themselves to capture the cash they need Uneasy. Cautious. Still. Just a few of the words describing the current financial climate for pizzeria operato...
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Finance & Growth
Taking Steps to Alleviate Flat or Declining Sales at Your Pizzeria
Hitting Walls or Ceilings with Growth From routine seasonal slumps to a global pandemic, there are many reasons for restaurant sales to flatten or decrease occasionally. Whether it’s due to the initial excitement of a grand opening wearing off, or ...
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Finance & Growth
Building Blocks: Sales Fix Everything, Part 2
There comes a point for every business when it feels like you just need more money in the bank. That’s what I am addressing in this three-part series. One of the best lessons that I learned early on in my career was that sales fix everything. It ca...
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Finance & Growth
Ins & Outs of Estate Planning
What happens to the business if something happens to you? Estate planning is one of the easiest things for most folks to procrastinate, because, let’s face it, most of us don’t think we are going to die anytime soon. But, as business owners, we n...
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Finance & Growth
Building Blocks: Sales Fix Everything
Early in my career, I had the epiphany that more sales would fix everything. The challenge, however, is figuring out how to consistently increase revenue. My sales philosophy is comprised of three main concepts, and each one drives hundreds of ideas ...
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Finance & Growth
Mike’s Monthly Tip: The 13 Month PnL (Profit and Loss)
Use a 13-month P&L statement to gain long-term view of your business health Keeping track of finances is crucial to a successful restaurant. The classic profit and loss statement is essential for monitoring your store’s financial status, sh...
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Finance & Growth
A Look at Ghost Kitchen Operations and Setup
Going Ghost As the COVID-19 Pandemic shuttered dine in and off-premise sales soared, ghost and virtual kitchens gained ground. These operations exist solely for online delivery orders through websites, apps and third-party delivery platforms. Some ma...
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Finance & Growth
Man on the Street: Popping the Pop-Up Pizza Concept Bubble
A few weeks ago, I ran into a friend who makes pizza for a living. She got her start about five years ago and has been busy running pop-ups at bars and events ever since. She told me about plans to shift up from running spotty pop-ups to something mo...
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Finance & Growth
The Beauty of Catering
Making the right investments to capture catering’s promise On its way to surpassing 400 U.S. restaurants, Jet’s Pizza placed a more intense focus on one underdeveloped area of its surging pizzeria empire: catering. The Michigan-based company trum...