How to get a liquor license
Alcohol can be a profitable revenue stream for your restaurant. It’s an easy win — the markup is high, the labor requirements are low, and the product has a long shelf life. In fact, the average restaurant makes about 20% to 25% of its income from alcohol sales. Before you can add beer, wine or spirits to your menu, however, you’ll need a valid liquor license. What is a liquor license? A liquor license is the permit you need to make, distribute or sell alcohol legally. These licenses are usually issued by your state, but counties and cities may also…
Pebblebrook Hotel Trust (NYSE:PEB) Price Target Cut to $16.00 by Analysts at Truist Financial
Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) had its price objective lowered by equity researchers at Truist Financial from $18.00 to $16.00 in a note issued to investors on Thursday, The Fly reports. Truist Financial’s price target would indicate a potential upside of 12.60% from the company’s current price. A number of other research analysts have also issued reports on the stock. Barclays reduced their target price on shares of Pebblebrook Hotel Trust from $22.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 21st. The Street lowered shares of Pebblebrook Hotel…
Happy hour menu ideas for your restaurant
There’s nothing like kicking back and relaxing with a cheap drink after a hard day’s work. As most people have returned to in-person activities, the demand for happy hour has risen. Whether you offer a nice selection of wines or are known for your fun cocktails, featuring happy hour discounts is a sure way to get more customers to place an order. It’s 5 o’clock somewhere, right? When you’re looking for ways to maximize restaurant revenue, happy hour is a cost-effective option — you can start with just a few fun menu ideas and your regularly scheduled staff. This classic…
S$0.13 (vs S$0.042 loss in FY 2021)
Hotel Properties (SGX:H15) Full Year 2022 Results Key Financial Results Revenue: S$525.5m (up 53% from FY 2021). Net income: S$76.4m (up from S$21.7m loss in FY 2021). Profit margin: 14% (up from net loss in FY 2021). EPS: S$0.13 (up from S$0.042 loss in FY 2021). earnings-and-revenue-growth All figures shown in the chart above are for the trailing 12 month (TTM) period Hotel Properties Earnings Insights Looking ahead, revenue is forecast to grow 10% pa on average over the next 2 years, compared to a 12% growth forecast for the Hospitality industry in Singapore. Performance of the Singaporean Hospitality industry.…
How restaurants can use email marketing
Nothing is more enticing than a crisp coupon to your favorite business. The idea that you can get your favorite items for less can motivate any customer to take action. The same applies to restaurant deals. One mouthwatering deal sent directly to a customer can prompt them to place an order. What’s a guaranteed way to reach your customers? Email marketing. Restaurant email marketing programs are a proven method of building customer loyalty. A well-timed email can bring in new diners and remind recent diners to return. Email marketing is worth the investment. For every $1 you spend on email…
2023 Alcohol Delivery Trends for Restaurant Owners
Alcohol Delivery is expected to grow exponentially over the next few years – it’s time you learn how to capture this growing demand for to-go cocktails and alcoholic beverages. Check out what spiked drinks are trending in 2023 and how you can quench your diners’ thirst. The pandemic kickstarted changes in local regulations to allow restaurants to incorporate alcohol delivery into their delivery strategy. Over 17 states and districts have decided to allow restaurants to sell to-go cocktails permanently, and customers love the ability to order to-go cocktails, beer and wine from their favorite restaurants on Grubhub. Find out more…