Contracts and legal documents Before you

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These are the most important steps: Profit and Loss Overview (P&L) : Review the sales development and cost structures of the last few years with regard to stability, seasonal fluctuations and reactions to economic changes. Balance sheet analysis : This involves the evaluation of assets and liabilities, liquidity, as well as depreciation and investments made. BWA detailed analysis : BWAs provide regular insights into the financial situation and can show france phone data how costs are distributed compared to industry standards. Sales-to-cost ratio : Examine how different target groups contribute to sales and evaluate pricing in relation to costs. In which areas can processes be optimized to increase sales? Future forecasting : Based on existing data, make realistic projections for the restaurant's financial future and perform a break-even analysis to find out when it might break even. You need to have a clear overview of the financial obligations you will face and how they will develop in the future. For a comprehensive assessment of the business value, including the inventory and, if applicable, the property, you should have a professional appraisal drawn up. Find out more about the most important key figures for the catering industry in our catering blog.

2.agree to take over a restaurant and pay a transfer fee, you should definitely speak to the landlord. Clarify whether you can take over the rental or lease agreement and whether the previous conditions and terms will remain the same. You also need an overview of how many employees work in the restaurant and what their employment contracts and salaries are like. This is because you usually have to take over employment contracts when you take over a restaurant . Therefore, find out whether there are fixed-term employment contracts and how long they will run for. It is also important to know how much vacation and overtime employees still have and whether there are additional agreements on company pension plans. If there are contracts with delivery companies , such as a brewery contract , ask for these documents as well. Check the terms and conditions for market conformity and flexibility. Pay attention to possible exclusivity agreements that could limit the choice of delivery companies and find out about notice periods and options for adjusting or renewing the contracts. Obtain inspection reports from the Food Authority to ensure that the restaurant meets all safety and hygiene standards.