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Finance & Growth
Anticipating the Unemployment Punch
With pizzerias forced to lay off staff amid COVID-19, employer tax rates likely to jump Over a three-week run spanning mid-March to early April, nearly 17 million Americans filed for unemployment – and it’s no secret the restaurant industry, home...
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Finance & Growth
Mike’s Monthly Tip: Think big picture to prosper
Penny Wise, Pound Foolish My grandpa would analyze the price of a can of soup down to the penny. He would then compare cans and shave off two cents between brands. I think that’s what comes from being raised during The Depression. The irony is he w...
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Finance & Growth
Building Blocks: How to Open a Pizzeria ASAP
You in a hurry? Then get going! The mission to create your new pizza shop is still in its infancy, but it’s about to take its first steps. You’ve found the right deal on a new building and used little to no money to buy it. Now, it’s pretty sim...
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Finance & Growth
Building Blocks: Buying a Restaurant with Zip and Zilch
Pop quiz: What’s the first step to opening a new store? If you read Volume 1 in this series, you know it’s all about securing the right deal for the new location. You’ll also know the first two components to this are finding a restaurant owner ...
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Finance & Growth
The Right and Wrong Ways to Reduce Costs
Lean and Mean — Ways to Reduce Costs Times will get tough. When your bank account is dwindling because revenue has decreased, the next task becomes cutting costs. It’s a decision riddled with failure points. The goal is to cut costs without s...
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Finance & Growth
Building Blocks: So, You Want to Open a New Store?
Here’s the ‘Deal’ Welcome to a new monthly column meant to walk you through the process of opening a new store, from bright idea to grand opening. Pretty soon, I’ll have done this six times in eight years — even if I can’t say I’ve done...
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Finance & Growth
Bar Design: The Pizzeria Bar
Great bar design mixes form and function Beautiful aesthetics have a very short shelf life, especially when it comes to the design of your bar. Complicated layouts, distracting elements, unorganized clutter or tight quarters will deter your customers...
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Finance & Growth
Understanding Cheese Prices: A Case for Queso
A guide to understanding cheese prices Cheese. What’s pizza without it? Thirty-three percent less food cost for one thing. A pizzeria has two prime costs that must be controlled every day — labor cost and food cost. You probably understand the im...
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Finance & Growth
Taking stock of third-party delivery contracts
Read carefully before signing on the dotted line Amid a mounting driver shortage and an increasingly competitive landscape, Papa John’s – that industry behemoth that long enjoyed a seemingly endless army of delivery drivers – has done what some...
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Finance & Growth
Retirement Planning: Walking into the Sunset
Retirement requires setting a plan, saving and installing systems that promote growth Though most pizzeria owners hope they can at some point retire and soar into their golden years, many will remain grounded by the realities of funding a stable, com...
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Finance & Growth
Labor Pains
How operators can address rising labor costs Up, up and away. On July 1, 22 states and cities across the U.S. raised their minimum wages. New Jersey’s minimum wage soared from $8.85 an hour to $10. Chicago jumped from $12 to $13 and San Francisco c...
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Finance & Growth
Man on the Street: Frozen Assets
Frozen Pizza Goes Local “To know your enemy, you must become your enemy.” Legendary Chinese military leader Sun Tzu doesn’t get quoted in a lot of pizza industry publications, but it’s entirely relevant given a trend I’ve noticed recently. ...