How to Save Money on Licensing Fees in Your Restaurant
This guide provides restaurant owners with strategies to minimize their licensing fees. It includes understanding necessary licenses, staying compliant to avoid fines, and negotiating with licensing bodies.
Understand Required Licenses
Educate yourself on all the licenses required for your restaurant operation. This could include food service, liquor, music, and outdoor seating licenses. Ensure that you only pay for the licenses you need.
Stay Compliant
Follow all regulations associated with your licenses to avoid fines and penalties. Regularly check for updates to regulations to ensure ongoing compliance.
Submit Applications On Time
Submit all licensing applications and renewals on time to avoid late fees. Set reminders or use a calendar to track all important deadlines.
Negotiate Where Possible
While many licensing fees are fixed, there may be opportunities to negotiate. For example, if your restaurant's music is low volume or you're not using top hits, you might negotiate a lower music licensing fee.
Combine Licenses if Possible
In some cases, certain licenses might be combined for a lower overall fee. Check with your local licensing authorities to see if this is an option for you.
Use Professional Assistance
Consider using a lawyer or consultant who specializes in restaurant licensing. They can often help you navigate the licensing process more efficiently, potentially saving you time and money.
Join a Restaurant Association
Joining a local or national restaurant association can sometimes provide access to discounted rates on certain licenses or useful advice on minimizing licensing costs.
