Mark Wilson

Mark Wilson

Hospitality Finance Expert

Mark Wilson's extensive career includes serving as the Chief Financial Officer of a prominent restaurant group. His financial acumen is unmatched, and he excels in cash flow management, accounting, and taxation strategies tailored to the hospitality sector. Mark's articles offer invaluable financial guidance to businesses seeking to maintain fiscal health and navigate the complexities of taxation.

More from that author

8 minutes read

Is It acceptable for restaurants in 2023 to not offer credit card payment options to diners?

I recently had an experience that left me astonished. While traveling through Germany (using EUR) on my way to another Swiss city (CHF), I stopped at a restaurant. A sign at the entrance read, "No credit card accepted. Thanks for your understandin

ByMark Wilson
11 Oct 2023
4 minutues read

Unlocking the Secrets of Restaurant Profit Margins: A Comprehensive Guide

In the bustling world of dining, many aspiring entrepreneurs dream of opening a restaurant. Yet, behind the scenes of sumptuous meals and satisfied customers lies a complex financial landscape. One of the most critical metrics for any business, an

ByMark Wilson
03 Sep 2023
10 minutues read

How Much Does a Food Truck Cost: A Comprehensive Guide for Entrepreneurs

The food truck industry has witnessed a remarkable surge in popularity in recent years, offering a fantastic opportunity for aspiring entrepreneurs to turn their culinary passions into a thriving business. However, like any venture, starting a fo

ByMark Wilson
31 Jul 2023
4 minutues read

The Advantages and Disadvantages of Owning a Restaurant Franchise

Welcome to our comprehensive guide on the pros and cons of owning a restaurant franchise. As industry experts, we understand the importance of making informed decisions when it comes to investing in a business opportunity. In this article, we will

ByMark Wilson
23 May 2023
3 minutues read

Restaurant Prices Outpace Grocery Prices for the First Time since Mid-2021

The recent announcement by the Bureau of Labor Statistics stating that restaurant prices have outpaced grocery prices on a 12-month basis since mid-2021 has come as discouraging news for the restaurant industry. This news poses a challenge for the

ByMark Wilson
13 Apr 2023
5 minutues read

How to successfully secure financing to open your new restaurant

Opening a new restaurant can be an exciting and challenging endeavor. However, one of the biggest hurdles in starting a restaurant is securing financing. In this paper, we will discuss how to successfully secure financing to

ByMark Wilson
06 Apr 2023
3 minutues read

How to develop a successful business plan to open a new restaurant

Opening a new restaurant is an exciting but challenging venture. Developing a business plan is critical to the success of the venture. This paper discusses the process of developing a business plan to open a new restaurant. The paper emphasizes th

ByMark Wilson
04 Apr 2023
7 minutues read

Why Restaurateurs with Food Inventory Management Software are Making It Big in the Industry

Inventory control and food inventory management are key components of overall restaurant management. To keep service running smoothly, proper inventory management is a must in any restaurant, and failing to do so majorly affects the finances of th

ByMark Wilson
24 Jan 2023