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- 1. Consider used restaurant equipment
If you are opening a new restaurant or looking to replace existing restaurant equipment don’t overlook used restaurant equipment. You can find many gently used pieces of restaurant equipment for pennies on the dollar. As I like to say new is nice, but always necessary.
2. Decide if a POS system is better than a cash register
If you are thinking of opening a new restaurant, I strongly urge you to invest in a POS System. Unlike a standard cash register which just tracks sales, a POS (Point of Sale) System can track sales, menu items, act as a time clock for employees and even help take reservations. A POS system will cost more than a cash register, but if used to its full potential, it will more than pay for itself in the long run.