Restaurant Profit Made Easy

1. Set Goals

FOOD

foodcost

Food costs goal are different for each concept. We help you set goals you should achieve for your concept. By doing so, you will achieve PROFITABILITY!  We also figure in paper and chemical cost which averages 4% for the industry. So we can come up with exactly what it costs you to produce sales.

ALCOHOL

alcohol cost

Setting proper liquor, beer and wine goals for your concept is important to achieve profitability. Alcohol cost goals are also different depending on concept as well as particular beverage mix. Example: nightclubs must run a lower beverage cost percentage than a restaurant to achieve bottom line profitability. Restaurants must have their bars costed correctly to have another profit center for their bottom line.

LABOR

laborLabor goal setting is crucial to the success of a restaurant. Labor must be managed daily. Profit Helpers will help you set and maintain achievable goals weekly. Profit Helpers can help you set sales goals that you have to achieve to make your labor cost percentage. There are only 3 ways to achieve the best labor costs possible in the industry.

  1. Manage the schedule
  2. React to sales
  3. Menu production (to get rid of all the unnecessary labor as possible)

When you schedule unnecessary labor you are also affecting two other areas: higher payroll taxes and higher workers compensation insurance.

OVERHEAD

1-ignited-gas-burning-on-commercial-stove-jeremy-woodhouseOverhead is an important number but not one that can be controlled weekly. Raising sales will leverage this number and it is important to monitor this number monthly at a minimum. Re-evaluating certain things you spend money on within your overhead is important to do at least every six months such as credit card processing, business insurance, natural gas etc. Profit Helpers can do an overhead evaluation for your concept; to see what percentage you are spending in each cost area and compare it to industry averages. This can save you thousands every year.

BUILDING / OCCUPANCY

firehall_building

Building costs are another important number, but like overhead there’s not a lot you cant do to change them outside of increasing sales to leverage them. Profit Helpers evaluates what your lease or mortgage is per month compared to the industry averages. Building costs across the United States averages 7-10% of sales.