Presented by: SynergySuite, Restaurant Management SoftwareIf you're an operator serious about making more money, you and your managers need to know how your biggest, most volatile costs are running as frequently as possible to prevent any loss of profit.
Many operators will prepare a weekly P&L report, but by the time you gather the data and identify the issues you're halfway through the following week. By having a daily report of sales and prime costs when something is out of line, you and your managers can immediately react, cut losses and get the problem resolved. Performing this investigation on a daily basis is far easier than you think. Prime Costs = cost of sales (food & beverages) + all payroll related costs It usually runs 60-65% of total sales in a full-service restaurant and 55-60% in a quick service restaurant. Instead of managers chasing this data, a full-featured cloud-based restaurant management system can send sales and cost information directly to unit-level managers and above-restaurant managers, improving their capability to act now and improve the bottom line. |
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