Food for Thought: Understanding Restaurant Financials

Webinar Course Description

Do you know how to read and interpret the financial information for your restaurant? For the new owner/operator to the seasoned manager looking to broaden their skill set, this webinar is designed to help you discover the value in your financial package. Meaningful data can lead to discovery and solutions to improve your bottom line. Did you know that you can double your annual profit from 4% to 8% by serving 10 more guests per day? How about saving $100,000 per year by having your employees come in 25 minutes later? These are just a few of the discoveries you can make by truly understanding your financials. This webinar will give you an overview of restaurant finance best practices & solutions. It will clarify many confusing areas of reading financial statements. And we will discuss how to implement solutions to increase your profitability using key performance indicators and analysis to help avoid loses.

Objectives

• Financial reporting best practices
• Understanding your operation
• Reading your financial statements
• Cost of goods
• Cost of labor
• Gross & direct profits
• Direct operating costs
• Occupancy expense
• Profitability
• Benchmarking
• Key performance indicators
• Break even analysis
• The balance sheet
• Cash flow

   

Speaker

Marc Cohen
Restaurant Operations Manager
» Biography

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