The Numbers Every Restaurant Owner Should Track
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The Numbers Every Restaurant Owner Should Track
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About this listen
Mastering Restaurant Finances: Essential Metrics for Success In this episode of Table 13, host Susan Tung dives into the essential financial metrics that independent restaurant owners need to understand to ensure their business's success. Susan shares her personal story of overcoming financial challenges by focusing on key numbers and offers actionable advice on managing rent costs, prime costs, average ticket size, and sales per labor hour. She emphasizes the importance of making decisions based on facts rather than emotions and invites listeners to join the Thirteen Club, a supportive online community for restaurant owners. 00:00 Introduction to Table Thirteen 00:16 The Importance of Knowing Your Numbers 01:58 Rent: Keeping It Under Control 02:46 Understanding Prime Costs 04:13 Balancing Labor and Food Costs 04:48 Boosting Revenue with Average Ticket Size 05:24 Sales Per Labor Hour: Efficiency Matters 06:24 Wrapping Up and Community Invitation Connect with us: Join the Thirteen Club Follow us on Instagram