What is covered in a restaurant capital budget. What should you look for in restaurant financial proposals given to you.
Restaurant Financial Control
You’re In Trouble with the Absence of Restaurant Financial Control
A robust control system is a critical success factor for any restaurants. The article highlights areas of concerns 1. No structure profit and loss statement 2. In ability to read one 3. No financial forecasting 4. No standard recipes 5. No measure of variance. 6. No inventories 7. No revenue control, system 8. No […]
Restaurant Revenue Forecast -Monthly Moving Total
Restaurant revenue forecast by daily forecasting of your sales and profitability can be done by using MMT ( Moving Monthly Total). The benefit of using this technique is that it is predictive in nature. It can allow you to know on a daily basis as to where you are headed and allow for interim correction. […]