6 Restaurant Metrics, Benchmarks and Measurements to Track Profitability
As an independent or multiple restaurant chain owner in New York City (restaurateur) there are certain metrics or key performance indicators (KPIs) that you should be tracking and evaluating over specific periods of time to understand the health of your hospitality business. By regularly calculating financial performance metrics, restaurant managers can find negative trends and […]
Restaurant Profit and Loss Statements: Understanding and Creating Them
Restaurant Profit, Loss, Financial Data What is a Profit & Loss Statement A restaurant profit and loss statement also referred to as a restaurant P&L, shows your business’ costs and revenue (net profit or loss) during a specified period of time. In other words, your P&L functions as a bank statement for your hospitality organization to monitor your […]