5 Ways To Increase Your Restaurant’s Profit

Lines out the door do not mean money in the bank, and I learned that the hard way. You can have great food, great reviews and a great team - and still close the month with zero cash flow. In this episode I show you why, and I share the formula that changes it. I’m sharing the biggest secrets I’ve learned after reviewing hundreds of restaurant P&L statements every single month - along with the 3 key numbers I check first that reveal whether your restaurant has a sales problem or a cost problem. We also cover the rent percentage test, the real net profit target you should aim for, and the five tactics my clients use to get there. I share real client numbers too, including one seafood restaurant that doubled its bottom line without adding much revenue. If your restaurant is busy but your bank account is not, this episode gives you the numbers to fix it. Grab a calculator, pull up your P&L, and hit play. 00:00:00 Intro 00:00:45 You Are The System 00:04:45 Successful Restaurant, Failing Business 00:07:53 The 60% Prime Cost Lie 00:10:45 The Rent Percentage Test 00:15:30 Cut Costs Or Grow Sales 00:19:03 Break Even Profit Stacking 00:25:54 What Good Looks Like 00:30:25 Measure Every Single Week 00:34:25 Check Your Competitors' Prices 00:39:25 Upsells And Frequency Offers - ✅Tools For Restaurant Owners✅ Claim your FREE Restaurant Weekly Financial Tracker to uncover thousands in hidden profits and optimize your costs (in less time than it takes to finish your morning coffee): https://ghl.ownershifttraining.com/we... - ✅About Us✅ The Restaurant Growth Accelerator Podcast is hosted by Andrew Scott - founder of OwnerShift Training. Andrew Scott successfully scaled his restaurant business to 4 locations while working a handful of hours each week. He’s since helped over 1,000 restaurant owners increase their sales, profits, and free time - and he’d love to help you too. ✅For Restaurant Owners✅ Interested in growing your restaurant business while working less? Book your free assessment call: 👉https://meetings.hubspot.com/andrew24... ✅Connect With Us✅   / multiunitempirebuilders     / andrewrichardscott   https://www.ownershifttraining.com