Boost Your Restaurant's Profits with Key Performance Indicators! #Profits #KPIs #BusinessMetrics

10 Oct 2023 · 0 min

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Donald Burns (YouTube, Oct 10, 2023) argues that while many KPIs exist, seven KPIs are the most critical for restaurant profitability: prime cost; guest check (average check); average ref pass; discounts and comps; employee turnover; profitability; and cash flow. He also emphasizes two essential financial tools to manage profitability daily: the profit & loss (P&L) statement and budgets.

KPIs or key performance indicators drive profit. Probably around 40 KPIs that you could look at. In the restaurant world, there's only seven that really, really matter. That's prime cost, guest check, average ref pass, discounts and comps, employee turnover, profitability and cash flow. And you're also going to need a few key financial tools to fight for profitability. Your P L, your profit loss statement and your budgets. They become your engine and steering wheel that you refer to daily.