Introducing the Restaurant Prime Costs P&L Tool.
Give you a comprehensive view of your business in real time.
Track Cash expected against Deposits to determine Cash Over / Short
This tool provides the opportunities to check expected cash against deposits and helps you easily identify credit card sales and check bank statements daily. If you check your bank transaction history daily, you will ensure your hard earned revenue lands in the bank (and notice quickly when it doesn’t).
If you populate Last Year's (LY) Sales, you will understand Comp Sales and whether your business is trending favorably
By using this tool, within 3-6 months you can improve Revenue and Profitability with more responsible purchasing and better deployment of Labor
What's the time commitment?
Initial set up time commitment is approximately 3-5 hours for up to a $5MM Annual Revenue business.
Setup for a new month takes approximately 30-60 minutes to populate.
Once fully populated, 1 hour a week, or 8-10 minutes per day can keep this file updated.
We encourage you to start every day with 10 minutes to update this file. You can log your invoices and populate your daily sales so you always know what's happening in your business.
If you want to maximize profitability, this tool can help you identify all the ways you are leaving money on the table. Don't forget that saving 3-5% in COGS spend can translate to $15-25K/year savings in a $10K/week business!
Get started today!
*We strongly recommend you download and implement the other Tools to be more strategic about your COGS management - which is almost always the largest line item expense and where you can find the most opportunities to improve profitability. Just sayin’ 🙂 We want you to win!!