turn over$256,000
labour $45,000
food cost 22%
oerhead 18%
rental ofkitchen 21%
can you see what's happening from that?
2007-03-10 13:21:03 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
is this per month or year or what?
Is the food/overhead/rental percentages before of after labor?
Kitchen rental as a percentage of sales seems strange, one would think it would be a fixed monthly amount.
Gross income?
1 Fixed costs? (same every month, rent, loans, etc)
2 Semi-variable costs? (same every month but would increase if business volume raises over a certain amount. electricity, labor to cover all hours but if you got too busy you might have to add a person or pay for some overtime.)
3 Variable costs? (all the unexpected stuff, food ,etc.)
need more data.
seems like you need to follow the 20/80 rule, 20% of your customers generate 80% of you income. up sell them, more money per ticket(sale) is better than more tickets(sales). A few more customers are always nice but if they exceed the ability of your staff then the cost of another employee may negate any gains. So up-sell the customers you have! Spend 80% of your marketing budget retaining, bringing up the average ticket price and the frequency of purchases from the customers you already have. then use the remaining 20% trying to generate new ones.
2007-03-10 14:39:38 · answer #1 · answered by hogie0101 4 · 0⤊ 0⤋
I would start with a company retirement plan if you qualify. If the company matches, invest up to that point where they stop matching. Then I would open a Roth IRA (current limit is $4K). Should you still have extra money you want to invest and want to play it safe, invest it with an online bank (i.e. INGdirect.com, HSBCdirect.com, etc) that typically offers higher rate of return than a brick-and-mortar bank (i.e. Bank of America, local credit unions).
2007-03-10 13:44:43 · answer #2 · answered by Michael C 1 · 0⤊ 0⤋
YOU'RE MAKING 55 GRAND. 10 GRAND OVER LABOR COST WOW.. NOT BAD...OVERHEAD 18% ONLY CHANCE TO CUT AND NOT MUCH YOU CAN GLEAN FROM THAT...
ADVERTISE TO INCREASE SALES-- KEEPS LABOR COST SAME-RENTAL SAME-OVERHEAD CLOSE TO SAME-AND YOU MAKE A HUGE INCREASE IN YOUR NET....
WAH--LA
2007-03-10 13:34:17 · answer #3 · answered by cork 7 · 0⤊ 0⤋
you better invest in other business that is low cost but high in profit
2007-03-10 14:12:31 · answer #4 · answered by gumy bear 3 · 0⤊ 0⤋
no I can't
stop eating and live in the dark
2007-03-10 13:29:11 · answer #5 · answered by Anonymous · 0⤊ 0⤋