What are restaurant sales?
Restaurant sales refers to all revenue generated by food sales, beverage sales, merchandise, online orders, phone orders, gift cards, consumer packaged goods, and more.
What is the average sales of a restaurant?
Like everything in the restaurant industry, average restaurant sales vary widely across restaurant types, regions, sizes, and service models.
Read this article for a closer look at average restaurant revenue, then check out this article to learn about restaurant profit margin averages so you can see how you stack up.
How do you calculate restaurant sales?
To keep your business afloat and to make sure it’s not just surviving but thriving, you’ve got to do periodic financial health checkups. And the more often you do these checkups, the better.
Many businesses do them quarterly, but doing them monthly, bi-weekly, or weekly will help you get ahead of problems before they grow.
To do a proper restaurant financial checkup, you’ll need to calculate a number of metrics and KPIs based on the data available from the sales report in your restaurant point of sale system.
The Guide to Restaurant Sales has a full section devoted to helping you understand how to analyze your restaurant’s financial health.
How do you build sales in a restaurant?
Restaurant sales can be unpredictable, fluctuating depending upon factors like seasonality, competition, the economy, and many more.
But there are specific ways you can effectively boost restaurant sales, from tried-and-true techniques to more innovative approaches. The Guide to Restaurant Sales covers some of these tactics.
Get the Guide to Restaurant Sales
Deciding to shake things up in your restaurant operations to improve your sales can be daunting, but if you go in with a well-thought-out plan, it can make all the difference.
Download the Guide to Restaurant Sales to learn how to get an understanding of your business’s financial health. You’ll then learn specific ways you can effectively boost restaurant sales and how to measure the success of your initiatives.
DISCLAIMER: This content is provided for informational purposes only and is not intended as legal, accounting, tax, HR, or other professional advice. You are responsible for your own compliance with laws and regulations. You should contact your attorney or other relevant advisor for advice specific to your circumstances.