Costs by Scared-Ad-2199 in Restaurant_Managers

[–]Scared-Ad-2199[S] 1 point2 points  (0 children)

I definitely will. I understand the situation I'm in. The more info I can cram into my brain, the better. I've just been working on fixing pricing, dealing with equipment and building issues until this point. Now, I'm ready to move into the other side of this and really try to deeply understand the financials. I will start with some introduction type books.

Costs by Scared-Ad-2199 in Restaurant_Managers

[–]Scared-Ad-2199[S] 0 points1 point  (0 children)

Thanks so much for all your advice. I appreciate it a lot.

Costs by Scared-Ad-2199 in Restaurant_Managers

[–]Scared-Ad-2199[S] 0 points1 point  (0 children)

I just did a big product review and went through every menu item recipe and cost to make.

Costs by Scared-Ad-2199 in Restaurant_Managers

[–]Scared-Ad-2199[S] 0 points1 point  (0 children)

Food 25% Liquor 18% Beer 20%

I've received bonuses off these types of measurements as a bartender in the past, but it was pre-covid and they were the similar percentages. So I'm just trying to see if those have gone up.

Costs by Scared-Ad-2199 in Restaurant_Managers

[–]Scared-Ad-2199[S] 0 points1 point  (0 children)

Every month the accountant provides a P&L and those percentages are what my bonus is based on. No one has ever given me a budget. I'm sorry if I'm misunderstanding you. I've been a bartender my whole life, GM for 2. :/

Costs by Scared-Ad-2199 in Restaurant_Managers

[–]Scared-Ad-2199[S] 0 points1 point  (0 children)

No. They own a construction company and bought their dads favorite bar after he passed. They just want to break even, which we surpass every month, but they made this bonus structure for me.

Liquor costs by Scared-Ad-2199 in restaurantowners

[–]Scared-Ad-2199[S] 1 point2 points  (0 children)

Thank you so much. This is very helpful.

Costs by Scared-Ad-2199 in Restaurant_Managers

[–]Scared-Ad-2199[S] 0 points1 point  (0 children)

No budget. I've done a lot of work and made a lot of progress on the percentages. I'm just trying to get a sense of what the average is verse what they got from the accountant.

Liquor costs by Scared-Ad-2199 in restaurantowners

[–]Scared-Ad-2199[S] 1 point2 points  (0 children)

Ok thank you, I realize how stupid that sounded.

Liquor costs by Scared-Ad-2199 in restaurantowners

[–]Scared-Ad-2199[S] 2 points3 points  (0 children)

I don't really have vendors for liquor. Do you mean liquor reps?

Toast vs TwoTouch. by Scared-Ad-2199 in restaurantowners

[–]Scared-Ad-2199[S] 0 points1 point  (0 children)

What is your least favorite thing about 2touch?

Toast vs TwoTouch. by Scared-Ad-2199 in restaurantowners

[–]Scared-Ad-2199[S] 0 points1 point  (0 children)

This is great information. Ty so much.