Answer these questions to find out what you may be missing.
What does it mean to be profitable? While you can set any goals you want for yourself, ask yourself these questions:
- Is my rent less than 6% of sales?
- Is my prime cost (food and labor) around 60% of sales?
- Are the operating expenses around 54%?
- Is revenue per sq ft over $250 a year?
(If the answer to any of these is “no” or “I don’t know” let’s talk.)