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re: About how much does a restaurant make off a $20 meal?
Posted on 8/10/14 at 6:38 pm to ReauxlTide222
Posted on 8/10/14 at 6:38 pm to ReauxlTide222
not much, if opening a real money maker, I think a cheap place, managed well is the way to go.
When you have the big bucks, then try that fancy place, if it fails, what the hell..
When you have the big bucks, then try that fancy place, if it fails, what the hell..
Posted on 8/10/14 at 6:39 pm to LucasP
The food snob room is down the hall, turn right, third door on the left
Posted on 8/10/14 at 6:42 pm to wish i was tebow
quote:
Drink profits are insane
Profit margins on drinks are way up there.
That large coke you just bought? Costs a few pennies for the establishment to provide. You pay a few dollars for it. It's why upsizing a drink is just .25, the extra cost is essentially nothing so it's purely profit padding to up sell.
Posted on 8/10/14 at 6:51 pm to ReauxlTide222
I know I'll get a bunch of OT bullshite but I'll answer this for those who are curious. My average profit is $1.07 per guest. Now the first thing some will say is because I work at a trashy restaurant that isn't worth a shite. Click on the next thread please. There are a lot of other costs associated with running a restaurant. It's not food, labor, and utilities. My store is extremely efficient when it comes to food and labor. Restaurants do shoot for the 30% mark and I average a 27%. The labor mark is usually 14% and I'll run an 11-12%. What's making margins shrink are things like workman's comp, liability, and unemployment. Now the one thing that is starting to erode my profit margin are the guests themselves. The demands of the market are lowering profit margins and raising the amount of time you sit there waiting for your food. I've been tracking the amount of what constitutes special order for us. These usually cause us to use extra product in an effort to satisfy the guest. They also creates more steps in making an order and longer ticket times. That's a different story though.
Posted on 8/10/14 at 6:56 pm to jmarto1
I'm sure glad I'm in the boiling crawfish business and not the full service restaurant business
Posted on 8/10/14 at 6:58 pm to yellowfin
It's rough. A lot of moving parts and you have to rely on employees that are notoriously unreliable. I've said for a long time that bad service usually starts in the home.
Posted on 8/10/14 at 7:01 pm to LucasP
quote:
No they're not restaurants, and I wish people like you would spend their ebt credits on something other than poboys and forties. Some of us pay for that through taxes.
You buried the punchline. You should have led with this.
Posted on 8/10/14 at 7:09 pm to Rouge
quote:
but margins on drinks are insane
It's where the money is made. Same as on cruise ships.
Posted on 8/10/14 at 7:25 pm to Fewer Kilometers
quote:
You buried the punchline. You should have led with this.
I don't take criticism very well. You sir, just made a nemesis.
Posted on 8/10/14 at 7:27 pm to GynoSandberg
quote:
Yep, places like mcdonalds and taco bell make most of their profit from drinks.
Naw
Drink profits are the highest percentage wise but they make plenty off of burgers. A burger they sell for $2.00 probably cost them .65 to put together.
Posted on 8/10/14 at 7:29 pm to Kafka
quote:
The hamburgers are just to get you in the door
Nope
Posted on 8/10/14 at 7:36 pm to stout
Could you interpret that chart that for me? Some items are apparently priced by the single, while others it sweems are by the serving.
And it gives Chicken patty as .66 and french fries as 3.44.
And it gives Chicken patty as .66 and french fries as 3.44.
Posted on 8/10/14 at 7:41 pm to Kafka
I am guessing the fries are priced by the bag.
Posted on 8/10/14 at 7:42 pm to Kafka
The fries should be per bag at that price. Everything seems to be per unit. The packaged product part is per. I've gone over something like this when my girls drop straws and wet naps on the floor.
Posted on 8/10/14 at 7:54 pm to jmarto1
so how big is a bag of fries at a cost of $3.44?
Posted on 8/10/14 at 7:59 pm to LucasP
I didn't realize so many pokes with shitty taste were in the OT
Posted on 8/10/14 at 8:18 pm to Kafka
quote:
so how big is a bag of fries at a cost of $3.44?
The ones I used to buy at my gas station were 5 lb bags IIRC
Posted on 8/10/14 at 8:22 pm to jmarto1
Jmarto knows restaurants. At the end of the month, if 5% of gross sales ends up being profit, it was a pretty decent month. People not on the ownership side of a restaurant have no idea how easily food costs can screw you if you're not on top of it.
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