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Daily/Weekly Controls
that
instantly
increase
your restaurant's
profits
How to Analyze a
Restaurant
Financial Statement
Do you ever
wonder how your Profit & Loss Statement compares to other like
restaurants? We will show you how to set up your P&L to follow the
Uniform System of Accounts. Then we will provide you with a wealth
of benchmarks to help you analyze your P&L or your clients’ P&Ls.
Find out if your problem is sales, cost of goods sold, labor, or
overhead using our quick analysis techniques.
Setting Up Daily and Weekly
Controls for Instant Information
This session will provide a quick Weekly Profit & Loss
Statement that the restaurant staff can easily calculate. We
will give you a checklist of information that all the highly
successful restaurants look at every day.
Purchasing and Receiving
There is money to be made in purchasing. We discuss
how to shop to keep your vendors’ prices competitive. We examine why
the highly profitable restaurants always check weights, quality and
prices, and how you can quickly determine the ideal inventory for
you.
Costing Out the Menu
In this session, you will actually cost out some
menu items. You will learn how to handle shrinkage, and when to cut
your own meat. We simplify the process of costing out menu items to
save you time and money.
Pricing the Menu for Profit
Do you have too many items on your menu? Which ones
make the most money? We will show you modern menu engineering
techniques. Eliminate the items on your menu that don’t add to your
profit potential, and price your menu to insure a profit. Update
your menu with suggestions from our experience across the USA for
which new menu items sell the best.
Which of the following items would you rather sell?
|
|
Sales Price |
Cost |
Cost % |
|
Hamburger |
$ 5.95 |
$ 1.98 |
33.3 |
|
Prime Rib Dinner |
13.95 |
5.74 |
41.1 |
We will discuss gross profit, food cost percentage, and the newer
value meals used in full service.
***Learn how to change menu prices to reflect
minimum wage increases***
Controlling Labor Costs
Many restaurants find that labor cost is the most
difficult to control. We will show you how to reduce labor cost
using blind staffing techniques. We will show you the programs
highly successful restaurants use to inspire employees and reduce
turnover. In addition, learn one bonus method that will always
reduce labor cost percent.
Point of Sale Selection and Computers
How do you know which point of sale system is best
for you? Where do smaller restaurants find less expensive equipment?
How can they use spread sheet programs? How do you best set up
QuickBooks for the restaurant?
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Incentive Programs that Empower Employees
This session focuses on developing incentive programs
for servers, kitchen staff and managers. The best management and
incentive programs are directly related to items that the managers can
control. Our simple incentive plan based on profit after prime cost can
be implemented in the smallest or the largest restaurant.
Tip
Reporting and Unique Restaurant Tax Deductions
Some of the many ideas we cover in this section include:
-
How to protect your restaurant from tip reporting
liabilities.
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How to explain the tip laws to restaurant employees
and managers.
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When to sign up for a tip reporting agreement.
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Three little known tax deductions and two credits
that some accountants don't know.
We will discuss what areas the IRS is auditing now, and
how to protect yourself from tip audits.
Financial Analysis of Marketing Programs
We will show you how to financially analyze programs that
are designed to fill empty seats. Included are 2 for 1 coupons, value added
meals, and discounts for senior citizens and children. Plus, how to
add banquet and take out sales to increase your profits.
Restaurant Valuation
** A quick way to determine a restaurant's value.
** Sources of information for the restaurant valuator.
** For the experienced valuator, learn how the
independent restaurant is different from many other businesses.
Controlling the Bar
Do you know if your bartender is stealing? We will
show you how to use multiple techniques, including inventory
controls, spotters and recipe files to find out. Anti-theft
techniques examined will include overhead cameras, improved point of
sale systems, special profit & loss statements, and more. We will
provide you with standard benchmarks for liquor, beer and wine.

Restaurant Seminar
Institute, Inc., is registered with the National
Association of State Boards of Accountancy (NASBA), as a
sponsor of continuing professional education on the
National Registry of CPE Sponsors. State boards of
accountancy have final authority on the acceptance of
individual
courses for CPE credit. Complaints regarding registered
sponsors may be addressed to the National Registry of
CPE Sponsors, 150 Fourth Avenue North, Suite 700,
Nashville, TN, 37219-2417. Web site:
www.nasba.org
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