How to Read a Restaurant Profit Loss Statement
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- čas přidán 27. 10. 2016
- This template is no longer available. You can get the NEW template here though: www.barpatrol.net/resources/
If you're not quite sure how to read or set up your own profit loss statement, I show you the step-by-step process right here and even give you the template in this video for free. - Jak na to + styl
![How to Read a Restaurant Profit Loss Statement [With Template]](http://i.ytimg.com/vi/BSeCNua9T-s/mqdefault.jpg)
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Hi Dave, thanks for the video
Great video!
Hi Dave, your profit and loss statement is way different then the one i did learned from a school they do business diploma, however they did cover loans and bank too and other expenses that u didnt cover ,is if quiet different from the way they are doing it ?
Thank you for the info.
Thank you Dave.
Hi, how do you get the net profit? And what you do to get the percentage?
Hey dave how do you calculate the COGS if you order bulk of food or things from the vendor and rest of those food and things go as an inventories instead of getting used?
Beginning inventory-ending inventory +cos/food rev=cog
Thanks Dave !
Wonderful ❤️
Hey Dave, still love your videos so much!
I'm a bit lost in terminology/vocabulary here about expenses/costs.
Would you say that? :
Fixed = non-controlable
Variable = controlable
Thanks a lot!
Hi Adrien, yes, that is correct. In general, most fixed costs are considered non-controllable and variable costs would be controllable.
Great Job , Dave ...Move the needle,. I LIKE IT! Could you send me a copy of the temple? thank you!
Hi Moises, up in the video description I have a link to this profit/loss template, as well as a link to the modern, updated profit/loss template that we now use. You're welcome to check out either or both. Cheers.
How can I identify the Cost of Good Sold of the sales?
How do you calculatd cogs
thanks Dave it really heapfull
Happy to help, Henry
Hi sir .. really helpful but will it be possible to have the templates?
Hello everyone. Besides the comments on here, I've received more than 100 emails from managers asking for the P & L template in this video, so instead of sending it out individually, I've created a link to it on the resource page at the Bar Patrol Website. Here is the link where you can download the P & L, as well as other resources to help you out:
www.barpatrol.net/resources
Cheers,
Dave
Hi, how did you calculate the percentage of sales on each column
My question too, but let me check first of the given icon of the MSO, like you sum the numbers.
Hi Dave, can I have a soft copy of yout excel monitoring? Thank you
Hi Shane, thanks for the message. I no longer have this template available, as I've created a far more effective and powerful one which you can find here if you're interested: www.barpatrol.net/resources/
Hope it helps. Make a million.
Hi Dave,
Thx for sharing video, though it will be good for new beginners like me to guide us on thumb rule for restaurant cost. i do understand it varies from one region to other but still it will be helpful
Likewise What shall be the percentage of following in a restaurant:
1). Rent / Occupancy (10 % of the total Sales)
2). Labour Cost
3). Running / Operation cost etc
Please do add if i missed anything.
Regards
Taimoor
Hi Taimoor, thanks for the message. If you go to the Bar Patrol resource page, you can find an industry standards guide which should help answer this question. Go to this link: barpatrol.net/resources
@@DaveAllredTheRealBarman hi. How do I calculate a depreciation?
Hi Dave, I wold love to have the P&L template you're using in the video. Via email?
Hi Chris, sorry I missed your message. Got too busy. Yes, send me an email at dave@therealbarman.com and I'd be happy to send you the materials. Thanks.
Very helpful p & l .sir
Hi Dave, may I also have a template?
Hi Stanislav, yes, send me an email at dave@therealbarman.com and I'll send it right over.
Hey Dave can you please send your email again cuz I need it for the profit and loss the email that I seen on your comments is not going through
Hi Jabriel. Sure, just head to the Bar Patrol website resources page and you can download it it there.
www.barpatrol.net/resources
Hope it helps.
Dave, where do you get your info on all of these industry standards? Are the figures you use in the video legitimate industry standards or ones that you just made up for the sake of the video?
What's up Dizzle? The figures in the video are very legitimate. However, they are industry standard averages, which means as we all know, not every bar/restaurant (or any business for that matter) is the same and so many factors will cause these numbers to vary. With that said, these are the general benchmarks you should use to determine how close or far off your numbers are in your business so you can adjust. Hope that helps.
It helps a little. I guess my closing question would be where does one look up the info for these figures? In my classes the instructors are constantly saying "industry standards" but no one mentions where we can find the information ourselves to insure our figures are in the ball park of those "industry standards"
It's a fair question, and I can't answer where you might find a "master sheet" with industry averages. There are different websites offering this information. My information is based off the hundreds of bars & restaurants I've worked with, as well as education I've picked up over the years, so mine is based off of personal experience, not from a master source.
Hi Dave I sent you and email already and found the video really helpful! Could you send me a copy of the template? Thanks!!
Hi Jason, will you send me another email? I'm not sure which one is yours. Happy to send you the materials.
You already sent it!!! Thanks again so much!!
Can you email me the profit and loss spreadsheet. Thanks
Hi Annette. I don't see an email to send it to but you can go to the resource page on Bar Patrol and download it from there: www.barpatrol.net/resources.
Hope that helps.
goetz@ccofdecatur.com
I have something that worries me. After all that work your bar only gets 3.000$ of profit? That's what you earn as a owner and leader of such a business? Please answer because I dont know if that make the effort worth it
Hi Jesus. Yes, the average net profit before taxes is 3 - 6%.