Mario Villegas Seattle - The first phase, and one of the most critical, is to create a capital budget for your project. The "capital budget" is a thorough schedule showing all the various expenses, construction, startup and preopening charges required to get the restaurant open for business.Effectively identifying and assessing the costs of the project at this step is totally crucial. Numerous restaurant experts claim the No. 1 reason for restaurant disaster is under capitalization, running out of capital before operating activities have a chance to generate positive cash flow to sustain the business. Below are the major categories of the capital budget:
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Mario Villegas Seattle -Today’s weather issues, transportation costs, and the continuing rise in the suppliers’ costs of doing business are precipitating increased costs of raw products to restaurants. It is now even more important to be more efficient with one’s food costs. There is not much margin for error or guesswork in the major item on one’s operating statement. I find it interesting that, over all of the years of doing food costing and with all of the tools I’ve used or seen being used, that controlling food costs boils down to just a few small pointers: 1. Vendor Support: It is important for you and your vendors to ensure the specifications of all of the products that fit your concept. The vendor can assist you in adjusting specs to gain better costs without giving up anything on the quality side. Mario Villegas - Choosing a point of sale system isn't just an important decision, it is a CRITICALLY important decision. Probably one of the biggest you make as a restaurant operator. The right POS system can literally transform your operation by improving controls, efficiency, decision-making and even sales volume. If properly chosen, a POS can pay for itself in a matter of months. However, choosing the wrong POS can become your worst nightmare. The following steps are designed to help increase your odds of choosing the right and most appropriate POS system for YOUR restaurant. |
Mario Villegas
Mario Villegas Seattle is an experienced management consultant, presently serving as the President at Twilium Management Group. Mario Villegas has a successful track record for determining operational inefficiencies and leveraging analytical thinking to flawlessly integrate latest processes, procedures and strategies that impact the bottom line. Archives
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