Question by wenbin l: Can anyone tell me more about restaurant finance management?
I would like to know more about how to manage the finance, cash flow and other management issues for a restaurant.

Best answer:

Answer by Scott H
Financial management of restaurants varies depending on the type or restaurant. A fast food restaurant will have different targeted goals than a full service restaurant.

If you are looking for targeted numbers for your variable costs such as labor cost, food cost, liquor cost, beer cost, and wine costs you can use a the industry averages of 30%, 31%, 22%, 28%, 35% respectively.

If you are looking for a more extensive look at restaurant financials I would suggest checking out the site http://www.foodandbeverageunderground.com where you can get all the food and beverage knowledge to run a restaurant for free.

Good luck and cheers!

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