RE: How profitable are restaurants??
Your restaurant can make as much money as you want. In a 90-seat restaurant we would rake in $11,000 in sales every day. The wait staff made good money, I, as the chef, made a fabulous salary, my staff was well paid. Keep your food cost to about 30% work long hours and cut your labor cost. Have bartenders you can trust. Serve excellent food. DO A MONTHLY INVENTORY! We were just talking about this the other day......how do you know where you stand financially if you don't weigh every piece of meat in the walk-in, every hunk of cheese, count all the produce, go into the freezer and count, go behind the bar and count all the little cans of pineapple juice, the tomato juice, the orange juice, the limes and lemons and oranges, etc. count the bread and pastries, the Tabascos and the L&Ps and the A-1s and all the ketchups. It's a ROYAL pain BUT it HAS to be done.