How to Read a Restaurant Profit Loss Statement

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.

[MrVibesGod]

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!

[explorpakistan]

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

[moisesalvarado]

Great Job, Dave ...Move the needle, . I LIKE IT! Could you send me a copy of the temple? thank you!

[DaveAllredTheRealBarman]

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:


Cheers,
Dave

[courageous_tin]

How can I identify the Cost of Good Sold of the sales?

[jdee]

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 ?

[rozierozie]

Hi, how do you get the net profit? And what you do to get the percentage?

[threetimes]

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?

[GzusRm]

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

[shanewest]

Hi Dave, can I have a soft copy of yout excel monitoring? Thank you

[cuteblacky]

Hi, how did you calculate the percentage of sales on each column

[Dizzle]

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?

[jasondodson]

Hi Dave I sent you and email already and found the video really helpful! Could you send me a copy of the template? Thanks!!

[chrisogilvie]

Hi Dave, I wold love to have the P&L template you're using in the video. Via email?

[annettegoetz]

Can you email me the profit and loss spreadsheet. Thanks

[jabrielshaheed]

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