How to Read a Restaurant P&L Statement

Restaurant Owners... A great tool for managing your restaurant is a profit and loss statement but solely depending on it to run your business is not ideal. Watch this video as I show you how to use and read a P&L statement for your restaurant.

To learn more please either watch the video above or click the link below to read the transcript or listen to the podcast on my website.

Also, please leave your questions or comments I will answer them all.

WATCH THIS VIDEO ON OUR WEBSITE:

LEARN MORE ABOUT BACON:

DOWNLOAD THE 2017 RESTAURANT PROFIT GUIDE:

FREE RESTAURANT TRAINING TIPS:

MORE FREE RESTAURANT TRAINING TIPS:

SUBSCRIBE:

At The Restaurant Boss, I post weekly training tips for restaurants and bar’s. Tips range from food and labor cost, to restaurant specific marketing and management. I welcome you to check it out and sign up for my FREE video training series.


LET’S CONNECT!

MORE GREAT VIDEOS


Please be sure to like this video and leave your comments or questions below as well as share this video with your friends, co-workers and other restaurant owners, managers and operators. I promise to respond to every comment or question!

Thank you,

Ryan Gromfin
The Restaurant Boss

[EfficientDesi]

Thanks for the video, I am a manager in training of a QSR in India and I think you just solved a puzzle of mine which was bothering me for the past 2 yrs. Again thanks a lot and keep posting productive videos.

[Eagle]

Sir your explanation deserves 1million subscribers. Inshallah you will reach it. Thanks for your wonderful explanation of P&L.

[elizabethatanacio]

I like your explanation and I will use in the business I’m building at the moment and I’m interested in the 90 plan ❤

[michaelbrown]

Thank you so much! This is helping me out a lot! I have worked as a AGM for about 3 years and a GM for about a year. I had to move out of state and while job hunting I always get asked about P&L during interviews and I am always caught with my pants down. I would sit in these meeting with all the corporate managers and go over numbers. Heck I would run these numbers every night. But I have no clue how to answer these interview questions.

[mrockefellermr]

Great job. Very interesting!!! Took copious notes.

[avishekbanerjee]

This video has been a great help you so please kindly answer what ELSE is left in order to get the NET PROFIT await your answer

[Mjjiir]

Fantastic explanation for restaurant p&l . It’s really helpful and many thanks for you

[timothygurung]

i really need this one. thank you explaining everything about it .
love it

[monadawod]

Amazing and simple . I already know p and L but I wanted to refresh my info.. all the best

[gbc.connect]

I NEED THE 90 DAYS PLANNER ALSO THANKS AND GREAT JOB

[mrahman]

Hello, hi, and good morning. May I ask you some questions about the "option of expenses" in P&L? like; 1. daily/monthly payment of "vendors" by cash/cheque, 2. Direct Purchase, 3. "Paid Out" for deposit at bank, 4. Cash loan/IOU some money and return cash loan/IOU many (note: all those are posted in expenses option and how to use in P&L sheet?)

[jmay]

Great stuff. Thank you for sharing. Can you share an example that includes inventory in the P&L?

[myfavoritemovies]

Thank you for the information. Please keep doing this.... thank you so much

[Scorpsfan]

You have helped me SOOOO much. This is the only thing I'm lacking knowledge in

[bfidy]

Anyway we can get access to this particular P and L sheet? Subscribed!

[MahmoudTaha-ldnm]

Thank you so much it was amazing, could I ask for something I need the fourth category more clearly because I didn’t get it or you can write it one by one

[PartyPeopleVEVO]

Amazing content. Thanks Ryan! Now illl be able to make more money

[markoantonio]

Hi Sir. Respect to you. Can you make some videos too of a FOOD COSTING that includes Vat and Service Charge. Simplified and easy to understand. Thank you

[oscarelvale]

This is really good help resource
Blessings to you buddy.🙏🏽

[sibeshiko]

Thank you so much, all of your video and pieces of information is very helpful on my part, I work in a restaurant for almost 30 years in my native land. As of now, I'm staying here in the US and still waiting for the approval of the required documents to be able to work. I hope it will be approved soon and i get a job to support my family as well as my everyday needs.