Food Business Restaurant Financial Statement Sample
It will show good years bad years and the rate of growth or loss over the life of the business.
Food business restaurant financial statement sample. Your expenses are split into two categories. P l statement also enables you to calculate food cost percentage gross profit and net profit or loss. Restaurant business plan template financial modeling spreadsheets v3 1. Simply put a restaurant financial plan is a type of evaluation of the current and future finances for a restaurant company.
For a restaurant it means recording your food and drink sales along with all the expenses that come with running the restaurant. This is the set of linked restaurant business plan template spreadsheets that are used to generate the restaurant modeling reports. These metrics can be calculated from your sales cogs and costs and they allow you to fully understand your restaurant s financial state. This will show the restaurant s financial health over the years.
An income statement is a record of the money that comes in and the money that goes out. Use data for the whole year as the reporting period. Eventually you will also create financial statements comparing data from multiple years. The restaurant income statement not only measures income but it is also a great tool for managing the business.
They were created using ms excel while building a restaurant business plan for a medium size full service operation.