Good Restaurant Profit Margin
Understanding your business profitability is not just about ensuring you get the best price for your food. An understanding of how profitable your restaurant is is just as important. After all, if you can't cover your costs, you won't be able to keep the lights on and continue serving hungry patrons. Determining whether you have a healthy profit margin and what that should look like for your business is essential to ensuring that your operation runs efficiently, with reduced risk and a bright future. For owners looking to buy or sell waterfront restaurants for sale, understanding and maintaining a healthy profit margin is crucial This article will discuss a restaurant's profit margin from an operational standpoint and how to determine if you have a healthy business operating at a healthy p...