#56: What Are Some General Targets for a Restaurant Budget?

October 4, 2022 by David Scott Peters

If I’ve said it once, I’ve said it 1 million times: the two most important systems any restaurant should have are budgets and recipe costing cards.

In this episode of my podcast, The Restaurant Prosperity Formula, I’m going to walk you through the various options for your budgeted numbers because there is no one answer that is right for everyone. There is no average that every restaurant owner should aim for.

A budget is so important to your restaurant’s success because it tells you where your numbers should be. As the leader of your restaurant, you need to lead the business with the right numbers. I’m coaching my members to look beyond whether there is money in the bank. They need to ask what specific targets to aim for in sales, COGS and labor? Then they need to examine whether they hit or missed those targets and what they need to do to make sure they hit the next set of targets. That could be using new systems, adjusting existing systems, examining those systems for misuse, or just finding where someone took their eye off the targets.

Listen to this podcast to hear the process I go through with my members and how you can use your budget to find your restaurant’s target numbers and how you can get there in your restaurant.

The truth of the matter is this if you just have a budget in the first place, creating your plan for success, you've got a greater opportunity to make the money you deserve because you know your numbers. That which you measure improves.


Learn the 3 principles the most successful restaurant owners follow and how you can learn to follow them, too: https://dsp.coach/principlesx3

Sponsor – Repeat Returns: http://repeatreturns.com/dsp 


This episode is being brought to you by Repeat Returns. If you’re a restaurant owner of a medium to high-volume independent restaurant, multi-unit or franchise operator and you’re looking for a proven and realistic solution to attract, grow, and retain customers... then you really need to visit Repeat Returns. Repeat Returns is a modern marketing platform created by a restaurant owner for restaurant owners... It studies each customer’s habits and patterns, predicts the most profitable outcome for your restaurant every single day, and deploys the marketing to make that happen. You never lift a finger. Click here to see if Repeat Returns is right for you.

Rate, Review, & Subscribe

Please rate and leave a review on Apple Podcasts, Spotify or wherever you happen to listen to podcasts. By leaving us a review, other restaurant pros seeking out this information are able to find it. I read the reviews and hearing how this information has benefited you, does wonders for me. Also, if you find any of the discussions helpful, share them! The more restaurant pros who have access to them the better we become as an industry.

Other ways to enjoy this post:

Download Transcript
Download on Apple Podcasts
Listen on Spotify
More Ways to Listen
Email Me New Episodes