Restaurant Financials
Included in this course with ICE Dean of Restaurant & Hospitality Management Rick Camac is every document you need in order to plan, open, and run a successful business. We will discuss the best financials to include in your business plan (Use of Proceeds, Detail Sales Projections, Detail Labor Projections, P&L pro forma, and more), as well as all your ongoing needs. The financials from these plans have launched many successful businesses (including many by Rick himself, the entrepreneur behind the acclaimed Fatty Group of restaurants). You'll also get plenty of real-world examples. We'll first focus on your prime cost and talk about the most important figure to track. The Weekly Dashboard will show you how to manage and view those critical numbers weekly, as Rick gives you tips on how to motivate your managers to care about them too. You'll get an overview of how to evaluate your P&Ls, what your ratios should be, and how to compare year over year and against budget. This course will benefit anyone trying to better understand their business, planning on starting their own business, or looking to move up the ranks with a strong understanding of what makes restaurants tick.
