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Restaurant Budget Exercise Assignment: Forecast Revenues and Expenses for the year 2018, using the format of...
Restaurant Budget Exercise
Assignment: Forecast Revenues and Expenses for the year 2018, using the format of the Uniform System of Accounts for Restaurants. Present monthly figures and the annual total.
Mid-week days are Monday – Friday, weekend days are Saturday and Sunday. Use the 2018 calendar to get the appropriate number of weekend and mid-week days in each month.
Assumptions:
Seasonality:
High Season: June – September
Shoulder Season: October, November, April, May
Off Season: December – March
Covers:
Lunch – Mid week 125
Weekend 200
Dinner - Mid week 100
Weekend 180
Seasonality Covers:
Shoulder – Base
High Season - + 25%
Low Season - - 35 %
Average Food Cover:
Lunch - $ 12
Dinner - $ 26
Average Bar Cover:
Lunch - $ 3.00
Dinner - $ 7.00
Food Cost: High Season: 28 %
Shoulder: 29 %
Low : 32 %
Bar Cost: High Season: 19 %
Shoulder: 21 %
Low : 24 %
Salaries & Wages ( Total Sales):
High Season: 29 %
Shoulder: 31 %
Low : 34 %
Taxes & Benefits:
14 % of Direct Salaries & Wages
Occupancy Costs: $ 8, 500 / month
All Other Costs: 18 % of Sales
Solutions
ekkarill92 answered 1 year agoRelated Solutions
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product? Remember working capital.
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