Here’s an example: A restaurant ran a weekend promotion on December 14 and 15 and, as you can see in the graph above, it brought in the majority of sales for the month. It can help you see what promotions are or aren't working and figure out where you can lean in and give sales a boost. Sometimes it’s helpful to zoom in a bit and see a daily snapshot of your net restaurant sales. Restaurant Goal: Increase net sales by 5% month over month 2.
#BAKERY STORY 2 EXPANSION GOAL HOW TO#
Check out this helpful guide to learn how to analyze and improve your restaurant's sales numbers. If you’re able to access that number from anywhere at any time through your restaurant analytics platform, you can focus less on finding those numbers and more on increasing those numbers.ĭepending on your restaurant’s historical data, location, and what you know about how seasonality affects your restaurant, you should set goals for your net restaurant sales to increase month over month. Net sales equals gross sales minus discounts, and it can be a pain to calculate every day if you’re stuck rifling through yesterday’s receipts. In fact, your restaurant’s success - and your investors’ success, if applicable - is wholly dependent on this number. It’s the foundation for all of your restaurant analytics.
Net restaurant sales might be the most important metric for your business. Increase daily net restaurant restaurant salesĦ examples of short-term and long-term restaurant goals 1.Restaurant Business Goal Examples: Short Term and Long Term Here are six examples of short-term and long-term goals for restaurants that you can set to improve restaurant KPIs. With so many uncontrollable challenges and variables in the restaurant industry these days, it can be helpful to focus on what you can control. With the right restaurant analytics platform, you can even drill all the way down to the extra cheese option for your nachos to easily determine exactly which parts of your business are boosting your profits and which need improvement - instead of spending hours grappling with charts and pivot tables to get the same answer. By doing so, you can dive into the good, the bad, and the ugly of your restaurant sales and menu analytics. But in order to tell the right story and set yourself up for success, you need to set short-term and long-term goals. The truth is, restaurant numbers can tell any story you want them to tell. Are you setting short-term and long-term financial goals for your restaurant? Learn how with these goals and examples.Īs a restaurant owner or manager, how many hours a week do you spend exporting and updating Excel sheets to gauge the success of your restaurant?Īnd when you finally have the numbers and you’ve determined your key performance metrics, also known as KPIs, do you set data-driven restaurant goals down to the year, month, and day? Or do you look at all of the numbers on the sheet and say, “Well, my restaurant is earning money, so I must be doing something right,” and call it a day?
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