How to Use the RestaurantOwner.com Financial Planning Template

What You Will Learn

A key element of a restaurant’s Business Plan is the financials: how much revenue you think you might bring in, how much profit you expect to see, and how much you think it will cost to build out your restaurant.

For most entrepreneurs, preparing the financial statements for a prospective restaurant business is the most challenging part of the business plan.

This course gives you the tools you need to think through and prepare your proposed restaurant’s financial plans using the Restaurantowner.com financial planning template.

• Finding and using the Financial Planning Template spreadsheet
• Preparing your capital budget
• Calculating your average check
• Projecting weekly sales
• Estimating operating costs and working capital needs
• Incorporating seasonal variation into your sales and expense estimates
• Determining investment outcomes such as payback period and return on investment
• Stress-testing your financial projections
• Comparing your estimates to restaurant industry rules of thumb