ON THE LINE

Budget + Spend

"We believe that if we take this concept and educate the team about the financial realities of a business and make them more conscious of what makes the business profitable, then we all win." - Henry Patterson, Former Restaurant Owner, CEO and Founder ReThink Restaurants

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What is the Average Restaurant Profit Margin?

Here is a crash course on how to achieve, and maintain, profitability in your restaurant.

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How to Manage a Restaurant Balance Sheet

Learn how to create and manage a restaurant balance sheet to assess and improve your restaurant's finances.

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How to Calculate Your Restaurant's Prime Cost

Tracking prime cost helps you stay informed about the financial health of your business, so you can confidently adapt your operations and strategies.

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How to Read a Profit and Loss Statement

Learn how to create and analyze a profit and loss statement using this restaurant income statement template and guide.

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Which Inventory Costing Method Is Right for Your Restaurant?

Inventory costing can help make the process of managing inventory easier — and more profitable. Here are the differences between the FIFO, LIFO, and WAC methods.

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How To Calculate Liquor Cost in Your Bar or Restaurant

Here is a liquor cost formula to track your spending, inventory, and find ways to save.

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How to Calculate Cost of Goods Sold

Calculating cost of goods sold might seem like a pain, but it's an important part of making sure your business is healthy. Here's an easy way to calculate it.

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How to Calculate Your Restaurant Labor Cost Percentage

Here's how to accurately calculate and manage your restaurant labor costs, while keeping your restaurant running at peak performance.

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How to Get a Restaurant Business Loan

You'll need capital to make your restaurant dreams a reality

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How To Save Money in Your Restaurant: 11 Clever Hacks

Have you tried any of these money-saving restaurant hacks in your restaurant? Start trying them now – there's no time to waste!

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The 12-Step Solution to Your Restaurant Sales Slump

It’s natural for business to be up and down. But what do you do if your restaurant sales are really down and seem stuck?

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5 Restaurant Expenses to Plan for When You're Opening a New Space

Before you dive into restaurant ownership, make sure you know about the expenses that sneak their way into your budget. Check out these 5 expenses to plan for in a new restaurant.

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How to Identify and Reduce Controllable Costs

Managing a restaurant budget can be tricky. Fortunately, you can wrangle and reduce some of your costs.
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