How to Calculate A Restaurant's ROI | The Odyssey Online
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# How to Calculate A Restaurant's ROI

## A restaurant owner or manager wants to know how much money it takes in sales to cover the costs of running a restaurant. That's why calculating return on investment, or ROI, for restaurants is important.

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A restaurant owner or manager wants to know how much money it takes in sales to cover the costs of running a restaurant. That's why calculating return on investment, or ROI, for restaurants is important.

Calculating Restaurant Return on Investment (ROI)
Here's an example of how to calculate your ROI: You operate a moderately priced family restaurant open seven days a week with 60 seats. Your busy hours are as follows: Monday through Thursday - 5 p.m. to 10 p.m., Friday and Saturday - 11:30 a.m. until 10:30 p.m., Sunday - 1 p.m. to 9 p.m. Average check average is \$12 per person. In addition, you provide free delivery within a 2-mile radius. Your posted prices include sales tax, and wait staff receives an average of \$5.50 per hour plus tips.
For the first five months of operation, you paid \$180,000 for rent, salaries, utilities, supplies and equipment, and other expenses to start up the business. Your monthly operating costs are as follows:

Lease - \$3,500 Rent - \$4,800 Insurance (general liability) - \$1,200 Utilities (gas heat and water) - \$730 Supplies (food & paper products) - \$2,050 Additional Expenses (insurance carriers fee's wages uniforms advertising etc.) -\$624 Payroll Expense - Employee Benefits (\$15 per meal wastage) - \$3,600 (4 meals per day x 60 seats) Total Monthly Expenses for the First 5 Months of Operation

This is just an example and will vary depending on your specific operations.

For the first five months, your average food cost was 33%, your average gross profit was 45%, and your labor cost (includes benefits) was 35%.

Write down a formula for what you consider a successful month. You expect to earn the same amount of money every month after the first five, regardless of season or days of the week. You also want to earn enough money to pay yourself \$3,000 per month in salary. Here's how you figure it out:

Average Check Average (\$12 per person). X Total Seats (60 seats). X Number of Busy Hours Each Day (7 days x 60 people/ hour ) .X 0.4 Food Cost Percentage = Gross Profit/ Sales Volume

\$12 x 60 x 7 x 0.4 = \$1,980.80 per day

\$3,000 Salary - (\$1,980.80) Gross Profit (47% X 60 seats x 7 days) = \$1066.96 per day.

Calculate your restaurant ROI by determining how many successful months you will need to make the amount of money you want in a year:

\$1066. 96 X 52 weeks/year = \$55,280 gross profit needed annually to meet your salary goal and pay yourself for six months while still keeping the business open every day

You then divide this number by 12 months to find out how much money the restaurant needs to bring in each month to reach your goal: \$55,280 /12 = \$4,982.40 gross profit per month

You have to earn \$4,982.40 each month for one year to make the amount of money you want in a year (total number of months you are open X average gross profit needed). You can also work backward from your goal, and instead of dividing by 12, multiply by 12 to find out how much money the restaurant needs to bring in each day on average: \$55,280 X 365 days/year = \$1 million total annual sales volume is needed with an estimated net income after operating costs at approximately 6% or \$60,000 per year. With a busy hour average check of \$7 (\$12 x 60 / 7) and 1.5 meals per check (4 meals total x 60 seats), the restaurant would need to have 1,560 busy hours per year, which is equivalent to saying you must generate 534 orders per day.

A good accountant should be able to help with these figures or possibly an experienced start-up consultant who specializes in restaurants. Once you know how much money your business needs to make on a daily basis in order for you to live comfortably while still keeping it open every day, then you can determine if it's even worth going into business at all.

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This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Lifestyle

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StableDiffusion

## 1. It's easy to be fooled by shiny things.

shiny things StableDiffusion

Tamatoa created a liar filled with shiny things simply for the purpose of tricking fish to enter and become his food. He too experiences a lesson in how easy it is to be tricked by shiny things when Moana distracts him by covering herself in glowing algae so Maui can grab his hook.

## 2. Listen to your heart and follow it wherever it may take you.

listen to your heart StableDiffusion

Moana always felt the ocean calling her name but it wasn't until she finally listened to it that she was able to learn why it had been calling her and where it was taking her.

## 3. Face your fears.

face your fear StableDiffusion

Moana itself teaches this lesson in nearly every scene but I think it is best demonstrated when Moana continues to go back to confront Te Ka, the goddess of fire, with the desperate hope of being able to complete the task the ocean had given her. Maui also faces his fears in this scene as he comes back to help Moana after previously saying that he wouldn't.

## 4. If life knocks you down try again and again until you can stand tall.

olympic woman StableDiffusion

Maui was certainly feeling defeated numerous times throughout the movie but he kept getting back up and eventually became the strongest and best demigod he has ever been.

## 5. The ones we love never leave us, their lessons last forever.

Lessons of life StableDiffusion

Grandma Tala dies, it is by her faith in Moana and the lessons she has taught her that Moana is able to finally follow the call of the ocean. Grandma Tala said she wanted to come back as a stingray, which she did just when Moana needed her most.

## 6. When you make a mistake, fix it.

Woman praying StableDiffusion

Maui made the fatal mistake stealing the heart of Te Fiti because he thought that would make the humans happy. Instead, he ensured the destruction of the ocean and all of the islands that inhabit it. Thankfully, Moana came along to teach Maui about the error of his ways and help him to fix the damage he has caused.

## 7. Never be afraid of being different.

Disneys Goofy StableDiffusion

Grandma Tala tells it best; she was never afraid of what other people on the island thought of her and the ways in which she lived her life differently than the them. She simply did the things that made her happy and tried to teach others to do the same.

## 8. All we all really want is to be loved.

love StableDiffusion

The reason why Maui took the heart of Te Fiti in the first place was because he wanted the love and approval of the humans and he felt that that was the best way for him to receive it. Maui's parents abandoned him as a child so he was always desperately searching for love because it was so absent from his life.

## 9. You are stronger than you think.

you are stronger than you think StableDiffusion

Before embarking on her quest, Moana knew nothing about sailing let alone working with a demigod to return the heart of Te Fiti. However, she learned that she was far more powerful than she could ever had hoped to be as she persevered through every obstacle. Although there were times when she wanted to give up, at one point she even did, she always somehow found the strength to continue working towards her goal.

## 10. Kindness is what brings the world to life.

kindness StableDiffusion

Moana showing Te ka kindness and compassion is what led to Te Ka returning back to Te Fiti, the living mother island and restoring the world to it's beautiful and fruitful live.

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Student Life

## 7 Types Of Students You Will Meet In College

### You wish you could be #5, but you know you're probably a #6.

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StableDiffusion

There are thousands of universities around the world, and each school boasts its own traditions and slogans. Some schools pride themselves on sports, while others emphasize their research facilities. While there is a myriad of differences among each and every school, there will always these seven types of students in class.

## 1. The one who sits in the front row

StableDiffusion
There's at least one of these people in every single class, whether it's a required General Education class or an upper division major course. These students always sit in the front row and ask at least five questions every lecture. They attend all the discussions and office hours, and try to turn in homework at least a week in advance. These are also the people who remind professors about assigned homework and upcoming exams. Nothing bad about being studious, but are they even human?

## 2. The one who is always online shopping

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It doesn't matter whether it's fall, winter, spring or summer - these people are online shopping every single lecture. They usually sit a row or few in front of you, and while the professor is lecturing, instead of taking notes or even trying to act like they're listening, they just aimlessly scroll through Aritzia, Forever 21 and Zara. The only time their eyes ever leave their computer screen is when class ends, so they're basically just there for giggles.

## 3. The one who always falls asleep

StableDiffusion

This person comes to class every day, but somehow never stays awake for more than 20 minutes. You can sometimes hear the occasional snore from a corner of a large lecture hall, or catch their heads nodding like a pendulum near the front of the class if they're the studious type. But let's be real here: we've all been one of those students at some point.

## 4. The one who never pays attention

StableDiffusion

This category of students is probably the most common. Sure, they'll go to class, but all they do is surf through memes on Facebook or watch others play Fortnite. These people are in class for the attendance grade, not to learn. On occasion, they may raise their hand in class to ask a generic, vague question that has already been covered but hey, gotta get that participation grade. They're just doing everything they can to survive college, and honestly, it's a mood.

## 5. The one who never studies (but still aces the class)

StableDiffusion

Standing as probably the most frustrating category of people in this list, these students won't know about a midterm until two days before. The day before the exam, they'll be chilling in Malibu and partying at night. They go to class every once in a while when the class time doesn't clash with one of their many elaborate social plans, but never pay attention. Somehow, they still ace all their exams and end up with the top grade in the class.

## 6. The one who is always stressed

StableDiffusion

These people will start studying for a midterm at least two weeks before hand, and will be so stressed about homework and classes that they spend more time worrying about the workload than actually doing the work itself. They're in desperate need of a relaxing vacation that they're too stressed to plan, and they disappear from the outside world for weeks at a time. You can usually find them in a study room in a library, where they probably have been in for the past week.

## 7. The one you've never seen before

StableDiffusion

You didn't even know that they were in your class to begin with because they never show up until it's exam week. Are they too smart for the class or struggling too hard to care? The world may never know. Maybe they're just straight chilling in their apartments being lazy, but most of time, they probably didn't even put this class on their schedules. Catch them going to Disneyland on a weekday at least once a month, which is more than the frequency that they attend class.

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Featured

## 15 Rhyme Without Reason Greek Life Function Ideas

### When you have no ideas for what to wear to this date function

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Healthy Pets

I am going to a rhyme without reason date function and I have looked at so many different rhyming words and I figured there need to be a new list of words. At these functions, there are usually at least two rockers and boxers and an umpteenth amount of dogs and frogs. I have come up with a list of creative and unique ideas for these functions.

If you like what you see, get a shopping cart going with these costumes.

## 1. Dime and a Mime

I think that this one would be super cute except one of the dates would have to not talk the entire function which would be extremely difficult.

## 2. Ramp and a Lamp

This is my personal favorite except it would be difficult to dress up like a ramp.

## 3. Hooters and Shooters

For this you could have one person dress up like hooter's girl and have one person wear plastic shot glasses with color glue in them.

## 4. Sherlock and Woodstock

For this one person could wear a cape and a Sherlock hat with a magnifying glass and the other person could dress up like the bird Woodstock or the festival.

## 5. Spaghetti and a Yeti

StableDiffusion

This would be the coolest idea to do. To dress up like a bowl of spaghetti and a Yeti. The only thing you would have to watch would to make sure that the Yeti didn't eat the spaghetti.

## 6. Whale and snail

StableDiffusion

This would be very cute. You could use a backpack or a laundry basket for the shell.

## 7. Ladder and Bladder

StableDiffusion

I don't know if you have seen the bladder cartoon but just imagine someone dressed up like that. Wouldn't that be so cute?

## 8. Rake and Snake

StableDiffusion

The snake could use the rake. This would be a very easy to dress up for.

## 9. Jam and Ham

StableDiffusion

You could dress up like a thing of jam or like a dollop of jam and just wear a single color.

## 10. Pig and a Twig

StableDiffusion

You could dress with pink and then the other person could dress with brown.

## 11. Banana and Nana

StableDiffusion

All you need for this one is a banana costume and old lady clothes

## 12. Dairy and Fairy

StableDiffusion

One person would dress up as a milk carton and the other as any kind of fairy.

## 13. Hibachi and Versace

StableDiffusion

I think that this is the most creative pairing that has ever been thought of. The hibachi person would definitely have to have one of those tall hats they wear.

## 14. Trash bag and American Flag

StableDiffusion

You could put your arms through the straps that come out of the trash bag and just wrap an American flag around yourself (as long as it doesn't touch the floor).

## 15. Gumball Machine and American Dream

StableDiffusion

This would be super cute if the person who was the gumball put puffballs onto their shirt and wore silver pants.

## What is a rhyme without reason date function?

A rhyme without reason date function is a social gathering when partners show up wearing outfits that rhyme with each other. It opens up an opportunity for creativity. It is most popular on college campuses, though it can be extended to other parts of society as a fun way to play dress-up. It also gains additional popularity around Halloween time, given the interest in costumes and dressing up for that holiday.

## What are some top ideas for a rhyme without reason?

There are so many options: A Dog and a Frog could be fun. A Ramp and a Lamp, a Whale and a Snail, a Rake and a Snake, a Trash Bag and a Flag, and Bob Ross and Dental Floss are just some ideas for a rhyme without reason date function. Using your own creativity, you could think of countless more options and if you explore the web, you'll find lists out there to provide inspiration. Rhyming without reason at the end of the day is all about having fun.

## What are some sources of rhyme without reason inspiration?

For starters, TikTok has a whole collection of rhyme without reason ideas. You could browse those for quite some time and find plenty of inspiration. You might also look toward Her Campus for plenty more ideas or our handy list. There's no shortage of options around the web, but some of the best ideas may come from you. Start with the rhyming perspective and then think about what fun pairings would be for a real-life rhyme without reason costume party.

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Featured

## Yoga love

### A long over due thank you note to my greatest passion.

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Dearest Yoga,

You deserve a great thank you.

Never would I have thought a few years ago that I would be such a huge yoga fanatic, that I would be hitting the gym almost every day to get to class, and that I would be forming all these amazing relationships with so many incredible people who also share a love for you. You've enhanced my way of life in numerous ways that I need to thank you for.

Thank you for showing me my true strength. Not only physical strength, but more importantly mental strength. You've shown me that I am more than what others may think of me, and that I can rise above any obstacle that comes through my path.

StableDiffusion

Thank you for helping me to walk through life with grace and passion.To love what I do and love the life that I share with those around me. Before experiencing yoga, I never truly understood what it was like to be passionate about something. Now that I have, not only do I know what it's like to be passionate, but also have a willing to be passionate.

Thank you for teaching me what it is like to appreciate the small things in life. Which has only helped me more to appreciate the big things. You've shown me to not only appreciate the life around me, but also to give myself the appreciation that I deserve. And more importantly, give others the appreciation that they deserve.

StableDiffusion

Thank you for allowing me to let go. Whenever I feel as if I need a break from the world, the yoga studio is the first place I think of. As soon as I enter the studio, the outside world leaves my mind. You've allowed me an escape that I will be forever thankful for.

Thank you for turning me into a mindful person. Having mindfulness is harder than it seems, especially here in today's society. Over the past couple years, I have become more mindful to the world around me, I have been able to truly be myself and let everyone else be themselves -- all thanks to yoga.

And lastly, thank you for allowing me to breathe. As simple as it sounds, breathing is the one thing that I carry around most with me off the mat. Deep breaths are what get me through the day. Throughout tough situations, emotional battles, and stressful times, I always know to come back to my yoga, to come back to my breath.

I only hope that those around me feel the same way as I do about you, yoga. You have truly transformed my life in the best way imaginable. It is a gift and a great privilege to be able to experience the practice. Thanks to you, I have grown as a person, proved to myself the true strength I have, become more aware and have ultimately started living a better life.

You're the best,

Your Yoga-Obsessed Friend

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Arts Entertainment

## Epic Creation Myths: Norse Origins Unveiled

### What happened in the beginning, and how the heavens were set in motion.

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Now, I have the everlasting joy of explaining the Norse creation myth. To be honest, it can be a bit kooky, so talking about it is always fun. The entire cosmos is included in this creation myth, not just the earth but the sun and the moon as well. This will be a short retelling, a summary of the creation myth, somewhat like I did with Hermod's ride to Hel.

File:Blake ancient of days.jpg - Wikimedia Commonscommons.wikimedia.org

The Norse cosmos began with two worlds, Niflheim and Muspellheim. These two worlds, the worlds of primordial cold and fire, were separated by a great fissure called Ginnungagap. The waters from the well Hvergelmir, at the center of Niflheim, by many rivers flowed into Ginnungagap and "when those rivers, which are called Elivagar, came so far from their source, the poisonous flow hardened like a slag of cinders running from a furnace, and became ice. ...Then layer by layer, the ice grew within Ginnungagap" (Byock 13). The northernmost regions of the gap filled with hoar frost and rime, but the southernmost were "the regions bordering on Muspell [and] were warm and bright" (Byock 13). Where the cold of Niflheim's ice and the warmth of Muspellheim's fire met in Ginnungagap the ice thawed, and "there was a quickening in these flowing drops and life sprang up" (Byock 14). From the ice came Ymir, known as Aurgelmir by the giants, the origin of all frost giants. As the wise giant Vafthruthnir says, "'down from Elivagar did venom drop, / And waxed till a giant it was; / And thence arose our giants' race, / And thus so fierce are we found'" (Bellows 76-77).

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