The Numbers

By David Scott Peters Restaurant Tip of the Week Payback period The payback period is the number of years it takes to recover the initial investment and is calculated by counting the number of [...]

By David Scott Peters Restaurant Tip of the Week Return on sales (ROS). The ROS ratio indicates both the profitability and the risk level of the restaurant. The calculation is completed by [...]

By David Scott Peters Restaurant Tip of the Week Return on equity (ROE) This ROE ratio is used to determine if an owner’s investment into the business is attractive or not. The calculation is [...]

By David Scott Peters Restaurant Tip of the Week Know your current ratio The current ratio gives a good indication of the financial stability of the restaurant. The calculation is performed by [...]

By David Scott Peters Restaurant Tip of the Week Ignorance is not bliss When it comes to your restaurant’s money, learn to read the key financial documents, such as your balance sheet. One side [...]

By David Scott Peters Restaurant Tip of the Week There are three basic tools/reports you need to understand when it comes to demystifying financial statements. They are the balance sheet, the [...]

By David Scott Peters Restaurant Tip of the Week There are three basic tools/reports you need to understand when it comes to demystifying financial statements. They are the balance sheet, the [...]

By David Scott Peters Restaurant Tip of the Week There are three basic tools/reports you need to understand when it comes to demystifying financial statements. They are the balance sheet, the [...]

By David Scott Peters Restaurant Tip of the Week There are only three ways to increase your sales: 1. Find new customers. 2. Increase their visits. 3. Increase their ticket size. The most [...]

By David Scott Peters Restaurant Tip of the Week Know Your Restaurant Accounting Understanding your accounting is a building block of your success. Why? Because the financial statements are the [...]