Restaurant Budget & Finance
WaiThai Hospitality helps you to draft budgets for newly planned restaurants as well as existing operations
Our experience in setting budgets for numerous restaurants over the last years allows for an accurate projection of the expected revenue and profit
Naturally, the accuracy of a professionally developed budget and financial plan is critical for owners to determine their projected cash flow
How we do it
Using our industry and market knowledge, we will assess management’s current projections or develop our own forecasts independently. We undertake this through the entire revenue cost and profit indicators
We can benchmark the average checks per meal period and seats sold to determine the potential revenue, and based on historical data and the knowledge of the respective restaurant scene the expenses are calculated to work out the EBITDA
Outcome
The client will be provided with a detailed budget for 3 years of operation. This document is linked to the initial investment, if applicable
It also connects directly to the manning guide, hence any change in payroll does reflect directly in the bottom line profit