Restaurant Financial Statement Sample

Organized financial models are built from top to bottom.

Restaurant financial statement sample. We assume a slow growth economy without major recession. So we ve consolidated the following four financial spreadsheets that work together with formulas. Your food and drink costs and your operating costs. Simply put a restaurant financial plan is a type of evaluation of the current and future finances for a restaurant company.

Income statement p l balance sheet. Knowing the four basic financial statements is an important first step to owning a restaurant business. An income statement is a record of the money that comes in and the money that goes out. We assume that there are no unforseen changes in the expectancy in the popularity of our restaurant.

Basically 3 main statements will appear. Most of the variables come from the results of your assumptions. The key underlying assumptions are. The restaurant financial plan template provide monthly statements that flow into annual summaries easily.

The four financial statements are the profit and loss statement the balance sheet the cash flow statement and the changes in equity statement. The financial plan depends on important assumptions most of which are shown in the following table as annual figures. Whether you re a new restaurant owner or a seasoned veteran you ll want to make sure you re properly projecting your revenue and expenses. It is an important document as it helps to decipher the level of finance that your business needs whilst also predicting the viability of business operations.

Financial statements will be completed for every quarter as well as annually. For a restaurant it means recording your food and drink sales along with all the expenses that come with running the restaurant. The restaurant income statement not only measures income but it is also a great tool for management.