Announcement

Collapse
No announcement yet.

Restaurant Margin Question

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Restaurant Margin Question

    What kind of margins do private restaurants hit? Obviously, I can lookup (and have) publicly traded comps and get numbers - I have to think that those big guys have economies of scale that the smaller mom and pops don't have.

    I'm curious about sit down restaurants, with a full bar - a smaller bar waiting area and seating for ~100. This would be a genre that cannot be found anywhere in DFW ... average food ticket per person probably in the $25 range, of course higher with alcohol. I'm kind of thinking 3-4% net, does sound about right? What about operating (EBIT) margin? Thanks in advance.
    Last edited by slow99; 09-09-2013, 09:01 PM.
    Originally posted by davbrucas
    I want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.

    Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?

    You and slow99 should date. You both have passive aggressiveness down pat.

  • #2
    Leaving for a meeting but will respond later.
    Originally posted by BradM
    But, just like condoms and women's rights, I don't believe in them.
    Originally posted by Leah
    In other news: Brent's meat melts in your mouth.

    Comment


    • #3
      Thx
      Originally posted by davbrucas
      I want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.

      Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?

      You and slow99 should date. You both have passive aggressiveness down pat.

      Comment


      • #4
        I'll give you 6% to be my student loan lender.
        ZOMBIE REAGAN FOR PRESIDENT 2016!!! heh

        Comment


        • #5
          Opening up the first Laotian joint in town, dude???
          How do we forget ourselves? How do we forget our minds?

          Comment


          • #6
            Originally posted by bcoop View Post
            Leaving for a meeting but will respond later.
            ...
            Originally posted by davbrucas
            I want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.

            Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?

            You and slow99 should date. You both have passive aggressiveness down pat.

            Comment


            • #7
              Originally posted by Geor! View Post
              Opening up the first Laotian joint in town, dude???
              ...
              How do we forget ourselves? How do we forget our minds?

              Comment


              • #8
                My brother in law runs Fearing's at the Ritz, I'll ask him and get back with you.

                Comment


                • #9
                  I'll go scrounge through some old client files tomorrow at work if I have time, have to imagine we've handled a restaurateur's divorce at some point and I should have plenty of financials and comp numbers to throw your way.

                  Comment


                  • #10
                    Originally posted by slow99 View Post
                    ...
                    Sorry Jody, I've been swamped and haven't been on much.

                    I assume you're looking for the rule, and not the exception? Anyone is doing good to see 15-17% margins, I'd say average is around 8-9, maybe slightly less. There are just so many factors. Concept, demographic, location, food cost, labor cost, etc.

                    The guy I was with this morning was seeing 12%, single location (Italian), no liquor. Beer and wine only.
                    Originally posted by BradM
                    But, just like condoms and women's rights, I don't believe in them.
                    Originally posted by Leah
                    In other news: Brent's meat melts in your mouth.

                    Comment


                    • #11
                      Originally posted by bcoop View Post
                      Sorry Jody, I've been swamped and haven't been on much.

                      I assume you're looking for the rule, and not the exception? Anyone is doing good to see 15-17% margins, I'd say average is around 8-9, maybe slightly less. There are just so many factors. Concept, demographic, location, food cost, labor cost, etc.

                      The guy I was with this morning was seeing 12%, single location (Italian), no liquor. Beer and wine only.
                      No worries, thanks for the reply. I assume those numbers are net margin, not EBIT margin. This concept would probably be in Lakewood or Knox Henderson area, full bar ... if it ever gets past the idea/due diligence phase.
                      Originally posted by davbrucas
                      I want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.

                      Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?

                      You and slow99 should date. You both have passive aggressiveness down pat.

                      Comment


                      • #12
                        Originally posted by slow99 View Post
                        No worries, thanks for the reply. I assume those numbers are net margin, not EBIT margin. This concept would probably be in Lakewood or Knox Henderson area, full bar ... if it ever gets past the idea/due diligence phase.

                        Looking at this for yourself?

                        Comment


                        • #13
                          Originally posted by talisman View Post
                          Looking at this for yourself?
                          Investor/partial owner. It's an idea from our old neighborhood in SF. Place was always every visitors' favorite place they'd ever been and always had a line from an hour before opening until close 7 days a week. There's nothing like it here. Just have a few emails going back and forth at the moment.
                          Last edited by slow99; 09-12-2013, 04:21 PM.
                          Originally posted by davbrucas
                          I want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.

                          Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?

                          You and slow99 should date. You both have passive aggressiveness down pat.

                          Comment


                          • #14
                            Originally posted by slow99 View Post
                            Investor/partial owner. It's an idea from our old neighborhood in SF. Place was always every visitors favorite place they'd ever been and always had a line from an hour before opening until close 7 days a week. There's nothing like it here. Just have a few emails going back and forth at the moment.

                            Sounds cool, GL. SF has some great places to eat. Not trying to be a negative nancy, but I'm sure you are aware of the failure rates for restaurants.

                            Comment


                            • #15
                              Yes, Net margins.

                              Jody, feel free to PM me or hit me up on Facebook. I'm more than happy to meet up with you any time to discuss. I'll help in any way I can, and I can put you with the right people of this comes to fruition, as to where to get your equipment, and who to use for the design. A close personal friend of mine is a a consultant/designer, etc.
                              Originally posted by BradM
                              But, just like condoms and women's rights, I don't believe in them.
                              Originally posted by Leah
                              In other news: Brent's meat melts in your mouth.

                              Comment

                              Working...
                              X