3 ms·
Seems reasonable. In the UK the break-down is typically: 60% gross profit 30% wages 10-15% rent 5-10% overheads (rates, bills, etc.) 5% advertising
by ig1 16y ago
Seems reasonable. In the UK the break-down is typically:
60% gross profit
30% wages
10-15% rent
5-10% overheads (rates, bills, etc.)
5% advertising
Leaving a profit margin of around 5%.
Most restaurants are lifestyle businesses, simply because they don't make enough money to be anything else.