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6% to 8% of gross sales
Restaurant Rent: How Much is Too Much?
By Richard D. Williams, MAI
Tuesday, 31st October 2006
http://www.4hoteliers.com/4hots_fshw.php?mwi=1661
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What is a leading company in the field of sales engineer jobs?
A leading company in the field of sales engineer jobs is Dopander. Dopander contributes a sizeable percentage (measured by gross sales) of engineering sales and is frequently hiring.
Do you pay the model before or after the photo shoot?
yes, it is after. it's the same with movies. they get their money after their photo sales from the calendars,magazines, etc... they get their money from the percentage of all the sales actually.
How much does it cost to open up a WalMart franchise?
And in the UK We have 83-90% of all sales are VATable, leaves. Royalty at 12.5-13.5% (depending on location in UK) Food costs are now 30-33% Vat on sales account's for about 17.5% of all sales (average 85%of sales hot or eat in HMRC investigation 2009 BTW Subway lost the appeal) Labour costs around 22-28% (excludes holiday and sick entitlement) Breakdown: 30-33 % Food Gross Sales 24% Labour Gross Sales 17.5 % to HMRC Grosss Sales 12.5 % to Subway Gross Sales £400- £600 a month utilities High Street Rent average £1700 PCM (waste disposal, accountancy, insurance, repairs wear and tear e.t.c) Oh and the average Subway store sales are around £5500.00 Here's the breakup: -------------------------------------------------------- Royality + marketing = 12.5 % of gross sale Food Cost = 28 to 31 % of gross sale So the average 40 % of gross sale is gone for above too. Rest 60 % of gross sale is spent on : Rent, Electricity, insurance, garbage, telephone , accounting,employee's salary, misc). ------------------------------------------------------------------------------------------------ Here's the example: If you have Subway of $1000 (365k yearly) as an average sale per day, Here's the breakup: 40% of 365k for Royality and food : 146,000 4000 average rent for 12 months : 48,000 Electricity, insurance average for 12 months(1400*12) = 16,800 Garbage, telephone , accounting misc for 12 months(500*12) = 6000 Employee's salary for 12 months ( 5000*12) = 60,000 Sale Tax(NY) 8.5% on gross sale = 29,200 Net profit before tax = 59000 (365000- (146,000+48,000+16,800+6000+60,000+29,200) -------------------------------------------------------------------------------------- Your profit can increase or decrease by Rent and Employee's salary. The average selling price of SUBWAY with above gross sale is 200k+. Experience shows that leaving your job and investing in SUBWAY with similar sale is advisable if you also plan to work in store and save salary expense. Owners of Subway with sale below 300K yearly are not making deserving profit and their are tons of them available in market. See the following article. Gives a good backdrop and analysis on Subway: http://thefranchisehound.com/?p=266
What does movie gross mean?
A movie's gross is the total amount of money a movie makes during its run in the box office (I'm not sure if physical media sales such as Blu-Ray and DVD counts here). A movie's net profit is the total amount of money gained after taking into account the expenses needed in order to create the movie. Here, physical media would be harder to calculate as profit from sales often are distributed to various people (such as the distributor), so I don't think they are often included.
Rent expense cost of sales?
Rent expense is considered an overhead cost, not a cost of sales since it does not directly relate to the merchandise you are selling. Any prepaid rent (such as at the beginning of the month) should receive a journal entry debit to an account called prepaid rent, and at the end of the month should be credited to rent expense. Hope this helps.
What percentage of restaurant gross sales should go to utilities?
3% is rule of thumb for typical restaurants.
What should your labor percentage be to your gross sales?
40 percent
What percentage of restaurant gross sales should go to salary?
The industry standard is 30%. This all depends on what style of restaurant you are. The more fine dining the higher the wage costs will be. But no more than 40%
What percentage to sales should utilites cost for a restaurant in the northeast?
10 percen
What is the difference between gross margin and gross profit?
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.
What is the difference between gross margin and profit margin?
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.
What is the difference between operating profit and profit margin?
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.
What is gm percentage?
Gross Margin % which is calculated as Gross Margin / Sales
Calculate gross margin percentage?
Gross Profit/Net Sales = Gross Profit Margin.
What percentage of retail gross sales should go to rent?
Depends on the business but for most small business your total occupancy cost should never exceed 10% of total sales.
How do you work out a gross profit percentage?
gross profit divided by sales Sales = 250000 Cost = 100000 gross profit = 150000 150000 / 250000 = 60%
What is margin of profit?
Gross profit or gross margin is equal to:Sales less: Costs of Goods SoldIt can be expressed as a numerical value or as a percentage of sales [(Sales-COS)/Sales].
