A well organized and understandable restaurant profit and loss statement can provide infinite value to a restaurant owner. The best format to use allows the owner to understand his prime costs, total variable costs and the required contribution number necessary to cover fixed costs and desired profit.
Restaurant Profit and Loss Statement
The restaurant profit and loss statement utilizes a tier concept using sales based on function (entree’s, appetizers/deserts, drinks) and the corresponding prime costs of food and labor. The final section reflects operational costs for the dining area and then finally, office expenses.