Table Turnover-Are You Leveraging this KPI for Highest Restaurant Profit?

Table Turnover - Are You Leveraging this KPI for Highest Restaurant Profit?

Does Table Turnover feature at all in your priorities?

Are you regularly struggling to meet revenue targets in your restaurant?

Know what happens when you ignore the single most powerful revenue boosting phenomenon for a restaurant operation?

And consequently profitability as well.

So, what is that phenomenon, you ask?

Great Question!

I am glad you asked.

I will lay out a strategy that will swiftly galvanize your operation volume, revenue and profit all in a fell swoop.

And all in a minute!

What, you say with your mouth open in disbelief?

Yes, indeed.

Welcome to the 1 Minute Profit Recipes Series.

The series will focus on one key hotel or restaurant business or financial concept in each 1 minute blog post.

And you can absorb it visually too with a infographic that you can download and keep as reference or video you can watch.

Sounds a great proposition right?

And now let me introduce you to the magic phenomenon.

The phenomenon of The Restaurant Table Turnover!

This Blog Post will cover:

  • The 1 Minute Profit Recipe Philosophy
  • 1 Minute Profit Recipe Infographic
  • Learning Visually
  • The Capacity, Revenue and Profit Connection
  • Watch the Video
  • 3 Steps You Can Take Right Now!
  • Related Posts
  • Sign Up for Tips, Strategies and Secrets of Hotel Performance Analysis

The 1 Minute Profit Recipe Philosophy

You are a busy professional.

You run a busy hotel and / or a restaurant operation.

You do not have time in your hectic schedule to learn from long winded online courses.

You barely get a break in your day.

How about a minute however?

Surely you can spare a minute!

That is all I ask.

Welcome to the 1 Minute Profit Recipes Series.

It is a series tailor made for busy professionals like you.

The series will focus on one key hotel or restaurant business or financial concept in each 1 minute blog post.

Or 1 Minute Profit recipe to be more precise!

.

1 Minute Profit Recipes - Recipe 1 - Table Turnover Infographic

1 Minute Profit Recipes - Recipe 1 Table Turnover

1 Minute Profit Recipes - Recipe 1 Table Turnover

Learning Visually

You know what they say: a picture is worth a 1,000 words!

A video is worth probably much more.

And the unique thing about the 1 Minute Profit Recipes is that it is totally visual.

The profit recipe is anchored by an infographic.

A visual way of understanding the concept in the recipe.

Not just understanding!

Each recipe has a dedicated section where you can take 3 steps right after reading it.

You could say: apply the learning.

That is true learning, is it not?

And now on to this recipe which is about The Restaurant Table Turnover.

Table Turnover: The Capacity, Revenue and Profit Connection

To boost your Table Turnover, you must understand and leverage connection between:

  • capacity,
  • revenue and
  • profit

Capacity is the foundation for your restaurant profitability.

Ensure that you relate covers, revenue and profit to it.

You can influence revenue by looking at the capacity-covers gap.

This will boost revenue and ultimately profit

If you manage the Capacity and Revenue recipes, the higher Table Turnover should lead to higher profit.

Watch Video

3 Steps You can Take Right Now

The 1 Minute Profit Recipe is all about rapid action.

It is about applying what you learned to your restaurant operation.

Here are 3 Steps you can take right now:

  1. Close the gap between seating capacity & covers served by increasing covers served, this will increase the table turnover.
  2. Know the contribution from covers and average check, they impact revenue
  3. Boost your Profit by reducing gap between capacity and covers through increasing average check.

Tell us what you thought of the 1 Minute Profit Recipe on Restaurant Table Turnover and any way we can improve it.

Related Posts

Sign Up for More Tips, Strategies and Secrets

Sign up below to the Peak Profit Newsletter for more tips, strategies and secrets to hotel performance analysis which will allow you to take successful decisions and exceed your targets consistently..

4

About the author, Lakshmi Narasimhan Soundararajan

Lakshmi Narasimhan Soundararajan is the Founder of Ignite Insight LLC a New York City based consultancy, which specializes in Hotel Finance Training, Coaching and Consulting.

Right from the time he was in school, Lakshmi had a head for numbers. In fact, he says, numbers talk to him and tell him stories. At the same time, as he fashioned his career in the hospitality industry, he worked closely with colleagues who did not have a financial background. He saw them struggle with numbers and fear them.

Lakshmi made up his mind there and then to commit his career to hotel finance training by simplifying numbers for the benefit of his non-financial background colleagues. He founded Profits Masterclass first and then Financial Skills Academy with the philosophy of assisting managers and small business owners to Build Financial Skills, Knowledge and Ability in themselves.

His vision is for Financial Skills Academy to be the Ultimate Learning Hub for Hotel Finance Training.

Lakshmi 's all time favorite historical figure is Leonard Da Vinci and in particular Da Vinci's love for simplicity. When founding Financial Skills Academy, Lakshmi based the value proposition for his hotel finance courses on three foundational principles: SIMPLE. NON-TECHNICAL. USABLE.

Lakshmi can be contacted at +1 201-253 5000, nara.profitsmasterclass@gmail.com or at LinkedIn www.linkedin.com/in/slakshminarasimhan/

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
>
Verified by MonsterInsights