FREE 10+ Annual Restaurant Budget Worksheet Samples in MS Word | MS Excel | Google Docs | Google Sheets | PDF

As a restaurater, one of the things you need to prioritize on creating and maintaining an efficient budget for your restaurant. After all, having a budget helps you operate your business well since you will know what costs you need to shell out and what costs that you can forego of. Your budget can also help you know your income and monitor your sales activity. If you want to create a budget for your restaurant but you don’t know where to start, this article will guide you on how to make an annual restaurant budget.

10+ Annual Restaurant Budget Worksheet Samples

1. Annual Restaurant Budget Worksheet Template

2. Annual Restaurant Budget Worksheet

3. Annual Restaurant Association Budget Worksheet

4. Annual Restaurant Household Budget Worksheet

5. Annual Restaurant Analysis Budget Worksheet

6. Annual Restaurant Management Budget Worksheet

7. Annual Income Restaurant Budget Worksheet

8. Annual Expense Restaurant Budget Worksheet

9. Annual Restaurant Budget Comparison Worksheet

10. Annual Restaurant Operating Budget Worksheet

11. Annual Restaurant Personal Budget Worksheet

Importance of Having a Budget for the Restaurant

Having a working and efficient budget for your restaurant is very important to achieve success. Here are just some reasons why having a budget is important:

1. It helps you become a more proactive restaurant owner
2. Lets you know what your financial goals and targets
3. Helps you examine your operations and stay on track of all the activities that are going on at your restaurant
4. It is a big factor on creating a big profit for your business

How to Create an Annual Restaurant Budget Worksheet

1. Set Accounting Periods

Before you start your budgeting process, define your accounting period first. You can either choose a 12 month period or 13 periods of four weeks depending on which method is appropriate for your restaurant.

2. Set Targets

Before you set targets for your budget, you need to gather the following information in order to make realistic and achievable targets:

• Sales revenue from previous years
• Food and beverage costs
• Alcohol costs
• Previous years payroll costs
• Occupancy costs
• Controllable expenses

All of those historical performance information is how you will set your targets since you will be using it to project your upcoming revenue and costs. This is also a great way to help you analyze and adjust your financial strategy so you can stay with your financial limits.

3. Define Your Costs

The next thing for you to do is identify your costs. There are different types of costs that you need to categorize. First, figure out your fixed costs. Your fixed costs are the costs that don’t change even if you have them every month. Examples of fixed cost are insurance, rent, or loan payments.The next type of costs to identify are the semi-fixed costs. These costs are the ones that will vary from month to month. Examples of semi-fixed costs are salaries, utilities, food costs, just to name a few. The last type of costs you need to identify are non-fixed costs. This type of costs responds directly to the changes in the sales volume of the restaurant. Examples of non-fixed costs are repairs, marketing, delivery changes, just to name a few. Once you’ve categorized them, the last thing you need to do with your costs is to identify which are the controllable and the uncontrollable costs. These will help you determine what costs are needed to for you to shell out some cash and what costs that can be let go because they are not too important.

 

 

4. Forecast Your Sales

Forecast your future sales by analyzing your previous year’s sales report. Analyze all the events you did that affect your sales, and the competition and economic shifts you faced and conquered.

5. Create Your Projection Budget

Now that you’ve categorized your costs, income, and you’ve projected your sales forecast, it’s time to combine every information you’ve input so you can see everything in one place.

6. Calculate Your Breakeven Point

Calculate your breakeven point by creating a difference between your total costs and expected sales. Your breakeven point will tell you if you will make a profit by seeing your sales exceed it.

FAQs

Evaluate your budget so you can create sound decisions to help you adjust your operations to create more profit. Your budget can let you acknowledge if you’re hitting your targets or not and it will help you reduce your controllable costs.  To help you get started making the contract, download our free sample templates above to use as your guide!