A lot of money goes into running a restaurant. Like any other business venture, restaurants spent money to earn money. And while restaurant expenses are far and wide, here are the most common ones, which no successful restaurant can do without.
Salaries: A successful restaurant must have good staff, but this staff does not come free. From unskilled and semi-skilled to skilled staff, restaurants have all types of workers. And while salaries and wages for restaurant employees may vary from one restaurant to another, the fact remains that a lot of money goes into paying these people.
Food: I can’t imagine any other thing which consumes more money than food when it comes to restaurant expenses. As a matter of fact, if a restaurant was a factory, then food would be the raw material. After all, restaurants are about food. Restaurants must procure a wide range of food on a daily basis to serve their customers.
Marketing expenses: Marketing a restaurant should not be a one-day event. It is something that should be done as long as the business exists. With competitors scheming on how to outdo one another, restaurant owners have no option but to spend money on marketing their business to remain relevant.