The restaurant industry is one of the most profitable industries in the United States. Millions of people dine at fast food and sit-down restaurants every day, stopping by to pick up food for lunch or to dine with family and friends in the evenings. It’s no reason so many entrepreneurs think about going into the restaurant business like Jimmy John Owner. Yet, it could take months of marketing and expert cooking to attract enough loyal customers to take a restaurant from “just surviving” to “thriving”. A food branding agency can help you get your brand right. The right decor, especially the right furniture, could help a restaurant start to thrive, customers appreciating the way they feel while they dine at the eatery. Furthermore, a table leveler could enhance existing restaurant furniture, keeping restaurant owners from having to spend thousands of dollars on new tables and chairs.
Restaurant owners who participated in a recent Restaurant Owner survey reported that their annual median sales or revenues were $950,000. The average sales per seat owners reported receiving was $9,106. However, the annual profit these owners saw was $52,000. It’s this difference between sales and profit that some new restaurant owners fail to think about. Expenses are a key reason some of the best restaurant owners don’t see a larger average annual profit. It’s expenses that entrepreneurs, particularly entrepreneurs who don’t have prior experience working in the restaurant industry, should calculate and start budgeting for before they pay for licenses and permits and open a new restaurant.
People considering starting a restaurant who don’t understand the value in business planning and budgeting, should also consider that the 700 restaurant owners who responded to the Restaurant Owner survey shared that they spent an average $275,000 on start-up costs when they launched their restaurant. These costs don’t include the costs of buying land to build their restaurant on. Owners who paid for land when they launched their restaurant business reported spending an average $425,000 to start their business.
Start-up costs per seat was reported as being $3,046 for restaurants that didn’t involve a land purchase, and $3,734 for restaurants that did involve a land purchase. If equipment and furniture wears down, the costs of running a restaurant could escalate. The good news is that, depending on the type of damage or wear and tear restaurant furniture experiences, restoring the equipment and furniture be relatively easy. For example, a table leveler could keep a table from leaning.
Low in cost, a table leveler can be purchased for less than five dollars. A non-skid table leveler might come with a 1/4-20 inch thread and a one inch stem. The plastic rubber base at the bottom of the table leveler is designed to protect restaurant floors. They could also prevent tables from sliding when customers sit down to dine or stand to get more food from buffet carts.
Other types of table levelers are self-adjusting levelers and wobble wedges. End caps and glides are designed for easy insertion into tables and chairs. In addition to yielding short term cost savings, a table leveler can help reduce a restaurant owner’s overall per seat expenses, increasing the amount of monthly, quarterly and annual profits restaurant owners get to keep.
This article was written by Rhonda Campbell.