Currently, we are closed on Monday. We’ve always been that way because when I bought this shop, the old owners were that way.
Right now, I work almost every minute the store is open. We are 2 months away from our one year anniversary, and its the only way that I can have a positive cash flow. I do have good employees and I trust a few of them to run the store while I’m gone. They’ve even done it before on a couple occasions. If I open on Monday nights, I will not be here. Currently, my employees are looking for more hours but my sales don’t justify adding labor on any other days. Opening on Mondays evening would give 3 of them 5 more hours each week; none of which will be OT.
Questions that I have:
In looking at the variable costs, labor and food will be the main concern. It seems that I’ll only need to cover those 15 hours mentioned above and the COGS +minor increases in gas and electric to break even on Monday. What am I overlooking? As long as I cover the variable costs, I don’t need to worry about anything else at the start. Right? I Mean, right now my sales are 0 for the day so nothing is covering the fixed costs anyway.
How will it affect my other daily sales? I think it could increase the other days since there won’t be that lingering question, “What day is this? Is this the day he’s closed?” However, I could also make the argument that my current sales will just be spread out over 7 days instead of 6.
Sorry for the rambling, this is what I’m considering. Anyone else made this switch?