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Guest
hello I opened up a pizzeria in the northeast about nine months ago. I am in my early to mid 20’s, have worked in the business for about six plus before opening my own place. I have been doing great, sales for year one (which will be in may) 750k-800k +.
Now, i realize there are a ton of bills your first year or so, (i spent 20k plus on bills alone in july, not including food/labor!). Although i am doing well, it seems that i should have more saved up.
My question is how much should a business in my sales range should make, net profit. I believe I should profit 30-33% I’ll break down my monthly cost…
sales: 62k
food/supplies: 19-21k
payroll: 16-17k
rent: 2.4k
gas/elec: 1.1k-2.0k (depending on season)
phone: $100
garbage: $240
advertising: $700
net profit should be around 18k-20k+???
Those are the average monthly exp. I have paid off a ton of bills for the business, though i do own for the business still (loan from my father). however, seems like theres weeks where i’m spinning my wheels. Any help from a experienced business owner would greatly be appreciated.
Thanks
Now, i realize there are a ton of bills your first year or so, (i spent 20k plus on bills alone in july, not including food/labor!). Although i am doing well, it seems that i should have more saved up.
My question is how much should a business in my sales range should make, net profit. I believe I should profit 30-33% I’ll break down my monthly cost…
sales: 62k
food/supplies: 19-21k
payroll: 16-17k
rent: 2.4k
gas/elec: 1.1k-2.0k (depending on season)
phone: $100
garbage: $240
advertising: $700
net profit should be around 18k-20k+???
Those are the average monthly exp. I have paid off a ton of bills for the business, though i do own for the business still (loan from my father). however, seems like theres weeks where i’m spinning my wheels. Any help from a experienced business owner would greatly be appreciated.
Thanks