What do you consider to be a banging business???

Discussion in 'The Think Tank' started by jokergerm, Sep 5, 2010.

  1. jokergerm

    jokergerm Active Member

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    I was reading the thread about marketing tips for a banging busniess and i was wondering what kind of weekly sales you consider to be a banging business, so i have a point of refference.

    I consider my 2 stores to be almost banging i guess. We average about 12k a week at my new store and about 10k a week and my old store ( by old i mean 1 year old)

    I am rather happy with my sales. I would like to see 15k a week but i think with my rent under 2500 for both stores combined and pay roll under 15k a month total for both stores, that we are doing ok

    Looking for some feed back on what a "banging business" is
     
  2. Pizza of the Month

    Pizza of the Month Active Member

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    I first thought was to say a banging business would have to have sales over the average Domino's and Pizza Hut. With labor and food costs under 50% of sales. :D

    My second thought was to say a banging business should give you a six figure income these days. :D

    But I really think that if you have a banging business you are happy and satisfied no matter how the books look. :D
     
  3. jokergerm

    jokergerm Active Member

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    I can respect that.

    Do you have an idea of what an average dominos does a week or month? i would guess the national average for a dominos is 50k a month

    My food and labor range from 50-55% never higher
     
  4. piemaker2007

    piemaker2007 Member

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    joker what is the population of your service area and what kind of town is it (college, tourists, etc).

    Bryan
     
  5. bodegahwy

    bodegahwy Well-Known Member

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    To me "bangin" is unique to the market and buildout. Bangin in 600 square feet in a small town sit down is very different from bangin in 2000 square feet in a major campus delco.

    For us bangin is Christmas week. 1600 square foot delco in a resort market. In a good year we will do 30K in a week but we only get to do that one week per year. Otherwise, anything above 15K per week is quite good.
     
  6. Pakula's Pizza

    Pakula's Pizza Member

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    I am in the suburbs of ny. With the cost of living so high, a banging business I'd say would be about 20k a week. Not to say my pArtner and I don't make a decent living on 500k a year but I want to be rich. Not comfortable.
     
  7. jokergerm

    jokergerm Active Member

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    my new store is in a town with a population of 30k. with a average income of 30k. There is a domions that does over 100k a month, I know cause i hired the manager, a papa murphys that does about the same, and 4 other mom and pop places and me. And we have been doing really well in my book. Yes we have a Community college but its only 1500 people and we dont go there much

    My other store is in a retirement town 20 miles away were the average age is 62, yes the average and the average income is 55k. And we a have a domions and a papa murphys, Pizza factory went out of business 1 year after we opend up, and there is 2 other mom and pop places and US.
     
  8. indie pizza

    indie pizza New Member

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    Of course, there are a lot of variables (mostly pricing) and I think you're more than aware of that. For my business concept, I have to do $3500/wk to break even with me working 40+ hours a week. That includes a very large mortgage and equipment loan payment. Although I was lucky to hit 3K/wk when we took over, we're very comfortable now. I think we'll peak at about 7K/wk, I don't think our small kitchen can handle much more volume than that.

    But, with our model and what our family needs, I don't think either my wife or I would need to work at that volume.
     
  9. Pizza of the Month

    Pizza of the Month Active Member

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    The latest figures I saw where close to that. I think it was 660K per year. Thats about 55k per month.

    50-55% is great. I am between 50-55% as well. I will hit about 880K this year. '09 was 799k.
     
  10. jokergerm

    jokergerm Active Member

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    Are you 1 store or 2?

    We have 2.

    You should be making about 25% profit if your doing 880k a year in one location
     
  11. Pizza of the Month

    Pizza of the Month Active Member

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    I have 1 store. 25% is right. I am thinking about another location in 5 years or so. Depending on the right people will be the main factor for another "banging business".
     
  12. Piper

    Piper Active Member

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    If you're making enough money and are happy with what you're doing, then you've got a bangin' business!