The 5 numbers that tell you everything.
Most venue owners check their revenue. The best check these 5 numbers every week. Here's why each one matters and what yours should look like.
Prime Cost %
Food cost plus labour cost, divided by revenue. This single number tells you if your venue is healthy or bleeding. If it goes above 65%, you're working for nothing.
AU benchmark in the full guide
Revenue per Cover
Not your busiest night. Not your best week. Your average spend per seated guest. This is the number that compounds. A $3 improvement across 200 covers a week is $31,200 a year.
AU benchmarks by venue type in the full guide
Labour to Revenue %
The percentage of every dollar that goes to wages. The benchmark is 30%. Most venues run 38-42% and don't know it. Every percentage point above target is money you're giving away.
AU benchmark + formula in the full guide
Break-Even Covers per Day
The exact number of guests you need through the door before you make a single dollar of profit. Do you know yours? Most venue owners don't. That's the problem.
Use our free calculator to find yours
Table Turn Time
Average minutes from seat to settlement. Add 10 minutes to this number and watch what happens to your Friday night revenue. The difference between 75 minutes and 85 minutes is thousands per week.
Benchmarks + revenue impact formula in the full guide
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The exact formulas, Australian benchmarks by venue type, and how to pull each number from your POS and accounting system. Free. No spam.
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