1. Retention or Repeat Visitor date

To keep a restaurant, or any business, for that matter, running, it is very important to have a loyal customer base as we cannot get new customers everyday.  Even if you have the world’s best food, but you don’t provide customer satisfaction, it will not grow your business.

A successful business needs loyal, satisfied, and returning customers who trust you. The Retention or Repeat Visitor Date is the total number of customers – the number of new customers that you have got during that specific period / the number of customers you had in the initial period *100. 

Its important to choose a right CRM for Restaurants with focus on Retaining customers with collecting feedback, Automated campaigns and Loyalty management with Whatsapp based integrations.

2. RevPASH

RevPASH is the Revenue per Available seat hour at a given time. RevPASH is used to schedule the staff at the restaurant according to the seats at that particular hour. It helps the restaurant to plan the meals, increase the staff availability, etc.., 

RevPASH = total restaurant revenue/number of seats available * the number of working hours of the restaurant 

3. Prime Cost

Prime Cost is the COGS + the cost of the Labour that goes through in making the food at your restaurant.

It is really important for a restaurant to track down the prime cost on a weekly basis to find out the profit margin and see where they can make things better and run the restaurant in a better way.

4. COGS

COGS is the Cost of Goods sold which is the amount of money that you spend to create or make the food items that you sell in your restaurant. It is a total of all the expenses like the grocery, veggies, and all of the expenses that you make.

It is really important for you to know all the expenses that you make to know the profit and loss that the restaurant goes through.

5. Cash Flow

Cash flow is the amount of money you have on hand with you. On an everyday basis, you receive money for every order, and you spend some money on all the necessities. 

Keeping track of the money that you make and the money that you spend is the cash flow, and it is really important for you to keep track of all the expenses and all the income that you make.

So choosing a right Accounting software focused on Restaurant business will help to Automate your book keeping and see your cashflows on the go.

Conclusion

Running a restaurant business successfully needs you to check on a few KPI in restaurant business that are above, and you also need a good restaurant POS system to help you with that. 

If you have a good restaurant POS system with all the necessary restaurant calculations and restaurant performance metrics to keep your business on track, it definitely helps keep your business up and running.

PosBytz offers complete accounting software integrated with core POS and restaurant business operations from managing the inventory to sales for multiple sources. A complete Restaurant Management Software for your restaurant to manage your business very efficiently.

Related Resources

• Best POS Software for Restaurants in UAE
• Best Quick Service Restaurant (QSR) POS Systems
• What are Pos Reports?
• Best Cloud Kitchen POS Software
• What Is a Retail POS
• 8 Best POS Inventory Systems