How do your business results stack up? Meet the Restaurants Canada Operations Report
With rising food and labour costs, not to mention other expenses, restaurant owners must work harder than ever to remain profitable.
How are you doing?
Restaurants Canada’s 2016 Foodservice Operations Report will help you compare your business to others. It will identify areas where your costs are too high (or possibly too low), with profit margins and detailed operating expenses broken down by type of restaurant and by province.
Here are a few highlights:
- The average commercial foodservice business in Canada earned a pre-tax profit margin of just 4.2% in 2014. This is down slightly from 4.3% in 2013.
- Cost of sales remains the largest expense for restaurant operators, at 34.0% of operating revenue.
- Labour costs account for 31.1% of operating revenue. Although this dropped slightly from 31.5% in 2013, labour costs have increased steadily over the last decade.
- Rental and leasing costs, at 8.0% of revenue, are the third-largest expense.
These findings are based on newly released data from an in-depth annual survey by Statistics Canada.
To get your free copy of this informative, 45-page report, log in to your Member Portal.
Not a member? Click here to join!