Restaurant Budget Template Demo
Originally published: 02/07/2020 14:21
Last version published: 13/07/2020 13:41
Publication number: ELQ-90793-2
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Restaurant Budget Template Demo

Get control of your financials with ability to play with inputs to get the desired result!

Description
NOTE: This is the demo (protected) version of the model. You can get access to the UNLOCKED version of the model via: https://www.eloquens.com/tool/mzJbH74D/finance/restaurant-financial-plans-templates/restaurant-budgeting-excel-template

The restaurant budget template is an all-inclusive one-year financial planning template for the restaurant industry. The restaurant budget template allows you to project financials for your company regardless of whether you have a wide restaurant network or just a single restaurant.

This is a great tool for owners/CFOs of restaurant business to project their cash flow, purchases, and inventory turnover. The restaurant budget template allows you to see the projected profitability of your restaurants - maybe some of them are bringing losses to the company?

Our restaurant budget template contains assumptions and projections for Profit and loss statement (P&L), Balance sheet (BS) and Cashflow statement (CF), as well as detailed projections for different cost groups, e.g. salaries, rent payments, and marketing expenses. These detailed projections influence the big picture and are logically divided into different worksheets. Detailed instructions are given on each worksheet.

Functionality of the Restaurant Budget Template:
-> separate profit and loss budget and cash flow budget
-> forecast balance sheet by month
-> forecast monthly earnings by product group and structural units
-> plan positions of company's expenses: HR, Marketing, Selling costs, Administrative expenses, etc.
-> forecast workers’ payment, which is pegged to the factors affecting it, (e.g., sales volume, the level of accounts receivable, etc.), with the possibility to quickly change the parameters of the payment system which automatically affects all the remaining aspects of the financial plan
-> create a products procurement plan, taking into account the forecasting market situation and scheduled sales volumes
-> calculate optimal inventory levels
-> forecast possible settlements with suppliers as well as the possible payment schedules for certain suppliers
-> quickly change the most important assumptions of external factors that influence the development of your enterprise, which -> automatically will be reflected in all positions of the financial plan. Thus it will be possible to quickly analyze different scenarios and adjust your plans depending on the situation

Let us do the work for you!

Feel free to contact our team in case you need support with budgeting your company. Our team provides financial modeling services to companies around the world. Actually, this is our core business. We have a lot of experience in creating budgets for restaurants and therefore know the specifics of the business. Just drop us a line via Private Message on our Author Channel.

Learn more about our Financial Modeling Services and our Excel template customization services.

If you require a budgeting template for a different industry, please have a look at similar budgeting templates. If you don’t see a template that suits your industry, you might consider ordering a customized budget template. Please contact us here: https://www.eloquens.com/channel/andrew-grigolyunovich-cfa-cfm

This Best Practice includes
1 Restaurant Budget Excel Template (not allowed to edit)

Andrew Grigolyunovich, CFA, CFM, FMVA offers you this Best Practice for free!

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Further information

Financial model for a restaurant business to make a one year compelte budget plan.

Planning of financial statements: Profit and Loss statement, Balance Sheet, Cashflow statement as well as salaries, rent payments, marketing expenses, purchases, inventory turnover, etc. for one year.

The model is not applicable for several years projections. if you need to plan for several years, reach out to me.

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