Restaurant Unstoppable with Eric Cacciatore 822: Stephani Robson - Business planning workshop part 2 of 3 - Pro Forma
With excitement, allow me to introduce to you today's guest: Emeritus Faculty of The Hotel School of Cornell University, Stephani Robson. Until her recent retirement, Dr. Stephani Robson was a member of the faculty at the Cornell University School of Hotel Administration for almost 30 years, where she taught literally thousands of students and executives about development and planning for hotels and restaurants. Prior to joining academia, she designed commercial kitchens for just about every kind of operation: restaurants, hotels, airports, hospitals, universities, and more.
Check out episode 802: Ramp Up To Financial Sustainability with Ken Schwartz as mentioned in today's workshop.
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In today's episode with Stephani Robson we will discuss:
- Occupancy cost thumb rule: money you spend on real estate
- Rent
- Property tax
- CAM - common area maintenance
- NO MORE THAN 10% IN REVENUES
- What is your average check?
- Be specific
- How many covers/units of sales
- Don't multiple by 52/every week is not equal
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Contact info:
Email: skr4@cornell.edu
Thanks for listening!Thanks so much for joining today! Have some feedback you'd like to share? Leave a note in the comment section below!
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Huge thanks to Stephani Robson for joining me for another awesome episode. Until next time!
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