12/14/18 Restaurant Finance Class
This one-day, Restaurant Finance for Managers class is designed for current restaurant managers who want to learn what's beyond the operating profit line or for those entrepreneurs who aspire to or are opening their own restaurant or food truck concept(s). The class is designed to provide a better understanding of the Income Statement, Cash Flow and Balance Sheets and how they interact with each other. We review many cost control methods and financial ratios, learning how they can help you interpret your business results which could increase your bottom line. We review the difference between long and short-term debt and how that can affect your business as a growing concern. We review the requirements for a Small Business Administration (SBA) loan and what is involved in the process of writing a business plan that complies with SBA standards. We also review what to look for in the Franchise Disclosure Document if you are planning to purchase a restaurant franchise.