Financial Projections for New Restaurant Businesses
COMING SOON – Predict how successful your future restaurant can be with the best interactive financial projection simulator for aspiring restauranteurs.
Quick Facts
Restaurants are one of the most common new businesses for novice entrepreneurs to start. So much in fact that:
There are 1 million-plus restaurant locations in the US employing 15.6 million workers and in the United States alone.
That’s no surprise given that the foodservice industry is forecasted to reach more than $898B in sales for 2023.
But the restaurant business is not for the faint of heart. New restaurants often experience higher than average failure rates than businesses in other industries. For example:
Around 60 percent of new restaurants fail within the first year and nearly 80 percent shutter before their fifth anniversary.
However, this can be better avoided with proper planning and developing financial projections. With Projection Genie and our interactive financial simulator, we help new restauranteurs avoid launching a poorly planned restaurants by providing you with the financial analysis and reports you need to determine how to start a financially successful business before you launch it.
Projection Genie helps aspiring restaurateurs answer common questions like:
- How much money would I need to start my restaurant?
- How much will employee wages including payroll taxes and benefits cost me monthly?
- How much revenue would I need to generate for my restaurant to become profitable?
- When can I expect my restaurant to become profitable?
- When can I expect my restaurant to break-even?
- What effect would an increase or decrease in sales have on my restaurant’s profitability?
- What impact would changes to my expenses have on my cash flow?
Not only does Projection Genie help restauranteurs answer questions like these, it also provides education on common business and restaurant terminology and recommendations via tooltips and self-help articles to improve your knowledge and understanding of your potential outcomes while creating simulations and what-if scenarios.
Key Benefits:
- Easy to use. No finance or accounting skills required as calculations are done for you automatically
- Save thousands of dollars. Why pay a Certified Professional Accountant (CPA) $2,000 dollars or more to create financial projections for you when you can do it yourself cheaper, faster, and easier with Projection Genie?
- Avoid headaches. Create financial projections in less than an hour, not over weeks or months
- Avoid starting a potentially unsuccessful business and losing your investment
Key Features:
- Success Probability Ratings. We give you a snapshot of your restaurant’s probable chances of succeeding financially
- Key Industry Specific Financial Models & Ratios
- Employee & payroll models to help you calculate and put a hiring plan in place (coming soon)
- Access to our Marketing Budget model to help you plan for marketing related business expenses more accurately
- Receive calculations in any currency from around the world
- Downloadable statements, tables, and charts to insert into business plans, reports, and presentations