If you’ve recently started a restaurant business, you’ve probably heard of the importance of key KPI indicators to measure business performance. One elements that require daily monitoring in order to guarantee the correct operation of the restaurant and ensure its success.
It should be clarified that KPI indicators They go beyond finding a nearby restaurant based on location. Because these indicators will allow restaurant owners measure, adjust and even evaluate all internal restaurant operations, hence its importance in maintaining success.
Nor does it assume or relate to the development of a marketing plan for the business, they are factors exclusive to restaurants that deserve your understanding time.
What are the key KPI indicators for measuring restaurant performance?
At this point, anyone is wondering what KPI indicators are and their importance so great that it drives certain organizations to provide solutions by applying KPI indicators.
As well, these indicators are a measurement in essence, it determines the level of performance that is being used, allowing to evaluate the efficiency with which a company in question achieves its most key business objectives for its success. And by its acronym in English, they are identified as Key Perfomance Indicators.
How are they identified?
Typically all KPI indicators share some characteristics elementals that allow them to be identified as such. Hence, at the beginning they require or merit proper advice to be able to understand more widely the applicability of each one.
In fact, the applicability It is the first characteristic that all KPI indicators must have in order to be classified as realistic, they are achievable indicators. That is why they all require be clearly defined, because all the data to be recorded must be shown as exact.
And how can they be clearly defined? Based solely and exclusively on real data, so nothing should be left or registered at random. So much exactitude demanded is not with another objective more than to allow each KPI indicator is understandable from the first moment it is defined.
Finally, something that was mentioned at the beginning is that they must be regularly monitored to be able to study as it should be. To this you can add certain tools that allow you to register all the indicators in an easier way.
In conclusion at this point, the base typology of the restaurant should not matter because the most important thing will always be to monitor all the KPI indicators.
What are the key KPI indicators for restaurant control?
KPI indicators should always ensure that help the restaurant increase its profits and the margin of success that it may have. That is why if you still have no idea where to start with them, here are some that can lead anyone to success:
Control and be aware of the money inflows and outflows It is what guarantees that any restaurant is sustainable over time. In addition, it allows determining how viable the restaurant project is being, since it must be ensured that expenses never exceed total profits.
For example, if you invested so that your restaurant is among the top of the best food delivery restaurants, make sure it is profitable.
Raw material costs
Those expenses that must be paid for in order to maintain the preparation of food and drink to perform the service to customers, are the raw material costs. They are easy to control if the preparation of an initial inventory is used as a mechanism where all inputs are recorded.
The initial prices of the products that are used for the preparation of food or drinks in the restaurant, lead to a certain production cost. This cost can be understood as a final addition to the total price of a product or service.
To satisfy the client
No customers, no incomeThis indicator can be understood that simply highlights the importance of keeping any customers who choose to consume happy. No point can be added or will make sense if it is not taken as a priority that customers are satisfied.