Opening Soon Presents: "The Build" - Decoding the P&L

Decoding the P&L

07/30/19 • 59 min

Restaurants live and die by the margins. This week’s episode is all about knowing your P&L and and what your margins should be to achieve profitability. Information we could have used during our foray into opening a restaurant. Nate Adler, Owner of Gertie, is here to help us know the numbers and where to dial in to maximize the business.

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This episode is brought to you by BentoBox, a platform that connects restaurants with people. Learn more at getbento.com/openingsoon. For a limited time, BentoBox will waive the website setup fee for all Opening Soon listeners. Offer expires August 20.

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Previous Episode

Getting Butts in Seats!

This week’s episode of Opening Soon is all about how to maximize your digital presence, basically how you can fuel the buzz of your shop in the opening days through social presence including optimizing your interiors for share worthy moments, building your website and creating an easy and efficient reservations platform. What are some best tactics to create buzz to drive revenue and visitors to your restaurant outside of PR.

We are joined by Kystle Mobayeni, Co-Founder and CEO of BentoBox and Michael Chernow Co-Founder of The Meatball Shop and Founder of Seamore’s.

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Next Episode

Real talk about Money and Capturing Investment

Let's talk about money honey. One of the most requested topics following last season was to talk more about financing options for new restaurateurs. Restaurants have notoriously slim margins and chefs aren’t known to have huge salaries. So how do you fund your project and what are potential investors looking for in your business plan?

Our guest today is Camilla Marcus, Founder and Owner/Operator of West-Bourne, an accidentally vegetarian and decidedly mindful eatery in SoHo with a triple bottom line mission. Before opening West~Bourne, Camilla was the Director of Business Development at USHG, and worked in real-estate investing at Colony Capital and CM Group. Camilla is also an active Angel Investor and a co-founder of TechTable Summit.

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