As the year ends, it’s time to analyze your restaurant’s profits and losses to make the best business decisions possible in 2020. While reviewing past sales data and historic patterns can help you foreshadow future revenue, they don’t paint the whole picture. It’s also important to consider how external factors can influence sales forecasts.
In this guide to restaurant forecasting, we’re explaining what restaurant forecasting is, why it’s an important exercise to do, how to analyze your restaurant profitability in 2019, and which external factors you should incorporate into your forecast for 2020. We foresee sunny days in your restaurant’s future!