One question we are often asked by business owners is how their business fares compared to other businesses in the same industry. In this blog post, we share the key benchmarks for coffee shops.
Turnover up to $250K
Cost of sales to turnover: 38%
Labour: 20%
Rent: 15.5%
Vehicle expenses: 2.5%
Other expenses: 7%
Profit: 17%
Turnover between $250K to $600K
Cost of sales to turnover: 37%
Labour: 24.5%
Rent: 13%
Vehicle expenses: 1.5%
Other expenses: 12%
Profit: 12%
Turnover above $600K
Cost of sales to turnover: 35%
Labour: 29%
Rent: 9.5%
Vehicle expenses: 0.5%
Other expenses: 17%
Profit: 9%
One of our partners at Fortiz Accountants has extensive background in Hospitality and F&B operations. Contact us if you require any advice or assistance with ensuring the profitability of your F&B Business.