Ep #60: The Most Expensive Mistakes Restaurant Owners Make with Dan Engel
What financial mistakes could be quietly costing your restaurant thousands of dollars? Even when sales look strong, poor cost tracking, unchecked expenses, and financial habits that seem small in the moment can add up quickly and make it harder to see when your business is heading in the wrong direction.
In this episode, we're joined by returning guest Dan Engel, restaurant accountant and owner of Engel Accounting, to break down some of the most expensive mistakes he sees restaurant owners make. We discuss where owners commonly lose track of their money, which costs deserve closer attention, and why understanding your numbers gives you a chance to make changes before it's too late.
Whether you're running an established restaurant or evaluating the financial health of a business you want to buy, this conversation offers a practical look at the numbers behind restaurant profitability. Tune in to learn which financial habits can hurt your bottom line and where restaurant owners should be paying closer attention.
If you’re considering selling your business and would like a free consultation, reach out to patrickAndAndy@therestaurantsalesbroker.com or visit TheRestaurantSalesBroker.com/Services to learn more.
What You’ll Learn from this Episode:
The biggest financial mistake Dan sees restaurant owners making.
Why accurate cost tracking matters to your restaurant's bottom line.
Which expenses can quietly grow when no one is paying attention.
What today's labor and food costs mean for restaurant profitability.
Why menu pricing deserves regular attention.
How certain types of borrowing can create serious cash flow problems.
Why doing the math matters before and after you buy a restaurant.
Listen to the Full Episode:
Featured on the Show:
If you enjoyed today’s show and don’t want to worry about missing an episode, be sure to follow the show wherever you listen to your podcasts. We would really appreciate it if you could share the podcast with others who you think would benefit, and leave a rating and review to let us know what you think!
Engel Accounting: info@engelaccounting.com
Episodes Related to Expensive Mistakes Restaurant Owners Make:
Full Episode Transcript:
Enjoy the Show?
Don’t miss an episode, follow the podcast on Apple Podcasts, Spotify, YouTube Music, RSS, or wherever you listen to podcasts!
Comments