BASIC FIXED & BREAK EVEN FORM

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Presentation transcript:

BASIC FIXED & BREAK EVEN FORM

Overview The Basic Fixed & Break Even Form: Provides an analysis of your overall costs & minimum break even point Allows HQ to analyze the data as a system, market and store to seek opportunities Provides you the information needed to seek solutions that strengthen your profitability Simple, easy to use & only takes a few minutes

How the Data is Used Data for illustration purposes only

How the Data is Used Data for illustration purposes only

Completing the Form Step One: Download the form on FishNet Franchisee Info > Business Planning > Basic Fixed Form.xls

Completing the Form Step Two: Enter the following information Credentials: Name Store number Coordinators name Average monthly charges: Gas Electricity Telephone Garbage Removal Insurance (yearly amount)

Completing the Form Average yearly amounts: Rent* (monthly rate): Base rent + CAM charges * If you pay a percentage rate, enter the WEEKLY rate paid Labor & Taxes (weekly): Minimum labor wage Hours open Managers weekly salary Average yearly amounts: Miscellaneous (taxes, office supplies, fees, etc) Repairs & Maintenance Note: weekly & total fixed costs are automatically calculated once information has been entered; weekly calculations are based on the average number of weeks per month

Completing the Form Step Three: Calculate your Gross Margin Ratio Enter your Food Cost, Royalty and Advertising expenses in decimal form 1 – (0.28) + (0.08) + (0.045) = 0.595 Once you have completed the basic fixed costs & the gross margin ratio, the worksheet will provide you with the WEEKLY break even point

Business Chassis Leads: prospects or potential customers Conversion Rate: those that could have bought vs. those that did Customers: the number of different customers we serve # of Transactions: the frequency or number of times each customer visits Average Ticket: the average price of the items we sell Total Revenue: the total sales generated as a result of the business Margins: the percentage of each sale that is profit Profit: the goal of the effort

THANK YOU!