In this episode of the Restaurant Success Podcast, veteran restaurant advisor Matthew Mabel reveals why mastering your financials is one of the most powerful levers for increasing restaurant profit. Whether you're running a growing multi-unit restaurant business or looking to scale your entrepreneurship journey, understanding your numbers is essential. Matthew walks through critical self-assessment questions every restaurant owner should ask, explains why many successful restaurant groups still operate with outdated financial systems, and shares the four biggest challenges he encounters even in multi-million dollar operations. If you're serious about restaurant business growth and want to add two points to your bottom line, this episode delivers the strategy and tactics you need.

Key Topics Covered

• Critical questions to assess your restaurant's financial tracking and reporting
• What separates modern restaurant operators from those stuck in the past
• The four challenges: Format, Literacy, Monthly Accounting, and Lack of Transparency
• Why switching to 13-period accounting cycles benefits independent restaurant groups
• The power of open book management and sharing financial information with your team
• How P&L literacy among managers drives profitability

Links Mentioned

• For Breakthrough Restaurant Performance in 2023, Share Information Your People Crave: https://surrender.biz/for-breakthrough-restaurant-performance-in-2023-share-information-your-people-crave/
• How Creating a Culture of Trust Benefits Top Restaurateurs: https://surrender.biz/how-creating-a-culture-of-trust-benefits-top-restaurateurs/

Resources Mentioned

• Website: www.surrender.biz
• Free initial consultation available

Connect with Matthew Mabel

Matthew works with owners of successful, independent, multi-unit restaurants to improve:

• Profit growth
• Sales optimization
• Guest count increase
• Unit expansion
• Employee engagement
• Brand loyalty

How to Support the Show

• Subscribe to the Restaurant Success Podcast and Newsletter
• Rate and review the show
• Visit www.surrender.biz for additional resources