Home Restaurant Free Restaurant Business Plan 4.14 Industry Payroll for Target Market Analysis
4.14 Industry Payroll for Target Market Analysis
In this section we take a analyze the Industry Payroll Analysis for the full service restaurant industry in Westchester County. This analysis contains three sections:
- 1. The first section deals with examining the trend for the annual payroll for the full service restaurant industry in Westchester County.
- 2. The second section deals with examining the trend for the average number of employees per establishment.
- 3. The third section deals with the examining of trend for average annual employee payroll - this again is a computation which is arrived at by dividingthe total annual payroll for full service restaurants in Westchester County by the total number of paid employees per establishment.
What we see in section one is that there has been a steady increase in the total annual payroll for the full service restaurant industry in Westchester County.The cost of getting help has been increasing dramatically and over the decade covered by this analysis the change has been almost 80%, resulting in the total payroll in 2007 for this industry standing at $218,556,000.Section two shows us the total number of employees employed by the full service restaurants in Westchester County, and here we see an almost 35% growth
Finally section three, ties all this together by showing us the payroll for the average employee in the full service restaurant industry over the same decade. We see a growth of 32%. It is important to note that in the full service restaurant business, the official payroll for any employee only represents a portion of their total income. Tipswhich are a major source of income for those working in restaurants, do not necessarily get reported. Also important to note is that many folks working in thisindustry tend to work part fime or have second jobs. Often waiting on tables is a second job for many young folks who are putting themselves through college or working
Quick Links:
- Go to the Corresponding Template section for this industry.
- Go to the Corresponding Questionnaire section for this industry.
Small Business Owner Resource Center
Articles on the Small Business Financing Sources, the Small Business Loan Basics, small business loans Checklist and SBA Loans are incredible sources of knowledge for the small business owner.
Credit Report and Credit Score Analysis, how to Read a Personal Credit Report and all about Business Credit cover the intricacies of credit and are required reading for everybody.
The Foundation Grant Directory is a free listing of sources for grants by state. Why not look if there is some free money out there for your business. Hey - you never know!
The Business Loan Application covers every item you will need in your loan package and tells you how to get approved for business loans.
Fire your loan broker and use our Free Business Loans Bank / Lender Directory to find every bank in the country lending to small businesses.
If you are looking to start a business - look no further. Check out the Free Incorporation Guide discussion and the State Incorporation Resource Directory.
