Owner / Operator, Restaurant Salary
Restaurant Owners in the United States are often veterans in their line of work, with three in five bringing more than 10 years of experience to the table. Salaries slide in at $62K annually on average but can range from $29K to $194K per year. Cash earnings for Restaurant Owners — which occasionally include more than $26K from bonuses and more than $61K from profit sharing — stretch from around $29K to approximately $194K. Geography is the biggest factor affecting pay for this group, followed by tenure. Over a third report receiving medical coverage from their employers and about one in four collect dental insurance. Most Restaurant Owners report high levels of job satisfaction. Restaurant Owners who participated in the survey are largely men, dominating at 65 percent.
|Salary||$25,253 - $178,175|
|Bonus||$0.00 - $25,532|
|Profit Sharing||$0.00 - $61,327|
|Total Pay (||$29,448 - $193,916|
Job Description for Owner / Operator, Restaurant
The owner/operator of a restaurant is typically the top manager of either a privately owned or franchised location. He or she normally supervises middle managers to ensure that the restaurant meets quality and safety standards. The owner/operator also helps ensure accounting and bookkeeping is performed accurately. Additionally, they oversee day-to-day operations, interacting with staff and guests.Read More...
The owner/operator sets up the business plan for the restaurant, which includes establishing operation standards in all areas, from purchasing to sanitation to culinary execution to service. He or she typically has a chef and/or general manager who are direct reports. These personnel typically provide input into standards and are tasked with executing them. They work with the owner/operator to ensure that other supervisory personnel are properly trained and that all systems in the restaurant assist in facilitating the owner/operator's goals.
The owner/operator must pay close attention to the restaurant's profit and loss statements. He or she must be skilled at analyzing fixed and discretionary costs to help ensure the profitability of the location. The owner/operator also ensures that accounts payable and receivable are handled efficiently, typically through a dedicated accountant or bookkeeper.
Finally, as a visible presence within his or her own restaurant, the owner/operator typically spends time visiting and greeting guests and inquiring about their experience. He or she also does the same with hourly employees and observes areas where management can find opportunities to increase workers' abilities.
To work as an owner/operator, a person typically must have extensive restaurant management experience. It typically is a self-employed entrepreneurial situation, but managerial experience in the hospitality field is strongly recommended. An owner/operator typically works long hours during the week and weekends to help ensure their establishment runs smoothly and profitably.
Owner / Operator, Restaurant Tasks
- Oversee the operation of a restaurant, and coordinate employees and processes to ensure the restaurant runs efficiently.
- Maintain standards for food and service quality, safety, and sanitation.
- Manage the restaurant's administration, finances, and budget, working to ensure the establishment stays profitable.
- Ensure the restaurant building, facilities, and grounds are maintained and meet government regulations.
- Hire, train, and supervise restaurant managers, determine their duties, and evaluate their performance.
Common Career Paths for Owner / Operator, Restaurant
Restaurant Owners who move into a Food and Beverage Director role might bring in a slightly lower salary; Food and Beverage Directors earn $62K a year on average. Restaurant Owners most often move into positions as Restaurant General Managers or Restaurant Managers. Restaurant General Managers actually earn $25K less on average, however, and Restaurant Managers earn $32K less per year than Restaurant Owners do.
Pay by Experience Level for Owner / Operator, Restaurant
Pay by Experience for an Owner / Operator, Restaurant has a positive trend. An entry-level Owner / Operator, Restaurant with less than 5 years of experience can expect to earn an average total compensation of $58,000 based on 43 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Owner / Operator, Restaurant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $71,000 based on 36 salaries. An experienced Owner / Operator, Restaurant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $75,000 based on 49 salaries. An Owner / Operator, Restaurant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $74,000 based on 37 salaries.
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Key Stats for Owner / Operator, Restaurant
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