Owner / Operator, Restaurant Salary
The majority of Restaurant Owners in the United States — just under three-fifths — boast more than 10 years of experience in their profession. Salaries stretch from $27K to $187K per year, and the median is $62K annually. With some bonuses approaching $26K and certain profit sharing proceeds approaching $51K, overall incomes of Restaurant Owners spread between $27K and $187K depending on individual performance. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Most Restaurant Owners report high levels of job satisfaction. Restaurant Owners who participated in the survey are largely men, dominating at 66 percent. Approximately two in five enjoy medical while nearly one in four get dental coverage. Vision coverage is also available to nearly one-fifth.
|Salary||$24,583 - $175,399|
|Bonus||$0.00 - $25,532|
|Profit Sharing||$0.00 - $51,278|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$27,342 - $186,564|
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 sometimes move into a Food and Beverage Director role, where the salary is similar. Restaurant Owners most often move into positions as Restaurant General Managers or Restaurant Managers. Restaurant General Managers actually earn $22K less on average, however, and Restaurant Managers earn $29K less per year than Restaurant Owners do.
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Pay by Experience Level for Owner / Operator, Restaurant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Folks with fewer than five years of experience take home $55K on average, and those who have worked for five to 10 years see a bigger median salary of $65K. Restaurant Owners see a median salary of $76K after reaching one to two decades on the job. Survey participants with more than twenty years of experience only make around $74K on average, though; this group reports a lower median than the one claimed by mid-career individuals.
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Key Stats for Owner / Operator, Restaurant
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