Owner / Operator, Restaurant Salary
Restaurant Owners in the United States are often veterans in their line of work, with slightly more than half bringing more than 10 years of experience to the table. Salaries slide in at $59K per year on average but can range from $28K to $169K per year. Cash earnings for Restaurant Owners — which occasionally include more than $24K from bonuses and more than $51K from profit sharing — stretch from around $28K to approximately $169K. Residence and career duration each impact pay for this group, with the former having the largest influence. More than a third enjoy medical while close to a fourth get dental coverage. Vision coverage is also available to slightly less than a fifth. The majority of Restaurant Owners (67 percent) survey respondents are male. Work is enjoyable for Restaurant Owners, who typically claim high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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
As Restaurant Owners transition into upper-level roles like Food and Beverage Directors, it's possible that they won't see a change in salary. Food and Beverage Directors earn the same amount as Restaurant Owners on average. Restaurant Owners most often move into Restaurant General Manager or Restaurant Manager roles. However, the former pays $16K less on average, and the latter pays $23K less.
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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.
Restaurant Owners with a lot of experience do not necessarily enjoy more money. The average inexperienced worker earns $57K, and someone who has worked for five to 10 years can expect a bigger median salary of $60K. After working for 10 to 20 years, Restaurant Owners make a median salary of $71K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $73K.
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