Owner / Operator, Restaurant Salary
With about three in five of Restaurant Owners in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Restaurant Owners is $60K annually and can range from $29K on the lower end to $153K per year near the higher end. Cash earnings for Restaurant Owners — which occasionally include more than $28K from bonuses and more than $61K from profit sharing — stretch from around $29K to approximately $153K. Geography is the biggest factor affecting pay for this group, followed by career length. Around one in three enjoy medical while about one in four get dental coverage. Vision coverage is also available to one-sixth. Male Restaurant Owners are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 57 percent of the field. Job satisfaction is high and work is enjoyable for most Restaurant Owners. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
|Salary||$30,780 - $144,864|
|Bonus||$0.00 - $30,000|
|Profit Sharing||$2.79 - $61,788|
|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).)
|$31,095 - $154,281|
|Bonus||$0.00 - $30,000|
|Profit Sharing||$2.79 - $61,788|
|Total Pay (||$31,095 - $154,281|
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. (Copyright 2017 PayScale.com)
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 tend not to experience significant pay changes as they move up the career ladder to roles like Food and Beverage Director. The two jobs pay about the same on average. Restaurant Owners most often advance into Restaurant General Manager and Restaurant Manager positions even though the median salaries are $18K lower and $24K lower, respectively.
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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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