Average Salaries for Restaurant Owners. On average, restaurant owners can see salary ranges from $24,000 a year to $155,000 a year. That’s quite a broad range. Restaurant location, size, menu offerings, and amenities all factor into these salary projections.

How much does a CEO of a restaurant make?

The average package for a restaurant CEO increased from USD $4.70 million to USD $4.95 million over the last year, with average salary increasing from USD $733,00 USD to $763,000.

How much profit does the average restaurant make?

For example, a restaurant that rings up $1-million in sales might only return the owner a profit of $25,000 to $40,000 each year, while a restaurant owner whose establishment brings in $3-million in revenue can likely afford to pay themselves between $75,000 and $120,000, depending on their profit margin.

How much does restaurant owner / operator make per year?

An early career Owner / Operator, Restaurant with 1-4 years of experience earns an average total compensation of $60,000 based on 34 salaries. A mid-career Owner / Operator, Restaurant with 5-9 years of experience earns an average total compensation of $60,652 based on 39 salaries.

How much money can you make owning a restaurant?

Ms. Dooher adds that few people get rich owning a restaurant, though some are able to enjoy a six-figure salary. Others, however, will resist giving themselves a salary in order to keep the business afloat during difficult times.

What are the chances of becoming a restaurant owner?

Job prospects: While the barrier to entry is relatively low for restaurant owners, so is the rate of success. A 2005 study found that about one in four restaurants close or change ownership within their first year, and about 60 per cent fail within their first three years. “The closure rate is probably faster for our industry,” Ms. Dooher said.

What’s the average salary of a restaurant manager?

The average restaurant manager salary can also refer to the position of general manager, which is commonly used in many franchise chains. The average general manager salary, as reported to PayScale, is $47,838. Buffalo Wild Wings and Applebee’s had the highest-reported salaries, going as high as $70,000.