Sample Objectives and Key Results (OKR) for Restaurant Franchises

Restaurant OKR Sample

According to the National Restaurant Association (NRA), there are 1 million+ restaurant locations in the U.S. with 15.6 million employees. Even in these changing times, the industry is still a major employer. See some sample Objectives and Key Results (OKRs) for restaurant franchises below.

OKRs

  1. O: Increase franchisee revenue.
    1. KRs:
      1. Increase sales by 3%.
      2. Have 150 people buy the holiday promo.
      3. Increase average check size by 5% to $6.25.
      4. Increase catering sales by 10%.
    1. Initiatives:
      1. Put crew through upsell training.
      2. Increase coffee prices by 10%.
      3. Execute one holiday social media campaign.
      4. Cold call 100 local businesses to discuss catering.
  1. O: Adapt to changing operating environment.
    1. KRs:
      1. Make online orders 30% of total sales.
      2. 0 days shut down for sanitization due to an infection.
      3. Average cleanliness audit/self-assessment compliance exceeds 85%.
      4. Maintain 12 months of financial runway.
    1. Initiatives:
      1. Install plexiglass around all cash registers.
      2. Set up new employee temperature check processes before every shift.
      3. Perform daily cleanliness self-assessments in FranchiseBlast.
      4. Secure a $100,000 bank loan.
  1. Increase franchisee profitability.
    1. KRs:
      1. Make the seasonal beverage category 20% of total sales (or another strategic, high margin category).
      2. Keeps COGS (cost of goods sold) under 33% of sales.
      3. Keep labor costs under 33% of sales.
      4. Obtain an average online rating above 4 stars on Google.
    1. Initiatives:
      1. Reduce evening staff by two people.
      2. Engage in an online Facebook campaign about seasonal beverages.
      3. Perform weekly theoretical versus actual food cost reviews.
      4. Perform daily reviews of Google review feedback.

Hopefully these sample objectives and key results have helped you out. Do you want to take it a step further? Learn more about strategy and restaurants by checking out the following:



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