6 Financial Mistakes That Are Killing Your Restaurant (and How to Fix Them)

In this episode of Restaurantopia, the guys break down six common financial mistakes that can quietly (or not so quietly) destroy your restaurant’s profitability.
Brian Seitz leads the conversation with Anthony Hamilton and Dave Ross, bringing his experience from restaurant acquisitions and financial consulting to uncover what so many operators are doing wrong — and how to turn it around.

From mixing personal and business finances to overleveraging debt, this is a no-nonsense, practical guide to tightening up your restaurant’s money game.

💸 The 6 Big Mistakes:

1. Mixing Business and Personal Finances
   Keep your restaurant’s money separate from your personal life. Stop “writing it off” and start running your business clean.
2. Growing with Debt Instead of Cash
   Merchant cash advances aren’t growth tools—they’re traps. Learn how to fund responsibly.
3. Not Knowing Your Numbers
   Your P&L isn’t just a report; it’s your roadmap.
4. Buying Toys You Don’t Need
   Subscription bloat and shiny new tech can sink you faster than you think.
5. Paying Bills and Taxes Late
   Late fees and tax penalties are like lighting money on fire—build a contract calendar and stay disciplined.
6. Chasing Profit and Forgetting People
   Cutting corners on culture will cost you talent—and ultimately, profit.

💡 Key Takeaways

• Separate accounts, separate mindsets: your restaurant’s money isn’t your money.
• Debt can kill your business if you treat it like income.
• Review your P&L every month (or weekly if you’re struggling).
• Audit your subscriptions and spending regularly.
• Respect due dates—late payments quietly eat your margins.
• Don’t forget your team. Profit follows people, not the other way around.

📘 Bonus: Brian shares how to structure debt-equity deals responsibly, why retained earnings matter, and how to become a true “student of the game” when it comes to your restaurant’s finances.