ABSTRACT
All the costs of occupying a physical area. For many foodservice establishments, the most significant cost is rent. If a foodservice operation owns its own facility, however, these costs include property taxes, mortgage expenses, and property insurance expenses. In the USA, the average occupancy costs are 4-10 per cent of total revenues. According to Deloitte & Touche - a large international consulting and financial advisory firms - each of the following should be categorized under occupancy costs on the income statement:
