KITCHEN RETURN ON INVESTMENT CALCULATION
A verage Number of Knives Requiring Sharpening
30
Average Number of Times Knives are Sharpened Annually
25
Average Sharpening Service Charge per Knife
$3.00
Average Labor Cost for In-House Sharpening
$10.00
Seconds to Sharpen a Knife using In-House Sharpener
45
Estimated Annual Uses for In-House Sharpener
52
Average Cost Each for Knives
$15.00
Average Cost for Each Manual Honing Device
$50.00
Number of manual honing devices needed
1
Frequency Knives Replaced Annually
1
Electric Sharpener Estimated Price for Electric Sharpener
$240.00
SAVE OVER $1,350.00 /YEAR
IN-HOUSE SHARPENER IN YEAR 1 $0.00
ANALYSIS
SHARPENING SERVICE ANNUALLY
Estimated Electric Sharpener Cost
$2,340.00
$240.00
Estimated Labor Cost per Knife to Sharpen
n/a
$0.13
Estimated Labor Cost to Sharpen All Knives
n/a
$3.75
Estimated Annual Labor Cost to Sharpen
n/a
$195.00
Estimated Cost to Replace Knives and Steels
n/a
$500.00
Estimated Electricity Costs
n/a
$50.00
Total Estimated Cost
$2,340.00
$985.00
Estimated annual savings per location with in-house sharpener
$1,355.00
First year payback period in weeks with in-house sharpener
21.9
Second year savings in weeks
19.2
*Costs and savings are estimated, results may vary from case to case
15
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