Shows the 'payback' time of equipment purchases. Takes into account the saving or profit increase expected and how long the equipment will last. Compare this to bank interest and new equipment can often be an excellent investment. Useful for justifying purchasing decisions!
To start, click in a white cell and press TAB. Now enter your own figures - results calculate automatically. Print to keep a record (does not save). Members of Profitable Hospitality Online can Download this spreadsheet to use at any time.