Archive
Tag: prime cost
-
·
Why a 3-Time Markup Doesn’t Work for Pricing a Menu
Too many restaurant owners follow this outdated profit-killing practice, and I want to explain why a three-time markup doesn’t work for pricing a menu.
-
·
Why Most Restaurant Operators Never Create a Budget
A budget is critical to your restaurant’s success. So why don’t more restaurant operators have and use a budget? Let me shed some light on the dreaded restaurant budget using six common excuses why independent operators never have one.
-
·
Food Cost Formula to Find Target for Independent Restaurants
Searching for the food cost formula to find your target for your independent restaurant? Let's talk about the right question to ask and the best way to answer it.
-
·
How to Run a Restaurant – a Former CFO’s Journey With Systems
Steve was a CFO before he opened his restaurants. He is a numbers guy and understands budgeting very well. In this episode of The Restaurant Prosperity Formula podcast, Steve talks about the things he learned in budgeting for restaurants after working with David.
-
·
Menu Engineering to Control Restaurant Food Cost
Menu engineering to control restaurant food costs can be one of the most powerful tools an independent restaurant can have at their disposal. If you want to make the most profit on your menu, you have to reengineer it.
-
·
Restaurant Break Even Analysis to Increase Success of Independents
Are you out there looking for the restaurant break even analysis to increase the success of your independent restaurant? Here’s why it’s important to understand why you should know how to lower your break even point to find a path to success to get through this pandemic.
-
·
Why Restaurant Owners Must Know the Prime Cost Formula
Prime cost is the one number you must know to make any money in the restaurant business. The prime cost formula is a measurement of your ability to be profitable and gives you information about how you can.