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4 Steps to Calculate Restaurant Food Cost

food cost Oct 15, 2019

Food cost is one of the most important things you have to calculate in your restaurant business. Mostly because it's a part of the most important calculation - restaurant prime cost. If you don't know what restaurant prime cost it, read this post on it.

To learn how to calculate your actual food cost, watch the video, or continue reading below.

Most restaurant owners aren't calculating their food cost properly.

Once you have a budget and have set your target food cost, you...

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Do Service Charges in Restaurants Make Sense?

There has been a trend of adding service charges in restaurants that directly charge the guest for business operations, such as rising food prices and increasing minimum wage. Should you be using service charges in your restaurant? Watch this video, or continue reading below, to hear my opinion and reasons for that opinion. 

There is a major change in the restaurant industry and it's the appearance of service charges in restaurants. In some cases it's in place of tips. I don't think...

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What Is the Food Cost Formula

Understanding your food cost in your restaurant is very important. Let's cover the food cost formula. Watch this video (or keep reading) to learn the food cost formula.  

When you want to find your restaurant's food cost, it would be nice to have a food cost calculator. But since that's really lacking, let's instead focus on the food cost formula so you can calculate it yourself anytime. 

What Is the Food Cost Formula?

  • Beginning inventory (what you started with on the...
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