Restaurant Budgeting 101

Restaurant budgeting 101 is a great place to start when it comes to trying to figure out your restaurant’s numbers. I’ve never wavered that the two most important systems any restaurant should have are budgets and recipe costing cards. Why? Because they're critical to your success. Let’s leave recipe costing cards on the table for now and focus on restaurant budgeting. Click the video below or keep scrolling for restaurant budgeting 101.

Let me start off by explaining the...

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Food Cost Formula to Find Target for Independent Restaurants

food cost prime cost Mar 30, 2021

What if I told you you were asking the wrong question when you're searching for the food cost formula to find your target for your independent restaurant? If you want to know where your food cost should be to make money, I want to teach you the right question to ask and the best way to answer it.

When it comes to finding the right food cost formula to find your restaurant’s target food cost, I bet you've watched a number of videos as you’ve searched. I’m willing to bet some...

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Restaurant Food Cost Saving Ideas for Independent Owners

cut food cost food cost Feb 16, 2021

Food costs have been rising on a weekly basis for darn near two decades now. Most restaurant operators are quick to attribute their high food cost to these price changes. On top of that, the echo chamber of the Internet keeps compounding the problem, feeding you bad information like the average food cost for a restaurant is 34 percent or TV shows touting a three times markup. If you want to lower your food cost, let’s review why moving past these two food cost myths will help you focus...

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Key System to Lower Restaurant Food Cost 2-3 Points

Is your food cost getting a little out of control? Are you afraid to let somebody else order product because they over order and spend your cash? Would you like to have a life and get to leave your business? Well, watch this video or keep scrolling to read and learn the system I teach to use to lower your restaurant food cost 2-3 points overnight.

I’m going to cover a key food purchasing system in this video: the restaurant purchase allotment system.

To start, I have changed people's...

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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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