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 be profitable. Watch the video below, or continue reading, for three reasons why restaurant owners must know the prime cost formula.
Here are 3 reasons restaurant owners must know the prime cost formula:
Number 1 - It allows you to set your food and labor cost targets. You can set your...
Have you heard about prime cost and wondered what the definition of prime cost was? Restaurant prime cost is the one number you need to know and manage to make any money in the restaurant business. Watch this video (or keep reading) to learn the prime cost formula and where to find the numbers in your restaurant.
For decades, restaurants have been run with one key number in mind. This magic number ensures that the owners make money. It’s called prime cost. To old timers like me,...
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