#70: Unlock Your Restaurant's Profits with These 3 Food Cost Formulas
April 19, 2023 by David Scott Peters
I am sure you’ve been told you need to calculate your food cost. Heck, you’ve probably heard from several experts that your food cost target is a 34% food cost, or that you’re supposed to mark up each of the food items on your menu 3 times. Well, neither of these methods is correct. Flush them from your mind because they are total BS.
In this episode of The Restaurant Prosperity Formula, I will explain why those approaches are wrong and why it’s important to know your food cost.
I’ll also explain what you should be doing to calculate your food cost, including the three food cost calculations you must know to control your food cost. You’ll learn how comparing all three of these numbers will allow you, for the first time in your restaurant life, to gain valuable insights into your menu that will allow you to virtually unlock your profit potential.
Listen now to unlock your restaurant’s profits with the three food cost calculations.
If after listening to this episode, if you don’t work toward knowing all three food costs for your restaurant, you will continue to lose money or not make as much as you can. You will also continue to struggle with kitchen management and kitchen operations. This is information that will help you be a stronger leader in your restaurant and a smarter restaurant operator overall.
Learn the 3 principles the most successful restaurant owners follow and how you can learn to follow them, too: https://dsp.coach/principlesx3
Sponsor – Repeat Returns: http://repeatreturns.com/dsp
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