Tag: Food cost percentage

Two Simple Rules to Live By In the Restaurant Business

Two Simple Rules to Live By In the Restaurant Business

I want to give you two, not three, not one but two simple rules that you must live by to have the success you want in the restaurant business. Hey, everybody. Ryan Gromfin here – author, speaker, chef, restaurateur, and founder of TheRestaurantBoss.com, Clickbacon.com, and most recently, ScaleMyRestaurant.com Before we get into those two things, …

What is Restaurant Prime Cost

What is Restaurant Prime Cost

You might have heard the term prime cost. If you’re not 100% sure what that is or why it is so important to your restaurant, stick around, I’m going to share that with you right now. Hey, everybody. Ryan Gromfin here – author, speaker, chef, restaurateur, and the founder of the www.Restaurantboss.com, as well as …

Restaurant Budgets, Taxes & Profits

Restaurant Budgets, Taxes & Profits

Do you ever struggle with balancing your budget, paying your taxes, paying your bills, paying your employees, and just staying on top of all of this payment stuff? I don’t even mean about the money, I just mean staying on top of it all. Well, I got a great question from a user and I’m …

How To Calculate Food Cost Percent

In this video we’re going to cover how to calculate the Food Cost Percentage To begin we’re going to look at the Food Cost Percentage formula. The formula for Food Cost Percentage Food Cost divided by Food Sales Multiplied by 100. In this example we’re going to try to calculate the Food Cost Percentage for …