Restaurant Prime Cost Calculation

What is the restaurant prime cost calculation? What numbers go into the prime cost calculation? Watch this video for an easy breakdown this number, which I call the most important number in your [...]

What Is a Good Food Cost for a Restaurant

One of the most common questions we get asked is, “What is a good food cost for a restaurant?” Another common one is, “What is the average food cost for a restaurant?” [...]

1 Trick to Stretch Restaurant Labor Dollar

Every restaurant is looking for ways to stretch the restaurant labor dollar. A great way to save thousands of dollars in labor is to watch out for one specific mistake. Watch this video to learn [...]

A Plan to Reduce Restaurant Prime Cost 4-7 Percent

Year after year I speak literally all over the country, sometimes even internationally, teaching restaurant owners how to reduce restaurant prime cost. The crowds range from small groups of a [...]

How to Track Restaurant Sales Correctly

There is a right way to track restaurant sales to ensure you are accurately calculating your restaurant prime cost, which is your guiding number for profitability. Just in case you’re new to the [...]

Use this Number to Calculate Prime Cost Correctly

In this article, I covered the difference between gross and net sales and why the distinction is so important, which is to ensure you calculate your restaurant’s prime cost correctly. Your [...]

Signs It Is Time to Replace Restaurant Furniture

You may not realize it, but your furniture can say a lot about your restaurant: what type of food you serve, your culture, your price levels, and your level of service.  Likewise, having [...]

Overcoming Increases in Minimum Wage in Restaurants

Let me start off by being very clear… this is not a political article, it’s a business article. I don’t care what side of the political fence you live on, my goal is to teach you what you need to [...]

Restaurant Prime Cost Formula

  The restaurant prime cost formula is the most important calculation in your restaurant. I bet you’ve heard that a typical restaurant makes a nickel to 8 cents on every dollar they bring [...]

Make More Money in Restaurant Business

Are you asking yourself why you can’t seem to make more money in the restaurant business? Did you always want to run a restaurant and make great food to create great experiences and [...]

Examples of How Not to Give Comps in Your Restaurant

There are many examples of how not to give comps in a restaurant. In a recent article about setting a budget for comps in a restaurant, I outlined how to use comps correctly in a restaurant, [...]

How to Set a Budget for Comps in Your Restaurant

  In the hospitality industry, comps happen on a routine basis. We see a regular at our bar and sometimes just buy them a drink to thank them for making our bar their home away from home. We [...]

Tips for Using a Restaurant Budget

Most all independent restaurant owners use their “gut” to budget their restaurants instead of the real numbers. I’m here to tell you that it’s not enough. Your restaurant budget is a guide to [...]

5 Myths About Running Your Own Restaurant

Be it a fine-dining experience, or a quaint coffee shop, opening and running your own restaurant is a dream for many. Whether you’re fresh out of college, full of drive and passion, or you’ve [...]

The Trick to Knowing the Correct Restaurant Pour Cost

If your restaurant pour cost is too high but you don’t know where to cut off the bleeding, watch this video. If you often order too much product and experience it spoiling, this video is [...]

The 1 Number You Must Know to Make Money in Restaurants

If you’re struggling to find a way to make the money you deserve in your restaurant, then this video is for you. David teaches you the one number you must know to make money in the [...]

How to Use a Budget to Predict Restaurant Profitability

If you wish you could make more money in your restaurant, let me tell you how to use this system: a restaurant budget. Have you ever said this? “I don’t need a restaurant budget. I know my [...]

DOL’s Final Rules Updating Overtime Exemptions Affects Restaurants

By Shelby Lile Attorney, Gust Rosenfeld On May 18, 2016, the Department of Labor (DOL) announced its final rule updating overtime exemptions. The rule will affect white collar workers, or those [...]

3 Parts of a Restaurant Owner’s Job

Hey there, restaurant owner, I have a question for you. What is a restaurant owner’s job? What should a restaurant owner be working on? I hope you don’t tell me: Working the line [...]

Safeguard Your Restaurant’s Cash Flow

If you want to protect your restaurant’s cash flow, run a successful and profitable restaurant where guests come to enjoy a great meal and experience, and where your employees enjoy coming [...]

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