Two Restaurant Business Myths Busted

Has your gut instinct ever told you what your chef is telling you about food cost isn’t right? How about a general manager guessing what menu items should cost based on a formula? There are [...]

Why Are Recipe Costing Cards Important?

Ever wonder why are recipe costing cards important? Why you have to do them? After all, you generally know what your protein costs. You generally know what the rice costs. You think you can price [...]

How to Find Your Actual Food Cost

Actual food cost is an important number to know because it’s one of the numbers you need to know to find your target food cost. In the most basic terms, food cost represents how much food [...]

How to Find Your Ideal Food Cost

Knowing your ideal food cost is important because it’s one of the numbers that helps you calculate your target food cost. Your ideal food is what your food cost should be if your ran a [...]

Basic COGS Calculation

Have you ever wondered what the actual cost of goods sold calculation is for your restaurant? It may be the most important calculation you make in your restaurant. Read further or watch the video [...]

5 Ways Restaurant Software Cuts Food Cost

I want to tell you that restaurant software cuts food cost. If you use a comprehensive restaurant management software, you can cut food cost dramatically. Watch this video to learn five ways [...]

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?” [...]

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 [...]

How to Overcome Restaurant Minimum Wage Increases

Since I’ve already told you in this article there are not enough labor controls you can put into place to overcome restaurant minimum wage increases, here are some of the changes you can make to [...]

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 [...]

Why Managers Are Key to Restaurant Profits

Learn the one number you must know to have any chance of making money in the restaurant business as well as why managers are key to restaurant profits. Old timers in the restaurant business [...]

How to Determine Your Restaurant Profit Margin

Are you wondering how to know what your restaurant profit margin should be? Let me tell you what it could be. Before you an determine where your restaurant’s profit margin should be, you [...]

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 [...]

When to Use Void vs Comp in Your Restaurant

Knowing when to use a void vs comp in your restaurant affects your gross sales! Do you look at your profit and loss statement and see a food cost, pour cost or labor cost that seems too high? [...]

How to Lower Restaurant Labor Cost

Want to lower restaurant labor cost? Look to your time clock. It’s a prime area where restaurant owners get robbed on labor costs. Theft happens at the time clock whenever you are not [...]

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 [...]