How to Create a Restaurant Budget

Are you looking for how to create a restaurant budget, yet you’re having a hard time finding the right resources? You’re on the right track because you understand the importance of [...]

Work the Prime Cost Formula for Your Restaurant

Do you wonder what makes up the prime cost formula in the restaurant industry? How do you calculate a restaurant’s prime cost formula? What is the prime cost formula? Watch this video to [...]

Is It Gross or Net Revenue

Have you ever wondered if you should be using gross or net revenue? What is the difference between gross and net revenue or gross and net sales? Why you should use one over the other in your [...]

Running Your Restaurant by the Numbers

This restaurant industry podcast is an audio version of SMART Systems Insider, a video magazine from TheRetaurantExpert.com, is your fast track to lower food costs, lower labor costs, an [...]

Forecasting Restaurant Sales Made Easy

If forecasting restaurant sales seems hard to do in your restaurant, know you’re not alone. It isn’t as straight forward for today’s modern restaurant as it used to be. There [...]

Why Restaurant Budgeting Is So Important

If you run your restaurant by gut and you’re not using restaurant budgeting, I urge you to STOP.  You can’t do it anymore – the risk is just too great. In the video below I [...]

Prime Cost vs Food Cost

What is prime cost vs food cost? Do you wonder where the numbers that make up prime cost come from? Where does food cost fit into the prime cost calculation? How does the prime cost calculation [...]

Tips for Hiring a Restaurant Consultant

First, if you’re hiring a restaurant consultant, I applaud you for looking for solutions. In the restaurant industry, we don’t often hire a consultant because we don’t want [...]

How to Charge for Free Food in a Restaurant

Have you ever wondered how how to charge for free food in a restaurant? Do you offer something for free in your restaurant? For example, chips and salsa? Or bread and butter? Or even condiments? [...]

Is Paper Cost Part of Recipe Cost

Paper cost is a real restaurant cost. Have you ever wondered if the cost of your paper products belong in a recipe costing card? After all, if it could be part of the recipe and its presentation, [...]

A 55 Restaurant Prime Cost Percentage is Possible

The core of our work is to get restaurant owners to a 55 percent restaurant prime cost. As a refresher, the restaurant prime cost percentage consists of the two main controllable costs in your [...]

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 [...]