The prime cost formula is the grand total of your total cost of goods sold, which includes both food cost and liquor (also known as pour cost), and total labor cost. (In order to have an accurate [...]

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 [...]

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 [...]