Take Back Control

Taking Back Control

By Joe Erickson

Do you know what each item on your menu is costing you? When is the last time you updated your menu cost? If it's been more than three months since the last time you calculated the cost of you menu then there is a good chance you are either losing money or missing an opportunity to make more.

Regardless of what you sell, you need to know your product cost before you set a selling price. The primary reason you need to know what each menu item costs you is that it;s the only way you can truly know how much gross profit your menu should make.Over time, rising prices or a change in ingredients can quickly alter your best-seller from being a cash cow to a white elephant you can't afford. Unless you keep up with your current menu cost, you won't know how profitable a menu item is.
View the entire article in PDF - Take Back Control- Restaurant Startup & Growth Magazine - July 2014

Reprinted with permission of Restaurant Startup & Growth magazine Copyright 2014
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