The Importance of Cost Control
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Online Course
How to Manage the Most Important Number on Your Restaurant's P&L
Prime cost is made up of the largest and most volatile costs in any restaurant: food, beverage, and labor. We know that when restaurants start to track and analyze their prime cost every week, their prime cost goes down 2% - 5% of sales which can significantly increase bottom-line profitability. How ...
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System
Weekly Prime Cost Reporting
Prime cost is composed of the two biggest and most volatile cost areas in any restaurant, food & beverage and labor cost. Having accurate, weekly feedback on prime cost is essential to keep management informed and focused on their biggest and most vulnerable cost control areas. This series of integrated ...
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Article
Fundamental Food Cost Controls for Independent Restaurants
Food cost control is critical to succeeding in the restaurant business. You can't afford to mismanage it if you hope to stay in business. In this article, we review the most important steps.
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Article
Why Prime Cost Is the Most Important Number (that should be) On Your P&L
Prime cost (food, beverage & labor) consumes in excess of 60% of sales in most restaurants. They are your largest and most volatile costs. Without good Prime Cost controls even high volume restaurants can have profitability problems. Learn what your Prime Cost should run and how to keep excess Prime ...
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Download
Weekly Prime Cost Worksheets
Calculating prime cost every week is one of the most profitable activities any restaurant can do. If prime cost is too high it's VERY difficult for any restaurant to generate a profit. Our weekly prime cost worksheets make it easy to track and control your biggest and most volatile costs.
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Download
Weekly Prime Cost Worksheet — with Discounts and Comps Tracking (Food & Alcohol)
Calculating prime cost every week is one of the profitable activities any restaurant can do. If prime cost is too high it's VERY difficult for any restaurant to generate a profit. Our weekly prime cost worksheets make it easy to track and control your biggest and most volatile costs.
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System
Profit and Loss Reporting
Your P&L should not only tell you whether your restaurant is profitable, it needs to provide accurate cost of sales, labor and operating expenses in a way that helps management identify challenges and track progress through numbers. Standard P&L reports from off-the-shelf accounting software are not ...
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Training Video
How Weekly Prime Cost Reporting Boosted This Member's Profit Margins
Here's what happened when Shila Morris, the CEO of SqueezeIn, after she started tracking their Prime Cost in each of their 6 restaurants every week.
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Article
Five Financial and Operational Metrics You Ought to Know
Crack the code! In this article, we review examples of easily calculated finance and operations metrics that can tell us a lot about the health of our businesses. We examine how often to crunch these numbers, and what new relevance these metrics take on in the current operating environment.
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Online Course
How to Format & Read a Restaurant P&L
What Every Owner & Manager Should Know About a Restaurant P&L. There is a big difference between running a restaurant and building a profitable business. This program will give you and your managers practical, common-sense guidance in managing the financial side of your restaurant by maximizing ...
