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.
Training Video
How Weekly Prime Cost Reporting Boosted This Member's Profit Margins
Shila Morris, CEO of SqueezeIn, saw immediate results once she started tracking prime cost weekly at each their six locations. Without even implementing goals, her managers started taking action and decreased costs.
Resources
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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 ...
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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 ...
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Article
How to Make Your Profit-&-Loss Statement One of Your Most Valuable Tools
Financially astute operators know that every decision and activity that takes place on the operational side of their restaurant is eventually reflected in their numbers and the one report that is most ...
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Article
How to Use Weekly Prime Cost Tracking in Your Restaurant
Forget monthly reviews. You can't stay in business if you only dive into your P&L monthly -- particularly in this current business environment.
