Do you really know your restaurant's gross profit? Hand over heart, know it cold? If not, this guide gets you started on the journey to controlling costs and driving profit.
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"What gets measured gets managed."
If you want to manage your costs you need to start with an accurate measurement of what they are.
Knowing that your overall Gross Profit ("GP") was 72% — the same as knowing your COGS is 28% — is the basics. Knowing your food GP and your beverage GP separately is better. Knowing which ten menu items drive the bulk of your sales, and the GP of those items… well, now we're getting into the pros.
Take my friend Scott. He's doing well and feeling good about what the year has in store. Last year they launched their second outlet, and it looks like they'll beat their target year-one revenue by 35%.
He's feeling good — but he knows that the year before was held together by grit, determination and a desire for it to work, and that he can't keep up that intensity forever. He's brought us on to help sharpen the pencil, bring more structure to operations, and make sure they can keep performing at a high level.
Five steps, in order — from knowing where you stand today to a report that keeps you honest every month.
Foodrazor's Ultimate Guide is designed to help you take control of your costs, set a baseline to measure against, and put tools in your hands to manage your margins going forward.
Download the free guideLet our team run the numbers for you. We'll audit your menu margins and show you where the profit is hiding.
Try our Margin AuditYou can see the entire outlet's spendings at a glance, and this makes monitoring costs simple.
We can redirect our manpower resources to other areas and still track price fluctuations accurately.
It will save you heaps of time. The system is easy to use and gives you all the analytics you need to manage your food & beverage costs.
Foodrazor is a great product that will greatly assist in the time and accuracy of COGS.
With Foodrazor, we managed to reduce one head count and save costs.
Free, practical, and built for independent operators. Start measuring today — manage tomorrow.