![]() ![]() You'll need a starting point to help you understand your restaurant better, and make informed decisions for the future. That's why it's important that you get food costs calculations right. This method allows you to figure out your ideal food cost percentage, so you can have a clearer picture of how much it costs you to make your dishes. Others calculate it using their Cost of Goods Sold (COGS), which takes into account the value of your inventory at a given time, and shows the cost of food in a specific time period. Some choose to itemize the cost of each ingredient in a dish to determine their food cost per serving. There are a number of ways to calculate food costs in a restaurant. We'll shed light on the different components that you should measure, the formulas for calculating your costs, and how to put your data to good use.įood cost is the ratio between the cost of your raw materials/ingredients and the revenue that you generate when you sell your menu items. In this post, you'll learn the ins and outs of calculating your food costs. ![]() ![]() Knowing your food costs can inform your decisions when it comes to pricing your menu items and budgeting for ingredients and vendors which when done right, will lead to higher profits. Learn how to calculate food costs correctly and improve your bottom line by avoiding common mistakes and pricing your meals better.Ĭalculating food costs is a fundamental best practice for any restaurant. ![]()
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