▸▸ What is the food cost formula and how can you use it to calculate your restaurants food cost percentage?
I will explain everything you need to know about food costing in this video. As a restaurateur, you have to know how to calculate your food cost so you can lower expenses and increase your profits.
If you own a restaurant or bar, and are struggling to figure out how to understand food and beverage costs, check out this video.
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You can download the complete cost control guide here:
https://bit.ly/cost-control-guide
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Contents of this video:
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00:00 Intro
00:13 Three Most Common Mistakes
01:16 Why should you calculate your food costs?
03:37 How do you calculate your food costs?
06:31 Calculating food cost percentage
08:31 Food cost benchmarks