How to Calculate Food Costs (Double Your Profit)
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- čas přidán 10. 09. 2024
- ➕ In this video, I'm going to share a crucial element to running a profitable restaurant business: calculating your food costs
😊 I’ll break down the math simply and clearly so you can apply it and improve your restaurant’s bottom line.
🙌 If you’re interested in using a marketing platform to simplify your restaurant marketing, you can book a demo with our team at www.owner.com/...
![Top 5 Most Profitable Food Business Ideas for 2024 [Copy These]](http://i.ytimg.com/vi/yj-Rq6wgYwo/mqdefault.jpg)
Great job either way your description you get to the real way to run a restaurant
Thank you!
I own the biggest catering in my city and I love watching your videos.
Thank you! I love to hear that. Congrats on the success with your catering company!
What’s your ig
Beginning inventory + purchasing - ending inventory divided by gross food sale is your true food cost formula.
You clearly didn't watch the video
@jamiedahlin6620 but he was right tho
@@Boaz-TCC sounds like someone who has never worked in a restaurant
Im about to open up a burger joint in my country. the profit margin is way different here but still your ideas are great and useful. Keep it coming.
Hello! Thank you for all the support.
Good luck with the new restaurant and welcome to the restaurant industry! Good to hear that you find the content on this channel to still be helpful for you abroad. I have lots of content coming out so feel free to check those out as they come!
Listening this from the bar I bartend, good subtitles (even from capcut) would be amazing
CZcams already has them built into the video. Just click CC
I might go for the study I really wanted thanks this helped me understand that simple math isnt that bad Wow so easy.
Awesome! I absolutely love to hear that this video helped you understand the concept of food costs a bit better.
Here is our restaurant Mahall'le Lezzetleri which i slocated Ankara Turkey and we are serving street foods&fast food products , Thanks
Hi, I want to start restaurant business. Could you please tell challenges and difficulties you faced. Thanks
Thank you for this video. I have been trying to figure out about this subject since i am planning to open my fast food place and i came accross with this. Kepp up the good work mate.
Thank you for the kind feedback. Good luck with your business venture!
Love watching your videos!!!! Inka Brasas Peruvian Cuisine, Spring TX
Hey! I've definitely noticed you're ongoing support on our channel. I'm so glad you enjoy our videos!
One of the cool things about the Latin American cuisine types is that customers love to pair their meals with drinks they may not typically get at an American food spot. Drinks are often times really cost effective and don't require a lot of time by your staff to prepare. I see that you already offer maracuya and chicha rosada. Try adding more drink options that could appeal to people who may prefer other flavors.
You could also try low cost appetizers/side like a peruvian take on loaded fries, plain fries, chips and salsa, and nachos.
Yes Chef Accra Ghana
Very well explained and presentation very attractive
Thank you!
very informative and very helpful. I've subscribed
Glad to hear that this video was helpful for you. We have a lot more on the way that I’m sure you’ll enjoy too!
Wow bro genius 😊
Thank you! Glad you enjoyed the video.
Great video and your spot on! very useful
Thank you for watching and commenting! I love hearing when people enjoy our content. More is on the way!
Very attractive information ❤
Oasis Restaurant
Pismo Beach, CA
Question why use the 100 to multiply 0.25 do you do that every time?
Ocean Crest Resort in Moclips, WA
This is a great video
Thank you!
Love your video & strategy.
I admit of fucking up my price, I'm making negligible net profit despite have good sales.
I'm planning to upgrade my prices, I'm having fomo
Nailing down pricing is definitely a hard one. Hopefully those changes take your restaurant to the next level!
Thanks for these important tips bro
Happy to help. Thank you for watching!
Thanks!
Thank you for watching! Glad you enjoyed this video.
Amazing!
Thank you!
Would be great if you could look at our menu which serve plant-based fast food in Malaysia, South East Asia.
Sure! What is the name and city of your restaurant?
This video is more like exposing the food industry 😂
WingStation- Sugarland TX
People chasing status, buy premium.
People chasing wealth, buy value.
Almost every financial planner targets eating out for budget savings when looking at disposable income meaning you are competing for these $'s.
Pricing must be fair (not the highest, not the lowest) and, food quality good to be sustainable regardless of high or low end of the cost model.
How can I price menu items if I don't know the cost of each
Hello!
There are a few ways to go about this,]. Try measuring out your recipes an getting an idea of how much you're spending for each item. If you offer a chicken wrap with 4 oz of chicken and you buy chicken breast for $4 per pound, then you know you used $1 dollar worth of chicken for one wrap. Repeat that process for the other ingredients in the dish along with other costs to find your cost per dish.
There are several recipe cost calculators online that can help you do this.
i love your video but i have one feedback. i only jot down my thoughts because i really love the sbject matter. the topic is super exciting but using a camera b for a one-person youtube video is a little unnerving. The camera A (talking head) and the camera b (side angle) are also in different frame and in different distances from the camera which hinder seamless experience. It felt imposed. also takes away my attention from the topic several time and i had to adjust my attention serveral times. besides that technical issue, great great discussion!
Hey there! I appreciate your feedback and will keep it in mind.
Thank you for supporting this channel! More content is on the way 🚀
Sahtein , London
Hey there!
I googled “Sahtein London” but no Google listing pops up. Do you have a GMB listing?
El Asadero Tacos Al carbon - Mesa, AZ
Such great information! Extremely valuable. Does your program offer Reseller programs?
Hello!
We don’t have a reseller program, but we do have a partnership program. Do you work in restaurant marketing?
I am starting to look into the marketing side. I work with restaurants with their POS. How can I get more info on the partnership program?
I work as a major restaurant marketing and sales agent in my country, I need more information on your partnership Program too.
Noosh nosh louisville ky
Quality content here
Thank you! Happy to hear that you liked the video.
I own a Hawaiian BBQ food truck. Need help in creating my menu for a high profit margins.
Hey there, Tama!
What kinds of menu items do you currently have on your menu?
Would love your feedback! Clara's Tidbits Restaurant and Catering Jacksonville, Florida
Hello!
I noticed that a few locations pop up in the search results when I look for your restaurant online. Is there a specific location that you’re affiliated with?
I'm wondering if you can shed some light on the Indian restaurants! We own a firm (multi cuisines) since 15 months with a team of 20+ staff serving South Indian cuisines and Biryanis
❤
Do you have job opening?
Tio Tinos Tacos, Dwight Illinois
Would love your suggestions rockNRoll sushi Alpharetta GA
Hello JoAnn!
Is this the location on Windward?
@@owner-com yes
Great insight. Would love to have your feedback. Shanes Rib Shack Cleveland Tn
Hey there! I replied on your other comment about this and same would apply here. As a franchise, what kinds of things are you able o change on your menu, website, or online ordering?
What would you suggest. To change. They are pretty open to what they would do.
Awesomeness. Which brands you'd give an award for.their strong promotion and loyalty system?
Firegrill Santa Maria ca.
Hey there! Thank you for dropping a comment.
It looks like you don’t have a website attached to your Google listing. Websites are one of the best ways for a restaurant to build up SEO, show off their brand, and attract new customers online. I would recommend creating one and adding your menu there too!
I don’t have a website just yet
We are on door dash or on google
Hi Adam,
We really need help to boost up our pizza store. We’re struggling with the cost and also not making money more than a year.
Hey there!
I’m sorry to hear that business has been tough. Pizza can be a competitive cuisine type so finding your footing with your marketing and brand strategy could be a game changer. What is the name and city of your restaurant? I could provide some insight into your online presence if that’s helpful for you.
Tower Blendz if Fresno CA
Great tips.
My country doesn't have any of the big food chains so iam planning to start one.
Any tips?
Hello!
When starting something new, I suggest asking yourself three things: is there a desire for what I want to offer in my area or do I already have competitors? Who does my concept attract the most and how do I make my brand appeal to this crowd? What are the logistics of my cuisine type when it comes to profit margins, space needed to prepare and serve dishes, and what costs do I need to consider?
These questions can be a great step 1 as you work on configuring the rest of your business plan. Good luck!
More information on your partnership Program please?
Hello!
Thank you for your interest in partnering with us! Head to our website and sign up for a free demo. You can select your role as “I provide services to restaurants” so we know you’re looking for partnership information.
Ms Chelin, Amsterdam
Hi! I’m happy to take a look at your restaurant.
Form what I see online, you don’t currently offer appetizers or desserts. For your cuisine type, I would recommend adding items like onion rings, crisps, and basic milkshakes to your lineup. Onion rings and crisps are cheap but easy add-ons and milkshakes are a classic pairing to a burger and an easy upsell.
Angie's place Caribbean eatery Ontario Canada
Hey Angie! Thank you for watching and dropping a comment.
I found your restaurant on Google, but it looks like you do not have a website. Websites are a really big and important way to build your search engine optimization and capture the attention of people in your area.
Include keywords on your site to help you appear as a top result when people in your city are searching for Caribbean food. For you, this could be something like “best Caribbean food in Stayner” or “best jerk chicken in Stayner.”
When you create your website, be sure to link it to your Google listing.
Mas fuego CA carlsbad sandiego
Hey Juan!
I tried to look at your menu on the Mas Fuego website but it sends me to an error page. Is there a better place for me to find it?
It cast 27 sents to make a big Mac add it up😅😅
What language is this
I want to sale burger. What your suggestion menu?
Hello! Do you have a restaurant already?
@@owner-com i use my house
Can you check out my restaurant and provide feedback on changes that you recommend? Guac N Roll in Eau Claire WI
Hey Carlos!
Your menu has some great low cost options already. Chips and dip are a great side item to use in Mexican cuisines since they are low cost. Try adding a chips and salsa pairing. Its one of the lowest cost chip/dip pairs and a staple that most people think of when they want Mexican food! You can also try more adding dishes that include rice and and bean plus a cheaper staple item like chilaquiles or basic fajitas (veggies and flank steak)
Increasing your range of aguas frescas may be helpful for you too.
Krazy Taco 937 Springfield OH I’d love to have your input for my restaurant.
Hey Stephen!
Looks like you serve both Mexican inspired and American dishes. Flautas could be an easy addition to your menu since it includes a lot of the same ingredients as existing menu items. They are cheap to make and a crowd favorite!
I also would recommend offering onion rings as a side item, especially for burgers! They are a popular pick for a lot of customers and one of the cheapest side items to make.
Thank you for being a customer with us and for supporting us on this channel too. I appreciate it!
@@owner-com my downfall this restaurant is we do not have a fryer :(
Uplifted Bistro
Manteno
This is So true something we have been struggling with.
Would love your help
Hey Adam!
It looks like you have boba as the forefront of your store. A lot of boba concepts choose to add sweet options as well that are cheap to make such as dessert waffles.
From what I can see, you don't offer any slush. Slushes are very common in boba concepts and low cost to make. Since they are popular in boba stores, you may find that you can attract new customers or can upsell customers by adding it as an additional item.
Amazing 👍 can you asst me?
how could I use your services in Chile?
Hello! We aren’t available outside of the U.S yet but we have plans to expand in the future.
Amazing videos, but can you please blink more.. my eyes get dry and painful by watching you speak 😅
Please blink. Its unnatural
does he ever blink ....
RAPIDS CHICKEN RACINE WISCONSIN 53404
Hello!
I noticed that your website says that you are a part of a franchise. Are you able to have your own website or make changes to your website? Do you have the ability to add things to your menu?
ITS FRAUD OR SCHEME 🤯 IT'S BURN MY ASS
El Asadero Tacos Al carbon - Mesa, AZ
Hello Diego!
Mexican cuisine is typically pretty friends to creating a diverse menu while also keeping costs low to do so. I looked at your menu and I’d recommend food items like flautas or chilaquiles. Both items are easy to make and do not require other ingredients than what you already have on your menu.
Upselling through chips and salsa, chips and queso, and chips and guac can also go a long way.
Thank you for watching and commenting!