When you run a hospitality business, keeping track of your finances is crucial. Figuring out the prime cost for your venue is one of the most important calculations to get right as it directly impacts your profitability – but it is often miscalculated.
In this online lesson, chef turned restaurant consultant Ryan Gromfin talks you through the prime cost formula that will help you keep on top of your expenses and profits.
What you'll learn in the Calculating your prime cost lesson
- How to calculate prime cost in your venue
- Common mistakes to avoid when calculating prime cost
Who the Better food cost management course is for
Hospitality business owners and managers, sharpen up your financial skills with help from the experts!