When it comes to calculating food costs, everything must be accounted for. Whether it’s the lamb for your special Sunday roast or the lemons used in a salad dressing, everything that can be consumed has to be considered. It may sound like a hassle but by ensuring your food costs are as accurate as possible, you’ll have better control over the profitability of your menu and your venue.
In this lesson, you’ll learn what food cost means, how to calculate it, and how to quickly estimate it.
This course is perfect for any hospitality business owner looking to take control of their finances.
Nicolas Simon is the co-founder and CEO of Wilcuma, a full-service hospitality company offering services to help anyone looking at opening a business succeed from day one.