Cost of Good Sold, or COGS, represents the expense the restaurant incurs for the inventory used in a given time period. Managing COGS is essential for minimizing losses and making a profit in any restaurant.
Your restaurant’s menu prices directly affect your restaurant’s profitability, so it is important to spend time to get it right. Follow the guidelines in this article to reap the most benefit from your menu pricing decisions.
Food cost is usually the biggest expense in the restaurant. Without controls in place, this expense can get out of control and damage your profitability. In this article, learn some common ways that restaurants control their food costs.
Count your inventory with confidence and track your food cost with a watchful eye.