Mar 10 2025 10 mins
Are your food and beverage costs higher than expected? Learn the key formulas and strategies to take control of your margins.
Many restaurants and bars struggle with tracking costs accurately, leading to unexpected losses. Understanding the difference between actual and theoretical costs can help you maximize profitability.
In today's episode:
- Learn the simple yet powerful formula for calculating food and beverage costs.
- Discover how to track waste, spillage, and variance to keep your costs in check.
- Understand why weekly inventory and standardized recipes are essential for accurate cost control.
Tune in now to master cost control and ensure every dollar counts toward your bottom line!
Learn More:
Email Chris
Schedule a Strategy Session
Bar Business Nation Facebook Group
The Bar Business Podcast Website
Chris' Book 'How to Make Top-Shelf Profits in the Bar Business'
Thank you to our show sponsors, SpotOn and Starfish. SpotOn's modern, cloud-based POS system allows bars to increase team productivity and provides the reporting you need to make smart financial decisions. Starfish works with your bookkeeping software using AI to help you make data-driven decisions and maximize your profits while giving you benchmarking data to understand how you compare to the industry at large.
**We are a SpotOn affiliate and earn commissions from the link above.
A podcast for bar, pub, tavern, nightclub, and restaurant owners, managers, and hospitality professionals, covering essential topics like bar inventory, marketing strategies, restaurant financials, and hospitality profits to help increase b...