5 Restaurant Food Cost Saving Ideas To Use NOW (Save $$) | Cafe Restaurant Management Tips 2021
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- Опубліковано 2 лип 2024
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Want to know how to reduce food cost in your restaurant and save money? Food cost is a big operating expense for restaurants and food and beverage shops. These food cost saving ideas will help restaurant owners and F&B shop owners keep more in their wallets.
Food costs continue to go up each year. Labour continues to go up each year. Everything goes up each year. So what can you do about that? You have to do what you can to make some changes and figure out different ways to reduce food costs. There are several ways to do that like setting goals, proper forecasting, audits of your operations and menus, and preventing employee theft. All these items can help reduce food cost in your restaurant or food establishment. It may mean saving thousands or making thousands more each year.
So if you're looking to learn how to reduce food cost in your restaurant or cafe, ways to reduce food cost, a restaurant owner seeking food cost saving ideas, or someone looking to open a restaurant, keep watching!
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ABOUT WILSON:
I’m Wilson, your new restaurant business partner. I’m here to help turn your food and beverage concept into a reality with expert tips & tricks for success.
My videos are based on years spent in the industry building multi-million dollar businesses, including my own international dessert chain (720sweets.com/) with locations spanning the globe. Since my franchise was acquired (2020) it’s been my mission to share this knowledge with people like you who have great ideas, but just can’t seem to break through. If I did it all with no experience, so can you. I know firsthand the struggles and mistakes most entrepreneurs make, and want to show you exactly how to avoid them.
I’ve helped hundreds of restaurant owners and entrepreneurs create explosive Food & Beverage businesses. You don’t have to take my word for it. I’ve been awarded Top 30 Under 30, Young Entrepreneur of the Year, Top 10 Emerging Entrepreneurs, and recently a Forbes Business Council Member.
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5 RESTAURANT FOOD COST SAVING IDEAS | CAFE RESTAURANT MANAGEMENT
#foodcost
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EXCELLENT VIDEO...
I totally agree 100%
I track everything down to the penny.
Because Pennies add up to Dollars...
Thank you so much for sharing this great video.
Great! You are sharing things that could help many people. Please remove background music and remove echo from your voice. It would be easy to listen and understand. Thanks
Thank you SO MUCH! Not only for this video but for ALL the videos and generous info you are sharing
Step 2 I agree. It is summer time or winter. We need to think what kind of goods we need to keep or increase based on customer demands. And we can control the food cost and get high profit
right on! :)
1.Track Cogs
2. Forecast Sales to season, holidays trends; avoid wastage
3. Audit your menu for numbers every 6mths
High margin n easy to produce
High costs n harder to mk
Play vol game
4. Audit your operations; both FOH n BOH inefficiency in e system processes
5. Theft prevention; giving away free fds, staff stealing - chk camera
Thank u for sharing
Hello Wilson...Thanks🌎
Your sharing is useful for me. The special thing is the step 3 to change the menu based on the season and which type of products bring the high profit in our store. I really like this step
awesome! glad this is valuable for you. you should check out the fb group :)
im one of the lucky guys that watch your videos
thanks Wilson
Old but GOLD!
Thank you mr fish!
New supplier...👍👍
The background music and sounds are terrible and make me not want to listen to more vids. But your info is great! Thanks for posting!
I’m watching all ur videos coz I’m planning to open restaurant
Loving your videos and the things you share but maybe lower the sound that comes up whenever text pops up in the video because it's giving me a headache and makes it hard to focus
Wilson I'm a little confused when it comes to COGS. I have filled out a spreadsheet for our entire menu, however I am unsure whether I need to include the labour for the ELEMENTS of the dish (e.g. cost of making a sausage to go into a hotdog), labour for the PREPARATION of the dish on site, both or neither? Just something that I can't seem to find a clear answer for and the labour costs are pushing my dish costs up quite considerably.
Thanks man, any help would be really appreciated!
I love ur content and knowledge just one the tab sounds a bit unpleasant to listen specially with EarPod. Just my thought! Thank you for your contribution
What is the best app or software to use to track profit and loss?
Can you make a video on how to track inventory? e.g. processes and tools you use =)
Does anyone have a excel food cost spreadsheet ?
Forecast ups and downs...
Would it be better if you make or bake your own cone to potentially lower COGS? or charge higher by selling the "fresh cone" as part of product branding? Any inputs?
baking own cones are only validated IF you expect to have lots of volume. otherwise, its not worth it imo. the labour and wastage in the batter if you dont have the volume is not worth it. prebaked cones allow you to control your wastage better. however, baking your own cones is ALWAYS better customer experience - who doesn't like the smell of freshly baked waffles?! 😄
Thank you!
😊
Menu auditing should be every six months or yearly? What would you suggest ?
Each quarter
Every six month is better
Neither in a year
Track it
right on!
how do i know when it is time to bring on a board of directors or managers?
strictly on your budget and vision. if you have the vision to build a business that doesn't require you to be onsite 24/7, then start with a manager. however, if you are tight on cash, but also have a vision on building a real business, then set milestones for yourself. first milestone - make enough profits to avoid a manager.
@@WilsonKLee is there a negative associated with a manager as opposed to a board? I own a sub and bagel shop looking to expand and one video ive seen LACKING (maybe a good Idea for a next video for you to make) is how to manage or promote to management positions or if its even needed. I look forward to hearing back from you!
I seriously am missing good info acct the sound affects makes me fixate on them and not the words.sorry