When you are a restaurant owner, operator, or chef, creating your restaurant’s menu is almost a passion project itself. You get to list out all of the amazing dishes that you are excited to share with your customers. With the creation of your menu also comes the need for you to also price the menu, which many businesses struggle with even though it is extremely important to your restaurant’s success. To effectively price your menu, you first need to start with your own costs for not only the ingredients for your dishes, but also everything else from the tables and chairs they sit on, the air conditioning they cool themselves with, and the lights that shine above them. Your overheads may not fluctuate much from month to month, however, perishable food does. And unfortunately, that’s the whole reason for a restaurant’s existence. Hence, tracking of your food cost is crucial in determining your profits, and eventually the success of your restaurant. #cheflife #foodandbeverage #foodcost #chefstable #hotelmanagement
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