|Profit & Margin Guidance|
Do you know what the food on the plate costs?
How much should you be charging?
Do you know who to buy from and how to get the best prices?
Do you know how to get the best yield?
Purchasing can make a monumental difference to your bottom line. If you don’t know how much something costs, how can you sell it at the correct price?
Leaving the purchasing to existing personnel is fine but it’s your business and you must be aware of price increases. If you take over a business and the staff with it:
Utlilise the contents of the kitchen properly and you will make maximum profit.
Once you have purchased the ingredients make sure you know how to cost properly. One small change in the purchase cost can make a massive difference to your profits.