Food Cost Wiz

A small corner of the online universe where food cost wizards can refine their craft.

Thursday, May 31, 2018

Key Restaurant Profitability Numbers

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In my experience, profitable restaurants have a gross profit of 40% of sales or higher and an occupancy cost of 10% of sales or lower.  It...
Thursday, May 10, 2018

Restaurant Accounting Equations

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My reader, Casey Paul of EZCater, notified me of an interesting infographic  Restaurant Accounting Equations .  The first equation is my fav...

Beat Your Food Cost Budget

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One of the best ways for most food service operators to lower their cost of goods sold is to develop and promote fantastic side dishes. Fo...
Tuesday, November 29, 2016

Finding Your Ideal Food Cost Number

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I find attempts to benchmark food cost overly simplistic.  My favorite factors in determining food cost benchmarks are annual sales, competi...

New Book Coming Soon - Growing Medical Tourism Industry

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Dr. Frederick DeMicco's new book is due in January 2017. The book explores a relatively new segment which crosses the health care and h...
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