How To Calculate Food Cost Percentage (& SAVE $$) | Cafe Restaurant Management Tips 2022

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👀 ABOUT THIS VIDEO
Managing your food cost is the difference between you going bankrupt or thriving. Here's how you calculate food cost percentage and build a successful restaurant food business!
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👀 ABOUT THIS VIDEO
Food cost is one of 3 giant expenses that take a bunch of your margins. If you don't know your food cost or how to manage it, you'll be in big trouble. It is one of the numbers you MUST understand well and tinker around. That is..if you want to open and run a successful restaurant or food and beverage business.
And when restaurant margins are already so thin, you want to do as much as you can to reduce your expenses. One of them is you can control is reducing your food costs.
I can't emphasize enough how important it is to know your numbers.
So if you're a restaurant owner, a small business owner, or part of the restaurant management team and want learn how to calculate food cost percentage, ways to reduce food costs, food costing and pricing, or simply how to run a restaurant successfully....keep watching!
#foodcost #restaurantmanagement #wilsonklee
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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.
Find more great resources, check out www.wilsonklee.com/
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[@WilsonKLee]

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[@thelifeboat7]

Can you mentor me in this area in terms of pricing? Thanks

[@miconyo]

How much?

[@maggiearellano6944]

Where are you located?

[@addyrose5184]

I see a lot of comments about the music and personally I really liked it and didn’t feel to it took away from anything. Also great video, really helps put everything into perspective

[@tpaobrien]

That music, get rid of it, it’s like a toothache.

[@padangbakingschool8931]

I think you better talk without music background.its better and can feel the atmospher.thank you

[@WilsonKLee]

yup. new vids dont' have bg music.

[@luxtrichoma8458]

@@WilsonKLee did the cost of goods sold jump from 40% to 46% as an error . It was $2.00 then $2.30

[@only4263]

@@WilsonKLee I LIKE THE MUSIC WILSON

[@abtheorychannel]

Yup.too loud

[@kareeseboone6011]

@@WilsonKLee Please update this one with no music.. I can't even listen the video past 6 minutes

[@dramarcellasarti]

Thank you. That's exactly what I've been needing. Very helpful

[@lethal2453]

The way i did it,and admittedly I didn't know at the time if would work, was my Plain Ham burger was the same price as everyone else, but we made it to basically break even gross inc wages, consumables and energy, The burger was huge and people loved it, then the add-ons to those burgers were 200 to 500% markup. And we went from selling 150 burgers a week, to 400 burgers. And it ended up becoming my strategy, to draw people in and break even on budget and make money from the rest of the food bought around the burger.

[@lethal2453]

There was an unexpected benefit to it too, because we started turning over lots more food, our suppliers stated to provide us better prices, which enabled us to make a little more on every sale, and improved the Net per sale.

[@lethal2453]

Also it allowed us to use much better quality food, which also helped improve the revenue as people know when they are getting good quality fresh food. We stopped skinting on price, and worked out a way to get better food and sell lots of it.

[@carole-anned.1423]

Truth be told, your videos are a godsend! Thank you 👌🏾

[@WilsonKLee]

I appreciate that!

[@train-your-knowledge]

This is amazing. Extremely valuable content. Thank you sooo much for putting this out there.

[@lieybethl1992]

Thanks Wilson for sharing this, especially point out the ideal percentage of COGS and food cost. (This is the first time I'm thankful to took Accounting as my major and am not overwhelmed with your explanation).

[@WilsonKLee]

Great to hear!

[@kennethstephens992]

Great videos. Love your explanations. Love how simple you keep it.

[@khairulanwar3398]

Thank you so much. Very informative. Easy to understand

[@marrki1000]

Thank you Wilson! Helped a lot.

[@lindiwezikalala4079]

Thank you so much for this video, you explained everything so well, I actually understood your video. My costing test is next week, so Thank you!

[@tauratonge8984]

Thank you for this video! this has helped me so much

[@laurengrobbelaar6026]

What a great video! Thank you so so much

[@seekandfind5858]

You are awesome Wilson, i love this video. Keep it up! Very helpful

[@WilsonKLee]

Glad it was helpful!

[@tukzaro1959]

Thank you very much. You're a very good teacher!

[@markchristianprado7135]

Amazing video Sir, learned a lot from this.

[@derek9441]

Love the advice. Trying to start a small Cafe. Thanks for it. I subbed

[@danw8916]

Excellent, helpful video Wilson’s. Thank you.

[@WilsonKLee]

Glad it was helpful Dan!

[@annasantiago7787]

Great video. Easy to understand.

[@foodbizztalk919]

Awesome video. Helping thousands. Keep up the good work Wilson.

[@WilsonKLee]

Glad to help!

[@user-pl3yz8qf1w]

Wilson thank you for your videos, they are really helpful and informative. THANK YOU!

[@peachfuzz3214]

Loved this video and the rest in the series. you do a very good job of breaking everything down and giving good examples. Thanks Wilson!

[@WilsonKLee]

Glad it was helpful!

[@dhundupasiktsang8688]

you are the super generous man ..... thank you so much . god bless you.

[@gnybishz6330]

i never in my life thought i would look this up but here i am and thank u so much

[@ViralMoments2023.]

Thank you for this video ❤

[@emzescalada3211]

Thank you for this info....it help me a lot

[@WilsonKLee]

Good to hear! Let me know if you have any otherr topics you'd like me to cover!

[@jayofman]

Glad I found you when I did. Your a great educator thanks for all you have shared so far.

[@WilsonKLee]

I appreciate that!

[@CaffeineMark]

Thank you sir 🙏 this was much needed.

[@kayedomingo8001]

Great video!

[@gebronthomasson6960]

Very good stuff..eye opening

[@smokedoutmotions_]

great work.

[@jopetaldecoa]

Thank you Wilson!!!! 😁

[@tavalovezkitty]

Amazing thank you

[@samuelakpenyi8125]

Great work. Thanks for this.

[@WilsonKLee]

Glad you liked it!

[@ibrahimhaneef6684]

Thank you Wil

[@GoGetterEddie]

This is an amazing content video. Music is distracting but I just watch & take notes. Super helpful as I’m starting one myself. Thanx for the info!!,

[@WilsonKLee]

Thanks for tuning in Eddie!

[@emilyndembe6300]

You're amazing. Thanks for sharing

[@WilsonKLee]

You are so welcome Emily!

[@samm1883]

Great job on explaining everything Sir

[@WilsonKLee]

Glad you liked it!

[@zxed183]

man im about to start my coffee shop and with these videos i feel like im getting top tier advice thanks a lot

[@WilsonKLee]

Glad to hear it!

[@sugathchanakawijerathna9629]

Very useful. Love from Sri Lanka ❤

[@tonnynganda.h7449]

Hello Wilson, dude I love your content. Your well versed and beautifully composed. Good luck my man. Greets from Lusaka Zambia.

[@WilsonKLee]

Thank you very much!

[@CairoJoe]

this is great content, thankyou

[@WilsonKLee]

Glad it was helpful Imran!

[@sergiodavidorias5424]

Great material! thanks! :)

[@WilsonKLee]

My pleasure Sergio!

[@cathiebalmes]

Thank u so much for this😊

[@defectionis6117]

Hello Wilson, new subscriber here. Can you make a video on food purchasing? Sharing ideas, tricks or knowledge on how to do it smart. Maybe using examples focusing on proteins and produce orders as a chef. Thanks Wilson! Keep up the great work

[@samkelisiwemathonsi384]

Thank you God bless you men

[@firthouz6409]

Thank you😊

[@zmfaro922]

It was interesting to see.

[@abdullahbhatti.]

Very informative Thank You soo much

[@WilsonKLee]

Glad it was helpful!

[@Empathrepublic]

You gave me something to think about

[@alirizvi3009]

Hey there, I haven't watched this video yet. I just wanted to say that you & your videos are fantastic. Excellent advice, to the point, professional delivery, kind nature, etc. I wish you the best on this channel, keep going! Best Regards p.s. you can find a lot of gems or "gold nuggets" around startups

[@WilsonKLee]

Appreciate the kind words!

[@robertglasburry1460]

Amazing videos i learn a lot with you

[@WilsonKLee]

Happy to hear that!

[@michaelteamkasandokunity1682]

thank you Sir Sharing ideas food coast

[@hanelgoyena]

Well explained

[@nishakathrotiya9825]

Nice videos i really wanted to start my own food business nd luckily I found out you. on top of that you are really good and kind hearted personality..

[@ritalife9128]

Thank u so much❤

[@antoniodossantos5960]

Thanks Wilson 🌎

[@sayedsharifsadat8784]

Believe me you are such genius person thanks very much Mr Wilson..

[@WilsonKLee]

You are very welcome

[@cateringcoachal]

I love how you explained the Cost of Goods Sold (COGS) with a clear breakdown and all the information without feeling overwhelmed. The 3 advantages of calculating COGS include the ff: 1. Strategize and engineer new menu 2. Run proper promos 3. Make more profits Thank you for this excellent video, Wilson. 🙌

[@kanvalnaik511]

Thank you very much for making this informative video love from India

[@thehealinggarden7850]

I understand fine with the music lol ❤️ thank you for the information

[@WilsonKLee]

I'm so glad!

[@dneuman7455]

Business planning involves sitting down and designing the menu and market you want to serve. And how the location kitchen, and decor meets those needs .This could take 7 hours or 40 hours depending on restaurnant experience . Business managers and owner and planner need to have analysis meeting , luncheon.

[@patriciapierre5542]

hello Wilson this video was great I'm starting my food trailer business in a month or so looking forward to maybe purchasing the online course

[@ShoppingwithRina]

Thank u so helpful to me

[@WilsonKLee]

Glad to hear that Rina!

[@williamstarila7748]

Thank you so much

[@yuriliu8472]

Thanks a lot for all the advices from a chef that want to open his own business. Of course many things I knew alre because of the experience but heard from you is more like a statistic I like it

[@WilsonKLee]

So nice of you, my pleasure!

[@bzgidey7356]

It seems we have a number of things in common. I am very interested to connect with you and get to know you and your business further and how we could work together to help each other out. I'm a Business Consultant that helps business owners increase their credit and offer alternative lending loans. If you are open to that please accept my request. Email me at [e-mail] Best, Bz

[@claraplante7715]

Thank you

[@munkit2641]

Thanks for sharing! 🇲🇾🇲🇾

[@WilsonKLee]

Thanks! Hope this was helpful for you :)

[@earldechsakda5766]

Great video. I was wondering if you could share how you create food cost on spreadsheet.

[@southernyankee4516]

You're amazing bro

[@WilsonKLee]

You too man!

[@excel-tutorial]

Thanks a lot for sharing the info. Running business is never easy. A lot of things to be considered. Therefore, I thought that it would a good idea to share knowledge how to build such a tool to manage the restaurant in Excel. Just following title, it will give you a nice solution: Restaurant Management System - Food cost control - Dashboard Tutorial in Excel

[@superchewy7763]

thank you

[@kaweesafrancis743]

Bless u wil

[@johntroyplacido364]

GREAT2 VIDEO

[@feimohach]

I enjoyed it n learned something, thanks n I liked also

[@WilsonKLee]

Glad to hear that! Do you own a food business too Fei?

[@feimohach]

My mum owns one, I try to make some adjustments here n there, The own an ice cream shop

[@Longevityosf]

Awesome video great value keep up Wilson! (Didnt like the music!!)

[@WilsonKLee]

Sorry about the music! I've taken it out in all my newer videos :)

[@mulatiechekol4513]

Wilson! how are you? this video is very important for beginners! If it possible, for the future practical approach can give detail lesson, you can show us from local restaurant who can cooperate willingly!

[@haziqhadifjunaidi3268]

this guy is tooooo underrated

[@VentMonsoon]

Very informative. I appreciate that. But I have a question. Do you look for a building first or do you get the license and permits first

[@mounirboukhebouze4764]

Thanks Wilson

[@WilsonKLee]

thanks for tuning in Mounir!

[@antoniodossantos5960]

Very nice video 🌎 Greetings from Colombia. The Venezuelan Immigrant writer, ecologist, entrepreneur🇻🇪

[@MiguelHernandez-rw4xu]

Infomative Video

[@WilsonKLee]

thanks!

[@kageryu2320]

thanks form BANGLADESH

[@5TA1KR]

Cost of the cookie is 0.25 to 0.5 ... You put a price - 50 dollars .. and the sell with a 90% discount! People would flood in. ... What a brilliant idea

[@smokebruster]

Superb

[@WilsonKLee]

Thank you! Cheers!

[@mattmallecoccio8378]

The major problem is that with new restaurants people are looking for the best food for the lowest price. So, say I wanted to make a foie gras terrine, I would need to sell lower end stuff, but make it flavorful enough to eventually build up enough revenue to begin selling that terrine without breaking the restaurant

[@TheEarlyellow]

Thanks Wilson for sharing. One feedback is I find the music kind of overpowering your voice. Maybe my hearing ain't that good :( just thought you might like to know. Thanks once again

[@WilsonKLee]

thanks for the feedback! Will try to lower it for the next ones!

[@tash211186]

agree!

[@iamachine92]

@@WilsonKLee mind to attach the link?, it's so hard to navigate since you have tons of videos

[@ambivalentdisaster673]

Your info is excellent and you have good tips. The style of video is just enough to keep your attention without overkill. However, I’d recommend losing the music entirely or just use it when you segue. You don’t need it in the background when you are talking numbers. Maybe for something broader it would be fine. That said, I really like your videos and they get my ideas going as well as remind me of what I need to think about still. Thanks for your work!

[@WilsonKLee]

Thanks for the tips!

[@zarrarali3910]

very helpfull boss..!! thank you however in my opinion if the background music could be at a much lower volume, would make it easy for me to focus thanks again

[@kizelabaker1929]

Thanks for this information. How do I calculate the cost of each ingredient that make up menu items?

[@bilalmahmood2944]

You missed the utilities cost in calculating the menu cost, if I am not mistaken. Indeed loved all aspects, thanks much!

[@johnhughes4967]

Thanks for sharing. It was somewhat challenging to focus on what you were saying. Perhaps the music could be turned down a little bit more.

[@p8zero58]

Brilliant video with many helpful advices👌 aside the music, it's just too loud & distracting.

[@darrenng9828]

good video, thanks. maybe lower the volume of the background music.

[@yam.feliciano4448]

Thankyou for sharing your skills, thoughts, advices and business ideas. I think I need a personal business mentor as well as a business partner like you 💕 You are such a great inspiration to all (specially "me") who desired to have a successful business in the future

[@WilsonKLee]

:) Thank youuuu

[@cheftimothy8260]

I want to start one

[@invernessmobile5020]

Thank you for very useful video. Backround music very loud. :( ..

[@189794]

I learned a lot from you , you explained it very clearly

[@kynthea4101]

You offer great value...but the music begins to tire the viewer...its great to start out with a bang...but then bring the volume way down...it could even go in and out of listening range to offer more variety. I found that I was attentive to what you were saying...but I got tired and had to pause it for a break. Thank you for your contribution to my education and future success :)

[@olgamakarova5127]

Hi, Wilson! Thanks for the great video. I have a small question though. If you are calculating the labor cost as a part of food cost, wouldn't you end up adding it twice when you are doing the overall cost calculation (food cost+labour+rent+etc.)?

[@WilsonKLee]

thanks! :) take the ones you've accounted for in food cost out from your labour cost when calculating. you can ask your accountant to prepare your books and catagorize them accordingly for your viewing.

[@geckografix8045]

@@WilsonKLee At Intercontinental hotels every department was based on a profit/loss(de-centralised), so the food cost was the actual food cost (not including labour) any wastage needed to be accounted for in a spoilage report and was logged as a NET cost so we had a food target % to meet every month, the same with Beverage, the same with Staffing(overstaffing was considered mismanagement of human resources). I did have a kitchen excel spreadsheet that was used to Tally the kitchen expenditure and costs and it would take into account all the above and spit out your end of month Food cost % but alas it is buried on a hard drive somewhere, if I find it I will share a link.