How To Price Your Restaurant Menu PROPERLY - 4.6 Profitable Restaurant Owner Academy

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In this video you’ll get a short overview of how to use your Average Order Value to create a restaurant menu guaranteed to hit your revenue goals.
Refer back to the excel from Module 4 Lesson 1.
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📚 ADDITIONAL RESTAURANT BUILDING RESOURCES
[Playlist] Profitable Restaurant Owner’s Academy - swiy.co/Start-PRO-Academy
[Next video] How To Create Your Restaurant Business Financial Plan - 4.7
- • How To Create Your Res...
[Lesson Resource] swiy.co/PRO-lessonresources
[Playlist] Foodiepreneur’s Finest Program - swiy.co/start-FPF-program
[Consulting] learnnow.wilsonklee.com/clari...
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👀 ABOUT THE COURSE
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NOTE: This was a paid course that was released in 2020 but is now released for free as I have left the food industry. This is my gift to you food entrepreneurs.
Please understand that there may be some outdated info or visuals for this reason.
However many of the theories and overall business fundamentals are still critical for a profitable and sustainable business.
Please smash the LIKE button and Subscribe [swiy.io/WKLYT] to keep this FREE course material up and running!
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This is module 4 lesson 6 of the Profitable Restaurant Owner’s Academy by Wilson K Lee.
In this course, you’ll learn how to how to start a profitable restaurant with no experience. I will go through the steps from figuring out your restaurant concept, to your restaurant location, to building your team, to marketing it.
This is one of the most comprehensive restaurant business courses out there and includes many examples from my personal experience building a ice cream franchise.
This course has theories and examples that are relevant for many different types of food businesses.
The course consists of 8 modules and 13+ hours of content through 55 videos.
► Module 0 is on The Next 4 Months & Timeline.
► Module 1 is on The Alignment: Foundations of You.
► Module 2 is on The Alignment: Your Restaurant Concept.
► Module 3 is on The Alignment: Foundations of Your Business
► Module 4 is on The Alignment: Foundations of Your Business Finances
► Module 5 is on The Connection: Your All-Star Team
► Module 6 is on The Connection: Your 1000 Loyal Fans
► Module 7 is on The Connection: Your Financial Freedom
► Module 8 is on Bonus Materials
#wilsonklee #restaurantbusiness #restaurantmanagement
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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.
I have got nothing to sell you as I’ve left the food industry as of 2022.
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.
All that I ask is if you find the content valuable, please smash the LIKE button and consider Subscribing. Share with a friend who can benefit from this so we can continue to spread more positivity around the world.
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.
Find more great resources, check out www.wilsonklee.com/

[@jeffharmed1616]

Many thanks for this breakdown. So the 1.5 busy day factor really accounts for these sessions being more than a single rush. Interesting approach.

[@jeffharmed1616]

Here is a free tip. With just your phone, you can calculate the cost of ingredients by taking 70% of average retail prices. Then check neighbourhood prices for your menu item prices. Work out your average order value from your menu and then your COGS%. Labour = 70% - COGS% - rent%

[@huus5682]

wilson thanks for the knowledge's

[@michaelvu8776]

Hi, wilson. how do i get access to this presentation file?