What is Restaurant Prime Cost

[@Therestaurantboss]

Can you tell me right now - like this minute - what your Prime Cost is? I am not talking about 1 month, 1 week, or even 1 Day. I am talking about right now!

[@imadaldada7079]

i am about to open a coffee shop i really learning a lot of tips in that field keep given us more details even is the videos are longer the more you give the more we learn. THANK YOU ☺

[@Therestaurantboss]

So happy they're helping you! congrats on the new coffee shop too. That's exciting! If you haven't already, be sure to grab our free restaurant owners toolkit. It's jam packed full of useful resources and tools that will help: www.therestaurantboss.com/toolkit -Dawn, Team TRB

[@imadaldada7079]

I bought your book Make it happen, waiting to be shipped to read it !

[@hanifsadr1356]

Good info!

[@jesusisthetruth8297]

Thank you, this has been very helpful and explanatory. God bless you and Jesus love you

[@Therestaurantboss]

Glad it was helpful!

[@gonzalovidalorellana5852]

Thanks for your information. I agree, less than 60% is good. The ideal, hopefully it is found and better performance, between 50 and 55%.

[@Therestaurantboss]

Agree! For some 57-58 works as well, which is why targeting under 60% is a good range.

[@mailbox5ravi]

Love you bro !!

[@Therestaurantboss]

Thanks man!

[@Ocheecheenay]

Great video once again. I only wish I knew this information a year ago.

[@Therestaurantboss]

Better late than never! :)

[@muhammadrameezriaz7587]

great stuff

[@Getwisdomapplicationknowledge]

great tips

[@Bibi-wb4il]

Hello I just viewed "four reasons I don't teach inventory" and I see your point. My question is: How can we get an accurate prime cost figure if we're not taking a detailed inventory check thus providing an accurate COGS figure? Thanks

[@Therestaurantboss]

Good question! This video on Food Costing will help answer that question: kzbin.info/www/bejne/lae3i3xnqJeGfNU

[@mrclayteevee]

Proper inventory can minimize employee theft, so it is very important

[@sukrawaiba1837]

Very helpful for sir

[@hugosalazar1760]

How can i get a prime cost excel spread sheet ready to go template

[@Therestaurantboss]

Hi Hugo! I am sorry, but that is not something that I currently have. Instead, I created a software program that tracks all of your expenses and calculates Prime Cost for you. Check it out: www.clickBACON.com

[@athiyajalill3763]

Dear sir please I would like to know what is a overhead in p& ,l Al's I need learn more about p&l

[@maileeyang676]

Is the labor includes all labor, OT and salary?

[@Therestaurantboss]

Yes, it does.

[@dougsinthailand7176]

I assume we’d add rent and utilities to labor.

[@Therestaurantboss]

At the most basic level, the only thing that goes into food cost is food, the only thing that goes into labor cost is labor. Here's a couple videos that Ryan did that might help out. Should Labor & Utilities be Included in Restaurant Food Cost: kzbin.info/www/bejne/gJu5ZWOdeMyjaZI Restaurant Food Cost, Labor Cost & Prime Cost Software Has Never Been Easier: kzbin.info/www/bejne/Zp7Ngat3i6eNfq8 Restaurant Financials Are Complicated!: kzbin.info/www/bejne/jpmpkpiQa5tqZpo We also do a free call (usually) twice a month to answer any questions about our software clickBACON and more broadly, restaurant financials in general. You should join us! Get notifications of the next call here: www.clickbacon.com -Dawn, Team TRB

[@dougsinthailand7176]

Intuitively I’d think each item sold has a different cost and price, but the rent, utilities and labor would somehow be applied to the profits on each item. Scratching head.