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budget

Home » budget » Page 2
 What Is a Good Food Cost for a Restaurant
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By Fred Langley
In 1. David Scott Peters, budget, Food Costs, The Numbers, Video Blog
Posted February 22, 2018

What Is a Good Food Cost for a Restaurant

One of the most common questions we get asked is, “What is a good food cost for a restaurant?” Another common one is, “What is the average food cost for a restaurant?” [...]

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 1 Trick to Stretch Restaurant Labor Dollar
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By Fred Langley
In 1. David Scott Peters, budget, Employees, Labor, Video Blog
Posted February 15, 2018

1 Trick to Stretch Restaurant Labor Dollar

Every restaurant is looking for ways to stretch the restaurant labor dollar. A great way to save thousands of dollars in labor is to watch out for one specific mistake. Watch this video to learn [...]

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 A Plan to Reduce Restaurant Prime Cost 4-7 Percent
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By Fred Langley
In 1. David Scott Peters, budget, Labor, SMART Systems
Posted February 9, 2018

A Plan to Reduce Restaurant Prime Cost 4-7 Percent

Year after year I speak literally all over the country, sometimes even internationally, teaching restaurant owners how to reduce restaurant prime cost. The crowds range from small groups of a [...]

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 How to Track Restaurant Sales Correctly
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By Fred Langley
In 1. David Scott Peters, budget, Sales, The Numbers
Posted January 23, 2018

How to Track Restaurant Sales Correctly

There is a right way to track restaurant sales to ensure you are accurately calculating your restaurant prime cost, which is your guiding number for profitability. Just in case you’re new to the [...]

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 Use this Number to Calculate Prime Cost Correctly
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By Fred Langley
In 1. David Scott Peters, budget, Sales, The Numbers
Posted January 23, 2018

Use this Number to Calculate Prime Cost Correctly

In this article, I covered the difference between gross and net sales and why the distinction is so important, which is to ensure you calculate your restaurant’s prime cost correctly. Your [...]

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 Signs It Is Time to Replace Restaurant Furniture
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By Fred Langley
In 8. Guest Bloggers, budget, Of Interest
Posted January 16, 2018

Signs It Is Time to Replace Restaurant Furniture

You may not realize it, but your furniture can say a lot about your restaurant: what type of food you serve, your culture, your price levels, and your level of service.  Likewise, having [...]

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 Why Restaurants Need a Budget
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By Fred Langley
In 1. David Scott Peters, budget, Leadership, The Numbers, Video Blog
Posted January 3, 2018

Why Restaurants Need a Budget

Do you ever wonder why restaurants need a budget? Do you run your restaurant based on your gut? You can’t do it anymore – the risk is just too great. Watch this video to learn why [...]

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 Overcoming Increases in Minimum Wage in Restaurants
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By Fred Langley
In 1. David Scott Peters, budget, Food Costs, Operations, The Numbers
Posted November 9, 2017

Overcoming Increases in Minimum Wage in Restaurants

Let me start off by being very clear… this is not a political article, it’s a business article. I don’t care what side of the political fence you live on, my goal is to teach you what you need to [...]

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 Restaurant Prime Cost Formula
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By Fred Langley
In 1. David Scott Peters, budget, The Numbers
Posted August 17, 2017

Restaurant Prime Cost Formula

  The restaurant prime cost formula is the most important calculation in your restaurant. I bet you’ve heard that a typical restaurant makes a nickel to 8 cents on every dollar they bring [...]

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 Make More Money in Restaurant Business
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By Fred Langley
In 1. David Scott Peters, budget, Food Costs, Inventory, Labor, SMART Systems, Video Blog
Posted May 17, 2017

Make More Money in Restaurant Business

Are you asking yourself why you can’t seem to make more money in the restaurant business? Did you always want to run a restaurant and make great food to create great experiences and [...]

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