The question is, what food costs should you aim for for your restaurant? Let's discuss this right now.
[00:00:07] Food costs is a very important issue for your restaurant. It's a major cost. Now we all want to have the lowest possible food cost, and how do we go achieving now? Basically, it depend. on the level of restaurant you are having, maybe, you've got a, you've got a cheap low cost restaurant, you may have a low food cost and, because you've got to keep it low because you, you need high volume to get your profitability right.
[00:00:40] And so you may have a, like a, a pizza place or a pasta place or a, a cheap Asian type dish place where the ingredients are fairly low and people just like to have a clientele. Might be students or lower social economic area and people just want to come in, have a quick [00:01:00] meal and go add food cost, use of volume, and you go all the way along to your you fine dining restaurant.
[00:01:09] which could be, food costs of, say 30, 35%, 37%, 32% is pretty good, compared to your 27, maybe as low as 25% for your cheaper restaurant type meals. And it depends, also, depends on the quality of your staff. The, the standards they. have and the rent you're paying, all that sort of thing. But it boils down to the quality of food, and the, and the type of customer you're serving.
[00:01:43] So buy right, buy the right prices. Keep it constant control of your prices. Maintain that food cost in order to maintain profitability. Again, aim for 27% roughly, [00:02:00] give or take for your lower type price items, type of restaurant. And then obviously you can afford the high rate because you've got, you've got high volume of fine dining customers, then going to 35% should not hurt too much.
[00:02:20] Why you keep other costs under. It's very important that you keep close control, have your standard recipes, buy to specifications, train your staff right, and you maintain those high quality food costs
[00:02:35] and retain your profitability I like to hear comments. Feel free to leave 'them below . Thank you.
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