Budget + Spend

"We believe that if we take this concept and educate the team about the financial realities of a business and make them more conscious of what makes the business profitable, then we all win." - Henry Patterson, Former Restaurant Owner, CEO and Founder ReThink Restaurants

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Rest Profit Margin

What is the Average Restaurant Profit Margin? Tips for Benchmarking and Optimizing

Learn how to track and optimize your restaurant profit margins and take a look at average margins across the industry to see how you stack up.

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How to Manage a Restaurant Balance Sheet

Learn how to create and manage a restaurant balance sheet to assess and improve your restaurant's finances.

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How to Calculate Your Restaurant's Prime Cost

Prime costs are the sum of the total cost-of-goods-sold (COGS) and the total labor costs. Learn why it's a critical financial and operational restaurant metric and how to track it.

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How to Read a Profit and Loss Statement

Learn how to create and analyze a profit and loss statement using this free restaurant income statement template and guide.

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Which Inventory Costing Method Is Right for Your Restaurant?

Inventory costing can help make the process of managing inventory easier — and more profitable. Here are the differences between the FIFO, LIFO, and WAC methods.

How To Calculate Liquor Cost in Your Bar or Restaurant

Here is a liquor cost formula to track your spending, inventory, and find ways to save.

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How to Calculate Restaurant COGS and Boost Profitability

Calculating your restaurant cost of goods sold might seem like a pain, but it's an important part of making sure your business is healthy. Here's an easy way to calculate it.

Restaurant Labor Costs

How to Calculate Your Restaurant Labor Cost Percentage

Learn to calculate restaurant labor cost by hours worked, labor cost as a percentage of revenue, and labor cost as a percentage of restaurant operating costs.

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LATEST

How to Start a Taco Business

How Much Do Taco Trucks Make?

Food trucks are usually less risky than traditional restaurants, but how much do taco trucks make? Explore typical taco truck revenue, profits, and costs here.

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How Much Do Candy Stores Make? | Revenue & Profits [2024]

From small independent shops to larger chains, understanding what drives income and how to optimize costs can help you maximize your profits.

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How to Price Restaurant Food in Today’s Market

How to set the right price for your restaurant food.

How to Price Food For Catering in Today’s Market

From calculating COGs to adjusting for inflation, here’s everything to know about pricing food for catering.

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How Much Does An Ice Cream Shop Make?

Learn how to optimize your ice cream shop’s revenue and improve profit margins.

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