Food Cost 101 Master Class
Managing food costs is essential for ensuring profitability and long-term success in the food truck industry. In this in-depth master class, you'll gain the skills and knowledge needed understand food cost, maximize your profits, and drive your food truck business forward.
Key Highlights of the Master Class:
- Understanding Food Costs: We'll break down the components of food costs and explain the impact on your business's financial health.
- Calculating Food Costs: Learn the art of costing methods, recipe cost calculations, and how to calculate food cost percentages effectively.
- Smart Ingredient Management: Discover strategies for sourcing ingredients, inventory control, vendor negotiations, and making the most of seasonal and local sourcing.
- Minimizing Waste: Identify and reduce food waste, implement FIFO inventory management, and find creative ways to repurpose leftovers.
- Menu Engineering: Optimize your menu for profitability by analyzing high-margin and low-margin items and learn how to adjust your offerings for maximum profits.
- Pricing Strategies: Set menu prices based on food cost, understand markup vs. margin, and harness the psychology of pricing to boost your revenue.
- Record Keeping and Tools: Explore the importance of accurate record-keeping and discover useful software tools and apps to simplify cost tracking and reporting.
Included in the download a PDF with a link to the video of the MasterClass and the spreadsheet used in the video so the viewer can follow along. This sheet is fully functional and the presentation information deleted to use for your recipes.
NOTE: PURCHASE DOES NOT INCLUDE THE FOLLOW UP COACHING SESSION OR ACCESS TO BLANK DOCUMENTS MENTIONED ON THE VIDEO.