THE PROBLEM
Do you have questions about your food cost and how it impacts your profitably?
Raise your hand if you've ever asked yourself these questions:
Do you ever wonder if you have some menu item categories that make more money than others?
Do you ever wonder if you should launch another category or day-part like breakfast or dinner but just aren’t sure how to make the decision?
Do you ever wonder if your Beverages are bringing the profitability you need?
Are you just hoping you have enough money at the end of the week to pay your bills?
The MM Theoretical COGS MGMT tool can help.
When you implement this tool along with the Master Recipe Tool, we have seen a 3-5% increase in COGS Profitability.
What are the impacts when a food business doesn't understand their theoretical menu costs?
This can lead to several pain points, including incorrect pricing, reduced profitability, ineffective inventory management, difficulty in making informed decisions, and an inability to identify unprofitable menu items.
Why does this matter?
Rule #1 to running a successful Food Business? Know your numbers!
You can’t make good financial decisions if you don't know your numbers.
Implementing this tool is Step Two to truly understanding your food cost and unlocking the opportunities to drive it down. If you don't look at your weighted averages, you may find yourself selling your best lunch menu item at an unfavorable cost. This happens more than you might think!
You can’t make good financial decisions if you don't know your numbers.
Implementing this tool is Step Two to truly understanding your food cost and unlocking the opportunities to drive it down. If you don't look at your weighted averages, you may find yourself selling your best lunch menu item at an unfavorable cost. This happens more than you might think!
THE SOLUTION
Introducing the Theoretical COGS Menu MGMT Tool.
With this tool you can:
Ensure your menu items are priced accurately to ensure profitability.
Make a solid plan for R&D (menu items and category development). Our MM Guide, How To Design the Perfect Menu System is where you can find our proven, practical, actionable and easy-to-use Menu System strategies and tools.
Launch new day-parts by using this tool to understand the financial impacts to your business before you move forward. (E.g., "Yep, breakfast will be a great contributor" or "Nope, dinner will not drive the profit I need," etc.).
What can this tool do?
Utilize the information from MM Master Recipe MGMT Tool (Step 1) to populate this tool and provide weighted Theoretical costs by Menu Category, so that you can manage your whole menu, not just recipe-by-recipe. This is basically next-level menu management badassery.
Looking back at historical data allows you to stay profitable and make necessary menu changes when needed. Trends matter.
After a few months of history, you will be in a position to engineer your menus just as effectively as large companies.
TIME COMMITMENT
What's the time commitment?
Once you have your Master Recipe MGMT Tool completed, it can take an estimated 3-5 minutes per menu item to transfer that information to this spreadsheet.
Monthly Time Commitment After Initial Setup? Estimated at 60-90 minutes per Month. This work involves updating any recipe changes or deletions. It will be more if you overhaul your whole menu.
This is the investment you should consider making if you want to drive Savings between 3-5% and more (in a $10K / week business, this translates to $15-25K+/year savings every year.)
GET THE TOOL
Get started today!
This is part of our free restaurant industry tools bundle! It includes the Theoretical COGS Menu MGMT Tool, Restaurant Prime Costs P&L Tool, and the Master Recipe MGMT Tool.
RESTAURANT INDUSTRY TOOLS BUNDLE
COGS Menu MGMT Tool
Boost your profits and accelerate growth by understanding your menu's cost of goods sold.
Maximize profitability
Understand your food cost
Analyze menu categories
Make informed decisions
PLEASE NOTE BEFORE DOWNLOADING:
