Remove Portion Control Remove Pricing Remove Procurement Remove Supply Chain
article thumbnail

Gross Profit Margin: A Guide for Restaurants

Synergy Suite

Analyze the gross profit margin to understand how efficiently you’re managing costs and pricing your menu items. Gross profit is a critical indicator of the core profitability of a restaurant’s menu items, reflecting how efficiently it manages costs and pricing.

article thumbnail

Prime Costs: Understanding and Application for Restaurants

Synergy Suite

They serve as a compass, guiding decisions on pricing strategies, menu development, and staffing levels, ultimately influencing the delicate balance between offering high-quality cuisine and ensuring the establishment’s profitability. For restaurant owners and managers, understanding and effectively managing prime costs are paramount.

article thumbnail

COGS: Cost of Goods Sold Considerations for Your Restaurant Business

Synergy Suite

A high COGS percentage signals that a significant portion of revenue is channeled towards covering production costs, potentially impacting overall profitability. Understanding these trends can help you make informed decisions about pricing, menu adjustments, and inventory management.

Pricing 52