The LA SBDC Regional Network offers no-cost virtual business workshops for small businesses.
We serve Los Angeles, Santa Barbara, and Ventura counties.
- This workshop has passed.
Understanding Food and Labor Costs in the Restaurant Industry
January 19, 2023 @ 2:00 pm - 3:30 pm
Free
How much money are you making off each menu item you sell? How much do you spend on employee wages every week or month? If you cannot answer these 2 questions immediately, you’re managing your business in the blind. Food and labor costs make up 60-65% of your total expenses. If you don’t keep them in check, your restaurant will quickly go under. This webinar will teach you how to calculate food cost for individual menu items as well as your overall restaurant performance. We will also review how to effectively manage your labor costs so new minimum wage hikes don’t eat up your profits. Get your restaurant back on track with all the best practices shared in this crucial webinar.
