This lesson includes
- Closed captions & dubbing
- Downloadable resources
- Mobile app (iOS & Android)
Calculating your prime cost
When you run a hospitality business, keeping track of your finances is crucial. Figuring out the prime cost for your venue is one of the most important...
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This lesson includes
- Closed captions & dubbing
- Downloadable resources
- Mobile app (iOS & Android)
Lesson details
When you run a hospitality business, keeping track of your finances is crucial. Figuring out the prime cost for your venue is one of the most important calculations to get right as it directly impacts your profitability - but it is often miscalculated.
In this online lesson, chef turned restaurant consultant Ryan Gromfin talks you through the prime cost formula that will help you keep on top of your expenses and profits.
What you'll learn in the Calculating your prime cost lesson
- How to calculate prime cost in your venue
- Common mistakes to avoid when calculating prime cost
Instructor
After 15 years of professional cooking and catering, Ryan Gromfin turned to consulting in the restaurant industry. As The Restaurant Boss, he uses his extensive experience to help restaurant owners reduce costs and increase profits with efficient...
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