It's important to learn how to manage cost for restaurant business. These two numbers show the total percentage of a restaurant's expenses that are dedicated to food and beverage inventory. Cost of goods sold, or COGS, is an integral measurement that helps a restaurateur increase restaurant sales and ensure restaurant or bar profitability.Ĭalculating COGS is also a vital step in finding a restaurant's food cost and liquor cost. Running a successful restaurant or bar requires a thorough grasp of accounting principles.
It'll help you manage restaurant risk assessment. Do you know your restaurant's cost of goods sold? How about how much do bars make in relation to the COGS? You should.
