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Hey guys, my name is Wilson. Today were going to be talking about how do you calculate your food cost. Now, first and foremost, why is food cost so important? There are basically three types of costs that would determine whether your business goes bankrupt, or whether you would be having a thriving restaurant business. The three types of expenses are your rental cost, your labor cost, and your food cost. So these three things adds up to close to 75% to 90% of your revenue, okay? So what that means is that if you can control one sector and one component of this cost, youre going to be able to maximize the amount of profit that you can bring home. Okay? And in the food and beverage world nowadays, the margins are really thin and enough, were talking about 5% to 10%. So what that means is, if you learn how to calculate, and when youd learn how to calculate food cost, youre going to be able to better control this item. And when you can better control this item, that means that you can
