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Food business success formula! Restaurants has high failure rates among other businesses. Especially theme based restaurants fail faster than other restaurants. Theme based restaurants primarily focus on other features than the food. But restaurants exist only because of good food and service other extra advantages are bonus to the customers. If you are running a restaurant, focus on food taste and service rather than themes. Themes are helpful to attract first time customers only. [business, re
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🤯 Want to know how to calculate your restaurant's food cost in just 60 seconds? Start with inventory costs, add labor costs, then calculate your cost of goods sold (COGS). For example, with an ice cream, inventory costs are $1.50 and labor costs are $0.50 per serving, totaling $2.00. If you sell an ice cream for $7, your food cost percentage is 28.57%. Keeping this between 15%-30% will help you maintain a healthy profit margin. Once you know your food costs, you can better promote high-profit i
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