Understanding your restaurant's COGS (cost of goods or cost of sales - the cost of the goods you purchase and utilize to create revenue), is the key to success for every well-run restaurant. As every operator knows, industry margins are paper-thin. To become profitable, it's imperative that you gain a true handle on how to control COGS in your restaurant. There are very distinct nuances related to the management of food and beverage costs. Throughout this video, we will focus our attention more specifically on how to calculate and control liquor cost, why understanding liquor cost is so important, and how to properly manage liquor in restaurants.
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Chapters:
00:00 Intro
00:53 Focusing on Liquor Cost
1:11 Liquor Cost Formula
1:43 Liquor Cost Formula Example
2:27 Why Restaurant Liquor Cost is so Important?
3:15 How to Properly Manage Liquor in Restaurants
3:30 Behind the Bar Theft Prevention in Restaurants
4:55 Proper Liquor Purchasing Strategy
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