Menu Costing & Recipe Costing
Accurate up to date Menu Costing is the one system your restaurant must have to survive in today’s competitive environment. Understanding and controlling your food costs is the key way to creating a real impact on your profit margins. menu
Menu Costing is vital for every business. Do you know how much every item on your menu costs? If you don’t you know the costs, you don’t know the profit. At Finance Control, we have perfected our menu costing formula to help you to change your bottom line with accurate menu costing designed to optimise and boost your profits.
How to Cost a Menu?
From personal experience, we know that most businesses don’t actually know the true cost to serve each dish on their menu. This is a huge mistake as accurate up-to-date recipe costing can tell you if your menu items are going to bring in any profit or how much profit.
By partnering with Finance Control to introduce menu costing to your premises right now, we can help you to cut your food costs by a minimum of 3% to 7% straight away.
Many assume that to reduce food costs you must compromise on quality, but that doesn’t have to be the case. With such a variety of sources and products available, there’s more flexibility in prices than you might think. Armed with our information you’ll then know where to look and what to ask of your supplier, ensuring that you won’t have to compromise on quality.
Just get in touch with us now and we’ll be happy to discuss how to cost a menu!
Menu Costing Template
Using a Menu Costing Template to calculate your dinner, cocktails, and drinks menus can be an arduous task.
Knowing the cost of each of your items in order to prepare your menu, is one of the most basic yet overlooked aspects of running a profitable establishment.
Wouldn’t it be brilliant to know the real cost benefits of delivering these menus to your customers?
By understanding and trusting your numbers, you can then create strategies to reduce your costs, and make the money that you deserve. This is the answer to consistent profits.
Just Contact Us today and we’ll be happy to walk you through the packages that we have available for your business, big or small.
Menu Costing Formula
Engage and partner with us and we will add the “left brain” costing to your team’s “right brain” creativity and menu engineering.
Through our recipe costing services, we can not only gauge how well your restaurant is performing but can also help you to distinguish between dishes that are bringing in the most profit, and dishes that are losing money for your business.
Recipe costing is commonly used by some of the most successful restaurant operators in order to determine how much money they’ll make back on the sale of a dish, as compared to how much it costs to make that dish.
Contact Us Today and we’ll be happy to discuss your menu costing and our services in more detail.
Why Work with Us?
Efficiency
An efficient service is our pride and joy here at Finance Control. After years of menu costing and recipe costing, we are confident that our customers can expect a thorough, efficient, and accurate service.
Quality Service
Every decision that we make revolves around ensuring that our customer is at the forefront of that thought process. If you decide to work with Finance Control, you can be assured that you will receive nothing but an excellent service.
Wealth of Knowledge
Our menu costing services are backed up by years of experience in the industry. We have spent years ensuring that our menu costing formula has been fine-tuned based on the knowledge that we have acquired.
Our other Services
Combined with our Stocktaking and Accessories Cycle Counts services, we can also provide combined service solutions for your business such as:
Finance Control is your go-to high quality Bookkeeping Service for small businesses in Ireland We have a passion for helping our clients understand where their money is going and ensuring that their accountant can easily perform legal and tax management in a timely manner.
Our procurement and purchasing service at Finance Control can help you turn your procurement and purchasing into profit by setting up internal purchasing controls and policies that will remain in place as long as they are needed.
Finance Control offers stocktaking services in Ireland to assist business owners to increase their profit margins through efficient stocktaking solutions. This involves counting and checking all products in your business to make sure that your records are accurate for accounting purposes.
Looking for a service that you don’t see listed?
Just contact us today with any queries, or for a quote on our services, on 087 767 0816, or simply drop us on email to enquiries@financecontrol.ie.
Want to learn more?
Schedule a discovery call with Edward to discuss your procurement and purchasing pricing requirements.
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Are you ready to work with us?
Book a Consultation with Edward to discuss your procurement and purchasing pricing requirements.
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Menu Costing FAQs
Did we answer you question below? Send us a message and let us know what other questions you have!
This is the understanding and controlling of each recipe or dish on your menu. Knowing what each item on your menu costs to put together, and the required amount to charge, allows you to create room for profit – information critical to your business’s survival.
- Write down all of the dish’s ingredients.
- Determine the cost of each line of the ingredient in the dish.
- Add all of the calculated prices of the line of ingredients together.
- This is the total cost of your dish.
There are two main reasons here:
- Profitability
If you don’t know the costs of each dish, then you don’t know the profit. - Consistency
It can help you to distinguish between dishes that are bringing in the most profit, and dishes that are losing money for your business. It also gives your customers the same experience every time they call to your premises.