In this in-depth episode, dive into the complex world of food cost management with our expert guide, ensuring your restaurant not only serves delicious food but also turns a profit. Discover the importance of accurately calculating food consumption, the difference between theoretical and actual food cost percentages, and why standardized recipes are a must-have for any successful kitchen. From understanding the cost per plate to pricing your dishes correctly, we explore the ins and outs of a successful restaurant's financial system. Whether you operate on a month-end system or a 13-period year, these strategies can help tailor the way you manage your food costs. Unearth practical strategies such as implementing a waste factor and how it impacts your bottom line. Plus, we shed light on why percentages don't always tell the whole story - sometimes it's all about the dollars in the bank! Join us and equip yourself with the tools to navigate the challenging but rewarding journey of running a successful restaurant business. Visit our website at chefspsa.com for more resources and tools to boost your culinary venture. Don't forget to subscribe and leave us a 5-star rating if you find our content valuable. Every bit of support helps us to continue providing insightful tips and strategies for you and your kitchen. Listen in, learn, and get cooking on your restaurant's success! www.chefspsa.com for more --- Support this podcast: https://podcasters.spotify.com/pod/show/andre-natera/support