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Yeah, 15% considered huge in that industry.When I worked in an area that required food industry knowledge, I was taught the (classic, I found out) 30/30/30/10 rule (expense-profit model) in the restaurant industry.30% COGS, 30% wage costs, 30% other operating costs...10% Net profit. Tough times even tighter. Every bit counts (food wastage, menu engineering...).Someone above mentioned fish n chip shop/ takeaway shops. Their average Net is above the average restaurant.
Yeah, 15% considered huge in that industry.
When I worked in an area that required food industry knowledge, I was taught the (classic, I found out) 30/30/30/10 rule (expense-profit model) in the restaurant industry.
30% COGS, 30% wage costs, 30% other operating costs...10% Net profit. Tough times even tighter. Every bit counts (food wastage, menu engineering...).
Someone above mentioned fish n chip shop/ takeaway shops. Their average Net is above the average restaurant.
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