The #1 Thing You Can Do to Take Control of Your Food Costs TODAY
Food Costs play a BIG role in the success and profitability of your food business.
But time and time again I meet business owners who have…
...cost out their products for the launch of their business and never revisit their calculations again
...never cost out their products
...not paid attention to what their Food Costs are month-to-month.
They have no idea what their TRUE food costs are!
And the result is low profit margins, inconsistent financial outcomes, and cash flow trouble.
Here’s the GOOD NEWS:
Understanding your food costs, setting the right targets, and hitting them consistently isn’t hard, and you can get started TODAY.
In this video I share the #1… only takes a few minutes… BUSINESS CHANGING thing you can do today to Better Understand + Start Controlling Your Food Costs.
It’s the very thing that helped one of my program members identify that her Food Costs were 60% - that means 60% of revenue went directly to making her products, and just 40% was left to cover operating + labor expenses. It became easy to see why she was experiencing consistent losses.
Another member discovered he had average Food Costs of 93%! He was floored, and truly had no idea!
A third member discovered his food costs ranged from 18-35% during any given month and the large swings were playing a BIG part in his cash flow issues
Follow the simple 2-step process to gain a better understanding of your food costs, start saving money and improve your profitability!
About the Author: Sarah Delevan is a Food Business Financial Coach and Consultant with over 7 years of working in the food industry. She received her MBA from Rollins College and In 2017 she founded Sarah Delevan Consulting based in Los Angeles, CA and serving clients across the United States. She is the creator of the Financial Success Formula and the founder of the Profitable Food Business program. To learn more about Sarah and opportunities to grow a more profitable food business Click Here.