Restaurant Menu Pricing Strategies – Use Data to guide decisions

menu-pricing-strategies
Menu pricing strategies for food and beverage items is the engine behind your company’s success, as sales are your restaurant’s sole source of revenue. Pricing for food directly impacts your ability to fund essential aspects of your business, including equipment, utilities, labor, ingredients, and more. When creating or updating your menu, follow tips in this course, and learn restaurant menu pricing strategies using data & effectively price your menu for maximal profits.
  • menu pricing needs to be able to cover variable and fixed costs
  • Menu pricing for food and beverage items needs to be aligned with market forces. In this course, we will learn how to calculate effective recipe cost and price based on that cost. we will also learn how fixed cost and overheads impact the pricing of menu items and how we can factor such cost in pricing.

What you’ll learn in Restaurant menu pricing strategies,

  • How to calculate recipe cost
  • how to determine ideal food cost %
  • how to calculate menu price based on the menu cost
  • how overheads and fixed cost affect pricing
  • qualitative aspects in menu pricing

Are there any course requirements or prerequisites?

  • Understanding of kitchen operations

Who this course on restaurant menu pricing strategies is for:

  • Chefs
  • F&B managers
  • Finance Cost control staff
  • Restaurant owners and managers
  • hotel F&B and Kitchen Staff

Check this blog to learn more about How to Calculate Restaurant Menu Prices Based on Ideal Food Cost Percentage

Introduction & Fundamentals

1
Intro to course menu pricing
2
Why we need to price the menu
3
Factors in determining prices

Determining Recipe Costs

1
How to determine Cost of Menu Fundamentals
2
Menu Costing Template Explained and key things to remember
3
Excel Template Explained in more detailed part 1
4
Excel Template Explained in more detailed part 2

Profitability Concepts and Factoring Overheads in pricing

1
Gross Profit Concepts Explained
2
Excel template to see if we need to increase prices
3
Excel Template to determine how much an average guest should be spending
4
Qualitative Factor in pricing of menu items

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Enrolled: 1 student
Duration: 1 hour
Lectures: 11
Video: 1 hour
Level: Advanced

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Restaurant Menu Pricing Strategies – Use Data to guide decisions
Price:
$105 $9.99