PRIME COST REPORT

By using Craftable’s Analytics module, tracking your Prime Costs has never been easier.

Prime costs are important for a restaurant because they represent a significant portion of the overall expenses and directly impact the profit margins. Prime costs include the cost of food and beverages (food cost) and labor cost (wages, benefits, payroll taxes), which are considered the most essential inputs in the production of menu items. Managing these costs effectively helps the restaurant to maintain its profitability, ensure menu pricing remains competitive, and make informed decisions on menu offerings and staffing levels.

By effectively managing these costs, a restaurant can ensure that it is operating within its budget and making a profit. Keeping track of prime costs also helps a restaurant make informed decisions about menu pricing and staffing levels, which are critical to its success.