Outside the initial investment for your food truck, food cost is typically the highest reoccurring expense involved in the running of your mobile business. In order to keep food cost percentage at a manageable rate, we have come up with a list of tips you can follow:
Keep an eye on your profits and losses: When you know what profits you are bringing in as well as the fixed expenses affecting your food truck, you can better evaluate your options and see where you can cut costs.
Conduct inventory consistently: Regular and thorough inventory counts will help you stay in control of your usage and the costs associated. This is especially important for high-cost items.
Price menu items properly: When you price your menu items reasonably, your customers will continue to pay you and you will make a profit on your products. (Keep an eye out on a future article on this topic)
Portion food correctly: Be sure to serve food in portions that doesn’t become wasted. If you keep an eye on your trash receptacle, see if your customers are throwing away food they are too full to eat. If there tends to be a lot of food being discarded, you may be over-portioning your meals.
Rethink the garnish: Garnishes often consist of fancy fruits or layers of fresh lettuce which add visual appeal but are rarely eaten. Use less expensive food items or remove garnishes entirely to save on food costs.
Keep a record of all food waste: Use a waste chart to write down any foods that are made incorrectly, thrown away or spilled. Failing to record this “usage” will skew inventory reports and throw off your food cost percentage.
Be consistent with food purchases: Consistency with food purchases comes with time but can help you to anticipate expenses from week to week and keep your food costs steady.
Build a rapport with your suppliers: Once you are in business a while, your suppliers will get to know your regular food orders and you will become familiar with the cost of your purchased goods. Be sure you stay in communication with your suppliers in case of any problems with food quality or any issues with food prices.
We hope you found this article helpful, and if you have any additional suggestion, please feel free to add them in the comment section below.