Introduction
If you run a restaurant, there's one number you need to know better than any other: COGS (Cost of Goods Sold). It tells you exactly how much it costs to make the food you sell.
COGS is the single most important number for restaurant profitability. Get it wrong, and you'll wonder why your busy restaurant isn't making money. Get it right, and you'll know exactly where every pound goes.
What is COGS?
COGS stands for Cost of Goods Sold. It measures the direct cost of ingredients and materials used to produce the food you sold during a specific period.
It's that simple. Three numbers, one subtraction, one addition. But this formula reveals everything about your food cost efficiency.
Why COGS Matters
Here's the hard truth: if your COGS is too high, you're losing money even when the restaurant is full. Every table can be occupied, every order flying out of the kitchen, and you still end up in the red.
COGS is the biggest controllable expense in your restaurant. Rent is fixed. Salaries are mostly fixed. But food cost? That's where you have the power to make or break your margins.
How to Calculate COGS Percentage
Knowing your COGS in pounds isn't enough. You need to know it as a percentage of revenue. This is what lets you compare performance across weeks, months, and locations.
5 Ways to Lower Your COGS
Lowering COGS doesn't mean cutting corners. It means being smarter about how you buy, store, and use ingredients. Here are five proven strategies.
- Negotiate better prices with suppliers. Even a 2% price reduction adds up fast when you're buying hundreds of thousands in ingredients every month. Get quotes from multiple suppliers. Use volume as leverage.
- Reduce waste. Every wasted item increases your COGS directly. Spoiled tomatoes, over-prepped salads, forgotten inventory in the back of the fridge — it all costs you money.
- Optimize portion sizes. Weigh everything. A chef who "eyeballs" 200g of chicken might be serving 250g every time. Over thousands of plates, that's a massive cost difference.
- Review recipes and find cheaper alternatives. Can you use a local cheese instead of imported? A seasonal vegetable instead of an out-of-season one? Small recipe tweaks can save thousands without sacrificing quality.
- Track COGS weekly, not monthly. Monthly tracking means problems hide for 30 days. Weekly tracking catches issues before they become expensive. Make it a habit every Sunday.
The Danger of Monthly-Only Tracking
Most restaurant owners check COGS at the end of the month. By then, the damage is done. A supplier raised prices two weeks ago, and you didn't notice. A new cook has been over-portioning every dish for 20 days.
Real-time tracking catches problems in hours, not weeks. When you see COGS spike on a Tuesday, you can investigate immediately. Was it a bad delivery? A waste issue? A pricing change?
The difference between a profitable restaurant and a struggling one is often just speed of information. The faster you know, the faster you act.
Conclusion
Know your COGS. It's the foundation of restaurant profitability. Without it, you're flying blind.
Track it weekly. Target 28–35%. Use technology to automate the math so you can focus on running your restaurant. Your profit depends on it.