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Food & Beverage Costing

This app is very versatile and can be used in a number of ways

This app is very versatile and can be used in a number of ways

Food & Beverage Costing

by Culinary Concepts
Food & Beverage Costing
Food & Beverage Costing

What is it about?

This app is very versatile and can be used in a number of ways. Firstly, the app can provide users with a simple tool from which to preview the projected finances of a proposed start- up catering business. Secondly, the app can provide a useful insight and snapshot on the current financial state of an existing catering business. Thirdly, the app can display the critical financial areas associated with a catering business and expose an area (s) that needs attention. Finally, the app can be used to provide current and potential catering professionals with an awareness and growing understanding of the relationship and impact each key financial area has with each other and on a catering business.

Food & Beverage Costing

App Details

Version
1.5
Rating
NA
Size
2Mb
Genre
Food & Drink Business
Last updated
November 20, 2017
Release date
December 18, 2014
More info

App Store Description

This app is very versatile and can be used in a number of ways. Firstly, the app can provide users with a simple tool from which to preview the projected finances of a proposed start- up catering business. Secondly, the app can provide a useful insight and snapshot on the current financial state of an existing catering business. Thirdly, the app can display the critical financial areas associated with a catering business and expose an area (s) that needs attention. Finally, the app can be used to provide current and potential catering professionals with an awareness and growing understanding of the relationship and impact each key financial area has with each other and on a catering business.

The user selects:
1. A currency (i.e. GBP)
2. BACK OF HOUSE (screen 1) or FRONT OF HOUSE (screen 2)
3. Operating days per Week (1 to 7)

The user inputs:
4. An amount into Sales/revenue
5. An amount into Food Cost (either as a number or percentage)
6. An amount into Wages/labour (either as a number or percentage)
7. An amount into Overheads (either as a number or percentage)
8. Once the user has inputted numbers into the Back of House (screen 1), the user can
toggle to the Front of House (screen 2) and repeat the same process.
9. Once this has been completed, the user can toggle to view the Food & Beverage
summary (screen 3)

At any stage, the user can change numerical amounts accordingly on screens 1 and 2 to suit a proposed or current catering business, so that they can determine how they believe/know/consider/require the totals should/ought/might/need to be. (Please note: changing the Operating Days per Week on screens 1 or 2 will also immediately highlight the impact this has on the Average Daily Net Profit for each department, which might determine how many days per week a business decides to open the kitchens).

Finally, once all the data has been inputted into screens 1 and 2, a user can have an instant, accessible and user-friendly financial overview of a proposed or current catering business. Furthermore, this can help the user to become more aware of the financial challenges, financial risks and financial budgets that are critical to the on-going success of a catering business.