You’ll have access to your account and can begin adding recipes right away! When you sign up, a Customer Success Manager will reach out within a day of signup to schedule your first Onboarding call. From there any additional services (recipe upload, purchase integrations, data feeds) will have an established timeline and your Customer Success Manager will map out a plan that works for you!
Quickly and easily. Oh, you mean like how... A few ways:
There are 3 ways to get your purchase costs into meez
Absolutely! Though our team has tested every item for accuracy, we understand that your cup of diced onions may weigh more/less than the average weight we determined. You can update any ingredient or prep action from the ingredient's detail page.
Currently meez is accessible and optimized for use on any computer, tablet, or mobile device. There is not an iOS or android app yet (but it's coming soon!)
No setup fees to get going. But if you sign up for invoice processing, setup a direct purchase feed to another system, or sign up for back office recipe sync, there is a small one time setup fee per location.
Food costing is the total cost of all ingredients required to make a dish. It does not include things like labor costs and overhead, though sometimes will include the labor required to prep the food but not to serve the food. It is important to note that food costing pertains to the entirety of the ingredients used. For example, you may add "1 lb diced onions" to a recipe, but if you began with whole raw onions, peeled them and trimmed the core before dicing, you likely used more than 1 pound. Proper food costing accounts for the total amount of product used. This difference in the amount of product is called the ingredient yield, which we've calculated and tested for thousands of ingredients in the meez database.
Food cost control is the ongoing process of understanding your actual food costs, further reducing food waste and optimizing the profitability of menu items. Understanding your food cost requires accurate recipes, properly calculated ingredient yields and unit conversions, and real-time purchase prices tied to your recipes. Food cost control allows you to improve the bottom line of your food business or restaurant.
There are two approaches to food cost: first is the accurate real-time cost of the menu item. Next is expressing that as a percentage of that menu item's sell price, known as the food cost percentage.
We calculate the cost of a menu item with the total cost of the raw amounts of ingredients used to make a recipe or menu item.
To calculate the food cost percentage, you will divide the food cost of the menu item by the sell price of that item. For example, if a salad has a direct food cost of $3 and a sell price of $10, then the food cost percentage is 30% ($3 divided by $10 = 0.03 or 30%). The food cost caluclator in meez takes care of this for you.
Profit margin is the sell price of a menu item minus the food cost. In the case of the $3 salad from above at a $10 sell price, the profit margin would be $7 ($10 - $3 = $7).
The profit margin % is then calculated by dividing the profit margin by the sell price. In this case it would be 70% ($7 / $10 = 0.7).
To calculate the total cost of a menu you'll first need to calculate the theoretical food cost of the menu items. Multiply the quantity of the menu item sold by the direct food cost of that menu item. For example, if you sell 10 salads that cost you $3 each, your theoretical food cost is $30 ($3 x 10 = $30).
You can then do this for each menu item sold and calculate the total theoretical menu cost. For example, let's say all the menu items sold total $100 in cost.
Finally, you'll want to express this as a percentage. You will take the total theoretical menu cost and divide it by the total sales of your menu to achieve your theoretical food cost %. In this example, let's say you had sales today of $400. This means your total theoretical food cost is 25% ($100 / $400 = 0.25).
To calculate the actual food cost percentage of your business you will need to track inventory either once a week, month, quarter or year. The calculation is then the total amount you spent + beginning inventory dollar amount minus ending inventory dollar amount divided by total sales.
Food costing starts with a thorough and accurate accounting of all ingredients, no matter how small, used in a dish. Properly tracking food cost in your restaurant or food business means consistently tracking the theoretical food cost percentage of your total menu versus the actual food cost percentage you are achieving. The difference between the two is what you are wasting and your opportunity to save money and improve your bottom line.
Food costing has many benefits. The most important is that it allows you to understand, and thus control, the effect food spending has on your budget. It also helps you control overall costs thus giving you control of your bottom line and helping you build a profitable business. meez makes this much easier than the traditional methods of manually calculating with notebooks and spreadsheets.
Food costing allows you to determine the food cost of every dish. This helps with budgeting and menu pricing, among other things. Food costing has a direct impact on restaurant profitability. Combined with other factors, like overhead and labor, food costing helps you control restaurant costs and maintain a profitable bottom line.
Food costing software should automate the critical process of food costing for restaurants. At its best, it should help you determine accurate yield loss, unit of measure conversion, and prepped recipe costs nested in menu items easily and quickly. It will help you build a comprehensive database of recipes and current ingredient costs. It should also allow you to improve your recipes and menu items for the optimal profit margins/profitability of your restaurant or food business.
The number one way to reduce food cost in your restaurant or food business is to reduce the theoretical menu costs. This is done with a tool that can help you engineer optimal profit margins for each dish. The best way to maintain food costs is to execute properly and have clearly defined recipes and a single source of truth for all of your content.
While food costing software automates the critical process of food costing for restaurants, a recipe management system should enable you to manage every process associated with your recipes. This means organizing recipes, scaling batch sizes, collaborating with team members, R&D, food cost analysis, nutrition labeling and allergen analysis, training and learning management, and sharing recipes with team members and colleagues.
A recipe database is the entirety of all of your recipes stored digitally in one place. You should be able to search, filter, sort and manage all of your content quickly and easily. Book a meez demo to learn more.