Running a Restaurant/pricing

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Question
what is the formula for pricing a cocktail recipe?

Answer
The recipe of the cocktail will have all the ingredients broken down into an ounce cost based on the recipe amts.  The total of that divided by the suggested selling price is the cost percentage.  For a featured cocktail I like to keep percentage costs around 18%.

Running a Restaurant

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Tony Figurelli

Expertise

I am well versed on all aspects of the restaurant industry. I have been President of a national chain of full-service restaurants, have operated in fast food, casual and fine-dining segments as well. I have opened(and successfully sold)my own restaurant and have opened over 35 restaurants in one capacity or another. I currently operate a consulting business, Meridian Hospitality Associates and can be reached at tonyfig@msn.com.

Experience

Over 30 years, see description above.

Education/Credentials
BA - Kansas State University

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