Sample interview questions: How do you handle the financial aspects of grab-and-go or deli operations, including pricing and cost control?
Sample answer:
Pricing
- Market research: Conduct thorough market research to determine competitive pricing and customer demand.
- Cost analysis: Calculate the cost of goods sold (COGS), including ingredients, labor, and overhead, to determine a profit margin.
- Dynamic pricing: Adjust prices based on demand, time of day, and seasonality to maximize revenue.
Cost Control
- Inventory management: Implement rigorous inventory tracking systems to prevent overstocking and spoilage.
- Labor scheduling: Optimize labor hours based on sales volume and peak periods to reduce labor costs.
- Procurement: Negotiate favorable prices for ingredients and supplies through strategic sourcing.
- Monitor food waste: Regularly track food waste and implement strategies to minimize loss, such as preparation forecasting and portion control.
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Source: https://hireabo.com/job/11_0_4/Food%20and%20Beverage%20Manager