Gross Profit is a simple calculation that tells you how much money your restaurant makes after taking out the Cost of Goods Sold. Your Gross Profit is how much money you have left to pay for expenses, such as labour, rent, utilities, etc.
The calculation for your Gross Profit is simply
Total Revenue - CGoS = Gross Profit
over a defined period, such as a week, month, or year.
Cost of Goods Sold
One of the best metrics to have a look at first, i...