Overview
The Cost Management and Pricing Course is designed to equip restaurant managers with the essential knowledge to control expenses and price menu items strategically. This course covers key areas including recipe cost calculation, profitability analysis, and factoring overheads into pricing decisions. By understanding the principles of cost management and pricing, learners can confidently optimise their restaurant’s financial performance, reduce waste, and ensure sustainable profit margins. Ideal for those looking to strengthen their managerial approach, this cost management and pricing course online UK provides actionable methods to enhance efficiency while maximising revenue.
Course Description
Imagine transforming your restaurant’s financial performance by simply knowing how to price every dish accurately. The Cost Management and Pricing Course opens doors to smarter decision-making, showing how every ingredient, labour hour, and overhead factor into profitability. Through the course, learners explore methods to determine recipe costs and create pricing strategies that secure consistent revenue without deterring customers.
Beyond basic calculations, this cost management and pricing course online UK emphasises the importance of integrating overheads and understanding profitability concepts. It enables managers to predict the impact of price adjustments, reduce financial risks, and maintain competitive yet profitable menus. Each module builds on the previous, creating a comprehensive framework for financial control within the hospitality industry.
For those seeking flexibility, this cost management and pricing course online allows learners to study at their own pace while applying techniques that can immediately improve operational outcomes. By the end, participants will confidently implement pricing models, optimise menu performance, and contribute to the restaurant’s long-term success.
Learning Outcome
- Calculate accurate recipe costs and adjust menus effectively.
- Apply profitability concepts to maintain sustainable revenue.
- Factor overheads into pricing to optimise financial outcomes.
- Analyse cost structures to make data-driven pricing decisions.
- Implement strategies that enhance overall restaurant profitability.
Who Is This Course For?
- Restaurant managers aiming to control costs efficiently.
- Chefs responsible for menu pricing and profitability.
- Aspiring hospitality professionals seeking financial skills.
- Entrepreneurs launching new dining establishments.
- Hospitality consultants supporting restaurant operations.
Certificate of Achievement
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Career Path
- Restaurant Manager: £25,000 – £40,000
- Cost Controller (Hospitality): £28,000 – £45,000
- Food and Beverage Manager: £30,000 – £50,000
- Hospitality Analyst: £27,000 – £42,000
- Menu Planner / Pricing Specialist: £26,000 – £38,000
Curriculum
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Introduction
00:01:00
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Why we need to price the menu
00:05:00
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Factors in determining prices
00:02:00
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How to determine Cost of Menu – Fundamentals
00:07:00
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Menu Costing Template Explained and key things to consider in costing
00:08:00
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Excel Template Explained in more detailed part 1
00:04:00
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Excel Template Explained in more detailed part 2
00:04:00
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Gross Profit/ Net Profit and Overheads Concepts – Explained
00:04:00
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Excel template to see if we need to increase prices
00:07:00
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Excel Template to determine how much an average guest should be spending
00:07:00
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Qualitative Factor in pricing of meny items
00:07:00
Offer Ends in
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Duration:56 minutes
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Access:1 Year
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Units:11

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