Boston Burger Company targets food costs between 28% and 29% of revenue
Chuck Sillari · EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari · Dec 27, 2016 · at 10:44
Chuck Sillari, co-founder of Boston Burger Company, breaks down the unit economics and food cost targets for the restaurant chain.
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“Your food costs, we try to keep them under 30, probably try to keep around 28, 29%.”
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More from Chuck Sillari
Boston Burger Company generated about $5.5M across three locations in 2015
“2015 revenue was about 5.5 million. That was between three locations that we have.”
Boston Burger Company grossed around $700,000 in its first year
“First year that we opened, we were doing maybe 700 grand out of a little tiny space in the first location, and that was gross, but you gotta keep in mind, the place is tiny.”
Boston Burger Company was featured on Diners, Drive-Ins and Dives and Rachael Ray
“We were on the Food Network, Diners, Drive-Ins, and Dives. Guy Fieri came in and filmed the show there. We were on the Rachel Ray show. The Travel Channel has been in our place to film.”
Boston Burger Company's second location cost around $750,000 to build
“The second location, he approached us, and he put up the money to build it out, and I think it was around 750,000 dollars.”