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Lynx Purchasing relaunches ‘pioneering’ gross profit calculator app

8th Jul 2024 - 06:00
Lynx Purchasing relaunches ‘pioneering’ gross profit calculator app
As cost pressures on hospitality operators continue buying specialist Lynx Purchasing has launched a new, fully updated version of its ‘pioneering’ gross profit calculator app.

Gross Profit (GP) is the essential calculation which tells operators the menu price they need to charge for a dish, based on the ingredient costs.

The original Lynx Purchasing GP calculator app, which launched in 2013, has been downloaded more than 20,000 times onto Apple and Android devices, with an across-the-board appeal to everyone from leading chefs to catering college students.

Rachel Dobson, managing director of Lynx Purchasing, said: “Ours was the first GP App launched for the UK market, and we now often speak to new customers who tell us they know our company name because they were advised to download the App when they started college.

“However, time and technology never stand still, and a decade on the ‘back office’ of the App needed a complete rebuild in order to comply with the latest requirements of the App platforms.”

The new App features all the original functions of the GP App, but with faster functionality. It enables operators to manage their menu costs using one of three calculations:

  • By keying in the cost of ingredients and target percentage GP, users are given the correct price to charge on the menu
  • Entering the menu price and required margin gives the target cost price for ingredients
  • Keying in the cost of ingredients and selling price of a dish gives a readout of the gross profit being made 

The revamped App also gives users direct access to the popular Lynx Purchasing Market Forecast, as well as special reports and news from Lynx’s buying specialists. The Lynx Purchasing GP calculator app is free to download from the Apple and Google Play stores.

Written by
Edward Waddell