4 Money-Saving Strategies You Can Use in Your Restaurant NOW
June 9, 2017Running a restaurant is one of the most interesting and lucrative businesses one can engage in with the right money-saving strategies.
However, it also poses to be one of the most difficult. Many factors have to be put into consideration in order to make sure that old customers are kept and new customers visit. In your efforts to ensure that you provide the best service to your customers, it seems that there are far more ways to spend money than to save it. Buying ingredients and supplies, paying utility bills and hiring the right staff consumes a lot of money! This often pushes restaurateurs to raise their prices, but this can result in a fewer number of customers, thereby reducing your total income. Therefore, as a restaurant owner, it is important to find money-saving strategies. This way, you can keep creating an amazing dining experience and bring in more profits at the same time. Engaging in a cost-cutting exercise can also help you keep the prices on you menu low to attract those who are looking for a less expensive meal, affecting your income flow. The good news is that there are a lot of quick steps you can take towards money-saving strategies.
Here are 4 money-saving strategies that you can adopt now.
- Menu Changes affect Money-Saving Strategies.
For every dish that you offer, calculate the cost to make it. Compare this to the cost you’re charging your customers. With this, you will be able to identify the meal that makes you the greatest profit. After identifying the dishes with more profit, place them prominently on the menu. For the less profitable ones, think about how you can modify the dish by using ingredients that are less expensive but just as tasty for better money-saving strategies.
- Energy Efficient Equipment
With their large, energy-consuming equipment, restaurants are often sacked with hefty utility bills. To cut your energy costs, replace older appliances with their new, energy efficient counterparts. Money-saving strategies also include regular maintenance on your ventilation system so you can save money on air conditioning.
- Supply Savings
If you think supplies are eating up a large portion of your budget, consider changes to your buying routine. Streamline your money-saving strategies by looking at your buying processes and transportation costs. Check with your vendors to determine if you can consolidate to only one or two vendors for all of your supplies. You may also wish to call around to see if you can get a better deal from a different vendor.
- Switch to Energy Efficient Light Bulbs
Using energy light bulbs can save you a considerable amount of money per year. As well as switching to an energy efficient variety, you will also do well to keep lights off when you don’t need them.
With these simple money-saving strategies, running a restaurant business becomes less money-consuming and more enjoyable for both you and your customers!
6 Equipment Buying Tips Every Restaurant Owner Needs to Know
If you own a restaurant, knowing how to purchase the right equipment is one of the key ingredients to the success of your company. Here’s a bit of advice to help you become a purchasing pro: Our 6 Restaurant Equipment Buying Tips 1. Consider your current situation and...
Don’t Buy a Commercial Refrigerator Before Considering These 4 Things
A commercial refrigerator is an equipment staple of every restaurant. There are several things to consider when acquiring a commercial refrigerator for your kitchen. When searching for the correct type of unit, here are four things to consider to help you choose the...
5 Ways to Get the Most out of Your Dishwasher
Dishwashers are an incredibly helpful timesaver, and in the fast-paced restaurant industry, staff and managers are desperate for even a small amount of extra time. Although simply putting dishes into a machine seems simple, if your dishwasher is not well-maintained...
How to Keep Having Fun while Running your Restaurant
Restaurant owners typically have a passion for cuisine. Opening and running a restaurant is exciting, providing the opportunity to fully explore and develop your vision. However, if you have been in the restaurant business for any length of time, you know that it is...
3 Great Reasons to Maintain Your Restaurant Equipment
As the owner of a restaurant, you want a healthy and clean business. In the hustle of everyday restaurant management, it can be easy to forget to take care of issues that don’t seem as pressing as the customer complaining that they got the wrong order or that their...
Avoid Surprises During an Appraisal of Your Restaurant Equipment
When it comes to time for your restaurant equipment to be appraised, confusion can set in. For the purpose of the appraisal, personal goods are given value, but goods that are classified as ‘real goods’ are considered part of the real estate or the building structure...
Essentials of Cleaning and Preventative Maintenance for Your Restaurant Equipment
When it comes to your restaurant equipment, regular cleaning and maintenance is essential for making sure your equipment lasts for years to come. And it isn’t simply a matter of making your food processors and commercial mixers more efficient. There are considerable...
3 Tips for Maintaining Your Commercial Oven
As a restaurant owner, buying a commercial oven is an enormous investment. You will desperately want this oven to work properly and you need to make sure it does. You are responsible for your restaurant business. But what if your commercial oven stops working on the...
5 Steps to Cutting Food Waste from Your Kitchen
Food waste is a problem around the world. Taking steps to prevent food waste in your kitchen doesn’t just make your restaurant more morally strong; it can also help you save money on ingredients and attract more customers. Here are some steps you can take to reduce...
Planning Your Equipment Needs When Your Restaurant is Expanding
Your restaurant is doing great, guests are coming in, and they’re spreading the word about the culinary masterpieces your restaurant offers, as well as the exceptional service that is provided by the kitchen equipment and staff. But with all the new business, you’ve...
How to Keep Cool in the Restaurant Kitchen
Being in the kitchen, it’s hard not to feel overheated, especially during the summer. The heat of the stoves and ovens will quickly make the restaurant kitchen somewhere you don’t want to be. How do you keep cool in the kitchen? We have brought together some of the...
How and Why to Make Your Restaurant Lead-Free
If you own a restaurant, then you already know how important water is to your operations, and that poor water quality can adversely impact the success of your business. That is why you should ensure a restaurant lead-free environment. Water is an integral part of all...
Can You Handle These 5 Types of Difficult Restaurant Customers?
No matter how much you love it, running a restaurant certainly has its challenges. It is time-consuming, hectic, labor-intensive and competitive. And to cap it all, there are the difficult restaurant customers you often have to deal with. It’s impossible to please...
5 Unique Restaurant Concepts Guaranteed to Thrill Diners
With restaurants on almost every block, having a unique restaurant concept can help set you apart, making your establishment stand out. These concepts may have taken a bit to catch on, but they have quickly become popular sellers. Here are 5 unique restaurant concepts...
How to Run an Energy-Efficient Restaurant
You probably don’t need to be reminded of the high cost of electricity in running a restaurant compared to an energy-efficient restaurant. Right now, many establishments, including restaurants, are going green and adopting eco-friendly strategies to conserve...