When your costs go up, you have just two choices — reduce your spending or raise your prices. Most restaurant owners are raising prices. Revenue Management Solutions found that full-service prices shot up 9% year-over-year between August 2021 and August 2022. Customers have noticed. As a result, about 45% of diners say they’re eating out...
Owners and managers are now starting to see technology as a revenue generator, not an expense. Restaurant management software can lower your restaurant’s costs, track sales, reduce errors, and improve productivity. By using restaurant management software, you can streamline your business operations and save time and money. While it’s tough to measure the ROI on...Continue reading
Should a restaurant company invest in renewable energy? Renewable energy has become an increasingly popular form of energy generation, because of its many benefits over fossil fuels. It reduces greenhouse gas emissions, reduces the impact of global warming, and improves the environment by providing cleaner air and water. However, there are some potential downsides to...Continue reading
Guidelines for dining out may be easing up however, your customers may still have concerns regarding health and safety at indoor establishments. In addition to sanitation precautions and distancing procedures, restaurant owners and operators need to monitor systems properly to control air quality. Does this mean larger bills? Not necessarily! Here are 3 helpful tips...Continue reading
As we continue in a pandemic era, we are all learning to alter our approach to customer experience, especially in the food industry. Restaurants are leveraging contact-less platforms and placing consumers at a distance to flourish in these unforeseen times. Not only that, but throughout the past couple of years, restaurants have discovered new ways...Continue reading
With winter in full swing, many restaurants are looking for new and creative ways to save money on energy expenses. Your heating bills will increase with additional outdoor dining spaces, but the good new is, you can still cut your costs this season! 1. Conduct an energy audit At any time of year, an energy...Continue reading
With the onset of COVID-19, governments shut down businesses and placed heavy restrictions on operations. In order to reopen their establishments, restaurants and retailers have had to adjust protocols to conduct business during a pandemic era. Taking a slow approach to ensure safety was at the forefront of business, restaurants and retailers have...Continue reading
The value of training staff in habits that conserve power is often overlooked when organizing an energy management plan in restaurants. Lighting and equipment that’s energy efficient is a must, but something as simple as turning off faucets rather than letting them run can offer big savings in the long run. In fact, the prevalence...Continue reading
Utility bill reduction is important for any restaurant. Tracking your restaurant’s utility costs and usage is the first step to understanding where you can reduce costs. In fact, monitoring is the starting point for the type of big savings we can help you achieve. Benefits of Tracking Restaurant Utility Bills Tracking utility costs are necessary...Continue reading
How to Cut Restaurant Costs Food waste is a major problem for most restaurants. Researchers discovered that many restaurants waste so much food that it hurts their bottom line, so reducing that waste can significantly improve profits. There are a lot of techniques that can save money by cutting waste this year. Track Purchases and Waste...Continue reading