If you want to make your business more profitable, then you should know that this is in fact a tricky business. You have to think about your turnover, your wasted products and even the team members that you have on deck. At the end of the day, every detail counts and this is especially the case when you have money on the line.
At the end of the day, part of what makes restaurant work so difficult is that it takes time to make a profit. If you want to make a positive change then here are some tips that will help you to make a difference.
Reduce the Cost of Food
If you want to find more ways to make money in the restaurant business, then the first thing that you have to do is try and reduce the cost of food. The cost of food is a huge deal when it comes to running a business, and it is very easy for this to get out of control if you aren’t careful.
One way for you to curb this would be for you to work with your supplier to see if you can find high-cost menu items for a more affordable price. Work with your team on trying to reduce mistakes and also work with your head chef to see if you can try and control your portion sizes. If you can do this, then you are bound to save money overall.
Reduce your Overheads
Running a company properly means you have to reduce costs in a lot of different areas. If you focus on making good hires and also training your staff, then you may find that you can easily run your restaurant with less staff, and this can result in fewer mistakes.
Consider trying to take the time to do an energy audit to see if you are wasting money too. This is somewhat like ‘iykyk‘, otherwise you would reel under the burden of excess or unwanted expenditure, wherein you hardly see any profits in your restaurant business, if you’re not able to pin-point, control and professionally manage overhead costs like labor, energy bills, ingredients, etc.
On the flip side, make sure that you are investing enough in your restaurant. It may be that you take the time to find the best music for restaurants and bars or that you invest in some nicer, dimmable lights. Either way, all of this can add to your restaurant experience, and you may also find that you get way more customers over time.
Teach your Team
Bartenders, servers, and even your front-of-house staff have to be taught how to upsell. You have to teach them how to do this from the get-go so you can push bigger or more expensive meals. Of course, you don’t want people to feel like they are being given a sales pitch, but you do want to make sure that you are doing everything you can to capitalize on each sale.
When it comes to seated restaurants, your team should know how to sell appetizers, drinks, or even top-shelf liquors. If you can do this, then you will soon find that it is easier than ever for you to get the result you want out of your restaurant business, so be mindful of this if you can. It’ll work in your favor overall.