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How to save money running a restaurant

August 17, 2018

5 EASY WAYS TO SAVE MONEY IN THE RESTAURANT INDUSTRY

Running a restaurant can sometimes feel like you’re running a circus. Although keeping up with traffic is often the main objective, letting the chaos take over will likely cost you thousands in avoidable expenses.

With a few easy procedural changes, you can easily minimize the risk of wasteful spending and tighten up the flow of your restaurant’s bottom line.

The following 5 tips will help you brush up your process flow and keep your money where it belongs:

TIP #1 – OPTIMIZE YOUR INVENTORY:

Food waste is often one of the biggest cost killers for restaurants.

Take the time to evaluate your inventory and get a good understanding of which products go faster than others.

By reducing excess inventory spending, you will influence your kitchen staff to be more conscious of portion control while minimizing food spoilage and waste.

TIP #2 – CROSS-TRAIN YOUR RESTAURANT STAFF:

Having a team that is well-versed in various restaurant responsibilities will strengthen the flow of your business. Have them work together to cross-educate while team-building simultaneously.

By enabling everyone to perform important tasks, you can schedule your staff based on restaurant traffic as opposed to necessary skillsets.

TIP #3 – TAKE SOME PRESSURE OFF YOUR DISHWASHER:

To save on hydro expenses, always wait until the dishwasher is completely full before turning it on. As running a half-empty dishwasher will literally waste water, soap and energy expenses, this simple change can make a major difference.

Soaking your dirty dishes in warm water before washing will also use significantly less water while making them easier to clean.

TIP #4 – LEARN MORE ABOUT FREE/LOW-COST MARKETING:

As marketing can sometimes be a very costly service, consider turning to the internet for your very own crash course!

With free resources such as google and youtube, it has become incredibly easy for people to self-educate on just about anything you can imagine.

Spend some time researching marketing techniques for different social media platforms, email campaigns, and even Search Engine Optimized (SEO) websites and blog features.

Having full control over your own marketing will also allow you to connect with your patrons on a more personal level, creating a presence within your community.

TIP #5 – LET YOUR EMPLOYEES GET INVOLVED:

Allow your restaurant staff to get involved in the planning process. You need them to be successful, so don’t be an A..

As you consider the different options in saving food, energy and expenses, it is much more likely that everyone will be kept up to speed and commit to their contributions.

That being said, it is also important to acknowledge, recognize and reward employees for their efforts and dedication.

As decreasing expenses will require a team effort, create a positive attitude around saving. Many restaurants make the mistake of making their employees feel watched or micromanaged as opposed to involving them in a collaborative effort.

By implementing these easy money-saving methods, your restaurant is sure to benefit from a happy team, happy customers, and a happy bottom line.

IF YOU ARE A RESTAURANT OWNER LOOKING TO BUILD/RENOVATE YOUR BUSINESS, GET IN TOUCH WITH OUR BUILD IT By Design TEAM TO GET STARTED!

FEEL FREE TO CONTACT (905) 696-0486 OR [email protected] FOR MORE INFORMATION.

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