There are many factors when running a restaurant—from the wait staff to the cooks, the equipment, décor, and general maintenance. Any single one of these can be detrimental to your restaurant’s profits due to a lack of efficiency or proper management. Consider a few money-saving ideas for restaurants that will reduce the operation cost while maintaining quality in your business.
Portion Control
The amount of food you put on a plate and what you charge is the very foundation of a restaurant. You need to know the right amount to put on to ensure customers are full, and you have to price it right, so no one leaves unsatisfied or ripped off. This is a delicate balance that can be difficult to achieve, and a pricing system that works for most will not work for every patron.
Determine That Balance
Look at the left-overs people leave on a plate after a table leaves; if there is nothing left, then that may be a good sign. But if there is consistently left-over food on a plate, then you may have a portion control problem. Food wastage is one of the biggest cost inefficiencies in a restaurant, and one of the strategies to mitigate that waste is to offer smaller portions of meals.
Inventory Management
Take stock of everything you have in the pantry and freezer. You may not realize just how much inventory you have or how much of it is going to waste. Take a day to sift through everything you have in stock and keep what is still good and toss what has gone bad.
Figure Out What You Need
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Energy Efficiency
Besides food wastage, your business’s energy bill may be responsible for a lot of money loss. Observe what types of light bulbs you use and what kind of appliances you have in operation. Chances are, you can easily replace them with more energy-efficient options that offer the same quality but for a fraction of what it costs to power them.
Make Sure It All Adds Up
While it may seem ludicrous to think that changing a few light bulbs or an appliance or two will make a significant difference, the truth is that it adds up. Your restaurant may need to have the lights on from before you open to after you close, and having those lights running costs money.
Don’t Wait
The longer you take to implement money-saving strategies for your restaurant, the less money you save in the long run. Implement new ideas to maintain your standards while doing it in a more financially stable way.