How To Cut The Costs Of Running A Restaurant.

537
Comments Off on How To Cut The Costs Of Running A Restaurant.
Photos provided by Free-Photos from Pixabay 

Restaurants have some of the highest running costs of any type of business. High overheads can make it difficult to make a worthwhile profit. Fortunately, there are many ways to bring down the costs of running a restaurant. Here are just a few tricks for running a restaurant business more affordably.

Utilities

Restaurants can often have high utility bills. Try to consider small ways to save energy such as switching to LED bulbs and investing in energy-efficient machinery. As for reducing your water bill, make sure that dishwashers are fully-loaded each time before turning them on and consider touch taps in customer bathrooms to prevent taps being left on.

Equipment

Investing in good quality equipment is important – frequent breakdowns, repairs, and replacements could cost you a lot of money. Brand new equipment will be more reliable and more energy-efficient, so consider this. Keeping equipment well-maintained will also save you money in repairs.

Food supplies

When buying ingredients and inventory for your restaurant, it’s important to choose the right supplier. Buy food in bulk when possible – wholesale vegetables and tubs of sauces can save you a lot of money. By keeping track of ingredient usage and introducing portion measures you can prevent unnecessary waste.  

Marketing

Marketing is essential for helping you to attract customers. You don’t have to spend a lot on marketing – keeping your social media accounts updated and encouraging good reviews are cheap ways to market your business. Also consider ways of encouraging return customers, such as loyalty discounts.  

Employees

A good restaurant needs good employees. Don’t rush the hiring process – by taking your time and considering lots of applicants, you can increase your chances of finding that perfect employee who is going to serve you well and stick around. It may be worth offering a few incentives to keep employees loyal such as bonuses or free meals. A friendly and supportive environment is of course key – if you’re there for your employees, there’s more chance they’ll be there for you.

Decorations/remodelling

Many restaurants spend huge amounts decorating their dining space to be as lavish as possible. It’s important that the interior is warm and inviting, but you don’t want to spend too much money on it. Think minimal and buy tables and chairs that are built to last. Make sure that surfaces are easy to clean – if things get scruffy more easily, you’ll want to replace them sooner. 

About the author

Like Minds is a global thought leadership platform delivering world class events on business development, knowledge and insight aimed at entrepreneurs and business leaders to engage, stimulate and empower them to become global businesses of the future. We also offer a bespoke service for corporate clients and training programmes under the Like Minds U brand. For more information please email bespoke@wearelikeminds.com