As in every business, saving money is also one of the priorities of restaurant owners. In order to maximize their Return of Investment they start examining new ways to cut their costs but always maintaining the priority on their quality.
A recent study of QSRMagazine, proved some ways restaurant owners can maximize their ROI and improve their bottom line:
1. Rethink ingredients
Consumers are more health-conscious than ever, and restaurants should listen to them when they want to listen where their food comes from. The study states that consumers are flocking to scratch-cooked, health-forward, and farm-to-table offerings.
In that way, the study by QSR, shows that restaurant owners are finding ways to rethink ingredients and cut costs understanding the relationship between supplies coming in and the associated labor costs needed to transform them into meals for customers.
2. Focus on Savings, not just cutting
Another way that restaurants can maximize their ROI, is concentrating more on cost savings and better spending rather than in cost-cutting.
One way restaurants are trying to do this is trimming training programs to save cash, others are re-examining ways to create long-term stability in its management ranks.
3. Watch every penny
The study tells that sometimes you’ve got to spend money to save money. In order to maximize their ROI, restaurant owners should take their time to keep updated with their financial reports.
4. Design on a Budget
Last but not least, another way for restaurant owners to cut costs, is to adjust budgets. As general contractors, we know how important is this factor to operators that sometimes do not have so much flexibility in this matter.
The study states that one way that operators can save money when designing their budgets is cutting from the restrooms first. “Tile costs vary widely and are an easy downgrade to realize savings.”
At DDC Group we can help you stay on budget and maximize the ROI on the construction of your restaurant. Ask us for a special proposal, and let us help you expand your business and increase your revenue!