Looking to save money but not so sure how to start practising cost-efficient methods for your restaurant? Cost-efficient methods may seem daunting and complicated but it really does not have to be – this article will provide you with 5 logical and simple tips to increase your profit margins overnight!
1. Go Green!
If your restaurant is still stuck on using disposable plastic utensils, cups or plates, it’s time to go green! Many eco-friendly restaurants utilise glass or ceramic dining ware instead and have even gone the extra mile to use metal straws. The one time cost of buying these sustainable dining ware will save you the accumulative amount spent on disposable plastic utensils in the long run. Plus it will completely rebrand your restaurant – imagine pretty China plates instead of red and gaudy plastic cups that totally kill your restaurant’s vibes.
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2. Be Strategic
Keep your menu small – don’t keep certain dishes just for the sake of keeping it if it is not popular among your consumers. This will help you reduce food wastage and the money spent on ingredients that are ultimately not used. Make sure that there are also common ingredients among your dishes so that you can save costs through bulk purchases!
3. Invest in Energy-efficient Appliances
Besides switching out disposable dining wear for sustainable ones, it is also important to invest in energy-efficient appliances. LED lights use only 10% of energy that a normal bulb requires and water-efficient fittings help save costs during washing.
4. Take Advantage of The Internet
Instead of promoting your restaurant in the local newspaper or through pamphlets, you can set up a Facebook business profile page or create your own free website with platforms like Wix and WordPress. This will save you money on printing and manpower. And besides, most of your target audience are constantly on their phones so setting up a digital presence for your restaurant is super important. It allows you to foster a relationship with your consumers outside of your restaurant!
5. Be conscious
This is by far the most important step – make sure you and your team are conscious of the little things. Such as making sure the temperature of your air conditioning is above 25 degrees, making sure that the lights are switched off when not needed and even washing dishes in a pile instead of individually to save water. It’s really the small things that matter.
Actionable Takeaway:
Don’t be afraid to take the first step to saving costs! It is not as daunting or complicated but the smallest things can save you the most money.
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