With the cost-of-living crisis still ongoing, running a commercial kitchen business in 2023 can be costly, with ingredients, equipment, and utilities all adding up. If you can get out of the weeds for a day or two (we know it’s hard!), we urge you to take a proactive approach, and see if there’s anything you can change, reduce or stop doing altogether. In this article, we will explore some effective ways to save money in your restaurant or bar.
Serve smaller portions
Many of us have experienced the frustration of leaving a restaurant with a half-full plate because the portion sizes are just too big. Consider serving smaller portions that leave room for dessert or an after-dinner coffee. By reducing portion sizes, you not only minimize food waste but also create a more enjoyable dining experience for your customers. This is the most simple yet effective strategy to reduce running costs in your restaurant.
Find new less expensive suppliers
Finding new suppliers can feel daunting, especially if you have established long-term relationships with your current vendors. However, sometimes it may be necessary to terminate a relationship if the prices have become too high and no longer work for your business. One way to find new suppliers is to attend trade shows or conduct a targeted online search using relevant keywords.
Limit promos or specials
Promotions can be an effective strategy to keep your offers fresh and generate buzz around your business. But it is important not to rely solely on price reductions as this can attract customers who are only interested in discounted meals. Consider offering incentives such as loyalty cards or money off vouchers to reward repeat customers who are likely to spend more in the long run.
Swap expensive ingredients for less expensive substitutes
This is an excellent idea that allows you to be creative too. For example, substituting pancetta with bacon, using raw potatoes instead of pre-cut frozen chips, or buying whole chickens instead of just the breasts can be more cost-effective options. Plus changing your menu seasonally or taking s is also a smart strategy that can help save money on ingredients, as seasonal fruits and vegetables tend to be less expensive.
Limit opening hours
If your restaurant experiences slow traffic on certain days of the week, consider adjusting your opening hours or even closing on those days altogether. Instead of pushing through on tough days, optimize your business operations in response to low traffic, you can maximize your staff time and increase your profitability.
By implementing some of the tips in this article, you can save money on a variety of expenses, and free up more funds for other high-priority goals, such as revamping your kitchen or bar. When you’re ready to think about your next design, it’s best to seek professional help from experts in the field, like us! Our team has the experience and knowledge to help you create a stunning and functional space that will elevate your business to the next level. Please get in touch.