+27 (0) 82 806 6743
info@idealsoftware.co.za
Facebook
Twitter
Google+
LinkedIn
Instagram
Ideal Software
  • Home
  • IdealPOS
  • IdealStock
  • Clients
  • About
  • Contact
  • Extras
    • Our Blog
    • Infographics

Top 10 Tips to Increase Restaurant Profits

May 17, 2016Admin_IdealFood Cost, Food Service, Restaurant Profitability

Restaurant Guest Experience

Many food-loving entrepreneurs have a desire to own a successful restaurant. However, it’s a tough business, and the percentage of those who don’t make enough money to survive is around 60 percent. Having said that, a good number of restaurateurs are highly successful, so why do they succeed when others fail to get off the ground?

The answer is simple: they make a decent profit! Here are 10 proven tips to help you increase your profits.

1. Cost Control

The success of your business relies on generating enough income to cover all your expenses while having money left over. You can only achieve this if you keep a close eye on all your costs and regularly monitoring your income and expenditure. It helps to establish a base line for each expense and to follow-up on deviations.

2. Menus

Plan your menus carefully. You need to ensure you understand exactly how much each item costs and what you can reasonably charge. The menus need to be attractive and the portions acceptable.

3. Suppliers

Food purchases represent the biggest portion of your input expenses, so keep a tight control of what you buy. Keep your suppliers on their toes and actively shop around for the best prices. Firmly resist pressure for unjustifiable price increases.

4. Wastage

Everything that’s thrown away represents a loss, so minimise wastage by not over-ordering. Insist that all fresh produce is fresh, and keep an eye on best-by dates.

5. Kitchen Staff

Get the chef on your side and work constructively together to optimise your menus and food presentation. Play open cards with your chef regarding restaurant expenses so the chef understands your concerns.

6. Front of House Staff

Take the time to carefully select the right front of house staff, especially managers. They need to be presentable, polite and loyal. All staff that handle money should be vetted for honesty.

7. Customer Service

Welcome your customers and have them seated promptly and with courtesy. Ensure their tables are spotlessly clean and that waitrons are efficient. Always let your clientele know how long their food will take and don’t disappoint. Ensure billing is efficient and accurate.

8. Advertising

Boost your presence by having clear and attractive signage and outside decor. Advertise in the local media and in any promotional material published in your area. Always keep a tight control on advertising expenses.

9. Takeout Menu

Consider offering a takeout menu. If you do, provide a place where clients can wait that does not detract from the ambiance of the main restaurant.

10. Website

Get professional help to set-up a website to publicise your restaurant. List your menu, current specials and prices on the website. You can even allow clients to book their tables and order takeout food. Use a food delivery service to expedite food delivery.

It’s important to remember that serving many customers doesn’t necessarily imply increased profits. It’s also the careful management of your restaurant expenses along with taking positive steps to ensure patrons have a fabulous time eating in your restaurant.

Now it’s your turn. How do you run a profitable restaurant business? Share with us below.

Food cost too high? Find out how we can assist you with your stock control and ensure your profitability with Ideal Stock Control 

Ideal_Stock_Control

Share this post
Share on Pinterest
Previous post 10 Characteristics of Highly Successful Restaurants Next post Advantages of Switching Kitchen Printers to Kitchen Display Systems

Related Articles

7 Tips to Prepare Your Restaurant for the Holiday Season

November 5, 2013Ian

How Pokémon Go Can Attract Customers to Your Restaurant

August 23, 2016Admin_Ideal

Seven (and a half) Things to Watch This Season in Your Restaurant

November 26, 2018Admin_Ideal

Archives

Categories

The Blogroll:

  • 21 Things Your Customers Wish You Knew About Them
  • Season’s Greetings from Ideal Software
  • Seven (and a half) Things to Watch This Season in Your Restaurant
  • There Is No Secret Sauce
  • The Pros and Cons of Home Delivery for Restaurants
  • Is Disruption About To Reshape the Restaurant Industry?
  • Customer Loyalty Programs: How to Attract and Retain Customers
  • The Great Restaurant Challenge
  • 5 Benefits of a Restaurant Kitchen Display System
  • Complaint Management 101
  • But What If I Train Them and They Leave?
  • To Respond Or Not To Respond: How to Approach Negative Reviews on Social Media
  • How to Run a Successful Restaurant in 2018
  • How to Make the Most of the Holiday Season
  • Advantages of Linking Your POS to a Loyalty Program
  • How Restaurants Can Navigate the Social Media Mine Field
  • The Effects of Minimum Wages in the Foodservice Industry
  • How to Tackle Employee Theft with Daily Inventory Control
  • 10 Most Effective Mother’s Day Marketing Tactics for Your Restaurant
  • 5 POS Implementation Tips to Get Staff Excited About Your New System
  • 9 Restaurant Marketing Ideas for Valentine’s Day
  • Top 5 Functions Restaurants Want From Point of Sale Solutions
  • Season’s Greetings from Ideal Software 2016
  • Buy Your Way to a Profitable Restaurant – The Importance of Correct Purchasing
  • 5 Advantages of Online Food Ordering for Restaurants
  • How Pokémon Go Can Attract Customers to Your Restaurant
  • Top 10 Tips to Avoid Food Waste in Your Restaurant
  • Advantages of Switching Kitchen Printers to Kitchen Display Systems
  • Top 10 Tips to Increase Restaurant Profits
  • 5 Mother’s Day Marketing Tips for Attracting Customers
  • 10 Characteristics of Highly Successful Restaurants
  • Top 10 Food Safety Tips For Your Restaurant
  • Food and Beverage Trends for 2016
  • Season’s Greetings from Ideal Software 2015
  • 10 Tips to Prepare Your Restaurant For the Holiday Season
  • Preparing for the Sale of Your Restaurant (And How to Evaluate its Worth)
  • Why You Need A POS System To Help Manage Restaurant Costs
  • 10 Ways to Reduce Theft in Your Restaurant
  • How to Handle Guest Complaints in Your Restaurant
  • How Portion Control Affects your Restaurant Food Cost
  • 8 Simple Marketing Tips to Maximise Turnover on Father’s Day
  • 10 Ways to Improve your Restaurant Food Cost
  • Pros & Cons of a Restaurant Going Tipless
  • Foodservice Trends in 2015
  • Happy Holidays from Ideal Software!
  • Home
  • IdealPOS
  • IdealStock
  • Clients
  • About
  • Contact
  • Our Blog