#90: How to Reduce Your Restaurant Food Cost Using Simple Data
January 24, 2024 by David Scott Peters
There’s a little-known and underutilized tool that can reduce a restaurant’s food cost by potentially 3% or more. All that is required is for a restaurant to gather some simple data and take a little action. How would you like to reduce your food cost by simply gathering data?
Does this sound too good to be true? I promise you, it’s not.
In this episode of my podcast, The Restaurant Prosperity Formula, I explain what kind of information you need to gather, where to get the information, what to do with it, and what you can expect when you use it the way I explain.
By the end of this, you will be in a position to take action and put yourself down this path.
Remember, your restaurant’s business is valuable to vendors, and they are often willing to work with you to maintain a good relationship. As you embark on this journey, keep in mind that if you have a prime vendor agreement or work with a group purchasing organization (GPO), you've likely already found significant savings.
Learn the 3 principles the most successful restaurant owners follow and how you can learn to follow them, too: https://dsp.coach/principlesx3
Sponsor – Repeat Returns: http://repeatreturns.com/dsp
This episode is being brought to you by Repeat Returns. If you’re a restaurant owner of a medium to high-volume independent restaurant, multi-unit or franchise operator and you’re looking for a proven and realistic solution to attract, grow, and retain customers... then you really need to visit Repeat Returns. Repeat Returns is a modern marketing platform created by a restaurant owner for restaurant owners... It studies each customer’s habits and patterns, predicts the most profitable outcome for your restaurant every single day, and deploys the marketing to make that happen. You never lift a finger. Click here to see if Repeat Returns is right for you.
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