RESTAURANT STRATEGY

Restaurant Profitability - The Five Killers and How to Beat Them


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#471 - Restaurant Profitability - The Five Killers and How to Beat Them

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This week's episode is brought to you by: KICKFIN

Thousands of restaurants across the country use Kickfin to send instant, cashless tip payouts, directly to their employees’ bank accounts, the second their shift ends. Get in touch today for a personalized demo and see how restaurants and bars across the country are tipping out with Kickfin. 

VISIT: https://kickfin.com/demo/


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PROFIT KILLER #1: RAZOR-THIN MARGINS

PROFIT KILLER #2: HIGH LABOR COSTS AND TURNOVER

PROFIT KILLER #3: FOOD COST VOLATILITY AND WASTE

PROFIT KILLER #4: FIXED OVERHEAD EXPENSES

PROFIT KILLER #5: INTENSE COMPETITION AND PRICING PRESSURE

 

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Are you struggling to generate consistent, predicatble 20% profit in your restaurant? 

Let's talk about the power of the P3 Mastermind: 

https://www.restaurantstrategypodcast.com/schedule

 

 

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RESTAURANT STRATEGYBy Chip Klose

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