4 tips to help your restaurant be more profitable

Maximise your restaurant's profitability with these 4 expert tips.

Utilise a digital ordering solution for efficient order management

In today's fast-paced world, it is crucial for restaurants to streamline their order management process. By utilising a digital ordering solution like Orders Made Simple (https://ordersmadesimple.com/), you can take control of your orders and ensure efficient operations. With this platform, you can easily manage your orders, track prices, and even keep track of who places the orders. The centralised communication feature allows you to stay connected with all of your suppliers, making the entire process more convenient and seamless.

By implementing a digital ordering solution, you can eliminate the risk of miscommunication and errors that often occur with traditional order-taking methods. This not only saves time but also improves customer satisfaction by ensuring accurate and timely order fulfilment. Furthermore, with Orders Made Simple, you can access valuable insights and analytics that can help you make data-driven decisions to optimise your restaurant's performance.

Build a customer CRM using free customer wifi

Building a customer relationship management (CRM) system is essential for restaurants to create personalised experiences and foster customer loyalty. One effective way to build your CRM is by leveraging your free customer wifi. By using a tool like Stampede (https://stampede.ai/), you can collect valuable customer data whenever they connect to your wifi network.

With this data, you can gain insights into your customers' preferences, demographics, and visit patterns. This information allows you to segment your customer base and tailor special offers or promotions to specific groups. For example, during quiet times, you can send targeted offers to customers who have shown a preference for certain dishes or have visited your restaurant frequently. This not only helps you fill your restaurant during slower periods but also strengthens the bond between your brand and your customers.

Implement a food waste reduction strategy

Food waste can significantly impact your restaurant's profitability. To combat this issue, it is crucial to implement a food waste reduction strategy. One effective solution is to join platforms like Too Good To Go (https://www.toogoodtogo.com/), which allow you to sell your leftover meals at the end of the night.

By offering these meals at a discounted price, you can minimise wastage and recoup some of the cost of the food. This not only helps you reduce your overall expenses but also contributes to a more sustainable and environmentally-friendly approach. Additionally, participating in such platforms can attract new customers who are conscious of reducing food waste and are looking for affordable dining options.

Optimise inventory and wastage reports

Proper inventory management is crucial for any restaurant aiming to maximise profitability. Even small restaurants can lose thousands of dollars each year due to lost stock or wasted ingredients. By utilising a tool like Orders Made Simple (https://ordersmadesimple.com/), you can effectively manage your inventory and wastage reports.

This platform allows you to track your inventory levels, set automatic reorder points, and receive alerts when certain items are running low. By having a clear understanding of your stock levels, you can avoid overstocking or under-stocking, which can lead to financial losses. Additionally, by analysing your wastage reports, you can identify areas for improvement and implement strategies to minimise waste, further increasing your restaurant's profitability.