As an owner, restaurant suppliers can be the bane of your existence.
But, they’re necessary.
Without them, you’d be making daily runs to the grocery store.
…If you’re currently doing that, please check out your ordering processes ASAP.
As a restaurant owner, you’re constantly placing orders.
Which means you’re always in contact with your restaurant suppliers.
Yet, you still haven’t put any processes in place. You just keep blindly ordering over and over.
When you’re not being thorough with your orders, restaurant suppliers can take advantage. And that can cost you.
Four “words” stand between you and more money in the bank.
They’re words your suppliers don’t want you to know.
They’re words that have to do with food costs and food trends.
Words that can save you money.
Let’s face it, food costs aren’t going down.
According to the National Restaurant Association, they’ve actually shot up 25% over the last 5 years.
Price fluctuations? They’re even more common.
Sometimes, they change as often as every week.
These numbers wouldn’t matter (and we wouldn’t spend time writing about them) if food spend didn’t represent 30% – a full third! – of an average restaurant’s total budget.
They say if you stare at something long enough, eventually it will stare back.
That’s definitely how we feel about the supplier pricing data we’ve been looking at…
Last month we did a deep dive on supplier pricing data.
We analyzed 413,013 supplier purchases across the United States. The pricing data we evaluated came from 4,137 restaurants and 4,207 food distributors.
And as we looked at the data, well… it looked back.
It revealed some hidden truths about supplier pricing. And some of these truths were pretty darn shocking.
Yeah… it’s crazy… but this is exactly what we found.
It’s a shocking statistic…
92% of restaurants overpay their suppliers for items they purchase every week.
And this results in thousands of dollars lost every month… just because they don’t know they’re overpaying.
What’s even worse than overpaying is the lost profit.
So… what are you overpaying for?
Restaurant Suppliers.
You work with them on a daily basis. In fact, you might spend more time on the phone with them than anyone else.
They’re your one, all-important way to make sure your restaurant is properly stocked. Without them and the products they provide, you’d be out of business.