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Specials vs. Features and other ways to make Money

Specials vs. Features and other ways to make Money

FromRestaurant Marketing School


Specials vs. Features and other ways to make Money

FromRestaurant Marketing School

ratings:
Length:
11 minutes
Released:
Sep 13, 2021
Format:
Podcast episode

Description

The restaurant business is a simple business where you make money selling food and drink.  However, this process of making money can be done randomly or can be done strategically.
Category Menu Questionnaire - Start with sections of your menu and answer the questions.  This will give you a great way to assess where your current menu is and what you need to do to improve and make more money.  Questions by menu category
Weekly Specials vs. Weekend features - Specials are typically designed to drive traffic while Features should make MORE money.  Knowing your average GP per plate in category will allow you to design items that will always be higher profit moving your bottom-line numbers UP!
Options on Weekly Specials (Not everyone wants the special)
Wing night example – See attached
-  Offering boneless wings
-  Offering naked tenders (sinless)
-  Offering breaded shrimp
-  Offering Deep fried Pierogis in Wing sauces
Working with the attached worksheet will allow you to look at other offerings on your specials to drive profits.
Couple other Money-Making Pro Tips
95 v. 99 on menu:
Moving your menu prices away from .95 cents doesn’t seem like a big deal, but if you take a week worth of sales by item and multiple it by .04 and then by 52 weeks, you will see this small move could make BIG Money.
Drinks – Don’t list soft drink prices on your menu:
- Anthony has two great real-life examples in the episode about how he created BIG TIME increases to operators’ menus by changing coffee prices and the Soft Drink pricing.
- Benchmark your current pricing versus your competition.  You may be surprised how behind you are in this pricing. Offering unique beverage offerings that your customer can not find elsewhere can also be a great way to gain profits.
- It is also recommended to spot check how many tickets don’t have beverages ran in.  This could be common with your wait staff as they may not be ringing in all beverages because they are either lazy or are trying to “Help” the customer in order to gain larger tips.
To learn more about Restauranttopia, check out the show notes at https://restauranttopia.com/category/podcast-episodes/
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Released:
Sep 13, 2021
Format:
Podcast episode

Titles in the series (100)

Created in partnership with Yelp for Restaurants, Restaurant Marketing School provides daily marketing tips, tricks and tools, giving restaurateurs the tools they need to communicate with their existing customers and reach an entirely new customer base. Hosted by Michelin-rated restaurateur Josh Kopel, RMS brings a fresh perspective to traditional marketing in the hospitality space. Each episode is only 4-7 minutes, providing bite sized, actionable information that listeners can implement in their restaurants that day.