Revenue:
Improving Revenue and Reducing Costs :
Revenue Enhancement
Strategy
Introduce loyalty programs, optimise menu pricing, and explore new revenue streams like catering.
Data
A restaurant increased sales by
15 %
after launching a customer loyalty program.
Source: data.trezy.io
Cost Reduction
Strategy
Optimise supply chain management, reduce waste, and invest in energy-efficient appliances.
Data
A bistro reduced waste costs by
20 %
through better inventory management.
Source: data.trezy.io
Revenue:
Better Cash Flow Management :
Regular Financial Reviews
Strategy
Conduct monthly financial reviews to stay on top of cash flow.
Data
Restaurants with regular reviews have
25 %
better cash flow management.
Source: data.trezy.io
Maintaining a Cash Reserve
Strategy
Keep a reserve to handle unexpected expenses.
Data
40 %
of restaurants with cash reserves avoid financial crises.
Source: data.trezy.io
Efficient Management
Strategy
Use software tools to manage receivables and payables efficiently.
Data
35 %
improvement in cash flow stability through software adoption.
Source: data.trezy.io
Revenue:
Recommended Practices :
Customer Engagement
Practice
Regularly update menu items based on customer feedback.
Data
A café saw a
10 %
increase in repeat customers after revamping their menu quarterly.
Source: data.trezy.io
Operational Excellence
Practice
Invest in staff training and development.
Data
A restaurant improved service quality and customer satisfaction by implementing regular training sessions.
Source: data.trezy.io