How to Save Money as a Restaurant Owner
Posted by Shannon Suetos on November 30, 2010 in Business Management [ 2 Comments ]
It’s no secret that when it comes to business, especially the restaurant business, you have to spend money to make money. After all you have to pay your employees, buy your food and ensure that your establishment is not only up to code, but that you have the right decor and space for your particular type of restaurant. But just because you have to spend some money doesn’t mean that you have to break the bank to have the type of restaurant that you want. There are ways that you can save money as a restaurant owner while not compromising your establishment or your menu.
Redecorate on a budget
Every once in a while it may be necessary to spruce up your restaurant a bit. You may want to do a full redecorating but, depending on your budget, this may not be a possibility. But you can change up the look of your place with just a few simple changes and not a lot of money.
- Paint – repainting your dining room can make all the difference. If you are going very low-key with accessories, then choose a bright, vibrant color for your walls. The color itself becomes an accessory and gives the place that extra touch.
- A little goes a long way – If you do decide to change your accessories, keep it simple. An elegant glass candle holder on each table can make a nice statement but not cost you a fortune. Dollar and discount stores carry a wide variety of candle holders.
- Reuse what you have – If your chairs are showing their age, it doesn’t mean that you have to throw them out and buy new ones. You can repaint legs with a metallic spray paint and reupholster the backs and seats.
Simplify your menu
Take a close look at your menu: are all the items on it necessary? By eliminating a few of your less popular selections, you can save yourself a lot of money by not needing to keep the ingredients readily available. You could save even more money by eliminating complete sections if you aren’t selling from them. If you own and run a diner type restaurant, then there may not be a need to include a seafood section on your menu. And if you generally get in clients who order more high end items from your menu, then maybe your burger section is unnecessary. Tweaking your menu can mean extra money in your pocket.
Of course, if you change your menu, then you will definitely need to redo your physical menus. And if you change the color scheme of your restaurant you’ll want to make sure that your menus compliment the change. Getting new menus doesn’t have to cost you a fortune, either. Most companies offer bulk discounts and have different menus available according to what you can afford.
Even if you aren’t planning on making any other changes, updating your restaurant’s menus can give your place a slight face lift. After all, the menu is a key part of your restaurant. While someone may not pay attention to the color on the walls or the décor on the tables, everyone looks at the menu.
Having a top notch restaurant doesn’t always mean that you have to spend a fortune trying to achieve the look and ambiance that you want. If you go about it wisely, you can spend very little money and still have a great restaurant.
About the Author
Vern is a freelance writer and small business owner. He often finds himself writing about small business issues big and small: managing employees down to menu covers.
Image Credit: http://www.flickr.com/photos/leunix/518329490/