Is your Restaurant Leaving Money On The Table?
Restaurant Margins are tight, we all know that. Rising food cost, minimum wage increases, and competitive pressures make a day to day impact. It’s a tough business, every penny counts, but are you getting every penny your restaurant is earning?
I’m sure your distributor is passing along all of the allowances that they get from manufacturers but did you know
that other monies are out there? Rebates, special deals and other trade funds are available from manufacturers that you may not know about. These are the dollars that you earned and deserve.
In the healthcare industry, GPO’s have done a great job in securing additional trade funds for either bulk purchasing or special buys. This practice has been in the foodservice industry for many years, but has been available primarily to the chain accounts. This has been in putting the independents at a competitive disadvantage when it comes to managing food cost. Now there is starting to be relief for independents as well. Yes, you can start to earn additional funds from the manufacturers who have programs available through participating GPO’s.
What kind of money are we talking about? For a restaurant doing around $1 million per year, there is an average opportunity to earn an additional $5,000 dollars in savings through rebates or special buys. This amount depends on the brands you purchase and the quantities you buy. You can either look at this as direct savings to the bottom line or as a way to offset cost in other areas of your business. At Core Restaurant Marketing, we look at a creative way to give you a complete marketing program and purchasing program that in many ways can offset a substantial part of your marketing cost. Our CORE Managed Solutions Program utilizes our direct relationship with a Foodservice GPO to put all of the pieces of the puzzle together to generate revenue and drive sales volume.
If you would like to learn more about our Core Managed Solutions program, feel free to contact us directly at 888-890-9492 x 101 or email us at firstname.lastname@example.org.