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Restaurant sector challenges of negative same store sales comparables, consumer unease, rising food commodity costs and some magnitude of increased heath care costs emanating from Obama Care appeared in 2012. The same issues will be present in 2013.
But all is not lost. There are initiatives that can offset the negatives. Here are thoughts of what restaurants, both chain operators and independents, of all stripes, simply have to fix in 2013 operationally to meet these challenges. None of these opportunities are new news.
Restaurants have been working on reducing food and labor costs since the 1970s. It’s time now to look at other areas of the P&L as well as revenue maximization beyond price increases.
Revenue enhancement related:
Cost Containment related: