Cost Control

Share on Facebook0Tweet about this on TwitterShare on LinkedIn0Pin on Pinterest0Email this to someone
  • How staff training and technology can help you better manage the cost of labour

    June 23, 2017
    By John Clausen In the service industry, people seem to have the greatest impact on costs and on revenue — costs such as the efficient use of resources and providing high-quality service at a reasonable price; and revenue generated by repeatable business and positive customer referrals. Technology, meanwhile, can also be used to enhance the customer experience ...
    Read more about this post
  • Tips for ordering inventory like a pro

    March 29, 2017
    By Doug Radkey Having the correct front-of-house (FOH) and back-of-house (BOH) systems in place will equally position you and your team to ‘order like a pro.’ First and foremost however, you need to understand and realize that the necessary return on both your food and beverage investment is partially a question of your trainable cost control ...
    Read more about this post
  • Financing technology upgrades for your foodservice business

    March 1, 2017
    By John Clausen In order to stay ahead of your competitors and continuously improve, you need to examine all aspects of your business, from staffing to menu pricing to the technology used in your business to enhance decision making, service and customer satisfaction. Unfortunately, technology can be expensive. For a foodservice business, the upfront cost can be ...
    Read more about this post
  • Employee turnover: Not necessarily a bad thing

    December 19, 2016
    By David Hopkins One of our first clients at The Fifteen Group originally contacted us as they were having challenges with making strong profits on strong sales. As we quickly discovered, this was in large part because of difficulty in controlling labour costs. It wasn’t because they weren’t good at managing labour efficiency; it was because ...
    Read more about this post
  • Canadian restaurant accounting standards

    October 17, 2016
    By Douglas P. Fisher, BAS, MSc, FCMC, FCSI In 1993, the Canadian Restaurant Accounting Standards in order to assist independent, small, mid-size and large restaurant chains to use a nationally recognized standard of accounts. These standards were updated in November 2009 with the release of Canadian Restaurant Accounting, Second Edition. The Canadian Institute of Chartered Accountants ...
    Read more about this post
  • Is your restaurant making at least 15 per cent profit?

    September 1, 2016
    By David Hopkins When I named our company The Fifteen Group in 2001, it was because we believed that any decent restaurant should make at least 15 per cent profit on sales (or potentially more, under the right circumstances). We still stand by that viewpoint today, however if I were naming the company now, it might ...
    Read more about this post
  • Use value-added eggs to save time and money

    June 29, 2016
    By T.R. James Eggs. The world’s most perfect food? Nutritionally, they could be. They’re rich in nutrients like protein and calcium. Plus, they’re virtually indispensable. Can you imagine a world without bacon and eggs?  Pasta? Cake? Didn’t think so. Yes, eggs are amazing but… shell eggs break. Shell eggs have a short shelf life. Shell eggs aren’t ...
    Read more about this post
  • How to address the changing face of foodservice in Canada

    June 14, 2016
    By Geoff Wilson While I was in high school, my father, a high school principal, asked me: “What do you want to study in university?” I responded, “Chemistry or hospitality.” His quick, sage reply was, “Study hospitality. People will always have to eat.” He was right. Canada’s foodservice industry continues to grow, but like many industries, it ...
    Read more about this post
  • What to do when your food costs are rising

    June 6, 2016
    By Hugh Johnston With food inflation at a troubling 3.9 per cent year-over-year in the third quarter of 2015, operators have more reason than ever to be concerned about rising food costs. Leading the way were beef (up 12 per cent), fresh vegetables (up 11.5 per cent) and pasta (up 10.5 per cent). If you make ...
    Read more about this post
  • Preventive maintenance for heating and cooling equipment

    May 19, 2016
    By David Turk In the restaurant and foodservice industry, the easiest and least expensive option in the short term often ends up being inconvenient and more costly in the long run. Whether it’s the headaches associated with unreliable equipment in the kitchen, a disappointing dish made with sub-standard ingredients or a bad customer experience because of ...
    Read more about this post
  • Five ways to maintain low food costs

    May 3, 2016
    By Jordan Knox Restaurateurs may have started seeing a trend of food costs rising and profit margins shrinking, which puts an increased focus on managing the controllable costs as much as possible. Many costs associated with owning a business are fixed: rent, utilities and to some extent, staffing. The one intangible that can make or break a ...
    Read more about this post
  • Tips for choosing and maintaining dishwashing equipment

    April 19, 2016
    By Sean Moon Dishwashing equipment, the true workhorse of any restaurant kitchen, can also be an unsung hero for foodservice operators in terms of cost-savings and energy efficiency. While the basic functions and purpose of dish and warewashing equipment have remained fairly constant over the years, manufacturers are adding new, money-saving features every year. Canadian Restaurant & ...
    Read more about this post
  • Increasing the profitability of draught beer

    April 11, 2016
    By Roger Mittag For as long as I can remember, beer has been ‘just’ beer. It has been refreshingly easy to drink and for the longest time, most beers tasted the same. The harsh reality is that most draught beer purveyors simply didn’t give it a second thought. Sure, we all need draught beer but it’s ...
    Read more about this post
  • Twenty simple solutions to build your restaurant’s bottom line in the New Year

    March 31, 2016
    By Neil Lester After the crazy pace of December with holiday parties and seasonal celebrations, the short days and long nights of January and February can be downright depressing! How you manage your cash and protect your P&L over the next few months can have a significant impact on whether or not you continue to build ...
    Read more about this post
  • Five ideas to curb financing woes

    March 31, 2016
    The recession changed things dramatically for most small businesses, and the restaurant industry was no exception. It has created a different landscape for business owners in terms of credit options and overall profitability. But our industry is nothing if not resilient; many restaurateurs have sprung back from the challenges of the financial crisis, finding new ...
    Read more about this post