Five Profit-Impacting Trends Shaping the Restaurant Industry in 2023
đ Unlock the secrets to restaurant success with actionable strategies for optimizing operations, maximizing profits, and building a loyal customer base.
Download ResourceThe countdown to your restaurantâs grand opening has begun. You found the perfect property in your ideal location and it was reasonably priced. Or perhaps youâre reopening and youâve decided to retool your existing operation to follow current marketing, employment, and equipment trends. Whether itâs going to be a sit-down restaurant, takeout, or a ghost kitchen, youâre going to need the right equipment to help you.Getting a restaurant off the ground takes money. A lot of money. According to Total Food Service, new restaurants spend an average of $115,655 on kitchen and bar equipment alone. The global commercial cooking equipment market size was valued at $10.7 billion in 2019, and is projected to reach $12.9 billion by 2027, according to Allied Market Research.
đ Unlock the secrets to restaurant success with actionable strategies for optimizing operations, maximizing profits, and building a loyal customer base.
Download ResourceRemember, while you may be eager to make a splash with your front-of-house dĂ©cor and your signature dishes in your carefully crafted menu, itâs the BOH equipment that will make or break your business. What are the factors to consider before purchasing restaurant kitchen equipment?
Thereâs a laundry list of items youâll need for efficient BOH operations. Letâs start with some basics.
First off, youâll need a walk-in cooler as well as a freezer. Whether you purchase new or used, be sure they are equipped with automatic door closures. Use LED bulbs for lower electricity usage, as well. Because restaurants use three to five times more energy than any other commercial entity, youâll want to conserve electricity everywhere you can.
Next on the list is an ice machine. Older ice makers are not only energy-inefficient, but water hogs. When shopping for an ice maker, be sure that it is ENERGY STAR compliant. If possible, purchase one that is air-cooled, as opposed to water-cooled. This simple measure will save you tens of thousands of gallons of water every year.
Depending on the type of food youâre going to serve, you may need one or more of the following:
This is another area where you can boost your profitability by cutting costs. Ovens and broilers consume the most energy, and you know what that means: higher electric bills. Convection ovens use less energy. If you require broilers, cut energy costs even further by putting processes in place to reduce idle time, and turning broilers off when not in use.
The meal is done and dirty dishes have returned to the kitchen. High-efficiency dishwashers will do the trick. Again, you need to conserve where you can. And with dishwashers, itâs not only electricity but water consumption.
Before you start buying appliances, make sure you know how much space you have and where theyâre going to go, advises Total Food Service. âAlthough the big refrigeration unit youâre considering is a great choice and may even be within your budget, will it fit in your restaurantâs kitchen?â
And should you buy new or used appliances? Thereâs advantages and disadvantages to each, according to Total Food Service. âYou may save money by buying second hand appliances, but they may not come with a guarantee.â New equipment is also more likely to come with up-to-date features such as wireless control, automated monitoring, and improved sustainability.
While youâre at it, be sure to set up a regular maintenance schedule to keep your new-to-you equipment running smoothly, promoting food safety, and lasting for years to come. Read the manuals and follow their guidelines for cleaning, sanitizing, and regular checkups.
Now that youâve ticked off the larger purchases from your list, letâs take a look at the fourth category: food preparation and cooking equipment. While these may not be as expensive as the big-ticket appliances, theyâre just as important. They include
A smart move is to figure out how many cooking stations youâll have and what duties will be performed at each one, and then decide from there what equipment youâll need, according to Total Food Service. âOn the prep station, how many cutting boards will you require? On the hotline, how many sautĂ© pans will be required? To minimize confusion or shortage in the kitchen during service hours, count the number of knives needed, kitchen towels, mixing bowls, deep frying equipment, and other similar gadgets that are used regularly before purchasing.â
And while there are advantages and disadvantages to buying used cooking appliances, one way to save money on equipping your restaurant kitchen is to buy used prep and cooking equipment, according to The Balance Small Business. âRestaurant auctions are a great place to find commercial kitchen equipment for pennies on the dollar,â it notes. âThey can be especially helpful for picking up small items like dishware, flatware, bread baskets, condiment containers, and serving utensils.â Other sources for used equipment include directly from restaurant owners going out of business, nonprofit resale stores such as Goodwill, and even sites like Craigslist, according to Camino Financial.
No restaurant is complete without technology. Key to your front of house operations will be a POS system.
Donât stop there. The right restaurant management software software will not only improve efficiency but help fast-track your long-term profitability.
Now that youâre armed with a well-thought-out shopping list, you can plan opening day with ease, confidence, and a profitable head start.
MarketMan's restaurant management software gives you the power to automate inventory tasks, control food costs, and optimize back-of-house operations. It eliminates manual work and offers restaurateurs advanced insights for strategic decision-making. Boost your efficiency, reduce waste, and take the stress out of restaurant inventory management. Book a demo today to discover how MarketMan can transform your restaurant!
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If you have any questions or need help, feel free to reach out
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Calculate ROIThe countdown to your restaurantâs grand opening has begun. You found the perfect property in your ideal location and it was reasonably priced. Or perhaps youâre reopening and youâve decided to retool your existing operation to follow current marketing, employment, and equipment trends. Whether itâs going to be a sit-down restaurant, takeout, or a ghost kitchen, youâre going to need the right equipment to help you.Getting a restaurant off the ground takes money. A lot of money. According to Total Food Service, new restaurants spend an average of $115,655 on kitchen and bar equipment alone. The global commercial cooking equipment market size was valued at $10.7 billion in 2019, and is projected to reach $12.9 billion by 2027, according to Allied Market Research.
đ Unlock the secrets to restaurant success with actionable strategies for optimizing operations, maximizing profits, and building a loyal customer base.
Download ResourceRemember, while you may be eager to make a splash with your front-of-house dĂ©cor and your signature dishes in your carefully crafted menu, itâs the BOH equipment that will make or break your business. What are the factors to consider before purchasing restaurant kitchen equipment?
Thereâs a laundry list of items youâll need for efficient BOH operations. Letâs start with some basics.
First off, youâll need a walk-in cooler as well as a freezer. Whether you purchase new or used, be sure they are equipped with automatic door closures. Use LED bulbs for lower electricity usage, as well. Because restaurants use three to five times more energy than any other commercial entity, youâll want to conserve electricity everywhere you can.
Next on the list is an ice machine. Older ice makers are not only energy-inefficient, but water hogs. When shopping for an ice maker, be sure that it is ENERGY STAR compliant. If possible, purchase one that is air-cooled, as opposed to water-cooled. This simple measure will save you tens of thousands of gallons of water every year.
Depending on the type of food youâre going to serve, you may need one or more of the following:
This is another area where you can boost your profitability by cutting costs. Ovens and broilers consume the most energy, and you know what that means: higher electric bills. Convection ovens use less energy. If you require broilers, cut energy costs even further by putting processes in place to reduce idle time, and turning broilers off when not in use.
The meal is done and dirty dishes have returned to the kitchen. High-efficiency dishwashers will do the trick. Again, you need to conserve where you can. And with dishwashers, itâs not only electricity but water consumption.
Before you start buying appliances, make sure you know how much space you have and where theyâre going to go, advises Total Food Service. âAlthough the big refrigeration unit youâre considering is a great choice and may even be within your budget, will it fit in your restaurantâs kitchen?â
And should you buy new or used appliances? Thereâs advantages and disadvantages to each, according to Total Food Service. âYou may save money by buying second hand appliances, but they may not come with a guarantee.â New equipment is also more likely to come with up-to-date features such as wireless control, automated monitoring, and improved sustainability.
While youâre at it, be sure to set up a regular maintenance schedule to keep your new-to-you equipment running smoothly, promoting food safety, and lasting for years to come. Read the manuals and follow their guidelines for cleaning, sanitizing, and regular checkups.
Now that youâve ticked off the larger purchases from your list, letâs take a look at the fourth category: food preparation and cooking equipment. While these may not be as expensive as the big-ticket appliances, theyâre just as important. They include
A smart move is to figure out how many cooking stations youâll have and what duties will be performed at each one, and then decide from there what equipment youâll need, according to Total Food Service. âOn the prep station, how many cutting boards will you require? On the hotline, how many sautĂ© pans will be required? To minimize confusion or shortage in the kitchen during service hours, count the number of knives needed, kitchen towels, mixing bowls, deep frying equipment, and other similar gadgets that are used regularly before purchasing.â
And while there are advantages and disadvantages to buying used cooking appliances, one way to save money on equipping your restaurant kitchen is to buy used prep and cooking equipment, according to The Balance Small Business. âRestaurant auctions are a great place to find commercial kitchen equipment for pennies on the dollar,â it notes. âThey can be especially helpful for picking up small items like dishware, flatware, bread baskets, condiment containers, and serving utensils.â Other sources for used equipment include directly from restaurant owners going out of business, nonprofit resale stores such as Goodwill, and even sites like Craigslist, according to Camino Financial.
No restaurant is complete without technology. Key to your front of house operations will be a POS system.
Donât stop there. The right restaurant management software software will not only improve efficiency but help fast-track your long-term profitability.
Now that youâre armed with a well-thought-out shopping list, you can plan opening day with ease, confidence, and a profitable head start.
MarketMan's restaurant management software gives you the power to automate inventory tasks, control food costs, and optimize back-of-house operations. It eliminates manual work and offers restaurateurs advanced insights for strategic decision-making. Boost your efficiency, reduce waste, and take the stress out of restaurant inventory management. Book a demo today to discover how MarketMan can transform your restaurant!
â
Talk to a restaurant expert today and learn how MarketMan can help your business