The restaurant industry is huge! There are over 925,000 restaurants in the United States, employing over 13 million people!1 There is very little room for error in this business. If you don’t get it right the first time, you may not be able to get back on top. There is a reason that there are some restaurants that make it, and some that crash and burn.
The competition is very fierce. In fact, 61% of all restaurants fail in the first 3 years of operation!
The issue is that there are so many restaurants out in the world today that are serving the same types of food. Not to mention chain restaurants! Competition is rough!
With penny pinching profit margins and breathtaking budges, this really is a tough business.
Things like increasing food costs, labor costs, energy and utility costs are making things very tough for restaurant owners in today restaurant industry.
For example, did you know that since 2009, food costs have gone up 30%? Food cost is typically 28-35% of restaurants sales.
Usually it is the largest expense and the first thing looked at in troubled restaurants
Labor cost in restaurants is typically 22-35% of sales. Everyday these people are costing you money because of these things: Waste, Damage, Theft, Cleanliness, and Injury!
You have a lot of expenses being in this industry. Make sure you have selected partners that are going to help you solve some of these issues and ensure that you are getting everything you need in the best way possible!
Standard Restaurant Supply is that partner! They are happy to be a part of your team to help take some of the weight off of your shoulders. Your success is their success.
They are serving the finest people in the world… Their customers.