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5 Restaurant Expenses You’re Paying Too Much For
Manage episode 490346526 series 3645206
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Most restaurant owners are unknowingly overpaying for five expense categories that can drain thousands from their bottom line each month.
From hidden distributor markup schemes to the productivity-killing effects of overstaffing, these profit leaks are quietly sabotaging your financial success.
The good news is, each one can be plugged quickly with the right knowledge and systems - especially when you know how to lower restaurant expenses without affecting quality.
In this episode, Nathan Voulgaris shares battle-tested restaurant cost-cutting strategies from managing 700+ employees across seven locations, generating $90 million annually.
You'll discover:
✅How to reduce food cost in your restaurant by 20-40% by switching to branded equivalents and negotiating better prime vendor agreements
✅The cash flow killer hiding in your restaurant inventory… and how to fix it with smarter restaurant inventory management
✅Why adding extra staff can reduce total productivity and increase labor costs far beyond what most operators realize
✅The TRUE cost of employee turnover, and how better onboarding and training can save you thousands
✅A simple restaurant expense audit strategy using just your bank statement that can immediately free up hundreds each month
✅Plus, we reveal the sales per labor hour benchmark you should be hitting - and how to schedule your team for both efficiency and performance.
Ready to finally take control of your restaurant profitability and stop bleeding money from the inside out?
Listen now to uncover the five expense categories secretly draining your margins - and the exact systems to fix them fast.
Key Points
00:00:50 Food purchasing secrets
00:04:00 Rebate programs explained
00:05:50 Inventory management strategies
00:08:40 Labor productivity principles
00:11:00 Daily labor tracking
00:15:50 Employee turnover costs
00:19:30 Exit interview importance
00:21:10 Controllable expense audit
00:24:00 Two-question expense test
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✅Tools For Restaurant Owners✅
Claim your FREE Restaurant Weekly Financial Tracker to uncover thousands in hidden profits and optimize your costs (in less time than it takes to finish your morning coffee): https://ghl.ownershifttraining.com/weekly-tracker-lp
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✅About Us✅
The Restaurant Growth Accelerator Podcast is hosted by Andrew Scott - founder of OwnerShift Training.
Andrew Scott successfully scaled his restaurant business to 4 locations while working a handful of hours each week. He’s since helped over 1,000 restaurant owners increase their sales, profits, and free time - and he’d love to help you too.
✅For Restaurant Owners✅
Interested in growing your restaurant business while working less? Book your free assessment call:
👉 Restaurant Assessment Call
✅Connect With Us✅
https://www.facebook.com/groups/multiunitempirebuilders/
https://www.instagram.com/andrewrichardscott
https://ownershifttraining.com/
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