5 Ways to Slash Food Costs In Your Restaurant (Without Sacrificing Quality)

From managing eight restaurants and $60M in annual revenue, former regional manager Nathan Voulgaris brings practical insights on food cost management. Join your host, Andrew Scott, as he speaks with Nathan about five proven strategies to slash your food costs without sacrificing quality. These battle-tested methods have helped restaurants boost their profit margins to 15-20%.You'll discover how to:Implement proper recipe costing systemsNegotiate better vendor agreements (one client saved $6,000 with just one meeting)Create practical portion control methods your staff can consistently followAnd moreNathan and Andrew also share other useful strategies and bust common myths about pricing.And if you’re competing on price, you’ll see why this could actually be hurting your business.Key moments:00:02:10 Profit margins in restaurants00:21:05 Recipe costings00:23:15 Prime vendor agreements 00:27:35 Market analysis00:31:15 How to prevent overordering and reduce waste00:34:35 Small percentage changes for big savings00:39:25 Daily portion control practicesThese proven strategies could transform your restaurant's bottom line.-Thinking of opening another restaurant? Avoid costly mistakes with my free guide: 👉 https://hs.ownershifttraining.com/optin-mupb?el=podcast-✅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/andrewrichardscotthttps://ownershifttraining.com/?el=podcast