Smart ways to improve your restaurant efficiency
In this article we’ll cover:
In this post, we at Yetipay will share with you our top recommendation for improving your restaurant performance. With these smart ways to improve your restaurant efficiency, you will be able to notice significant results almost in an instant.
The restaurant industry is very competitive. According to CNN, almost 60% of new restaurants close within one year of opening. Of course, it depends on the city – in less competitive markets, this number can be much lower, close to 20%, while in very competitive markets like London, New York, Paris, this number could be even higher. Even large and famous restaurant chains sometimes go bankrupt (like Jamie Oliver’s empire, for example). According to a survey from PWC, in 1989, the majority of people (over 55%) only went out for a meal less than once a month. Already in 2015, this number dropped to 26%, and over 15% of people say that they go to a restaurant once a week. In 2020, we can expect people to eat out even more often.
So what is restaurant efficiency and how to make your Restaurant more efficient than it is now?