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Sustainability in the food and restaurant industry requires a strategic approach. Your sales won’t magically grow, you must be the driving force behind them. As a restaurant owner or operator, you must identify what’s working and build on it. You must also identify innovative new ways to grow your business.
Below are actionable and easy-to-implement revenue generation tactics for cafés, juice bars, and supermarkets.
Everyone must eat, which makes the food industry a multi-trillion-dollar global industry! Let’s explore a few different metrics that relate to your fast-casual food business.
Your revenue refers to how much you sell. It’s not a calculation of your profit margins or your net or gross profits.
This includes sales generated from:
When monitoring your sales growth, break things down by the metrics below. Analyzing these metrics will help you build your revenue growth management (RGM) action plan.
*calculate both your average daily sales and day-of-the-week sales.
Your menu items must always be priced for profitability. That said, there are some pricing strategies that can boost your revenue.
As a juice bar or fast-casual food service business, it’s important to have a core menu your regulars can rely on. However, it’s also important to introduce a steady stream or alternating stream of menu offerings.
Getting new customers through the door and returning customers through the door more often is always a priority. However, you must not lose sight of the opportunity to increase your ticket average. Explore ways of generating more sales to who is already walking through the door.
Offering convenience doubles as a method of generating revenue! Consumers are increasingly on the go. They don’t have the time to wait in long lines and prefer a range of on-demand delivery options. So, provide at least one option that makes it faster and easier to order from you.
Sampling’s not dead! Juice is extremely easy and cost-effective to sample. Simply order 2-ounce cups to pour and share. Sample everything from your best-sellers to new menu items and everything in between. Think beyond today, as sampling is an excellent way to introduce new juices, snacks, and food items to your customers.
Gift cards are a fast and easy method of generating revenue. They’re the ideal gift for health-conscious friends, family, and colleagues. So, if you aren’t yet, begin selling gift cards. This includes physical cards, QR codes, and other electronic remittance options.
Regulars like to feel special, so reward them with a loyalty program. Maybe after the 10th juice the 11th juice is free. Or every time they load their app or gift card with $25, they get a free juice or snack.
The strategies outlined above promote sustainable growth and prosperity. For new cafés, juice bars, and supermarkets, these methods help you establish and differentiate your business. Continuously analyze what works and build upon it. Adjust or pivot as needed.
To elevate your business success even further, discover how Zumex can enhance your operations with our ROI calculator. Experience firsthand the profit boost a juicer can bring to your annual revenue.