Know What to Charge in Your Restaurant
By David Scott Peters
Restaurant Tip of the Week
Maximize your profit potential
Pricing is a critical decision for any operator. So how do you figure out what to charge? It’s up to you to decide the best way for your restaurant because when it comes to pricing, you have three choices.
- You can undercut everyone and hope to make it on volume
- You can charge the same as everyone else (often the safest route)
- You can charge more than everyone else because your place is better than anywhere else
Decide which option fits you best, and you’ve got your answer.
David Scott Peters is a restaurant expert, coach, trainer and speaker, specializing in systems for independent restaurant owners. He is the nationally acclaimed restaurant coach whose unique “SMART Systems” approach to boosting profits has earned him the title of, “The man who can walk into any restaurant in America and find $10,000 in undiscovered cash before he hits the back door – Guaranteed!” Visit www.TheRestaurantExpert.com for more. Learn more tips, tricks and secrets in David’s free five-part e-course, “How to Explode Your Restaurant Profits NOW!” Simply sign up to receive the e-course at TheRestaurantExpert.com.