As the cost of living continues to rise, businesses up and down the country are assessing how they can keep a firm grip on their finances. This is particularly the case with catering businesses, who face a colossal rise in energy bills.
Thankfully, the good news is that your business can navigate these challenges, if you plan effectively. To help, here are some top catering finance tips.
Minimise setup costs
If you’re starting a new catering business in the current economic climate, then you need to minimise your initial outlay. This way, you can keep more cash in reserve that can help you counter any rising costs.
For this reason, you should look at our Total Care option. With Total Care, you’ll receive:
- Market-leading equipment with nothing to pay upfront
- Installation at no extra cost
- One simple monthly payment covering servicing, repairs and call-outs
- Guaranteed engineer response within 8 working hours – or £100 back
- 24/7 support, 365 days a year
- Access to My JLA, with essential documents and support in one place
Not only does Total Care allow you to keep your capital in reserve, but it also means that you won’t need to worry about any maintenance costs or any nasty surprises. It’s catering cost effectiveness at its best.
Going overboard with purchasing leads to waste that can cost you huge sums of money. By purchasing only the exact amount of each ingredient you require, you can save money and boost your eco credentials.
So, be very precise when it comes to portion sizes and covers. Everything that you purchase should be cooked and then used to fill an order. This means no leftover food in the fridge.
To help with this, keep a detailed log in the kitchen and write down any wastage that occurs throughout the day. Then, review this on a weekly/monthly basis and spot patterns. You may discover you’re continually over-buying the same ingredients.
Make basic menu alterations
Making small changes to your menu can make a big difference. Whether you choose to remove unpopular items or switch to a different (or cheaper) cut of meat, there are a number of ways that your business can cut its costs.
On top of this, you should look at ways that you can reduce waste. For example, rather than throwing out stale bread, consider using it to make the perfect breadcrumbs.
Those are just three ways that you can improve your commercial kitchen cost effectiveness. If you’re interested in discovering more about how Total Care or any of our other options can help further boost catering cost effectiveness, speak to our experts today. Whatever you need, we’ll take care of it.