Owning a restaurant comes with plenty of responsibilities on a daily basis. From managing food costs to upgrading equipment, there seems to be a never-ending list of things to manage for restaurant owners. It’s safe to assume that almost every business owner wants to find a way to reduce their monthly or even annual expenses, but who has the time to sit down and audit every bill? At P3 Cost Analysts, we have ideas on ways a restaurant can reduce costs through waste control, and here’s how:
Consistency Is Key with Waste Control
We have plenty of multi-location clients who come to us with different monthly costs in their waste management bills for each location. Signing contracts with vendors and understanding their billing can be tricky if you don’t know exactly what you should be paying. And unless you have access to national pricing benchmarks, you will likely overpay. Also, many restaurant owners and supervisors simply don’t have the time to dissect every line item involved with waste and recycling vendors, and many of those vendors take advantage of the situation. The lack of time and expertise in this category causes restaurant owners to lose money. And one of the best solutions to get that money back is to take advantage of third party auditing.
End the Weekly Waste Management Calls
No one wants to be talking about trash every week. And dealing with waste and recycling every day can be taxing and relentless. Unless you have a firm understanding of the waste management industry, you’re bound to run into issues, miscommunications and unforeseen increases in expenses that may result in you taking time out of your busy schedule to discuss issues with your vendor. Many restaurant owners know they are being taken advantage of by their waste and recycling vendor, but with multiple locations, complex vendor contracts and a lack of industry knowledge, they decide to remain in costly agreements that they might be able to easily avoid with the right expertise.
Find the Resources for a Waste Audit
Without having the time or the industry knowledge to negotiate a better contract for waste and recycling management, many restaurant owners turn to third-party waste auditing services. A waste and recycling audit is where a company applies its vast knowledge in waste management to uncover errors, overcharges and opportunities to reduce costs. At P3 Cost Analysts, we use our decades of experience to help restaurants reduce their waste management costs, on average, by 30-40%. The team at P3 Cost Analysts will help you find savings by auditing all of your waste and recycling bills, evaluating every line-item of your bills, providing you with a detailed report of our findings, renegotiating contracts or finding different vendors, and so much more. Our services come with a risk-free guarantee where we only share in the savings we find (instead of charging you upfront for our services).
Our team is here to help you find savings in all of your waste and recycling bills. Not only do we provide analysis and recommendations to help you reduce your restaurant expenses, but we also offer ongoing waste services designed to handle future issues you may run across with your vendor. Stop wasting your time with haulers, and talk to a waste audit expert at P3 Cost Analysts. Contact us today to get started on your risk-free audit, and let us help you find ways to reduce your expenses.
Photo Sourced from Getty Images: #1040303566