Restaurant

The restaurant industry is highly competitive and suffers from some of the smallest margins of any industry. Having the right pricing strategy in place can mean the difference between staying in and going out of business. Revenue Management Labs helps restaurant clients build advanced pricing capabilities by understanding customer behaviour, purchasing decisions and the competitive landscape. We work with you to quantify product demand, optimize menu/product pricing, while factoring in the contingent fluctuations in the price of raw materials, and considering cost-control measures, etc.

Unique Challenges

  • Highly competitive
  • Cost pressures around labour, food, and advertising
  • Suffers from some of the smallest margins of any industry


Revenue Growth Opportunities

  • Optimize menu prices
  • Promotion analysis and optimization
  • Competitive benchmarking
  • Strategic guidelines