CapitalSpring

Inflation is causing food prices to rise and restaurants are responding by raising their menu prices.&nbsp;<a href="https://www.kansas.com/news/business/article288803920.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=restaurants-combat-inflation-3-ways-2726326" target="_blank" rel="nofollow">According to a recent study</a>, most fast-food restaurants have raised prices by an average of 60% during the past decade, with the majority of the increase happening in the last five years. This inflationary pressure is causing concern among consumers, who are experiencing a strain on their wallets.&nbsp;In a recent&nbsp;<a href="https://www.fastcasual.com/blogs/3-ways-restaurateurs-can-combat-inflation/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=restaurants-combat-inflation-3-ways-2726326" target="_blank" rel="nofollow">Fast Casual article</a>,&nbsp;<a href="https://www.linkedin.com/in/erik-herrmann-205aa624/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=restaurants-combat-inflation-3-ways-2726326" target="_blank" rel="nofollow">Erik Herrmann</a>, partner at&nbsp;<a href="https://www.capitalspring.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=restaurants-combat-inflation-3-ways-2726326" target="_blank" rel="nofollow">CapitalSpring</a> and head of its investment group, offers three strategies for restaurant operators who are looking to combat the impacts of inflation while maintaining customer satisfaction and loyalty.<h3>Enhance Value Beyond Pricing</h3>Restaurant guests are always looking for a good deal in terms of price and quality. If reducing prices isn't an option, then restaurant owners need to find another way to add value."It's all about providing exceptional service and creating an experience that truly stands out," Herrmann said. "Developing an interesting, limited-time offer or menu item that guests can't get elsewhere is a time-tested way to generate traffic."<h3>Communicate Better</h3>Although most restaurant patrons understand that price increases are inevitable, the way that news is conveyed to them can make all the difference. To earn the trust of their customers, restaurant operators need to implement their changes quietly and in a way that's mindful of guests' perceptions."Earning our patrons' trust stems from our commitment to managing costs wisely," Herrmann said. "When we make any necessary price adjustments with this careful approach, our guests are more understanding."<h3>Leverage Technology for Efficiency</h3>Restaurant operators can keep their offerings attractively priced by using technology to manage and reduce operational costs. Every technological leap provides more options to streamline operations and cut expenses."Finding efficiencies through advancements like voice artificial intelligence in drive-thrus or self-service ordering kiosks, for example, may significantly ease the pressure on our costs," Herrmann said. "This not only benefits us but our customers as well as it makes their dining experience better and more affordable."<h3>Coming Out Stronger</h3>Inflation can be a difficult obstacle for restaurateurs, but emphasizing what makes an establishment special, optimizing prices and taking advantage of the latest and greatest tools can help them stay ahead of the curve."It's all about being nimble and tough, ready to adapt and come out stronger," Herrmann said, "no matter what the industry throws at us."Read the original article&nbsp;<a href="https://www.fastcasual.com/blogs/3-ways-restaurateurs-can-combat-inflation/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=restaurants-combat-inflation-3-ways-2726326" target="_blank" rel="nofollow">here</a>.For more information on CapitalSpring and the restaurant franchise industry, visit&nbsp;<a href="https://1851franchise.com/capitalspring">https://1851franchise.com/capitalspring</a>. &nbsp;

Restaurants Combat Inflation - 3 Ways - CapitalSpring - Fast Causual

How Restaurants Can Combat Inflation: 3 Strategies

1851 Franchise

CapitalSpring's Erik Herrmann offers restaurant operators some suggestions on keeping customers satisfied while still driving profit.

This brand page has been paid for by CAPITALSPRING. Content within this page that is paid will showcase a Sponsored icon. This means the brand has engaged 1851 FRANCHISE to write the content. Content without the Sponsored Icon is aggregated media placements the brand earned. Questions can be sent to editorial@1851franchise.com

Fast Casual: 3 Ways Restaurateurs Can Combat Inflation

restaurants-combat-inflation-3-ways

FRANCHISE INFORMATION

Contact

About CapitalSpring

The CapitalSpring Difference

Case Studies

Learn More About CapitalSpring

Learn

Visit Website

CAPITALSPRING

LinkedIn

SOCIAL MEDIA

Buddy's Pizza Plans To Grow Outside of Detroit with Support from CapitalSpring

5 Factors That Can Affect A Restaurant’s Reopening 

How Sizzling Platter is Investing in Brand Culture to Create a Happy Workplace 

CAPITALSPRING MOST READ STORIES

LOGIN

ABOUT CAPITALSPRING

CONTACT CAPITALSPRING

linkedin

First Name

Last Name

Email

Phone

Company

City

State / Province

Zip Code

Comments

Contact CapitalSpring

how-sizzling-platter-is-investing-in-brand-culture-to-create-a-happy-workplace

Manna Development Group Completes Acquisition of 38 Cafés to Become One of Panera Bread’s Largest Franchisees

manna-development-group-completes-acquisition-of-38-cafes-to-become-one-of-panera-breads-largest-franchisees

How CapitalSpring Helped The Saxton Group More Than Double the Value of Its Business

how-capitalspring-helped-the-saxton-group-more-than-double-the-value-of-its-business

Finding Financing: How Fit and Expertise Impact Investment Partnerships

finding-financing-how-fit-and-expertise-impact-investment-partnerships

buddys-pizza-plans-to-grow-outside-of-detroit-with-support-from-capitalspring

QSR: CapitalSpring Shares How To Navigate Capital Structures Amid Economic Challenges

qsr-capitalspring-shares-how-to-navigate-capital-structures-amid-economic-challenges

Fast Casual: 3 Ways Restaurateurs Can Combat Inflation

MORE STORIES LIKE THIS