Restaurants and bars are typically SME’s and have little access to commercial expertise, due to restricted financial resources and the focus on the day-to-day business.
One of STRATZR’s clients in the hospitality industry is a renowned bar in Amsterdam, the Netherlands, which wanted to maximize profit in a sustainable manner. STRATZR worked closely together with the owner and manager on implementing the following:
Price & margin analysis for all food & beverages
Competitor pricing research
Price & margin management tools, such as tracker dashboards
Price increase strategy and communication methods
Pricing coaching
The results are very positive, sustainable over a long period of time and customer acceptance is very high.