The two major, daily controlled costs in a restaurant environment are Food Cost and Labor Cost. Getting control of and decreasing both of these things will have a direct impact to your bottom line.
A solid point of sale system, in addition to preventing theft and accounting for your daily sales, should help pay for itself many times over by reducing food and labor costs. You may be thinking a POS system is too expensive but it can pay for itself many times over. Here are just two examples:
Establishing your current sales to labor ratio: Get a baseline measurement of where you are today so that you can set goals for improvement. If your employees are using the system to clock in and out, you’ll be able to see side by side comparisons to the amount of wages paid out in a day compared to the sales, to get a proper sales to labor ratio. This can help you set goals for improvement, or help you maintain consistent rates. For a $1M restaurant, going from a 26% labor ratio to a 25% would result in an additional $10K saved over the year.
Keep your staff from draining the clock: A good system will prevent staff from clocking in too early or clocking out late. It will require a manager override to keep people’s pay at what you had planned it to be. For example, you may have a kitchen member making $11/hour, working 30 hours a week. If they are clocking in 30 minutes late every shift, that adds up to $1430 for the year, for just one employee. Imagine if your whole staff was doing this. For 20 employees, that would result in $28,600 over the year.
So paying for a POS system is incredibly simple once you add up what you would save with time and efficiency using it to hold employees accountable. Contact us today for a quote.