Your restaurant's budget is tight. How do you handle a vendor hiking prices on essential ingredients?
When a vendor raises prices, it's crucial to balance your budget without compromising on quality. Here are strategies to tackle this challenge:
- Negotiate with the vendor. Express your concerns and discuss potential discounts or alternative pricing models.
- Source alternative suppliers. Compare prices and quality from different vendors to ensure you're getting the best deal.
- Adjust your menu prices or portions slightly, ensuring customers still receive value while keeping your business profitable.
How have you handled price increases from vendors? Your experiences could guide others.
Your restaurant's budget is tight. How do you handle a vendor hiking prices on essential ingredients?
When a vendor raises prices, it's crucial to balance your budget without compromising on quality. Here are strategies to tackle this challenge:
- Negotiate with the vendor. Express your concerns and discuss potential discounts or alternative pricing models.
- Source alternative suppliers. Compare prices and quality from different vendors to ensure you're getting the best deal.
- Adjust your menu prices or portions slightly, ensuring customers still receive value while keeping your business profitable.
How have you handled price increases from vendors? Your experiences could guide others.