10 ways to keep food costs down this year
Economists tend to bicker, but there was at least one source of agreement in their 2013 forecasts: food prices are going to increase 2 to 4 percent this year. With restaurant patrons still pinching pennies, raising menu prices may not be the best solution. So what are the alternatives?
Self-publishing a cookbook
For several years, Hank Holliday, owner of Peninsula Grill in Charleston, South Carolina’s Planter’s Inn, talked about doing a cookbook to showcase the restaurant’s culinary legacy.
On-premise wine drinkers traded down from bottles to glasses in 2012, according to GuestMetrics, which tracks over 250 million checks from restaurants and bars across the U.S. In addition, Chardonnay and Cabernet Sauvignon—longtime favorite varietals—lost some ground to Sauvignon Blanc and Pinot Noir.
Healthier choices, more local produce and rising menu prices are just a few of the trends restaurants are expecting to see in 2013, according to Restaurant.com, a site that offers discounts to diners. The popular site recently polled 106 fast-casual, QSR and full-service restaurants across the country to find out what’s on operators’ radar in 2013.
Quick service chains are cashing in on coffee. McCafe espresso-based beverages account for a substantial portion of McDonald’s revenues. The chain also sells packaged coffee in Canadian stores and may offer bags of McCafe Premium Roast in the U.S. For its part, Wendy’s upgraded its coffee program last year with the Redhead Roasters line and Burger King has partnered with Seattle’s Best Coffee.