In the past two years, due to the COVID-19 pandemic and the economic uncertainty, the hospitality industry has experienced dramatic changes, impacting owners’ profit margins.
But, even though restaurant owners cannot predict many external factors and costs, no matter the challenges of the foodservice industry, achieving more with less remains a constant.
Whether this means improving the staff efficiency or preparing a more comprehensive range of menus with few pieces of equipment, the main goal is to achieve better ROI while wasting less of your resources.
At Middleby Australia, we’re here to help you make the best equipment choices and offer services that will play a massive role in your restaurant’s ROI.
So, without further ado, let’s go over some of the basics of why having the right commercial kitchen equipment is profitable for your bottom line.
Choosing the Right Equipment
If you take each piece of food and ingredient separately, the value of the food preparation process can vary.
But, each ingredient needs to be adequately prepared, and with the right equipment, the entire process leads to food that can set a strong foundation for the rest of your restaurant business.
Bottom line, the quality of equipment can make or break the quality of the food you provide, impacting your profits.
And just like any other area of your business, equipment costs and efficiency have a profound impact on your total profits, and with the right equipment in place, this effect only increases.
Balancing Quality and ROI
The rivalry between quality and ROI will remain a constant in business, and this applies particularly in the foodservice and hospitality industries. Thus, when choosing a new piece of kitchen equipment, it’s essential to consider the following:
- How easy will the equipment be to use?
- What kind of space is necessary for the equipment?
- How much energy will the new equipment use?
- What is the maintenance process for the new equipment?
- What are the servicing costs for the new equipment?
- Are any long-term warranties included for the equipment?
For each aspect, you need to conduct a thorough cost-benefit analysis and then decide if the equipment you’re about to purchase will bring you a higher ROI.
The higher the ROI of your equipment, the greater the financial benefits are for your restaurant business.
If you determine that the equipment will save you resources for each aspect in the long run, then that piece of technology is right for you.
Quality as an Investment
Purchasing a brand-new commercial kitchen technology is not always easy. You need to factor in many aspects, including energy expenses, taxes, delivery costs, labour and menu preparations costs.
However, the reliability of your equipment and how much ROI you will achieve will depend highly on how much you’re willing to invest in equipping your commercial kitchen space.
This is where calculating ROI steps in. It is the best thing you can do to make sure that you’ll make the right choice when purchasing quality kitchen equipment for your restaurant.
Investing in the latest foodservice technologies is the key to moving forward and owning a profitable restaurant. Taking specific kitchen processes and reducing the necessary costs while maintaining food is critical for future success.
With Middleby’s brands and technologies, you can automate various processes, including grilling, broiling, searing, and steaming.
It’s no wonder that with so much versatility, major food chains, hotels, and fine-dining restaurants utilise our cooking appliances for their kitchen operations.
Looking for equipment that will improve your business and start paying for itself over time? To learn more about why our equipment can be vital to your restaurant, or for more information on any of our commercial kitchen equipment brands, speak to the pros at Middleby Australia today.