10 Ways All-You-Can-Eat Buffets Make Their MONEY!!!
501These are 10 Ways All-You-Can-Eat Buffets Make Their Money from their customers in their restaurants. Pretty much everyone watching this has eaten at a buffet at some point in their lives.
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Restaurant guests can grab plate after plate of an endless array of dishes and cuisines. All of this for one low price. So what’s their secret to their success? Well, these sorts of buffet restaurants have some tricks up their sleeve to keep business going, and you’re about to find out exactly what they are in this video!
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If you enjoyed this video please watch our other video: Top 10 Ways All You Can Eat Buffets Make MONEY! https://www.youtube.com/watch?v=dCmONFGrVKQ&feature=youtu.be
TIMESTAMPS:
0:25 Cheap Eats
1:25 Strategic Lay-out
2:28 Seasonal Menu Changes
3:33 Monitoring Food Waste like Big Brother
4:32 Small Portion Sizes
5:29 Large Iced Drinks
6:51 Eliminating Cost for Staffing
8:05 Low Food Quality & Recycling
9:28 The Illusion Keeps You Coming Back
10:42 Banning
SUMMARIES:
- To understand the ins and outs of buffet style eating, we need to understand its origins. The term 'buffet' comes from the French term meaning “sideboard', a piece of furniture that was used to lay out food for quick picking.
- Another way all-you-can-eat buffets make money is by its strategic layout. At the front of the buffet, certain items that are considered fillers or starchy foods are placed first, dishes which include meat are usually found further down the buffet line. This is done on purpose, so you can fill up on more of the filler items.
- Most restaurants tend to change their menus based on seasonal produce. This is not only done so you can enjoy a variety of items, but because produce is usually sold at cheaper prices when in season.
- There is a whole psychology behind the monitoring of food waste when it comes to the restaurant business and buffets are no exception. These days with advanced computer technology, restaurants are able to keep tabs on what their clientele are eating and how much is being consumed.
- Another way All-You-Can-Eat Buffets make money is by cutting down on overhead expenses. Since buffet food is prepared ahead of time in bulk or in large quantities, there is no need to have the same amount of staff as would be required in a sit down restaurant.
- Whether it be alcohol, soda, or bottled water most buffets do not include beverages in the overall cost of the meal. Therefore, the cost of any beverages is added to the sum of the total. While the profit margin on food is around 35% tops for restaurants, for drinks it is as much as 90%.
- Another way All-You-Can-Eat Buffets make money is by cutting down on overhead expenses. Since buffet food is prepared ahead of time in bulk, there is no need to have the same amount of staff as would be required in a sit down restaurant. Buffet restaurants basically know how much staff is required during busy periods, and will hire accordingly.
- This may not come as a surprise, but another way All-You-Can-Eat buffets make money is by cutting down on quality and recycling food. Aside from getting good deals from their wholesalers on bulk seasonal produce, they also get deals on chicken, meat, and fish that are also bought on the cheap.
- They have you as soon as you get in line. Buffets are not an easy profit-making scheme. It takes the right menu, the right balance between cost and quality, and meticulous attention to operational details for these restaurants to succeed. It also takes a keen understanding of the psychology of dining.
- Buffets do manage to make good money, whether it be with cheap inexpensive quality food, less overhead, or whatever methods they are using at the given moment. The fact is that not many people can eat two days worth of protein in one sitting, although there are some who can.
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