News/Press

Spice up Your Catering Profits

How profitable is your catering business? Some caterers experience a pretax profit of over 25%, while others are barely able to show a profit. The average pretax profit for caterers is between 7% and 8%. Having an accurate, up-to-date picture of how your catering company is performing financially is crucial.

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Purchasing–You Don’t Have To Do It Alone

Owners and operators are hampered by being “small fish” in a big purchasing pond, lacking the collective buying clout required to be able to negotiate the best prices. They’re discovering that “do-it-yourself” procurement is not as simple as they had hoped and are now realizing that they don’t have to do it alone.

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Casinos Use Food and Beverage to Sweeten the Pot

With new restaurants, more menu choices for in-room dining, high-end buffets, and new gaming table snacks casino operators must be smart about food and beverage purchasing. Many casino operators are opting to work with purchasing partners to help them lower food costs and generate additional revenue.

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The Secret Sauce of Menu Pricing

In the hospitality industry, whether you are running a hotel with food and beverage services or a managing full service restaurant or managing a catering company, pricing food is always the key to profits and it’s more important than ever before.

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Hospitality Management: A Giant Juggling Act

Our purchasing solutions will help you meet the needs of your diverse stakeholders. Your employees will do their jobs more efficiently and you will have help managing the financial expectations of senior management and, most importantly, it will help you provide exceptional guest experiences.

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A Fresh Take on Purchasing

This combination of unpredictable external factors and evolving customer demands are creating problems for hospitality professionals. Food service operators need to stay aware of consumer preferences and try to source the trending and popular ingredients from local suppliers, all while managing their food budgets in a volatile market with ever-changing commodity prices.

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Consistency: The Breakfast of Champions

If your guests remember having a hot breakfast at one of your hotels, they will expect the same if they stay at another in a different location. Guests want the peace of mind that comes with knowing that when they stay at a specific hotel brand they will receive the same level of service and quality.

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The Importance of Uniforms in the Hospitality Industry

Here are Source1 Purchasing’s top 5 reasons why uniforms are important in the hospitality industry.

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Source1 Purchasing Helps Operators get the Best Value for their Money

Centralized purchasing offers more opportunities for businesses than decentralized. “There were a lot of independent operators who were buying different levels of quality” from a wide range of suppliers, he recalled. His goal was to establish standards and work with brands already familiar to consumers rather than those geared exclusively for business use.

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5 Questions with Scott Hoffmire

The commodity market for staples can always impact product costs and hotel operations. At Source1 we suggest alternatives and our volume leverage can maximize availability for our customers.

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