THE INGREDIENTS TO MAXIMISE SALES
Now is a good time to use that EOFY marketing budget to set your F&B retailers up for success! Have a look at some of the ways we can reduce risks of abatements and vacancies. Book and pay now using EOFY funds and Titanium Food can commence with retailers following the June / July winter school holidays.
HOW TO MAXIMISE F&B SALES AS COST OF LIVING CURBS DISCRETIONARY SPENDING
Did you know, Titanium Food have identified 57 key drivers of sales for food business? With over 1000 “Sales Maximiser” programs run, we guarantee that if a retailer implements at least 40 drivers, they will achieve an Urbis benchmark in turnover. The 57 drivers are divided into 7 sub-categories. If any of your tenants are struggling to pay their rent, or have above-average occupancy costs, or maybe they’re working to assign their lease – here’s the answer.
40 KEY INITIATIVES OPERATORS NEED TO PAY THE RENT
With pandemic savings dwindling and cost of living inflation pressures combining with increased interest rates and a looming mortgage cliff, the boom in dining out post-pandemic is starting to fade and may soon start to decline. To stay ahead of the pack your tenants need:
- Contactless payment
- Prepackaged goods
- Healthier alternatives on the menu
Just to name a few. In fact, after analyzing Sales Maximiser scores from the latest 500 operators Titanium Food has worked with, most F&B tenants lose sales through their concept, marketing, and merchandising.
Legend X = this entire category failed consistently to implement the key drivers in the sub-category
Titanium Food can help avoid rent abatement requests and inspire store owners and staff with our Sales Maximiser program. It offers your tenants a combination of new merchandising and service tactics, training, and one-on-one consulting following a step-by-step process tested & developed by working with over 1000 food operators nationally.
THE TASTE TEST
Fresh Food Specialty & Sub-Continent Cuisines Rank Lowest
Of the 500 Sales Maximiser scorecards we have analysed, the below infographic shows the lowest average performing F&B operators. We can help your lowest-performing tenants turn things around.
Our balance of strategic thinking and operational know-how means we are able to work successfully at both a Centre level and one-on-one with retailers to ensure any investment in our services produces a substantial return on investment. Typically, retailers experience a 10-25% increase in sales after implementing our recommendations.
Get in touch now and one of our consultants will respond to discuss your F&B requirements: