Three No-Cost Ways for QSRs To Reduce Monthly Expenses

It’s an understatement to say the pandemic hit the Quick Service Restaurants (QSR) hard. Those who were able to ride out the worst of the lockdown found themselves pivoting towards 100 percent takeout orders fueled by intense social media campaigns. For some, restaurants parking lots became outdoor dining experiences, and for others, curbside pickup became the financial lifeblood. These drastic measures are now table stakes (pun intended) for QSRs to survive.

Now that the world is emerging from its year-long quarantine, people are returning back to their former dining habits and QSRs are finally experiencing steady revenue flow. However, the damage to profits is catastrophic, to the extent that the National Restaurant Foundation estimated the industry was on track to lose $240 billion by the end of 2020. Given this drastic decrease in revenue, restaurants are getting even more creative with reducing operating expenses and are now performing some financial juxtapositioning with their…