Foodbuy Invests in “Restaurant Health Checks” through The Fifteen Group

How does adding $18,000 or $24,000 to your restaurant’s bottom line sound? These are the results that two different operators achieved when they conducted a ‘Restaurant Health Check’ through Foodbuy’s partner The Fifteen Group.

Foodbuy is working with one of our key industry partners and advisors, The Fifteen Group, to help operators drive more revenue and save costs during these trying times.

Foodbuy is selecting customers from coast to coast to benefit from a “Health Check” workshop. The “Health Check” is a free, one-on-one consultation with The Fifteen Group, Canada’s restaurant experts, to analyze your operation and identify profit and cost saving opportunities compliments of Foodbuy.

What is The Fifteen Group’s Health Check?

We spoke with David Hopkins, President of The Fifteen Group, to help us understand how Health Checks can benefit operators. “It’s a two hour, one-on-one assessment of your operation, with actionable insights to maximize profitability. We’ll provide concrete recommendations for change with instant profit benefits.”

What Will the Health Check Entail?

The Fifteen Group will request a “wish list” of data beforehand. The more information, the more effective the call will be.

• The first 1/2 hour of the workshop is a one-on-one discussion, reviewing the materials provided and discussing pain points.
• For the next hour, The Fifteen Group will work offline and examine the provided information (financial statements, menu pricing strategy, POS velocity reports, etc.). They will use their analytical tools to highlight opportunity areas.
• The last 1/2 hour is one-on-one to review their tailored suggestions to boost profits (both immediate and long-term).

 What does the Fifteen Group analyze?

The Fifteen Group will review financial statements, menu costing, inventory reports, labour schedules, daily reporting tools, and POS (or POS access for the consultation timeline) velocity reports will be analyzed to identify revenue growth opportunities. Hopkins adds, “We don’t usually get all that information, but we work with whatever information the owner gives.” Hopkins outlined, “We don’t want it to be onerous. If you have financial statements, send us your last three months and a printable report from your POS system. That should only take a few minutes, and then we can dive into it.”

The Outcomes Speak for Themselves…

• For a client in Whitehorse, we identified various long-term profit opportunities and recommended adjusting hours of operation, saving them $2,000 per month.
• We tweaked the menu pricing for a client in Ontario and added $18,000 to their bottom line. In Alberta, we adjusted a client’s menu pricing to add $24,000 to their bottom line.
• In Ontario, we identified $80,000 per year of lost/missing profit for a client and provided concrete recommendations on how to fix it.

Hopkins added. “The Fifteen Group has never done one of these workshops without providing concrete recommendations that would add thousands to bottom-line profit.”

Why Should Foodbuy Members Look to The Fifteen Group for Help?

The Fifteen Group is the industry’s leading foodservice profit maximization experts. Founded in 2001, they have helped make more than 1,200 restaurants become more profitable.

LTO – NO COST for Foodbuy Members

The usual cost is $750. Foodbuy is offering these “Health Checks” free to selected members* as a value-added service. The intention is to continue to help operators drive revenue and reduce costs during these trying times.

How Can Foodbuy Members Sign Up?
Foodbuy is offering a limited number of “Heath Checks” to our members.

If you are interested, please send your contact information to [email protected] by January 31, 2025. Limited spaces are available and will be chosen on a first-come, first-serve basis.

Hopkins continues. “Once selected, a Foodbuy member will be able to go to The Fifteen Group website and book a time. The Fifteen Group will instantly provide a confirmation e-mail and the “wish list” of data/reports for the workshop. The Fifteen Group will review and come prepared for the appointment and we can see where there may be opportunities for the operator to capitalize on right away!”

*Only Foodbuy members are eligible for this offer. Participants will be selected in January. Those chosen will be contacted by email. Participants need to be willing to provide the requested documentation. No purchase is necessary. Business ‘Health Check’ reviews that are conducted by The Fifteen Group are not affiliated with Foodbuy Canada and are conducted independently from Foodbuy Canada.  Questions can be directed to [email protected].