Posts Tagged ‘niche markets’

Why Breakfast Options on the Menu Increase Your Bottom Line

April 19, 2013

As a savvy restaurant owner, you’re always looking for new tactics to draw traffic into your establishment. If you’re not doing so already, offering breakfast items can be a very smart and cost-effective way to do just that.

In fact, breakfast items accounted for nearly 60 percent of the restaurant industry’s traffic growth between 2005-2010 (the last time at which a breakfast study for the restaurant industry was conducted). Breakfast sales have also steadily grown by +2 percent per year over the course of the last decade, as opposed to a -2 percent decline in dinner time traffic during that same time.

What does all of this tell us? That what mom always said is the truth – breakfast IS important.

Offering Breakfast on the Menu Serves Many Needs

In a day and age when our hectic lifestyles create demanding schedules, many of us end up skipping breakfast because we don’t have the time or the energy to make something for ourselves. On the other hand, if you had someone hand you something small and portable as you ran out the door, wouldn’t you take it?

Restaurants with breakfast items on the menu offer people a quick, convenient way to jump start their day by grabbing breakfast on the go. Since breakfast orders usually consist of only one or two items, they are typically cheaper than other options on the menu which makes eating out feel more affordable.

Offering Breakfast Items Builds Customer Loyalty

It’s important to recognize how important the morning meal can be in both capturing a market share as well as building customer loyalty. It’s been shown that customers who visit an establishment for more than one day return more often, become more loyal, contribute more volume, and are far more likely to recommend your eatery to the people in their networks.

In sum, restaurants that serve breakfast end up being more memorable, and are, therefore, frequented more often. After all, who doesn’t make a mental note of a great place to swing in and grab some nourishment before they start their day?

Keep Your Breakfast Options Short and Sweet

Want to take a guess at the two most popular breakfast items? No surprise that it’s coffee and breakfast sandwiches. This is great news for you as it means that meeting the peoples’ demands for morning food can be a simple endeavor. Now granted, it’s technically specialty coffee that is all the rave, but that’s not too tough of an acquiescence to make, is it? Who doesn’t love a really great cup of brew?

When you consider all the benefits, serving at least a few breakfast options only makes sense. It is even more compelling when you consider the shift toward offering breakfast that many chains have undergone over the course of the last few years. It almost feels like a person could expect breakfast anywhere they go, which is all the more reason to get your restaurant on the boat if it isn’t there already.