Working with a well established leisure group we have assisted with the cost management for their newest themed dining experience. As a new, interactive themed dining experience is being launched, the savings deleivered will be carried forward to all new restaurants as the roll out continues.
Client Overview
Presenting the union of technology, fine foods and fusing hospitality with competitive gaming, this growing company is launching a new concept with plans for extensive growth over the near future.
With 2 brands already strongly represented in the space our client have a great understanding of what it takes to make an engaging, fun and memorable experience for their clients.
Having a business model built across direct ownership and with franchise partners, it is important that their latest concept is current, enagaging and scalable across multiple sites.
Our Approach
We worked with the client to review their costs for the launch of the new concept and it’s successive roll-out across Europe.
The engagement kicked off with Ebit reviewing the existing specifications established. This review was undertaken across all business areas. From laptops and digital signage to the menus printed and the beverages they would be selling, we reviewed them all.
This allowed us to leverage our benchmark data and expertise to identify areas for cost reduction and service improvement. Through continued discussion with our client we moved to identify those areas which would deliver the best value to the business and focus on these ahead of the launch of the new brand.
Results
Across an initial annual spend of £2.3m for the site and all it’s associated infrastructure we were able to deliver savings in excess of £550k (23% of Year 1 spend).
These savings included some 1 off fit out costs for lighting and audio visual equipment which can be replicated across all future venue fit outs. The savings made on lighting were achieved by re-specifying the requirements to achieve the same visual effect with more efficient lighting. This has led to a 53% cost reduction in this category and lower ongoing running costs.
With 10 venues scheduled to open in the first year and a a further 30 over the next 2 years these savings will continue to stand our client in good stead.
We also worked on behalf of the client to negotiate all soft & alcoholic drinks suppliers across 4 main categories. These savings were delivered across the premium supplier base that our client had already identified.