Reduce restaurant expenses and keep restaurant operations running smoothly without changing service levels, operations, or vendors.
SIB is the leading provider of cost reduction and contract compliance services to the restaurant industry. Learn more about our turnkey services to increase profitability without changing anything.
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21% Average Savings in the Spend Categories We Oversee for Restaurant Operators
While finding and retaining staff remains a number one challenge for restaurant operators, SIB helps to hedge against the barrage of constantly-growing operational costs by providing a steadfast solution for restaurant cost management. We reduce costs without requiring you to change service levels, operations, or vendors.. How? We focus on critical, hard-to-manage spend areas like waste removal, bank fees, telecom, laundry and more to avoid price creep, eliminate billing errors, and ensure you have the most competitive pricing possible for multiple spend categories.
We’ve reviewed restaurant costs for some of the largest operating groups for over 26,000 locations. Lean on SIB for pricing benchmarks, local market knowledge, and a full staff of analysts so you can focus on the day-to-day while keeping restaurant operations profitable.
Contact UsEnjoy the benefits of reduced operational costs with no upfront investment. Our performance-based model means we succeed only when you achieve measurable savings.
Tap into insights gleaned from our deep engagement with all types of restaurants and restaurant suppliers including extensive experience auditing invoices and negotiating contracts.
Save money and reduce complexity without changing vendors, service levels, or operational processes that harm staff. Our self-funded services means we only share in the savings we unlock.
Take advantage of our 500,000+ pricing benchmarks to promote more successful vendor negotiations and secure best-in-class rates, terms, and conditions.
Our Restaurant Clients
Our Process
- Review Vendor Spend
We look at 12 months of expenses across all spend categories from your general ledger to give you the big picture view of your spend and identify high-potential savings areas. - Define the Scope and Roadmap
Decide which expenses you want to tackle first. We meet with internal stakeholders in each expense category to gather additional details and data and obtain authorization letters permitting us to work directly with your vendors. - Analyze, Negotiate, and Present the Opportunity
We thoroughly audit your spend, invoices, and contract terms and conditions, uncovering every area for savings and optimization with existing vendors and services. Upon request, we can also look at sourcing alternate vendors. You review the full scope of opportunities and decide which to approve and implement. - Implement Savings Strategies
We put new contracts and rates into effect and provide your internal teams with documentation of all new pricing agreements, terms, and conditions. When you save, we share a portion of the savings, so there are no upfront costs and no risks to you. - Validate Savings and Ensure Compliance
We partner with you throughout the scope of your new contracts and service agreements to keep vendors in compliance, validate savings, and ensure you are receiving all negotiated services. We proactively look for new or additional savings opportunities to ensure best-in-market rates for the long term.
Spend Areas We Help
Waste + Recycling
Save an average of 31% on solid waste, medical waste, compost, and recycling costs while improving ESG compliance through better program design, pricing, and management.
Waste + Recycling
Treasury Fees
Secure best-in-class pricing to reduce bank fees and merchant services by 27-34% while reducing risk and preserving existing banking relationships.
Treasury Fees + Merchant Services
Telecom
Reduce telecom expenses by an average of 28% with a rightsized network, competitive market rates and terms, and a proactive approach to eliminating common billing errors.
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Utilities
Power up your business and bottom line with an average of 11% savings on electricity, natural gas, water, and propane, more reliable service, and reduced billing errors.
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Linen, Laundry, and Uniforms
Secure and validate the best prices and terms to improve your current service levels while reducing your linen, laundry, and uniform costs by an average of 26%.
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Payroll Processing
Optimize your payroll processing solution to simplify and better meet your company’s human capital management needs while saving an average of 24% on labor cost.
Learn MoreSee What Our Clients Say
“…SIB found thousands of savings by reducing our banking fees…They were easy to work with and they respected our preference to retain services with our current vendors…We will recommend them to other quick serve restaurant franchisees in the future.”
“We learned about SIB through the Hardee’s Franchisee Association. We are very selective about whom we work with and we were determined not to make major changes just for the sake of saving money. SIB understood and pursued very measured, sensible recommendations that would serve our operational service needs entirely…their services are a great fit for the QSR (quick serve restaurant) industry.”
“SIB had staff and resources to audit spending at all of our 140 fast casual restaurant locations across the full spectrum of vendor services we pay for monthly. Their comprehensive review process yielded tremendous results..identifying more savings than we could have imagined. Furthermore, SIB’s bill monitoring services will ensure that we continue to realize these savings in the years to come.”
“We have 130 corporate locations. We were very interested in having an objective, third-party firm review our telecommunications contracts in an effort to identify savings opportunities for our company. I do not believe we would have achieved such significant savings without the independent expertise of SIB.”
Resources and Case Studies
Private Equity Owned Chain of Quick Serve Restaurants Challenges Property Taxes with Help from SIB
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SIB’s Utilities Team, Cost Control Associates, Helps Restaurant Operator with Energy Procurement
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Condado Tacos Saves $90,000 plus Annually; Ensures Peak Performance to Drive Results
Read MoreTake Control of Your Spend Today
Ready to reduce your costs across your top spend categories? Get started with a no risk, comprehensive evaluation of your vendor transaction history and put our market intelligence and industry expertise to work to spend smarter and improve your bottom line.
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