WASHINGTON'S LEADING BUSINESS MAGAZINE

Value Meals

Restaurants are responding with increased value, lower price points and special offers. Here are some ways these establishments watch the bottom line and lure customers.
By Julie H. Case |   July 2009   |  FROM THE PRINT EDITION

Taking Care Of Business

Holding Suppliers to the Fire: Restaurants take advantage of market opportunities to reduce the cost of supplies and pass those savings on to customers. Ray’s Boathouse, for example, is using a market glut of frozen fish to fill its larder with fish suitable for smoking.

More bang for the buck: By nixing items that don’t sell and finding ways to make use of lower cost ingredients, eateries are reinventing menus without raising prices.

Power Of The Dollar

Specials: Playing to the theme, big and little guys are making use of specials. At the 5 Spot and Hi-Life, for example, the price of the daily blue plate special is tied to the closing mark of the Dow Jones Industrial Average, divided by 1,000.

Happy Hours: Better menus and expanded hours mean deals for customers.

Brunch: The Most Important Meal of the Day: Restaurants—especially fine dining institutions—are taking advantage of the relatively lower cost of the morning meal by serving Sunday brunch specials or getting innovative with their offerings, such as a new champagne brunch/mimosa bar at Matt’s in the Market.

Attracting New Customers

Borrowing from Friends: Love Lark? You’ll fall for Crush. Smitten with Crush? You’ll want to go over to Rover’s. That’s the thinking behind the Seattle Chefs Table, a dinner event that happens six times a year, each time at a different restaurant, with those six restaurants’ chefs cooking one course apiece. The restaurants hope their loyal customers will cross over to each other’s establishments.

Classes and Special Events: Fine dining establishments are taking on education and the opportunity to rub elbows with winemakers as a means of getting attention. Events such as winemaker’s dinners and the Wine Bootcamp at Waterfront Seafood Grill aren’t designed to make restaurants money, but to draw attention.

Luring New Palates: Some restaurants add brunch specials to attract attention, others play up their specialties—or the local angle. In April, Bellevue’s 0/8 Seafood Grill and Twisted Cork offered all Washington wines at half price.

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