WebstaurantStore is excited to announce our new partnership with Credit Key! Now the checkout experience is easier than ever with Credit Key flexible payment options. In the fast-paced hospitality industry, we know you don’t have time to wait for the products you need right now. Monthly payment options from Credit Key let you buy now and pay later. The best part? You pay zero interest when you choose the Pay-in-4 payment plan!
How Does Credit Key Work?
To take advantage of our new payment options, just select Credit Key when you check out. You’ll be asked to provide some additional information, and you’ll know in seconds if you qualify for Credit Key payments. After you're approved, you can use Credit Key for all your WebstaurantStore purchases. Choose the popular Pay-in-4 option to divide your purchases into 4 equal interest-free installments. If you want lower payments, you can extend the financing to a 6-12 month term.
Why Is Credit Key Different Than Traditional Financing?
Credit Key offers WebstaurantStore customers the option to purchase supplies and equipment now and pay for them later. Unlike traditional financing or loans, the buy-now-pay-later process can be performed instantly at checkout. Approvals are immediate and payments can be extended for 12 months. Pay 0% interest when you choose Pay-in-4, and as low as 1% interest after that.
The benefit of a buy-now-pay-later option is that you aren't locked in to a longterm payment plan. You choose the terms. If you need a new gas fryer to keep up with demand, you can buy now and pay it off in a few months. There are no pre-payment penalties and applying to Credit Key has no effect on your credit score.
If you have questions about Credit Key, email our Payments team!
Related Resources
Why You Should Sign Up for WebstaurantPlus
Foodservice establishments operate with razor-thin margins, and shipping costs can quickly start cutting into profits. Fortunately, we created the WebstaurantPlus program, which is a subscription service that offers free shipping on hundreds of products. Keep reading to learn how a WebstaurantPlus subscription can benefit your business, what types of products are eligible with the Plus program, and what real WebstaurantPlus members have to say about the service. What Is WebstaurantPlus? WebstaurantPlus is a subscription service that gives subscribers access to priority order processing and free standard ground and common carrier shipping on thousands of products. We offer this service for a fee of $99 a month. Additionally, for an order to qualify for free shipping, the subtotal must include over $29 worth of eligible products. Who Is Eligible for a WebstaurantPlus Subscription? All registered customers with a saved credit card that are shipping within the contiguous United States are eligible. WebstaurantPlus Refund Program Starting on August 31, 2022, WebstaurantPlus customers whose total account subscription costs exceeded their total account subscription savings in the preceding 12-month period will be eligible for a refund of the difference in the form of store credit. Subscription savings refer to shipping costs, subscription savings on select items, and other associated subscription savings. A store credit will be issued to eligible customers for the difference, and it can be used on merchandise or services offered online at WebstaurantStore. The store credit will expire one year after it has been issued. For more information, please visit our policies page. To learn more about the benefits of WebstaurantPlus and to answer any questions you may have, be sure to check out our WebstaurantPlus FAQ by using the button below. WebstaurantPlus FAQ Popular Products Eligible for WebstaurantPlus There are thousands of products that are eligible for the Plus program. This selection encompasses many different categories, ranging from large equipment to smallwares and disposables, so you can be sure to find the items you need. Any product that has the blue Plus box next to the item price is eligible for priority order processing and free shipping! Most Popular Items on WebstaurantPlus Here are some of the great products that are popular with our WebstaurantPlus customers: Disposable Gloves Paper Cups Paper Napkins Glassware Receipt Paper Take-Out Containers Who Would Benefit from a WebstaurantPlus Subscription? A WebstaurantPlus subscription is beneficial for most foodservice establishments, especially restaurants that order their equipment and disposables online. This service is also ideal for the following types of establishments: Businesses that use the auto reorder tool. If you're ordering regularly from WebstaurantStore, a Plus membership is essential, so you can maximize your savings. Use the WebstaurantStore app to make reordering your favorite Plus-eligible items even quicker. Restaurants that are constantly running out of disposables. Rather than sending one of your employees off to the grocery store to pick up more napkins, straws, or paper plates and paying a premium, you can order wholesale options on WebstaurantStore with Plus. Then you can sit back and relax knowing that your order will get priority processing and free shipping. New restaurants that have to order lots of equipment and supplies to stock their kitchen. Purchasing lots of equipment for your new business can lead to a lot of upfront costs, but a WebstaurantPlus membership can help cut costs. Establishments that need their order to arrive quickly. If one of your appliances breaks during the week and you need a replacement, a WebstaurantPlus subscription ensures priority processing so your business can continue flourishing as quickly as possible. Praise for WebstaurantPlus from Customers But, don't just take our word for it! Read what several WebstaurantPlus members have to say about the service. MJ Stone is the co-owner of Agora Downtown Coffee Shop in Fredericksburg, Virginia, and has benefitted from her WebstaurantPlus subscription. She said, "In addition to not being able to find another place that beats the prices that Webstaurant has, it's wonderful not having to worry about shipping on top of that." John Serock, the owner of John Serock Catering expressed a similar statement: "So many of the items that we purchase are part of the Plus program that we've moved over products from other suppliers because of the savings in the shipping." He also added that, "At $99 a month, it paid for itself literally in the first week that we had it." In addition to the cost savings, WebstaurantPlus members benefit from our expedited shipping, so you get your orders faster. The Director of Kitchen Operations for Barley Creek Brewing Company, Bobby Fluegel, said, "Favorite thing from WebstaurantStore is probably the fact that once I purchase something, I know it's going to be here in a few days." Check out the video below to see what else our customers have to say about WebstaurantPlus! <iframe width="560" height="315" src="https://www.youtube.com/embed/5dTR6u5iNe0?rel=0" frameborder="0" allowfullscreen=""></iframe> Subscribe to WebstaurantPlus for Free Shipping A WebstaurantPlus subscription can help your business save on shipping costs and get your shipments faster, so you have to spend less time waiting and can spend more time serving your customers. If your restaurant is ready to sign up and start saving money on shipping, you can use the button below: Enroll in WebstaurantPlus
Everything You Need to Know About WebstaurantStore Shipping
WebstaurantStore invests in distribution, making us one of the fastest and most reliable shippers in the foodservice industry. We offer hundreds of thousands of products, and we've shipped millions of orders across the nation. Consider us the best choice for all of your restaurant equipment needs. Below, we'll explain our shipping options and policies in detail to help you place your heavy equipment orders with confidence. For the most complete and up-to-date information, visit our shipping policies page. Click below to learn more about WebstaurantStore shipping policies: How to Save on Shipping Estimated Shipping Times Expedited Ground Shipping Common Carrier Shipping International Shipments Webstaurant Shipping FAQ How to Select Your Shipping Method During Check Out To choose a shipping method while checking out with WebstaurantStore, you’ll need to: Add items to your cart Calculate your shipping on the Cart page where it says “Ships To” Select Business or Residential (Business is a confirmed commercial address) Enter your zip code and click "Calculate" Shipping options and cost will be listed Select a shipping option and complete the order Once your order is complete, you’ll receive an email confirmation. As soon as your order ships, we'll send a second email with the tracking information. The tracking will activate 24 hours from that point, letting you know when to expect your purchase. You can also keep up to date with order statuses, from shipped to delivered, in the WebstaurantStore app. How to Save on Shipping at WebstaurantStore To save on shipping costs, we recommend you order in bulk, ship to a commercial address, and join the WebstaurantPlus program. Keep in mind that shipping costs are calculated based on the order's weight, dimensions, and distance shipped, not the cost of the order. Try these tips to save on shipping: 1. Ship to a Commercial Address When possible, ship your orders to a commercial address to save on shipping. Our shipping carriers provide us with a discount when we ship to commercial addresses, so we pass that savings on to you. A commercial address is defined as a location with a public entrance and posted hours of operation. 2. Buy in Bulk You can cut some shipping costs with WebstaurantStore by adding more products to your cart. WebstaurantStore is a wholesale distributor and shipping cost is not factored into the price of our items, so you may see a higher shipping cost than expected. The best way to take advantage of our wholesale prices is to purchase items in bulk. Before you check out, add lightweight items like straws, souffle cups, and napkins to your cart to maximize savings. The shipping cost for these items will be negligible. 3. Join the WebstaurantPlus Program WebstaurantPlus is a program that provides unlimited free shipping with WebstaurantStore on over 285,000 items for just $99 a month. The program is available to all United States customers (excluding Alaska and Hawaii). Find out more about the WebstaurantPlus program facts and benefits in the following useful resources: WebstaurantPlus Frequently Asked Questions Why You Should Sign Up for WebstaurantPlus Click the button below to sign up for WebstaurantPlus! Enroll in WebstaurantPlus WebstaurantStore Shipping Times Shipping times are based on whether the item is in stock, your proximity to our warehouses, and the type of delivery (ground or common carrier). We have warehouses in the following states: Delaware, Georgia, Kentucky, Maryland, Oklahoma, Pennsylvania, Nevada, and Texas. You can expect these approximate shipping times: Ground Deliveries: 1 to 7 business days Common Carrier Deliveries: 1 to 10 business days Warehouse Locations Our warehouses are strategically placed to ensure you receive your order as quickly as possible. We ship ground deliveries to 95% of the nation within two business days. We do not offer pickup services from our warehouse locations. We primarily ship with FedEx. Please note that we cannot ship on a customer's personal FedEx account. See below for ground shipping times to your state: For more information on ground delivery estimates, check out our shipping time details page. Types of Expedited Shipping If you need your order right away, we offer two expedited ground shipping options - Next Day and Second Day. Your order must be placed before 2 pm EST to ship out on the same day. Expedited shipping operates on a Monday through Friday schedule. Expedited shipping is not available for common carrier shipping. Next Day Shipping Orders As long as the item is in stock when the order is placed, Next Day orders arrive by the end of the following business day. Example: Orders placed on Monday before 2 pm EST will arrive on Tuesday before the end of the business day. Second Day Shipping Orders As long as the item is in stock when the order is placed, Second Day orders arrive by the end of the second business day. Example: Orders placed on Monday before 2 pm EST will arrive on Wednesday before the end of the business day. Common Carrier Shipping Orders that are too heavy and large to ship by FedEx will switch from ground shipping to common carrier shipping. This means your products will be palletized and shipped to you on a full-size tractor-trailer. For specific shipping times to your state, see our common carrier shipping maps. For an additional fee, you can select our lift gate option, which means the delivery truck will come equipped with a lift gate to lower your items to the ground or a shipping dock. We even offer a free call-before-delivery option where the shipper will call you the day before and provide a four-hour delivery window. Common carrier deliveries are available within the United States and Canada. For more information on common carrier shipping, check out this in-depth resource. International Shipments We primarily ship to the US and Canada, but we can ship to select international countries under certain parameters. Small parcel shipments can be shipped to the following locations: Austria, Bahamas, Bermuda, Brazil, Canada, Colombia, Dominican Republic, France, Germany, Guam, Hong Kong, India, Ireland, Italy, Jamaica, Japan, Malaysia, Mexico, Netherlands, New Zealand, Norway, Philippines, Puerto Rico, Singapore, South Africa, Spain, Sweden, Trinidad and Tobago, United Kingdom, and US Virgin Islands. Be aware that duties and taxes on international orders are not included at checkout. For larger shipments and countries not listed, we can ship to US-based freight forwarders. You are responsible for contacting the freight forwarder and setting up an account before placing your order. We are unable to ship to PO boxes, APO/FPO boxes, or Viabox at this time. If you plan to ship to a carrier terminal or store location such as a FedEx or UPS Store, please be aware that carriers will not accept deliveries from one another. If a shipping carrier deems your address inaccessible for delivery, they will make the final delivery at the closest shipping terminal or return the shipment to our warehouse. Contact Customer Solutions if you have any questions. WebstaurantStore Shipping FAQ We answer common questions about WebstaurantStore shipping times below: What Is a Drop Shipment? A drop shipment is an order that ships directly from the manufacturer instead of shipping from a WebstaurantStore warehouse. The shipping time for any drop-ship item is determined by the manufacturer, and our own shipping times do not apply. Shipping time estimates for drop-ship items are listed on product pages beneath the product overview. If you have questions about your drop-ship items, reach out to our reliable customer service team. Our Customer Solutions specialists are happy to contact the manufacturer on your behalf to check lead times and shipping estimates. What Is Considered a Commercial Address? A commercial address has a public entrance and posted hours of operation. If you run your business out of your home, this is still considered a residential address unless you have a public entrance and posted hours of operation. How Long Will It Take for My Order to Ship? For in-stock items, orders are typically processed and ready to ship within 1 to 2 business days. What If My Item Is Damaged During Shipping? If your WebstaurantStore order sustains shipping damage, be sure to contact our customer service team within 1 business day of receiving your purchase. Take pictures of the damaged item and the packaging so that our team can efficiently assist you. You can find more information in our returns and damages resource. For any additional shipping questions you may have, look at our Frequently Asked Questions page.
Restaurant Profit Margin
A restaurant’s profit margin is a standard measure of the business’s profitability, or the potential to make a profit. Terms like profit margin might seem like complex financial jargon, but the principle behind a restaurant’s profit margin is actually quite simple. No matter if you're opening a new restaurant or if you've been in business for years, understanding your profit margin potential is one of the keys to success in the industry. We’ll explain the basics of restaurant profit margins so you can apply the knowledge in your everyday operations. Click below to learn more about the net profit margin for restaurants: What Is Profit Margin? Profit Margin Formula How To Improve Restaurant Profit Margin Restaurant Profit Margin FAQs Profit Margin Calculator If you already know your restaurant's total revenue and total expenses, you can use our profit margin calculator to find out your net profit margin percentage: $ Total Revenue $ Total Expenses % Profit Margin What Is Profit Margin? Restaurant profit margin is the percentage of each dollar of sales that counts towards your profits. Every time a sale is made, the cost of expenses must be taken out of the sale. The amount of money left over after all expenses are accounted for is profit. Profit margin is simply a method to express this in a percentage. How to Calculate Profit Margin You need two figures to calculate your profit margin for restaurants: total revenue and total expenses. Total revenue is the amount of sales you’ve made from selling goods or services. Total expenses include the cost of goods sold (COGS) plus all the other costs of running your business, like operating cost, payroll, and taxes. These figures are easy to find on your restaurant profit and loss statement. With the figures in hand, subtract total expenses from total revenue to determine net profit. Next, divide net profit by total revenue and multiply the figure by 100 to get a percentage. If you own a lemonade stand and sell one cup of lemonade for $1.00 and your expenses for each cup are $0.60, you have made a profit of $0.40. Your profit margin percentage is 40%. $1.00 Total Revenue - $0.60 Total Expenses = $0.40 Profit $0.40 Profit ÷ $1.00 Total Revenue = 0.40 0.40 x 100 = 40% Profit Margin It’s easy to see profit margin at work when looking at a $1.00 sale, but what about bigger numbers? We’ll explain how to calculate profit margins in more depth below. Profit Margin Formula Calculate the profit margin for your business using the net profit margin equation below: Total Revenue - Total Expenses = Net Profit (Net Profit ÷ Total Revenue) x 100 = Net Profit Margin Here is an example of the profit margin formula at work if total revenue is $150,000 and total expenses are $138,000: Total Revenue = $150,000 Total Expenses - $138,000 $150,000 - $138,000 = $12,000 Net Profit ($12,000 ÷ $150,000) x 100 = 8 Profit Margin = 8% It would be wonderful if restaurants could keep the total revenue they make, but business finances don't work that way. That's why it's important to plan your menu pricing carefully, so your incoming revenue is always more than your total expenses. If it's not, you will lose money instead of making a profit. Don't forget that your menu prices have to cover all of your expenses, not just food cost. How To Improve Restaurant Profit Margin There are three ways to improve your restaurant profit margin: increase total revenue, decrease total expenses, or a combination of both. Increase Total Revenue - Increasing sales alone will not improve your profit margin. You need to widen the gap between total revenue and total expenses by increasing your sales and keeping expenses the same. This is the most difficult strategy to achieve because as your sales revenue increases, your expenses will likely grow as well. Decrease Expenses - Decreasing your expenses while keeping sales revenue steady is a better way to improve your profit margin. To achieve this, focus on lowering controllable expenses like cost of goods sold (COGS), labor costs, and direct operating expenses (DOE). Increase Revenue and Decrease Expenses - Increasing your sales revenue while lowering total expenses is the fastest way to improve your profit margin. How To Lower Expenses Some of your restaurant expenses are fixed, like rent and insurance, but many of your expenses can be controlled. To lower your total expenses and increase your net profit margin percentage, examine your costs in these three areas: Cost of Goods Sold - The cost of goods sold (COGS) is the direct cost to you for every item you sell. If you run a donut shop, the COGS will include the cost of all the sugar, eggs, and other ingredients you need to make the donuts. To lower your food cost, keep track of your inventory, find cost-effective food suppliers, and implement portion control. Labor Cost - Labor cost includes the wages and salaries of all your paid employees. To lower your labor cost , try reducing your employee turnover rate. The cost of training new staff members can be avoided if you use successful employee retention strategies. Direct Operating Expenses - Direct operating expense (DOE) covers all the items you need to run your business on a daily basis, excluding food cost. Cleaning supplies, paper goods, and disposables all fall under direct operating expenses. The cost for these types of items can add up, so it's important to keep track of your expenditures. Working with a wholesale supplier that offers quantity pricing, membership programs, and free shipping can help to lower your direct operating costs. Restaurant Profit Margin FAQs Learn the answers to common restaurant profit margin questions below: What Is the Average Profit Margin for Restaurants? The average net profit margin for restaurants is reported to range from 2% to 6%. However, each type of restaurant has its own average profit margin, so it's possible that a business may have a higher or lower percentage than the reported average. Full-service restaurants operate at the lower end of the average, while quick-service restaurants operate at the higher end. These foodservice businesses have the potential to operate with a higher profit margin than the average full-service restaurant: Fast Food Restaurants - The average profit margin for fast food restaurants is 6% to 9% because of lower food cost and labor cost. Food Trucks - The average profit margin for food trucks is 6% to 9% due to low overhead costs like rent and utilities. Catering Businesses - The average profit margin for caterers is 7% to 8% because, just like food trucks, catering businesses have lower overhead costs. What Is a Good Profit Margin? The higher the profit margin, the greater your profit will be and the more quickly it adds up. Because restaurants operate at a lower profit margin than most other businesses, a good profit margin in foodservice could fall in the 5% to 15% range. What Is Net Profit Margin? Net profit margin is the percentage of profit vs. total sales after all expenses have been accounted for, including the cost of goods sold, labor cost, and operating expenses. What Is Gross Profit Margin? Gross profit margin is the percentage of profit vs. total sales after the cost of goods sold has been accounted for. The gross profit margin percentage doesn't account for other expenses, like labor cost or operating expenses. Profit margin is a basic financial concept that helps business owners to gauge the profitability of their restaurant. No matter how many customers are served, if the net profit margin percentage is too low, the amount of profit from each sale will be negligible. Improving the net profit margin helps your restaurant to make more money off each sale and increase your overall profit.
