How to Reduce Theft, Vandalism and Employee Fraud in Your Restaurant
The restaurant industry is becoming increasingly competitive, particularly with disruptors, such as Door Dash and Uber Eats, changing the way consumers engage with the food service industry. As a result, both chain and independent restaurants have struggled over the past few years, with many restaurant businesses closing down. To stay competitive, loss prevention is crucial. In fact, internal and external theft, as well as other forms of crime, can considerably harm the profitability of your business. While statistics are few and far between in regards to crime in the restaurant industry, employee theft in the US alone totals between $3 and $6 billion dollars each year, while the US National Restaurant Association claims around 4 percent of all restaurant revenue is lost to in-house theft. And that’s not even including external theft. Criminal damage and theft at your restaurant, whether internal or external, lower profits and increases the odds that your business will fail. Thankfully, however,...