Established in 1714, this Three Century Old Inn seeks to Validate Best Pricing Practices

Trimming the Fat

The William Penn Inn is the oldest continuously operating restaurant/inn in the state of Pennsylvania. Around 1700, Governor William Penn and his 22 year old daughter, Letitia, spent time at the Inn after visiting the Quaker Church across the street on their way to Philadelphia.

The owners’ success comes from a menu based on high quality products. The objective was to maintain that quality at the best industry pricing available.

They brought Food Service and Merchant Card Consultants from Expense Reduction Analysts (ERA) to the table.

ERA: Advisors, Analysts, and Advocates

 

ERA helps organizations improve profitability through cost, purchase and supplier management. What makes ERA different is a proven process and industry-specific knowledge that drives savings and growth.

ERA Food Service experts thoroughly analyzed the client’s purchases and prepared a “market basket” representing 80% of their spend. This information was included in a detailed Request for Proposal sent to broadline suppliers that allowed like-for-like pricing comparisons in specific categories, including dry grocery, meat/poultry, dairy refrigeration, frozen and seafood.

With Merchant Card Fees, ERA was able to reduce pricing and eliminate downgrades while remaining with their current processors/POS provider.

As in every ERA project, Consultants seek the best value-for- money offer to find the “best fit” for their clients.

"ERA's process was painless. They performed as originally stated. Their monthly audit reports are timely and give me the confidence that our pricing is the best in the industry." - Peter R. Friedrich, Owner of The William Penn Inn

"Their reports allow me to track the monthly prices for my main food products which are highlighted with graphs." - Jeff Bell, Head Chef at The William Penn Inn

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