ProfitRover’s customers are largely businesses that have physical locations, hourly employees and set pricing (as opposed to custom-quoted pricing). We work with small business (single-location) owners as well as franchisee / multi-location owners:
Small Business Owners
Many small business owners do not have dedicated analysts on their teams, so ProfitRover helps them uncover insights at a fraction of the cost it would take to hire someone to perform analyses for them. Often it’s the business owner who is reviewing our insights and acting upon them to ensure they’re optimizing their businesses.
Franchisees
Franchisees often have larger teams to help them optimize their businesses. ProfitRover helps franchisees look across all their locations to uncover opportunities, reducing the amount of time their teams are doing data analysis so they can spend more of their time focusing on new growth initiatives.
Here’s How Businesses Are Using ProfitRover
Food Service
(Restaurants, Bars, Breweries, Cafes, Coffee Shops, Food Trucks)
ProfitRover helps food service customers with:
- Staffing: Optimize their front-of-house to ensure they have the appropriate headcount and that they’re maximizing employee tips. The forecasting algorithms that are driving our staffing recommendations are looking at upcoming holidays, special events and weather forecasts to ensure you’re not caught by surprise by unexpected peak or off-peak periods.
- Pricing: Update their menu pricing (typically on a quarterly or semi-annual basis) to ensure they’re appropriately valuing their offerings and maximizing overall revenue. Those with digital menu boards even explore weekday vs. weekend pricing.
- Hours of Operation: Tweak their hours of operation based on revenue forecasts, recent trends and seasonal patterns to ensure they’re open when they should be. In many cases, that can mean moving from standardized open/close times to operating hours that vary by weekday vs. weekend or by day of week. Some customers even use this to refine the hours of operation specifically for their bar, their kitchen, their cafe, etc.
- Forecasting: Inform their inventory / procurement decisions with our product-level sales forecasts. Our forecasts can tell you how many burgers we expect you to sell this weekend so you can make sure you have enough ground beef on hand to meet your demand.
Personal Care Services
(Hair / Nail / Beauty Salons, Barber Shops, Massage / Spa, Pet Services)
ProfitRover helps Personal Care customers with:
- Staffing: Predict demand for their various services so they know how to staff accordingly
- Pricing: Update their pricing to maximize their revenue, including exploring going from fixed pricing to weekday/weekend pricing or peak vs. off-peak pricing for those with digital signage.
- Hours of Operation: Tweak their hours of operation based on revenue forecasts, recent trends and seasonal patterns to ensure they’re open when they should be. In many cases, that can mean moving from standardized open/close times to operating hours that vary by weekday vs. weekend or by day of week.
- Forecasting: Leverage our sales forecasts to inform purchasing decisions for their retail products
Arts, Entertainment & Recreation
(Zoos, Aquariums, Museums, Family Entertainment Centers, Bowling, Theme Parks)
ProfitRover helps Entertainment customers with:
- Staffing: Our forecasts take into account things like holidays and weather, so if your indoor fun house sees boosts in demand on particularly hot days, our forecasts will recognize this and recommend heightened staffing.
- Pricing: Optimize their admission prices, taking into account factors like average ancillary spend per guest to determine the admission prices that will optimize overall revenue. We can also help evaluate moving to peak vs. off-peak pricing, weekday vs. weekend pricing, pricing by day of week, and pricing by day part, among others. Additionally, we can help price food and beverage, games, merchandise and other types of products.
- Hours of Operation: Tweak their hours of operation to maximize their revenue per hour. For our larger, more complex customers, that can mean adjusting overall open hours, as well as the open hours for their shops, restaurants and other sub-offerings.
- Forecasting: Inform their purchasing decisions when it comes to food service and merchandise. Our customers leverage our product-level sales forecasts to ensure they have enough inventory to meet demand.
Retail
(Grocery, Specialty Foods, Clothing, Boutiques)
ProfitRover helps retail customers with:
- Staffing: Our sales forecasts take into account holidays and seasonality, and help our customers predict how busy they will be so they can plan their staffing accordingly.
- Pricing: Many retailers traditionally think about pricing as cost-plus; our engines provide value-driven pricing so that customers can optimize their profits by determining which products to increase or decrease margins.
- Hours of Operation: Tweak their hours of operation based on revenue forecasts, recent trends and seasonal patterns to ensure they’re open when they should be. In many cases, that can mean moving from standardized open/close times to operating hours that vary by weekday vs. weekend or by day of week.
- Forecasting: Our product-level sales forecasting help retailers proactively manage their inventory to avoid overstocking and stock outs.
Ready to see what ProfitRover can do for your business?
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