Harnessing Local Market Trends
Toast Benchmarking offers restaurants a valuable tool to gain insights into local market trends, empowering them to capitalize on emerging trends and plan ahead strategically. By tapping into a network of over 127,000 restaurants, Toast Benchmarking provides powerful comparative insights driven by real data from Toast establishments. This data allows restaurant owners and operators to make informed decisions based on comprehensive item-level comparisons, including sales, volume, and pricing analysis for their entire menu.
Operational Excellence Through Data-driven Decisions
Through Toast Benchmarking, restaurants can access operational insights that enable them to make informed decisions based on hourly sales and volume data specific to their local market. By understanding how items are trending year over year, operators can stay ahead of key trends in the industry. This tool not only helps identify trends but also provides actionable insights with comparative sales and operational data, allowing restaurants to fine-tune their strategies for success.
Customized Peer Comparison and Market Analysis
With Toast Benchmarking, restaurants have the ability to define their own peer set for comparison, ensuring that they are benchmarking against relevant establishments that align with their business goals. Whether analyzing sales and traffic trends in their local market or exploring neighboring markets, Toast Benchmarking allows users to slice and dice data to gain a comprehensive understanding of their business performance. Leveraging insights from over 110,000 top restaurants, Toast Benchmarking provides a robust data set that is continuously updated and delivered weekly, requiring no additional effort on the user's part.
Synergistic Integration with Toast Solutions
Toast Benchmarking integrates seamlessly with other Toast solutions, unlocking the full potential of the platform for restaurant operators. By combining Benchmarking with Online Ordering, restaurants can grow their business online while retaining profits and guest relationships with commission-free online ordering. Additionally, Benchmarking can be paired with Reporting and Analytics tools to monitor performance and manage staffing efficiently. With over 200 partner integrations available, Toast Benchmarking enhances the overall operational efficiency and performance of restaurants.