Restaurants are starting to see bucks in beverages. And well they should. On average, 22% of those who have been to a fast-food restaurant in the past month and participated in a Mintel survey for the upcoming Quick Service Restaurants—September 2011 report said they often consider the beverage selection at a restaurant when deciding where to dine. By age, 25-44s are most likely to ponder beverages—at nearly 30%.
I’m not sure when restaurants started to realize that improved profits weren’t the sole responsibility of expensive menu R&D. But some restaurants have been quietly wowing customers with great liquid flavors, and charging a nice premium for it.
The Cheesecake Factory has long served strawberry and raspberry lemonade, which is exceptionally tasty (compared to McDonald’s new strawberry lemonade) because the Cheesecake Factory uses fruit puree rather than syrup.
However, speaking of McDonald’s, it credits its new interesting beverages for a 5.1% increase in global same-store sales.
Flavored teas are certainly part of the ramped-up restaurant beverage trend, which may have been started by such beverage-centric behemoths as Jamba Juice and Starbucks. Jamba Juice offers three exotic fruit tea infusions (passion fruit, pomegranate and prickly pear), while Starbucks goes every which direction with beverages.
This summer, Jamba Juice came out with a limited-time offer of frozen beverages called Fruit Refreshers that featured coconut water and one of three flavors—pineapple, strawberry lemonade and tropical mango.
Even if a restaurant’s beverage bevy is limited to soft drinks, there’s plenty of expansion opportunity, especially with Coca-Cola’s pretty new Freestyle machine. (Theirs was my favorite booth at the National Restaurant Association expo in Chicago in May.) Just within Diet Cokes, the choices are refreshing (diet vanilla, raspberry, cherry, orange, etc.) And, imagine mixing them, as I did—diet vanilla with diet orange. It’s not your average Coke.
Besides hot dogs, Sonic has differentiated itself with beverages—boasting on its menu “Your Ultimate Drink Stop.” I wonder how many people choose Sonic simply because it’s the only place they can get any of six limeade flavors or one of four Real Fruit Slushes or seven Famous Slushes…
Even with all this, I think beverages are flying under the radar when analysts examine restaurant trends. I think beverage variety will continue to increase, profits will be made and customers will like what they taste.
What do you think?
Jody