Building on its success and growing venue count, hospitality buyer group Food Stax is expanding through the eastern states.
Food Stax is a free collective for hospitality venues, with the purpose to enable its independent members to operate locally under a strong national group, giving them the power to leverage scale, to reduce cost of goods and increase profitability.
It is free for venues, and 100 per cent of profit is returned to members.
The company was launched mid-2022, on the back of the success of Liquor Stax.
Initiated in Sydney and surrounding areas, it has grown to more than 100 venues and saved members millions of dollars. Savings vary, depending on base pricing versus the Food Stax negotiated price.
Since joining, Marlow Hotel Group reports it has enjoyed increased gross profit margin across all of its bistro operations, by using the preferred suppliers.
“The chefs are happy and his executive chef has saved a lot of time with negotiating, checking pricing, to focus on other parts of the bistro operations,” says group director, Jason Marlow.
“We are in it for the long haul and look forward to partnering with Food Stax for many years to come.”
This month Food Stax has begun expanding into regional NSW, Queensland and Victoria, looking to venues with annual food spend north of $100k.
As part of the buyer group, the company says using its preferred suppliers will maximise a venue’s potential saving. But Food Stax is not exclusive, and operators choose the suppliers they want.
“Which means no change in your ordering method,” says head of procurement, Charlie McAllister.
Data provided shows multiple regional groups, with annual contracts on the likes of red meat, f&v, poultry, distribution and ‘non-food’ in ranges from $120k – $2.175m, finding savings ranging from 2 per cent to 19 per cent.
“Any pub or club operator would benefit from Food Stax as their procurement partner for food purchases, and consumables and packaging,” states McAllister.
