5 signs your hospitality venue is overpaying for water

5 signs your hospitality venue is overpaying for water

Many hospitality venues are overpaying for water without realising it. Here are five signs your business may be overspending. 

Hotels, pubs, restaurants and coffee shops have all seen rises in utility costs over the past year. While energy prices are usually at the centre of the conversation, water bills are frequently overlooked with many venues not realising they’re overspending.

However, water usage can (and usually does) put a dent into profits, so in times when every penny counts, there are five warning signs to look out for.

Sign 1: Your water bills keep increasing without explanation

If your water bill is increasing month-by-month, this is something that requires immediate attention. While seasonal changes are normal, a consistent rise in monthly water bills could be a sign that your your premises is suffering from one or more leak. It’s important to address this as soon as possible and the best way to do this is either through regular bill reviews, benchmarking or by booking a water audit.

Sign 2: You haven’t reviewed your water contract in years

We get it. It might seem that staying with the same water retailer is easier and more convenient but this is something that could be hurting your business and lead to overpayment. Outdated contracts and poor tariff rates could be the price your hospitality business is paying for convenience. Not all businesses know this, but comparing business water prices and switching suppliers is easier than you might think – it can be done with minimal disruption and lead to significant cost savings.

Sign 3: Your venue has old or inefficient equipment

If your premises was built some time ago, it might be time for a refresh. Outdated systems such as older toilets, dishwashers and appliances can lead to significant water wastage. The good news is that sustainable upgrades are a low to moderate investment. Think low-flow tap aerators, dual flush toilet conversion kits and smart water sensors. These upgrades will not only save on your water bill but also contribute to a wider sustainability goals – something that is of increasing importance to a modern day customer.

Sign 4: You’re paying for water you’re not using

Hidden leaks are more common than you might think. More importantly, small leaks add up over time which leads to hospitality venues overpaying for water. Aside from securing a competitive contract, the best way to get control over rising business water prices is to install a smart water meter and use it to inform water conservation initiatives such as the installation of flow regulators.

Sign 5: Water management isn’t part of your cost strategy

It’s not unusual for water usage to slip through the cracks in the utility bill. Naturally, the attention is usually drawn to energy first. However, without proactive management in place to monitor and control water usage, hospitality venues often struggle to control their overheads. Sometimes it’s as simple as setting up a reminder to go over the utility bill thoroughly is all it takes to take action towards a more cost-effective future.

If you suspect that your hospitality business might be overpaying for water, know that there are options and now, more than ever, it’s crucial to explore them.

There are a number of ways our friendly team at Everflow can help you. It all starts with a conversation, a water review and an assessment of current water usage and billing. Get in touch with us today to reduce water waste, lower bills and improve water efficiency across your site.

Contact Everflow today!

At Everflow, our goal is to make your utilities simpler – we ensure you get great-value contracts that are tailored to your needs and easy to manage. Get a bespoke quote using the link below.