Lakewood Steak House: $19,200 in reported annual savings
Lakewood Steak House is a high-volume steakhouse processing $123K/month. They'd been on Toast and the costs were staggering — but the real frustration was Toast's limited feature set. They wanted tableside ordering, advanced course management, and real-time analytics. Toast couldn't deliver without expensive add-ons that pushed their monthly software fees to $599. Add $490 in equipment financing and $218 in junk fees, and their monthly bill was over $5,000. Derived showed them Square Premium — everything they wanted, at a price that still saved them $19K a year.
Fees before
Fees after
Card processing cost reduced significantly
Toast was charging $3,729/month to process cards. Square Premium brought that down to $3,287/month — $442/month saved on processing.
Software fees cut from $599 to $149/month
Toast was charging $599/month in software and add-on fees. Square Premium: $149/month for more features. Savings: $450/month.
Free equipment replaced financed hardware
New Square terminals provided at no cost. Eliminated $490/month in Toast hardware financing.
Eliminated all junk fees
PCI, statement, batch, and miscellaneous charges — $218/month in waste removed.
“We didn't just want cheaper — we wanted better. Toast couldn't give us tableside ordering without charging a fortune. Square Premium delivered everything we needed and still saved us $1,600 a month.” — Lakewood Steak House team, Steakhouse
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