Smart financial management for independent restaurants, pubs, hotels and catering businesses designed to monitor and improve both business performance and profitability.
Organisations in the hospitality sector tend to operate in a very competitive marketplace that is sensitive to the economic climate. We find common issues include:
- Seasonal trading patterns and a lack of access to sufficient credit during quieter periods
- The treatment of tips, staff benefits and VAT that if not done correctly can result in an unwanted tax bill
- Difficulty in raising finance to fund expansion in terms of a new site or refurbishment of an existing site
- Maintaining margins in the face of rising food prices
- Compliance in relation to recruiting staff and health & safety