New Product
"We make great coffee, and have great loyal customers,
so where's the profit" ?
A Profitability Checkup will give you the answer?
When it comes to the hospitality business, most of us know how to make coffee, great food , and offer friendly service.
What we may not know is whether we are making money or just keeping people happy.
Updating your books to see if your making money is the type of business exercise that we often think we will do at home after work when we're not "busy", or being distracted by other "stuff"!
Or, we convince ourselves we know the costs and what makes profit, because we're the ones at work all the time.
If you are in business then profit is usually a big driver (though not always the only one) of why you are there, so it's good to know what's happening.
A "Hospitality Profitability" Checkup puts some reality into your business planning and performance, with real numbers and ideas to make your business more profitable.
Your "Profitability Checkup" becomes an essential part of your Total Business Plan and will set you on the path to improved returns on your investment.
Whether your just getting started or have been in business for awhile, your Hospitality Profitability Checkup will add value to your business.
What you can expect:
An independent review applying relevant key measures to your current business setup and operation.
A structured plan for profit that can be integrated into your overall business plan.
Implementation strategy and follow up with targets and measures
What we will do:
On site meetings with you or your management team to review revenue and expenditure systems and reports.
Analysis of business levels, product sales, and overhead costs.
Development of customised product mix and costings and labour resource models.
A Profitability Checkup report highlighting opportunities to improve profits that works in harmony with other areas of your business plan and your personal goals.
An implementation strategy to put new ideas in place with follow up and review to keep things on target for greater profits.
With a professional background as an accountant and 19 years of experience as a business owner in the New Zealand hospitality industry, we'll get down to the detail of what makes a great hospitality business profitable.
Contact Counting the Beans to find out how we can work to make your business more profitable, and valuable.