Being a restaurant owner can be a great personal and professional achievement. Seeing your business grow into a reputable and quality locale for people to share great food and good memories can be very rewarding, but it isn’t without its difficulties.
The hospitality industry can be very competitive and yield small profit margins that may hinge on a precarious balance of maintaining reasonable prices with employing and keeping qualified and happy personnel.
What Does a Hospitality Consultant Do?
In brief, a hospitality consultant is an expert in increasing the profitability and other various business aspects commonly found in the hospitality industry. By formulating strategic business choices that work for your specific needs, a hospitality consultant knows how to leverage the performance of your restaurant and its staff and can provide you with practical and realistic solutions.
Some common tasks include training employees, assessing your finances and accounting, applying the procurement leverage effect, streamlining your menus, improving your restaurant’s design and curb appeal, and boosting sales and marketing campaigns.
What’s the ROI for my Business?
A small investment in hospitality consulting can go a long way to boosting long-term revenues, but there’s far more to it than just the financial part of the equation. Hospitality consultants can provide you with a critical assessment of your restaurant and help you achieve the goals you’d like to set, but you’ll need to enact and enforce change within your business if you’d like to see the effects. Much like adhering to a strict diet or workout regime, you’ll need to be disciplined and hard-working to realise positive changes in your business.
For example, our hospitality consulting services helped the Country QLD Club go from a $5,000 turnover to over $75,000 in weekly revenues over a period of nine months! We’ve also helped the Country NSW Pub more than double its equity value to $3.5m during a nine-month consultancy.
How Do I Get Started?
Now that you know what a hospitality consultant can do for your business, don’t delay and contact a qualified hospitality consultant near you. The first step is to arrange for a meeting, where we’ll be able to have a good look at your restaurant and so that we can better understand your own personal needs.
Every restaurant owner has different needs, so you’ll have the opportunity to inquire with us about the feasibility and means of achieving your own goals. For example, your restaurant may have a great reputation, but you’re not maximising the power of marketing and advertising, so you’re potentially losing a lot of business to competitors simply because potential customers aren’t aware of your restaurant. Or perhaps you’re struggling to maintain your profit margins and need help to negotiate for more efficient suppliers which can yield increased revenues.
If you’re having difficulties training and finding the right kind of staff, and any restaurant owner has surely gone through this, a hospitality consultant can be there to assist you every step of the way.
Contact C & D Restructure and Taxation Advisory
C & D Restructure and Taxation Advisory has been proudly assisting the hospitality industry in Queensland and NSW for over 45 years, so you can rest assured that our qualified hospitality consultants will provide you with the best service possible to make your restaurant not only survive but to thrive.
Whether you’re looking for professional guidance or a short-term management solution, don’t hesitate to contact us. We’re always happy to help.