Why Food Stocktaking is Essential for Pubs & Restaurants
Introduction Food stocktaking is often overlooked in busy pubs and restaurants, yet it plays a crucial role in profitability and efficiency. Without proper stock control, businesses face excessive food waste, over-ordering, and shrinking profit margins. This blog explores why food stocktaking is essential and how it can transform your business operations. 1. Reduces Food Waste […]
Understanding Food GP% – Why It’s Vital for Profitability
Week 1: Understanding Food GP% – Why It’s Vital for Profitability What is Food GP%? Food Gross Profit Percentage (GP%) is a key metric in hospitality, measuring how much profit is made on food sales after deducting ingredient costs. A strong GP% ensures your business covers operational costs and remains profitable. How to Calculate Food […]
How Can Pubs & Nightclubs Use Their Space During Non-Core Operating Hours To Generate Revenue?
Pubs and nightclubs can maximise revenue by utilising their spaces during non-core hours with creative, community-driven, and business-focused initiatives. Here are some ideas: Daytime Café or Co-Working Space Transform the venue into a co-working hub with high-speed Wi-Fi, coffee, and light snacks. Offer meeting space rentals for freelancers and remote workers. Provide networking events or […]
How Hospitality Businesses Can Mitigate the April 2025 NIC Increase
With Employer National Insurance Contributions (NICs) rising from 13.8% to 15% in April 2025 and the secondary threshold dropping from £9,100 to £5,000, businesses—especially in hospitality and retail—must act now to manage the additional costs. Here’s how to reduce your NIC liability and protect your bottom line. Maximise the Employment Allowance The Employment Allowance […]
How Rising Supplier Costs Impact Your Bottom Line & How to Adapt
In the ever-evolving world of hospitality and retail, one constant challenge is rising supplier costs. Whether it’s due to inflation, increased production expenses, or supply chain disruptions, businesses in the licensed trade are facing higher costs for everything—from alcohol and food to operational supplies. Without a strategic response, these rising costs can eat into your […]
Why use a stocktaker to improve the profitability of your convenience store in the UK?
Using a stocktaker can significantly improve the profitability of a convenience store in the UK for several reasons: 1. Accurate Inventory Management: Reduce Shrinkage: A stocktaker helps identify and reduce stock losses due to theft, damage, or errors, which can otherwise eat into profits. Optimized Stock Levels: By ensuring accurate inventory records, stocktakers help maintain […]
Why Use a Stocktaker In My Nightclub?
Using a stocktaker in your nightclub can provide several benefits and help you manage your business more efficiently. Here are some reasons why you might consider hiring a stocktaker: Stock Accuracy: Stocktakers specialise in accurately counting and recording your stock. They use professional techniques and technology to ensure precise measurements, reducing the chances of errors […]
Common Causes of Stock Loss
Here at Sterling Stock Auditors we help businesses within the restaurant, hotel and catering trades keep track of their stock. However, when completing a stocktake and sharing the audit with the client, we notice stock losses. There are many reasons for this. In this blog post we share the most common causes of stock loss, […]
Why A Catering Business Should Carry Out Stocktakes
As independent stocktakers we speak to a lot of catering business owners that are unsure why they should carry out stocktakes. This is an extremely common question asked by those in the catering and hospitality businesses, so we thought we would answer it in this blog post. We have put together three reasons why you […]
Increasing Your Pub Margins
If you are a pub or bar owner it is only normal that you will want to find ways of increasing your pub margins. In order to run a successful business there are many factors to consider. One of these most important factors is your pub margins. Your stocktaking routine is one of the key […]