The Stocktaking Sweet Spot – How Often Is ‘Just Right’?
Weekly, Monthly, or Somewhere in Between? Find Your Food Stocktaking Rhythm Welcome to Blog 3 in our series: Better Stock, Better Profits: Smarter Food Management for Pubs & RestaurantsIn this post, we’re tackling one of the most common stocktaking dilemmas: how often should you actually be doing it? Whether you run a wet-led pub, a […]
How to Take Stock Without Losing Your Mind (or Your Weekend)
Better Stock, Better Profits: Smarter Food Management for Pubs & Restaurants – Blog 2 By Sterling Stock Auditors Running a hospitality business is hard enough. The last thing you want is to spend your precious weekend wrestling with spreadsheets, counting half-empty bottles, and second-guessing food costs. Yet for pubs and restaurants, stocktaking is one of […]
The Hidden Costs of Poor Stock Management in Hospitality
In the fast-paced world of hospitality, every penny counts. Yet, poor stock management continues to quietly drain profits from many restaurants and pubs. While daily operations keep staff busy, overlooking stock control can lead to significant — and often hidden — costs.
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 […]
How Can Nightclubs and Music Events Claim R&D Tax Credits in the UK
In the UK, Research and Development (R&D) tax credits can be claimed by companies engaged in R&D activities that seek to achieve an advance in science or technology. Nightclubs and music events may not initially seem like candidates for R&D tax relief, but there are certain activities within the music and entertainment sectors that could […]
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 […]
Know Your Numbers
Today I want to talk to you about knowing your numbers. Why is this important? At the moment we’ve seen an increase in the alcohol Duty. We’ve seen rising inflation in the food prices & cost prices. Unless you know your numbers you don’t know how you’re able to manipulate your selling prices to keep […]
What do I need to run a pub in England & Wales?
Today I want to talk to you about what you need to run a pub in England & Wales. The first thing to look at is a premises license. If you’re taking over an existing premises… which is licensed. You need to look at the premises license, check any restrictions on it. If they meet […]