Buying a pub/bar – The day of acquisition
Today I wanted to talk to you about the day that you actually take over your new pub or bar. On the day you will need to have your stock valued, so that means as soon as you have a date from your solicitors, you need to be booking at a stock taker. Especially […]
The Main Parts Of Our Stocktaking Service
As stocktakers for the catering and hospitality industry, we are often asked what we actually do and the stocktaking service we offer. We thought we would take this opportunity to explain the four main parts of our stocktaking services so people can better understand exactly what we do, and how we do it.
What To Do Once You’ve Chosen Your Pub/Bar?
Today I want to talk about what you need to do when you’ve found your ideal pub or bar. At this point you’ve viewed the property decided you like it and you think you can afford it. The next stage that you’re probably going to have to take is proving your idea. First thing is […]
First Steps In Owning A Pub
Today I want to talk to you about your next steps to take when your going about opening or owning a pub. At this point: You’ve looked at your finances You’ve decided what you can afford You’ve decided what kind of model you want (read more here) If you’re new to the trade, one tip […]
Business Planning and KPI
Today I want to talk about business planning. December in the hospitality business is really mad, you’re flat out, you’ve got no chance of reviewing last year let alone planning for this year. A lot of other industries spend December to January, doing all their reviews of the previous year and they’re planning for the […]
Why You Need A Well-Structured Stocktaking Process
As professional independent stocktakers we would recommend that a stocktake is completed at least once a month. For many catering and hospitality businesses this tends to be completed at the end of the month. The reason that a well-structured stocktaking process is required is because this is when you find can identify any stock discrepancies, […]
What Does ‘Taking Stock’ Mean?
‘Taking Stock’ is another way of saying stocktaking or completing an inventory. It is a process of counting the amount of stock in your hospitality or catering business. The stock counted will include things like food, drink, linen, cleaning products and other items. The quantities of stock are then matched against the cost of each […]
Seasonal Stock Management
Seasonal stock management is a major area of stock management for nearly all catering and hospitality businesses. It is only normal that the mere thought of stock seasonal management is enough to give any catering or hospitality business owner a headache. Of course you can look at previous years business to predict the seasonal highs […]