Why Stocktaking is Essential for Leicester & East Midlands Hospitality Businesses
Leicester and the East Midlands are experiencing a hospitality boom. In 2023 alone, over 31 million people visited Leicester and Leicestershire, contributing a record £2.39 billion to the local economy—a 15.5% increase on the previous year. The region’s reputation as a vibrant destination for food, drink, and culture continues to grow, with new venues opening and established businesses welcoming […]
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 […]