There is no getting away from the fact that the eating and drinking-out sector is being challenged as never before. The much-publicised cost pressures and new regulatory challenges make it inevitable that profit margins will be squeezed…there is a limit to how far pricing and menu engineering can compensate.
Despite these challenges, many multi-site operators continue to expand, albeit in a more careful and considered manner than earlier in the cycle. The reality is that owners will now be faced with returns on investment that have fallen back from the levels seen by successful operators through much of the past 10 years. They will however remain at healthy levels when compared to many other industries.
Some business plans will undoubtedly need to be rewritten. We’ve assembled an experienced team offering first-hand knowledge of the issues facing the sector. We will share and deploy sector insight and expertise thereby allowing you to focus on your day job and realise the full potential of your business.
How we’ve helped our clients
We’ve helped our clients with entrepreneurial growth, acquisition or securing external funding, for example:
Our Corporate finance, tax and VAT teams worked with Mowgli, the Indian street food restaurant group, on securing £3.45m in expansion funding from Foresight Group, to support the business’s roll-out of restaurants across the UK.
Financial due diligence
We’ve recently advised Drake & Morgan on the acquisition of 11 London wine bars and restaurants from Corney & Barrow and the Brasserie Blanc group on securing a £20m facility from Oaknorth to finance the roll-out of new sites.
Navigating tax pitfalls
We support leisure and hospitality businesses with payroll tax compliance, indirect tax reviews and employment tax reviews, particularly TRONC compliance.
We sponsor the Peach Coffer Business Tracker which provides a monthly temperature check on the sector.
We are members of the ALMR and are actively engaging with them as they continue to work alongside their members and the relevant trade unions in consulting the government on industry issues in the UK.
Contact a member of our team today to discuss your strategic plans.