The hospitality industry is continually changing, and there is no simple formula for long term success. However, Bespoke Hospitality's broad industry knowledge and experience can put you a step ahead of the competition. Here's ways we can help you:
DUE DILIGENCE & PREPARATION
- A quick process and confidential process.
- Strong Understanding of Hospitality Financials.
- Applying that unique knowledge to verify Vendors Financials.
- Understanding the time sequence of a purchase and key information for a no stress settlement.
- Thoroughly Verifying all lease agreements, Licenses and identifying potential hidden costs.
- Trial periods can cause damage to your Goodwill if not approached in a correct manner.
- All Due diligence completed prior to Signed Heads of Agreement and not during a Trial period.
- Ensuring a seamless & stress free transition once settlement Has taken place.
Site Selection & Lease Procurement
- Advice & negotiating Favourable terms to ensure a strong lease, using real estate metrics.
- Ensuring all terms of the lease are sound without any future hidden traps or ongoing escalating costs.
- Protect your goodwill with a sound lease controlled through strategic options.
- Strong sound leases ensure a more efficient sale in the future with very limited interference from landlords.
CONCEPT DEVELOPMENT
- Advice on the concept development and if its location is a good fit.
- Creating “Real” Budgets and costings.
- Contingency plan.
- Maximum value on fit out costs.
- Reduce the risk of overcapitalising, a major factor in Hospitality business failures.
- Appointing Hospitality proven builders & designers.
- Hands on Project Management services
MARKETING AND BRANDING
- Brand Development & Application
- Social media channel strategy
- Social media advertising strategy
- Offline marketing & promotions.
OPERATIONS, MANAGEMENT & METRICS
- Tailor made Business metrics for your business.
- Training Management on Business Metrics.
- Kitchen sequence sequence of service and cost management.
- Food & Beverage sequence of service and cost management.
- General Operation Advice.
- Cost of Goods sold & Margin analysis.
- Identifying cost blow outs beforehand and implementing solutions
- A strong emphasis on customer service
Business Health Check & Selling Your Business
- P&L analysis and general health check prior to sale.
- Independent advice not business broker related.
- Achieving the right sale price as soon as possible.
- Advice on the sequence of selling a hospitality venue.
- Strategies to ensure Sale occurs on the scheduled settlement date.
- Appointing proven Hospitality professionals to ensure no costly settlement delays.
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Bespoke Hospitality’s broad industry knowledge and experience can put you a step ahead of the competition.