Financial Management

Smiling business man working at cafe

Diary use & Clear Communication using Cellphone Reminders

The following notes below are all very good reasons why you should utilize a management communication diary: Diary = Communication system = All management = Same page = Same Picture Write clear and use one line at a time per sentence. When tasks or Jobs are done tick them off and contra sign. WhatsApp groups […]

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Restaurant Broker - Young businessman in suit sitting in cafe bar and talking on the phone

Hospitality and Restaurant Brokers Facilitate a Variety of Business Skills

This person comes with a specially kitted experiential toolbox and is not a one-trick pony! These Specialist Brokers are relationship builders who ensure customer satisfaction. They exhibit excellent interpersonal skills and are enthusiastic, persuasive, and likeable communicators. The Specialist Broker did not become one by accident and every morning before he dresses up in the

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Restaurant broker shaking hands

Puzzle pieces that a Specialised Hospitality and Restaurant Broker will have to paste together – Part 4

The People. This is certainly the most crucial part of purchasing a business. The people that will make a difference between a profit or a loss! Before purchasing any business, ensure to write into your agreement that you work shifts in the business that you are purchasing. The employees do not need to know who

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Restaurant brokers shaking hands in restaurant

Crucial Financial Mistakes before expecting a Broker to sell your Restaurant or Hospitality Business – Part 4

Liabilities and Assets. There is not much to say about liabilities exceeding your assets. It is a ratio that needs to be rectified and managed continuously unless you want to go out of business.  You have liabilities, and you have assets in every business. When your liabilities exceed your assets, there are red flags and

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coffee mug on a wooden desk and restaurant brokers shaking hands

Puzzle pieces that a Specialised Hospitality and Restaurant Broker will have to paste together – Part 3

The Food and Beverage Stock. Saleable stock is the food products and alcohol products, that the buyer will have on hand when the handover closes. If the buyer is buying a going-concern business, the buyer will most likely want to keep the existing saleable stock at the close of the handover. Wiki, the definition of

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Restaurant brokers shaking hands in restaurant

Puzzle pieces that a Specialised Hospitality and Restaurant Broker will have to paste together – Part 2

The Contracts, responsibilities, and cooling-off periods. One of the most important parts of the sale is the premises lease. It is the broker’s responsibility to work closely with the buyer and landlord in negotiating either an assignment of the existing lease, an assignment and modification of the existing lease, or a new lease. Always consider

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Restaurant broker shaking hands

Puzzle pieces that a Specialised Hospitality and Restaurant Broker will have to paste together – Part 1

Initial tasks, gathering and assessing. The specialist broker’s reputation depends on the quality and accuracy of the information that is required to facilitate a purchase and sale agreement. The base of all the hard work to follow is based on the quality and accuracy of the foundation search. Establish the Value of the Business.  The

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Chef examining his food orders

Do You Know Where Your Stock is Moving to Next?

Once weekly stock counts are completed it is possible for the manager responsible for this task to establish what stock items need to be ordered for the coming week to ensure complete availability of menu items. This blog ignores the fact that there could be stock variances and other procedures to follow that are not

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waitress and cooking team at kitchen

Portion Control & Production Staff Duties

Consistency is the name of the game. If your portion sizes vary from one day to another or from one shift to another you will have guests that realize there is inconsistency and you will create complaints. Secondly, you will have fluctuating food costs from week to week, and your cash flow will be a

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Waitron, Service, Motivation & Flow

Meeting & Greeting Guests People buy from people they like. You need to think fast, understand the approaching clients’ dress and body language quickly, and act. Have your “ice breaker” ready, and give them an unconditional positive smile! Give them a warm welcome however be careful not to overdo the welcoming and cause it to

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Checking in and receiving of deliveries and capturing the invoice

Receiving deliveries and checking in the order is the start of one of the most important responsibility circles in your business. This is the first step in checking quality and quantity, two of the most determining factors in your food cost. If the quality is poor you will have stock losses and if you sign

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Mature new small business owner calculating online restaurant bill expenses and taxes

To Monitor your Expenses follow these Steps

There is absolutely no reason for stock items not to balance between items used and items sold. Especially items that are packed singular or used as it is received from the supplier. a Can of coke is a simple example.  Balancing of items becomes slightly more complicated when you manufacture and pack an item. a

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Rolls baking in oven displaying temperature

Optiman Temperature Control Sheet

The Optiman temperature control sheet assists me to keep track of all equipment that is supposed to maintain a specific temperature. To maintain the cold chain for frozen and defrosting food items is not the only reason to keep a temperature control sheet. A cold chain is a temperature-controlled supply chain. To maintain the cold

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Twenty non-negotiables to consider daily to make health and safety awareness easier

Practice makes perfect, repetition of a specific procedure or action will lay a foundation and become a default action when you are in an emergency or when an accident happens.  Safety first and foremost WHEN IN DOUBT “CUT” IT OUT. If you are NOT WELL when arriving for a shift report to your line manager

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Manager on floor with waitrons guiding them

Managing by Walking Around

It is not possible for you to know what is happening in your restaurant if you remain stationary in one place. Become and remain informed by walking around and communicating with your team. Do not become predictable and never follow the same route while you are moving through the restaurant. Use this opportunity to follow

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Woman cleaning table in restaurant, and man behind her sweeping

How clean is your hospitality business? You are challenged!

Are your employees and guests safe against pests? Restaurants, commercial kitchens, and other businesses in the foodservice industry have a responsibility for protecting public health by preventing contamination of food and transmission of pest-borne diseases inside their premises. Food safety legislation mandates that food handling businesses terminate pests, and prevent food contamination by taking effective

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