These are challenging times for the catering sector.
The recent sudden surge in food prices is having an impact on everyone, however recent figures show that restaurants, pubs and hotels are among the worst hit by inflation and the repercussions of Brexit. According to research conducted by accounting firm Moore Stephens, ‘a total of 5,570 restaurant companies have at least a 30% chance of going insolvent within the next three years’.
Working directly with businesses in the sector and alongside organisations such as The Association for Public Service Excellence (APSE) and The University Caterers Organisation (TUCO), arena4finance offers a range of courses to help restaurants and contract catering businesses to improve profitability, reduce waste and control costs.
The company founder, Debra Adams has extensive experience of the sector and is the author of the book 'Management Accounting for the Hospitality, Tourism and Leisure Industries'.
All our courses are based on the recommendations of the Uniform System of Accounts for the sector and include the following topics:
- Food and beverage cost control techniques
- Managing wastage, yield and margins
- Pricing based on cost and value
- Menu planning and menu engineering
- Budgeting, forecasting and financial planning
- Payroll and overhead cost controls
For further information please contact us at firstname.lastname@example.org or call on ++ 44 (0) 1202 842809.