‘Appy Days – App Tax Deductions
Hospitality owners will be glad to learn that a law passed on 26 June 2023, that allows an additional tax deduction for costs related to the use of apps and other technology used to grow revenue. The Small Business Technology boost is available to businesses that qualify as a small to medium business (aggregated […]
What Happens After Contracts Exchange?
I recently completed the sale of a fantastic cafe and there were some reflections I have on how the deal went that I wanted to share with you. Up until the contracts were exchanged the buyer and the seller were getting along very well together. We got together and had a meeting about how […]
SOPs For Cafés and Restaurants – What are they and why bother with them?
SOPs aim to promote consistency and efficiency by ensuring that all employees are carrying out tasks in the same way. Having SOPs in place can also help to improve quality control and minimize mistakes.
Team Culture and HR Systems For Cafes
How to Work Out the Time to Pay Back What You Invest in Your Cafe
Whether you are buying your first business, adding to your portfolio, renovating or investing new equipment knowing how long it’s going to take to get your money back is crucial. As with all of our templates and resources we have tried to make this quick and easy to use whilst delivering the […]
HR and Employment Processes For Cafes
Facebook Live Recording July 2021 In this conversation we talk about different HR and employment processes, whilst this is a huge topic we managed to talk through Recruitment Interview Processes Culture Performance Reviews Job Descriptions and more If you are a GSE Hub member then make sure you have a look the […]
How to Work Out Your Breakeven Figure
In this video we’re going to talk about the breakeven figure, your breakeven figure is how much money needs to be in your till, or how many sales you need to make each week to cover your costs. This simple spreadsheet has been designed purely for you to be able just to […]
Professional Cafe Valuation
The True Value of a Professional Appraisal – Four Recent Case Studies Yesterday I spoke with two owners who had recently had their businesses “valued” to get an idea of what their business might be worth. Both calls had several things in common which is not unusual, the one thing that really […]
Which Pay Award Covers My Hospitality Business?
From time to time at GSE we are asked to clear up the confusion as to which Pay Award a certain hospitality business should use. It can be a ‘grey’ area and one that if used incorrectly can cause problems down the track and can prove costly. Pay grades vary for employees within […]
Check and Refine Your Processes For The New Normal
There is no doubt about it that the covid-19 pandemic has changed the way we live our day to day lives. Even more changed is the way we conduct business in our cafés, takeaways and restaurants. As things in Australia seem to be slowly getting back to “normal” I think as business owners […]
Goal Setting For Café Owners
Where did January go? With the first month of 2020 behind us here we are in a brand new month. What goals have you set for February? Have you got a plan in place to make sure that your business is growing year on year? Do you have a plan […]
Staff Meetings
When was the last time you held a team meeting? With all the talk of slower trade in the industry due to the current economic downturn it could be a good time to refresh, retrain and remind your staff of their obligations. Write notes on areas of your business that you know […]
Are the outgoings that you are paying actually due?
Its quite common for outgoings to be charged by landlords in addition to rent, the amount charged varies from lease to lease. Some landlords will pass on charges like business rates, land tax, strata fees etc and some charge for many more items related to the building in which your business […]
You are not alone
Last week I spoke to several café owners about where they are currently at and what they need to do to prepare for their sale. Three of the people that I spoke with were doing it really tough, working long hours and not seeing much return, they were all pretty close to walking […]
How to Calculate Your Food Cost Percentage
How to Calculate Your Food Cost Percentage Video Transcript. Following on from the menu costing spreadsheet that we sent out recently or you may have downloaded with regard to working out what your food cost percentage is, I’ve had a couple of questions from people about asking “how can we […]
How to increase Cafe Profits – Menu Costings
One of the biggest factors when working out the potential sale price of your café will be the profitability. Whatever stage you are at whether you are on the market now or just wanting to make plans to sell further down the track then this is a good exercise to go through. Periodically […]
