Hospitality
Advice for companies that make our lives more exciting
The hospitality industry, including hotels, restaurants, and other leisure-focused businesses, faces growing challenges due to rising input costs and the pressure of higher living expenses on consumers. factors have contributed to record numbers of business failures. Yet, many hospitality businesses continue to flourish by offering exceptional customer experiences backed by robust operational practices and strong financial controls.
Industry and Sector Experience
We bring extensive experience in the hospitality sector, providing financial management expertise to licensed venues from bars, pubs, taverns, and nightclubs and restaurants operating under both standalone and consolidated group structures. Our team has helped clients benchmark performance, develop strategies to boost profitability, tackle rostering challenges, refine pricing models, and ensure ongoing compliance with Modern Awards, payroll tax, leasehold, and licensing obligations.
How we help clients
Australian Corporate Advisory provides strategic business advice to companies operating in the hospitality market, aiming to improve their financial performance or to ready their businesses for sale:
Financial Performance | We provide comprehensive financial and accounting services for clients seeking to improve their financial performance, including improved cash flow management, profitability and financial controls. Our services include advanced management accounting, reporting, and consolidated reporting for groups, business owners and managers to make informed decisions about group performance.
Regulatory Compliance | Navigating the extensive regulations governing liquor licensing, gaming and gambling, noise control, and ever-changing employment laws can be daunting. We advise hospitality businesses through compliance requirements, assist in remedying any compliance breaches, and offer registered government lobbying services to represent and advocate for our client’s interests at the policymaking level.
Risk Management | Economic pressures have intensified the risks of running a hospitality business. Through targeted operational reviews, we identify key vulnerabilities and implement risk-mitigating strategies—from insurance solutions to robust internal policies, ultimately enhancing each hospitality venue’s overall resilience.
Supply-chain | Rising input costs necessitate strategic supply-chain reviews. Our team evaluates procurement processes, negotiates pricing and incentives with suppliers, and pinpoints areas of waste. We help businesses optimise stock control to minimise losses, ensuring greater efficiency and a healthier bottom line.
Transactions | As competition for hospitality business sales grows, preparing for a successful exit becomes increasingly critical. We assist clients in becoming sale-ready through rigorous financial reviews, due diligence, and valuation analysis. Our expert advice on pricing and transaction negotiations, combined with actionable market insights, helps ensure favourable outcomes for sellers in a competitive marketplace.