At HSKS Greenhalgh we are well aware that the publican of today is facing two major new challenges. Firstly the introduction of the smoking ban has forced pubs to move away from the traditional pub business model to a sales mix with a growing bias toward providing family friendly facilities and food.
Secondly, the reduction in personal disposable income has led to shrinkage in the average customer spend and increased competition between establishments. This clearly puts a strain on gross margin and cash flow.
The Leisure Team at HSKS Greenhalgh, comprising of accounting, taxation and corporate finance professionals, have advised a number of independently owned pubs, both single units and small chains, on how to maximise the opportunities offered by changes in the industry. As well as preparing management accounts and detailed cash flow, they are able to provide support and advice on relevant tax or property issues, for example capital allowance claims, or formulate a tax efficient strategy, should you wish to sell your business.
Articles for Pubs