Hospitality Business Planning

In the fast-paced world of hospitality, success hinges on a well-crafted business plan.

At The Engine Room, our hospitality consultancy experts specialise in transforming visions into reality by providing comprehensive business planning services for bars and pubs, restaurants, hotels, cafés and catering companies.

Our goal is to help you navigate the competitive landscape and achieve clear commercial outcomes. Whether you are launching a new venture or seeking to revitalise an existing establishment, a robust business plan is essential. It serves as a roadmap, guiding you through each phase of your business journey.

From securing financing to optimising operations and driving growth, a strategic plan lays the foundation for sustained success.

Market Overview

We start by understanding your vision, goals, and current market position.

Through conducting a thorough assessment of your business, we can identify the commercial strengths, financial influences and operational realities of your hospitality concept.

Analysing market trends, customer preferences, and competitive landscape provides the details to help niche your target audience. Delving into both the market leaders and close competition is essential for growth as it will help to gain actionable insights that inform your business strategy as well as help carve out your market position.

Finances

Developing a comprehensive business plan includes understanding your budget and crafting a financial statement. This involves forecasting finances, operational strategies, marketing plans, and risk management.

Our background in both the financial and operational sides of hospitality gives us a broad overview of our clients’ needs when building a functional business plan.

The Engine Room’s tailored business planning services empower you to make informed financial decisions, optimise operations, and achieve sustainable growth.

Contact our team today

Get in touch to learn how we can help improve your hospitality business

Profit

A well-rounded business plan is a powerful tool in maximising profit.

Our team considers price changes in food, utilities, and wages to stay ahead of any ingoing-and-outgoing fluctuations. Creating a business plan that oversees every aspect of the financial structure of your business gives you a comprehensive overview of your margins.

At The Engine Room, our consultants have an expertise in commercial management – therefore we know that the main game changer is to balance reputational aims with financial goals. Their insight into financial modelling and measured alterations involves a consistent analysis of operational issues and costs. This not only concentrates on long term financial gain but also ensures your daily/weekly cashflow is in check.

An Extension of Your Team

Concierge at the front counter of a hotel

Our work doesn’t end with the delivery of the business plan.

We provide ongoing support to help you implement the strategies by becoming an extension of your team. We understand that someone else taking charge of all the technical aspects of your venue can leave you feeling out of control. Instead, our particular approach to our hospitality consulting business plans, sees us integrate with your team and operate as a commercial branch of your business.

We prioritise getting first hand experience on the ground to familiarise ourselves with your daily operations. This helps us to properly understand your business, your team and your top-precedence KPIs. Our consultants track your progress and adjust the plan as needed to ensure continued success in a constantly evolving market.

If you’re ready to elevate your hospitality business contact The Engine Room to start planning your success.

But why trust our opinion? Here’s what our clients had to say:

“I just wanted to say that The Engine Room have been excellent advisors to help me expand my company. They are on the top of their game when it comes to numbers and projections. They also know how to listen and ask the awkward questions that make your business even more appealing to your market.”

Julien Plumart, Owner, Julien Plumart