CATERER EATS OUT
Classification (star ratings)
Pages 1 | 2 | 3 | Previous | Next Letters: 24 November 2005 Pub tenants need protection against financial disaster
We're regularly approached by the owners of businesses in our sector who have problems making enough profit, and we're pleased to assist them. However, we're becoming increasingly frustrated with such enquiries from businesses that are (or are effectively) pub leases.
The usual issues are twofold. First, that the gross profit percentage afforded by the undiscounted beer prices isn't adequate to pay the overheads of the business, and second, that the rent charged by the landlord is way out of line with industry norms, and is often so high as to make the business unviable.
What can we do here other than advise a quick exit if the landlord won't listen, empathise, and work with the tenant towards a successful outcome for both parties?
When we do have to advise an exit, we then often find that the landlord has refused to allow the keen entrepreneur to participate unless they sign pers Michelin unveils New York's stars
Small hotels suffer in new star ratingsSome operators will lose the right to call themselves hotels Friday Wrap: 21 October 2005 It’s been a good week for fish.
Monday saw a £30m offer for Loch Fyne Restaurants from private equity firm Hutton Collins, while on Wednesday the FishWorks café chain netted a 51% increase in sales for 2004.
Not such good news for poultry, though, with the spectre of bird flu looming. Suppliers, however, are insisting that there are no immediate prospects of shortages .
Meanwhile KFC made its biggest nod to the health lobby since dropping the “fried” from its name, announcing that it will no longer add salt to its fries.
Plenty of other shake-ups elsewhere in the industry as well.
The £52m sale of Common accommodation standards launched today
Schwab wins AA Chef's Chef of the Year award
Market snapshot: Three-star hotels
UK accomodation to get one set of rating standards
New hotel and B&B standards in fullHotels and B&Bs across the UK are to be rated under a new set of common standards. Here are the costs and descriptions of all categories Employer of choice profilesFind the employer of choice through the alphabetic listing or by Best places to work award category. Property Hotspot: BristolEvery operator wants to open in the South-west, but are there any sites? Property Hot Spot: LeedsHas the pub and restaurant scene in the northern city begun to overheat? Where to next? United Kingdom (for reference) Size: Twice the size of New York State in the USA Population, 2005: 59 million Real projected growth for 2005: 2.5% Per capita GDP, adjusted for purchasing power: 14,400 ($27,700) Economy: The UK, a leading trading power and financial centre, is one of the quartet of trillion-dollar economies of Western Europe. GDP growth slipped in 2001-03 as the global downturn, the high value of the pound, and the bursting of the "new economy" bubble hurt manufacturing and exports. Still, the economy is one of the strongest in Europe; inflation, interest rates, and unemployment remain low. Thailand Size: About the same size as France Population, 2005: 63 million Real projected growth for 2005: 6.4% Per capita GDP, adjusted for purchasing power: 3,850 ($7,400) Economy: Thailand has recovered from the 1997-98 Asian financial crisis and was one of eastern Asia's best performers in 2002. Increased co Winning world marketsMarkets you never dreamt of are hungry for Western restaurant concepts. But although the rewards are potentially great, so are the hazards. John Greenwood reports A minute on the clockDaniel Clifford, 31, is head chef at Midsummer House in Cambridge, which last week was awarded a second Michelin star. Caterer spoke to him in the aftermath of the celebrations In the know
Shelbourne hotel unclassified after loss of fifth starDublin hotel the Shelbourne, which recently lost its five-star status, has decided not to appeal the ruling and is seeking to be listed next year as "unclassified". In briefBelhaven nears 300... Top Dublin hotels stripped of five-star statusFour of Dublin’s top hotels are poised to be stripped of their five-star status in a shock decision by Ireland's grading body. Tourism blueprint unveiledMany more hotels, B&Bs and pubs need to take part in accommodation grading schemes if tourism in the UK is to reach its full potential, a Government blueprint has suggested. Pages 1 | 2 | 3 | Previous | Next |
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