How To Get A License To Sell Alcohol

Serving alcohol at your hotel, restaurant, B&B or pub is a great way to boost your revenue thanks to the high margins that come with alcohol, but you’ll need an alcohol licence to do so legally.

What are the different types of alcohol licences?

There are two types of alcohol licences: a premises licence and a personal licence.

A premises licence authorises a venue for licensable activities, including the sale of alcohol.

A personal licence permits somebody (typically a business owner or manager) to become a Designated Premises Supervisor (DPS).

How to get a premises licence

You need to apply to your council for a premises license, and this can be done either by post or online, provided your local council accepts digital applications.

There are different online applications depending on where in the UK you are: England & Wales, Scotland, and Northern Ireland. The postal forms are available here and are the same across the UK.

The cost of your premises licence will vary based on the rateable value of your property (how much the property would rent for) and can cost from £100 to £1,905.

The premises must have a designated DPS when applying for a licence, and the DPS must hold a personal licence.

When applying for your premises licence, you will need to provide your council with details of you and the DPS as well as a detailed plan of the premises and an operating schedule (including details of when alcohol will be sold).

How to change a premises licence

If you need to change any details to your licence, you will need to apply for either a minor or full variation to your location council.

Minor variations cost £89 and cover small changes to the license, such as reducing the hours you sell alcohol, the removal of irrelevant conditions or the removal or addition of other licensable activities (such as playing live music or showing a film). You can begin the minor variations application process by downloading a form from the GOV.UK website.

Full variations cost the same as the original application for a premises licence and follow a very similar process. Full variations include extending the opening hours of your business, making major changes to the premises or the bar layout, selling alcohol between 11 pm and 7 am, or increasing the number of hours during which alcohol may be sold.

How to get a personal licence

You’ll need to gain a Personal License Qualification as part of the personal licence process; the qualification takes about a day and the assessment is done via a multiple-choice exam.

The personal licence itself costs £37 but you may also need to pay for a DBS check which costs £25.

You can apply for a personal licence through the GOV.UK website.

What is the Designated Premises Supervisor responsible for?

Being responsible for the premises means there are certain duties the DPS must take care of; the DPS is the first point of contact for the local council and the police

The DPS must ensure ID is provided where necessary. Most premises subscribe to the Challenge 25 policy where anyone who looks 25 or under needs to present an acceptable ID (driver’s licence or passport) that proves they are over 18.

The DPS is also responsible for the bar serving legal measures:

  • Wine: 125 ml, 175ml
  • Spirits: 25ml, 35ml
  • Draught beer and cider: full pint or half, third or two-thirds of a pint
  • Fortified wine: 50/70ml
  • And multiples thereof, e.g. a cocktail may include a double shot of a spirit, or a large glass of wine may be 250ml.

Jiggers and spirit measures make it easier to serve correct volumes.

What else do I need to know about alcohol licensing?

You must display your ‘license summary’ at your venue in a place where it can easily be seen. You should keep the other pages of your licence in a safe location at your premises; the council or police may inspect them at any point. Failure to provide your licence may result in a fine of up to £1,000.

Premises licences typically come with an unlimited duration, so you don’t need to reapply for them (unless you need to make variations). There is, however, an annual fee – find out more here.

Selling alcohol without a licence can lead to a fine of up to £20,000 and/or a prison sentence of up to 6 months.

If you are thinking about opening a hotel, B&B, restaurant or pub, we can help with financing. Get in touch today to find out how we can help you start or grow your business.

Refinancing a Commercial Loan

Increase in loan repayments

We’ve all seen the doom and gloom in the print and digital media around the cost of borrowing and have probably experienced an increase in our monthly commercial loan repayments, unless on a fixed rate loan, which despite the initial higher cost of borrowing is now paying dividends.

As we know, the increase in the current cost of borrowing is in theory to curb inflation.  Whilst this is a laudable aim, it doesn’t take away from the fact that in the medium term, you’ll be paying approx. 20% more each month, over a typical 20-year loan.

When will the Bank of England reduce the base rate?

The $64,000 question is ‘when will the Bank of England Base Rate reduce?’ The answer is probably when inflation returns to the Bank’s target of 2%. This could be some time, with analysts predicting at least 3 to 5 years before the inflationary supply side chain returns to normal, as too many people are chasing too few goods with energy, petrol, diesel and food stuffs all being key drivers to supply chain inflationary pressures.

This begs the question…

What can I do about my commercial loan repayments in the short to medium term?

What can you do in the short to medium term to counter these pressures that directly impact on your ability to service your loan repayments?

The old saying “cash is king” has never been more apt.  Having liquid funds available are essential, as they provide flexibility during an inflationary period or crisis and many lenders look to your businesses’ cash flow for loan servicing. In banking terms this is known as CFADS (Cash Flow Available for Debt Servicing).

Generally, it is not declining profitability that drives a business into duress or insolvency, but the ability to service its creditors, principally bank loans and VAT liabilities, which result in cash flow duress.

As Basil Fawlty once said “I may be stating the bleedin’ obvious”, but it is generally recognised that many operators focus to much time and attention on revenue, rather than cash flow which in many ways can be seen as counterintuitive, as a top-down strategy is broadly accepted by business pundits, but there is a strong case for a bottom-up strategy, cash flow being the case in point, to avoid duress and an insolvent situation which all lenders test for.

Improve your businesses cash flow by extending the term of your existing loan.

If your existing lender isn’t sympathetic to rescheduling or extending your loan, then there are a number or lenders in the market who’ll consider the case for refinancing.

This could be on an interest only, or part interest basis over an extended period and lenders often offer a 12-month capital repayment holiday, to take you over the initial cost of the refinancing.

Refinancing your loan may help your business remain secure

Refinancing should be seen in the context of putting your business on a secure basis, as retrospective comparisons on interest rate and the cost of borrowing pail into insignificance, when your business is under threat from your creditors or indeed your own lender.

 

To find out more how Stewart Hindley & Partners can assist you with your commercial loan or hotel loan refinancing and cash flow, get in touch on 01488 684834 or email info@stewarthindley.co.uk

 

Pub Digital Marketing Trends for 2023

Running a pub can be a fun and exciting career, but ensuring a steady stream of customers isn’t necessarily the easiest thing in the world. There are a number of digital marketing techniques you can use to get more customers through your door.

Digital Presence

Before we get into the active digital marketing of your pub, let’s first take a look at your online presence. Providing a customer experience that is smooth, helpful and optimised is a trend that will continue to grow in 2023 as technology continually develops and supports customer-focused digital interactions.

Website

Your website is your digital storefront and lets your potential customers know what they can expect when they visit your pub. Whether you’re a sports bar that plays live football matches, a riverside pub ideal for a quiet drink, a family-friendly pub restaurant or an LGBTQ+ bar, your website visitors should be able to tell what kind of venue you are and what kind of evening they can expect if they go to your pub.

Your website can also help your customers get in touch with you, either by phone, email, live chat or an automated reservation system.

Your website is also likely to be the destination of much of your online marketing activity, so it’s good to have your website ready for any traffic you send its way.

Social media

A social media presence is virtually expected of businesses these days. In the case of pubs, customers want to see what’s going on at the pub, if any themed nights are coming up or any special promotions, what the venue looks like and ask any questions, such as if your pub is appropriate for a family meal with children.

Social media profiles can also direct your customers to your website, take bookings, show opening times, let a customer chat with you and show which of their friends also like, follow or otherwise interact with that pub.

Google My Business

This is a really simple but important digital estate to look after. Sharing your opening times, address, website and contact details with Google My Business makes it so much easier for Google to give your potential customers accurate information about your business.

It helps your customers find their way to you, find out when you’re open, reserve a table, see your reviews, get in touch with you, and more, all from the Google search results page.

Digital Marketing

Social media

Social media is what first springs to mind when people think of digital marketing, and for good reason: it’s accessible for pub owners, it reaches your audience wherever they are and it can be free. Yes, you can also choose to advertise on social media if you like, but there’s no need to pay to use social media if you don’t want to. Social media gives you a chance to chat and engage with your customer base even when they’re not in your pub.

Social media platforms

There are many social media platforms available these days and it’s certainly not a stagnant channel – there’s always a new platform or feature. Try not to get overwhelmed by the options.

Instead, focus on your audience – what social media platforms do they use? This is where you need to focus your attention. Facebook is almost expected so it’s likely your audience will want your pub to have a Facebook profile, but would they also look for, and interact with, you on Instagram, Twitter or TikTok? You may be able to use Facebook groups local to your pub, just be mindful of the group rules otherwise you may be removed by the admin.

A recent phenomenon that shows no signs of slowing is videos on TikTok being recreated, such as the Blinding Lights dance routine popularised during the pandemic and recently “Dance With My Hands” from Netflix’s Wednesday series. Recreating these videos can boost your brand’s visibility, and the ones that perform well add a unique twist to the original. These videos are not limited to TikTok and are spread across the digital ecosystem, so your content isn’t bound to one platform; Instagram, Facebook and Twitter have all adopted Reels (short-form videos) as a result of TikTok’s influence.

Social media content

After deciding on which platform(s) you’ll target, you should consider what kinds of content you’ll share. This will be partially determined by what kind of content your audience want, as well as the platform(s) you’ve chosen. There has been a shift towards simple, clear messaging recently, which is a trend that will continue in 2023.

Videos and photos go down well with audiences and showing the human side of your business is almost always a winner. Try to be personable and make genuine connections with your audience, rather than just pushing promotions at them.

Offers and discounts mixed in with other content such as videos of live performances or ‘meet-the-team’ snippets work well, as well as behind-the-scenes shots; it’s all about finding the right balance for your audience.

You can also share (with permission) photos or videos that your customers have taken while at your pub; this adds a layer of authenticity to your messaging that you can’t achieve on your own, and is known as user-generated content.

You can also use social media to tell people about new food and drinks that you’ll be doing, and upcoming entertainment, such as an open mic night, a live band, quizzes, sports games or cabaret performances.

You could run social media competitions where, for example, you ask your customers to comment on your post with their favourite photo or video from your pub for the chance to win a bar tab of £50. Your customers’ friends and followers will see their media comments on your post and your brand will be put right in front of them, promoting your business for a very modest fee.

Other uses for social media

An oft-overlooked use of social media is for research; you can use it to keep an eye on your what your competition is doing and, perhaps more importantly, how their audience is reacting to it. Are they doing something particularly well that you can recreate (without directly copying – you should always put your own spin on it), or did they try something that fell flat? Sometimes, your competitors take risks that you can learn from to make your business better.

Make your place social media friendly, for example, a feature wall full of curious quotes or unusual objects that may urge people to take a photo and post it to their own social channels, tagging your pub. You could also make the food and even the drinks you serve Instagrammable – think of The Alchemist, their customers love to take videos of their drinks bubbling away or changing colours and post that to social media. A well-presented plate can have the same effect.

Reviews

Encourage your regulars and other customers to leave reviews, whether this is on social media, on Google or dedicated review sites such as TripAdvisor. You could have cards printed with QR codes on them to make it easier for your customers to get to your go-to review destination.

Reviews aren’t just one-way though: be sure to reply to the people who leave you reviews so that other people see that you’re present and care about your customers. This means thanking people for their positive reviews and hoping you see them again soon, and addressing any less-than-positive reviews. These interactions can really help to build relationships in the long term.

Influencer marketing

If you’re running a 1-site pub, or perhaps even a small chain of pubs, you may think influencer marketing isn’t for you, but local influencer marketing can have a real impact.

If you were to take this route, you’d want someone (or multiple someones) that is already a loyal customer, is active on social media and has a large following – either larger than yours or has access to a particular audience demographic that you’d like to target.

You could also consider local influencers that aren’t customers yet but with whom there is a natural resonance, i.e. it wouldn’t be unexpected for them to promote your business. People don’t like being sold to, so influencer marketing works best when it feels genuine – when it’s like one friend would say something like “this pub has a great vibe and they do amazing cocktails” to another friend in casual conversation. Influencer marketing should feel genuine and not forced.

You can find influencers by searching Instagram for hashtags relevant to your industry and in your area, such as #pub, #beergarden and #cocktailhour.

You can also use hashtags in your own social media posts (although, please, not on Facebook) to help people discover your pub.

Influencer marketing is a two-way street – they won’t just do it for nothing. You’ll have to arrange an agreement with them where they benefit in some way, this could be a simple payment or could be a barter system where you give them a discount or free food/drinks. This should all be set up and agreed upon before they start their work.

Start a blog

A blog may be an unusual approach for a pub, but it can help set you apart, and a regularly-updated blog can help boost your search rankings and, subsequently, traffic to your website.

If you decide to start a blog, be sure to keep it updated regularly, at least one new article a month and, after a year or two, it’s a good idea to see if any of your older blogs can be brought up-to-date.

Some pub-related blog topics include:

  • Differences between beer, lager and ale
  • History of particular drinks
  • How did darts become a pub favourite?
  • The science behind cocktails
  • How do pubs accommodate customers doing Dry January (beyond Coke and water!)?
  • Why has the pub quiz remained a British staple?
  • Celebrating pub landlords and ladies from film and TV
  • What’s it like owning and running a pub?

Paid Digital

Organic marketing is great because it’s free (or very low cost) and can be genuinely fun to work on, however, if you’re looking for some quicker results, you can always pay to advertise. There are a few ways you can go about this:

Paid Search can place you in a prominent position on search engine results pages (SERPs) and can be tailored so you only appear against relevant keywords, i.e. your ad will appear if people search for “pubs near [location]” but not for “family days out in [location]”.

Paid Social works in a few different ways and can be as simple as boosting one of your existing social media posts to a new audience. You can even specify the type of person they’ll reach – their age, location, interests, behaviours etc.

Influencer Marketing has been mentioned in detail above but is worth highlighting again here. Using local influencers can highlight your pub to certain groups of people and can be a cost-effective way of promoting your pub.

Metrics

For any digital marketing activity you undertake, you can track it. You can track clicks from social media, search engines and any paid activity if it’s going to your website – read here for more information on how to do this. You can also look at how people navigate your website once they’re there.

If you’re considering buying and running your own pub, get in touch with a member of our skilled and experienced team who are on hand to help you discover your dream pub.

14 Hotel Breakfast Set Up Ideas

Breakfast is an important part of the overall experience of your guests’ stay at your hotel and it’s another way you can ‘wow’ them and set yourself apart from your competition.

Not only does your breakfast set your guests up for their day but, on the day of their checkout, breakfast is likely to be one of their final touchpoints with you and can leave a lasting impression.

What are the most popular types of breakfast?

English Breakfast

An English breakfast, also known as a Full English or a fry-up, is a hearty meal consisting of sausages, bacon, fried eggs, mushrooms, beans, a cooked tomato and toast. It may also contain fried bread or black pudding.

Continental Breakfast

A continental breakfast is a lighter way to start the day and can be traced back to the mid-19th century. Instead of meats and fried foods, a continental breakfast typically contains pastries and other baked goods alongside fruit, toast and coffee. It’s not uncommon to see yoghurt amidst a continental spread.

American Breakfast

An American breakfast shares some similarities with the English breakfast in that it features eggs, sausages and bacon, but may also include pancakes or hash browns.

Regional Breakfast

If your guests typically travel from further afield, such as overseas, they may be looking forward to trying local delicacies. Offering a range of foods that use local ingredients or recipes can be the deciding factor for some guests.

Ways to serve hotel breakfasts

How you serve breakfast can be as important as what you serve. Some guests may be expecting full table service with a number of courses while others would prefer to serve themselves so they can choose exactly what they want and not wait for their food to arrive, and some may prefer to skip the dining room completely and have their breakfast brought to their room.

Buffet Breakfast

A buffet breakfast allows your guests to choose exactly what they want and it also often means they have to wait for less time.

Having your guests serve themselves means your staff are free to do other things, which may include ensuring your guests are happy and satisfied, keeping an eye on the food levels, and clearing empty tables.

A la carte

Some guests may prefer a meal that has been cooked specifically for them and brought to them once it is ready, rather than serving themselves food that has been kept warm for an undetermined amount of time. The guest can also ask their waiter for expert recommendations on the food.

A benefit to you as the hotel owner is that less food will be wasted by serving only what is ordered.

Room service

Some guests may prefer to eat in their rooms, for any number of reasons including illness, hangover, disability, social anxiety or they may just simply want to eat breakfast in bed. Offering room service requires additional time from your employees but provides a keener service to your guests for which you may choose to charge a premium.

How to make your breakfast top-notch

Food safety regulations

Paying attention to all food safety regulations is important for your guests – not to mention your reputation! On top of the regular food safety regulations used in your kitchens, you and your staff should do the following to keep your buffet areas hygienic:

  • Keep food covered until it’s ready to serve
  • Provide separate serving utensils for every dish to avoid cross-contamination
  • Dispose of food after 2 hours at room temperature (and after 1 hour on hot summer days)
  • Clean the buffet area before, during and after serving times
  • Consider a sneezeguard
  • Provide handwashing options for guests before they start touching the serving utensils

Pay attention to details and aesthetics

You’ll want to make sure your food is served in a way that appeals to your guests, and your serving dishes and utensils should be in keeping with your hotel’s brand aesthetic.

Clear labelling

Labelling your food clearly and simply is not only helpful for people who may not be familiar with a particular dish, but it can help people with allergies or severe dislikes avoid foods that may not agree with them. It can also tell people who try that food and enjoy it exactly what they’re eating so they can order it again in the future.

It’s a good idea to include any allergens on the label. For more information about your legal requirements around allergen information, read here.

Group similar foods together

Grouping food together means your guests can find what they want to eat more easily. For example, they may know they want cereal but haven’t quite decided what kind of cereal they’d like that morning, so having it all together helps them see all the options at once and they can make their decision more easily. It also means you can group the cereal bowls and milk together for easy serving.

Having a section for pastries, a section for cereals and a section for hot food means people can go directly to the area that interests them.

Decide what food items need to be served individually and what can be served in bulk

Some foods, such as baked beans, make sense to be served in bulk; it makes it easier for the kitchen staff to prepare and guests can take as much or as little as they like.

Other food items are better off being presented as individual portions. For example, you could serve a block of butter and have people serve themselves but it would quickly look unappealing.

Some items, such as cereal, may be served either way, but you’d need to consider how you present them. If serving cereal in bulk, you’ll need to use particular dispensers that will stop the cereal from going stale. Alternatively, you can serve individual packets of cereal.

Pay attention to your diners’ surroundings

Depending on the size of your hotel, your guests may eat breakfast in the same room as they eat their dinner, and it’s nice to create a different atmosphere so they’re not reminded of their lasagne al forno at 8am.

Using different tablecloths and bright flowers can help to create a different kind of ambience, alongside the smell of fresh coffee and some soft but lively music. You may have more subdued lighting for dinner but opt for brighter lighting in the morning. Combining these subtle touches can give the same room a completely different vibe.

How do you set up a breakfast buffet table?

Firstly, you need to decide where your table will be going. Will you have it in the middle of the room so it is central to everybody, or over to one side? If it’s near a wall, will you keep it out a few feet so people can serve themselves from both sides, or will you have it up against the wall?

Once you’ve placed your table, you can dress it. You may opt for a large tablecloth or smaller, individual mats under each serving station, you may even choose both. Many hotels choose white tablecloths, however, you may prefer a checked tablecloth, or floral, or bold, bright patterns. How you dress your table, including the colours, materials and any decorations, should reflect the aesthetic of your hotel’s brand.

Now you can begin to lay your table. You should provide plates at the “start” of your buffet table so your guests can pick these up first, alongside napkins and cutlery. You may choose to roll cutlery into napkins so guests can easily pick up one bundle.

Because hot food will start to cool once it’s on your guests’ plates, it is better to have cooked items near the end of the serving selection, so after the plates and cutlery should come your cold offering, which may include cereal (as well as cereal bowls and milk), fruit (either individual fruit or a fruit salad in a large serving bowl) and pastries. Fill your serving dishes so people know there is enough for everyone and make sure everything has its own serving utensil.

After your cold food comes the hot food, and you’ll need to make sure that it stays hot – nobody wants cold scrambled eggs. Lay out your chafing dishes with enough space between/around them so that people have space to put the lids while they are serving their food. Try to group similar hot foods together, such as meats, then eggs, then potatoes.

You’ll also want a drinks station and ideally, this will be slightly separate from the food; perhaps at the end of the buffet table, or on a different table. Here you’ll have your tea and coffee kept warm in dispensers, as well as cold fruit juice (orange and apple are standard). The rest of your drinks section should include cups, glasses, saucers, sugar, milk and teaspoons.

If you’re considering buying your own hotel, get in touch with a member of our skilled and experienced team who are on hand to help you discover your dream hotel.

5 Bed & Breakfast Design Ideas

The hospitality world is constantly evolving, and it’s more important than ever before that B&Bs ensure that their bed and breakfast is comfortable, inviting and most importantly, stands out from the crowd.

After all, with many people now booking holidays, short breaks, weekends away and business trips again, there are plenty of opportunities to attract new guests to your bed and breakfast.

Whether you’re in the process of opening a new B&B or want to give your existing bed and breakfast a fresh new look, here are some of our favourite bed and breakfast design ideas.

Create an impactful entrance

There’s no denying that first impressions count and the entrance to your B&B is your first opportunity to make a real impact.

The design possibilities are endless when it comes to decorating this part of your B&B. Some of the best entrances are fun, playful and drenched in bold colour to create a unique atmosphere from the moment your guests step through the door. But equally, an understated entrance with lots of attention to detail can look truly timeless.

Mirrors can also make your entrance feel bigger and grander, whereas fun accessories, flooring and lamps can create striking focal points.

Layered lighting

Layered lighting in the bedroom is a lovely design feature that is both practical and striking.

Invest in a dimmable pendant or downlighters for the main source of light in a room, paired with statement lamps to create an inviting atmosphere. Bedside lights are incredibly important, especially if your guests enjoy reading at night.

And don’t be afraid to opt for feature lights which add another unique dimension to a space.

Choose practical yet stylish furniture

Accessible furniture that is comfortable, stylish and easy to use is super important in any B&B. From comfy beds and dressing tables to inviting sofas and dining furniture, you should opt for accessible furniture that is not only durable but also inviting.

It’s also worth investing in extra features such as sofabeds and portable cribs to optimise your offering to guests.

Dress your dining room

A well-dressed dining room instantly sets the mood and creates a special atmosphere.

With this in mind, all communal dining spaces should look the part. Popular dining room themes at the moment include feature walls designed around elements of nature, oversized everything, casual table scaping, bright and bold dining tables, and traditional aesthetics.

Pick a look that works for your bed and breakfast!

Create a personalised experience

Guests love a personalised experience and this is a great way to set you apart from your competitors. From recognising your guest’s birthday and ensuring that all finishing touches are in line with your guests’ needs, there are lots of ways that you can create personalised experiences to impress.

Above all, you should always make your guests feel special and reward customer loyalty at the end of their stay.

If you’re considering buying your own hotel, get in touch with a member of our skilled and experienced team who is on hand to help you discover your dream B&B property.

Owners’ Guide to Renovating a Hotel

Whether it’s changing careers, updating your home, or taking up a new hobby, a new year presents the perfect opportunity to say “out with the old and in with the new”.

And this applies to renovating a hotel too!

With 2023 upon us, now is the perfect time to start thinking about renovating your hotel and giving it a fresh lease of life, especially if it is looking and feeling a little dated and in need of some TLC.

However, renovating a hotel is no easy feat and it’s important that you plan your renovation project with meticulous attention to detail so that you can achieve your vision, without going over budget.

Whether you’re in the midst of a renovation project or about to begin one, you’re in the right place. Here are our top renovation tips.

Always plan ahead

Thorough planning is the key to any successful renovation project and it’s important that every element is planned out carefully to minimise disruption and keep your guests happy.

Review your hotel booking system to determine the quietest times of year for your hotel, so that you can map out when to start and finish your project. And you should always let your guests know if any renovation work is planned during their stay.

Set your goals and nail down your budget

Renovation work begins with a vision. Once you have an idea of exactly what you want to achieve, write down your goals and map out how you will achieve them.

If you’re carrying out a particularly big renovation, you might need to get a project manager, builders and designers on board.

Your planning should also include all costs so that you know where you stand financially. You don’t want to get halfway through your renovation project to realise you don’t have the money to complete it.

Conduct a full-scale survey of your hotel

Before starting your renovation project, you should complete a full-scale survey of your hotel to determine if there are any areas that urgently need to be addressed.

If you’re working with a strict budget, for example, you might have to prioritise areas of your hotel that need updating or fixing first. A survey will help you to fully understand what needs to be prioritised.

Choose durable, long-lasting styles

Renovating your hotel is a costly business. With this in mind, when it comes to choosing your furnishings, wall colours and accessories, you should opt for styles that are universally appealing and won’t go out of fashion.

Of course, this doesn’t mean that you can’t put your individual stamp on your hotel – far from it! You just need to ensure that the colours and patterns you use will offer optimum longevity and won’t look dated in a few months.

Always consider your guests

Finally, a renovation project is impossible to complete without major work taking place at some point.

There are, however, steps you can take during this period to minimise disruption to your guests, including ensuring that any rooms surrounding the construction zone are empty and informing your guests of any works prior to their arrival. This means that they can decide whether or not they stay with you during this period.

If you’re considering buying your own hotel, get in touch with a member of our skilled and experienced team who is on hand to help you discover your dream B&B property.

The Benefits of Running a Bed and Breakfast

There are many wonderful benefits of running a bed and breakfast, with one of the greatest advantages being the ability to be your own boss to create a better work-life balance.

Whether you’re considering starting up your own bed and breakfast or have just made the move, running a bed and breakfast can be a rewarding and successful venture.

This article will highlight the benefits of running a bed and breakfast and everything you should know before you do so.

What is it like to run a bed and breakfast?

Running a bed and breakfast requires a variety of different skills to provide your guests with exceptional stays.

Owning a bed and breakfast is a rewarding career that allows you to work at something you are passionate about, develop meaningful business connections, and meet interesting people from all walks of life.

What are the advantages of running a bed and breakfast?

Entering the bed and breakfast industry is an exciting and interesting opportunity that can come with great prospects and rewards. For many, running a bed and breakfast is a dream job but is it the right business for you?

If you’re thinking about becoming a bed and breakfast owner, here are some advantages to be aware of:

You are your own boss

By becoming a bed and breakfast owner, you also become your own boss. You are the one who decides your schedule and makes the decisions.

Running a bed and breakfast is also a great way to spend more time with your partner and family, creating an improved work-life balance.

You work from home

Most bed and breakfast owners live on their business property which eliminates long commutes spent stuck in heavy traffic and presents you with more time to spend with family in the home.

Creating a successful business from the comfort of your home is highly rewarding and comforting.

You can meet new people

Running a bed and breakfast means you come face to face with new guests every day which is great for those people who thrive on human interaction. You’ll come across many interesting and friendly faces whom you may be lucky enough to welcome back.

If you love meeting new people and providing them with a safe and clean place to stay, running a bed and breakfast could be the perfect business for you.

It’s a profitable business

Running a bed and breakfast is a great way to boost your income. Owning a bed and breakfast can be a profitable, enjoyable, and rewarding business venture but requires commitment, hard work, and dedication.

It is rewarding work

Starting a bed and breakfast is rewarding work as you provide guests with a great place to stay while you build your business exactly to your taste at your own pace.

Seeing satisfied guests return to your bed and breakfast as loyal customers who leave positive reviews is an unparalleled feeling.

How can I start my own bed and breakfast?

For more information about bed and breakfast finance, get in touch to discuss the plans and options available for you!

The Importance of Cash Flow for Hotel and Hospitality

Hotel and hospitality businesses face a raft of challenges and, while issues such as reducing costs and increasing footfall may seem like the priority, it’s important to keep cash flow at the forefront of your business operations.

Cash is king in any business. So, it’s vital that you keep on top of your cash flow if you want to ensure that you are in a financially sound position, now and in the future.

And, if you take your eye off your cash flow, you can quickly run into problems.

We’ve taken a look at why staying on top of your cash flow is so important.

Make better plans and decisions

If you stay on top of your cash flow, you will always know where you stand financially, meaning you will be able to make better plans and decisions, and avoid putting your business at any sort of risk.

Understanding your income and outgoings will help you to plan ahead, avoid risk, and gain an accurate insight into your current situation.

Expand at the right time

If you’re hoping to grow and expand your business, it’s important that you can establish whether you are in a sound position to do so. After all, expansion can pose a huge threat to a business if it’s not carefully planned.

Whether you’re taking on new members of staff or looking for bigger premises, any form of growth requires you to have cash behind you and it’s important to be sure that you will be able to afford the additional costs.

Understand what’s coming in and going out

Managing your cash flow effectively will instantly give you a better idea of what is coming into and going out of your bank. This insight will not only show you where you stand but will also help you identify areas of the business where you can cut costs if needed.

This is important as cash flow problems will impact your relationships with your employees, partners, suppliers and investors.

How can you manage your cash flow through challenging times?

Cash flow forecast​

A cash flow forecast is vital for any hotel and hospitality business as it outlines how your business is going to perform and grow at different milestones.

This will not only help you to ensure that you have enough money in the business to cover your operational costs but it will also help you to make realistic revenue projections and manage your inflows and outflows, which is critical to establishing a healthy cash flow.

Cash flow support apps

Cash flow support apps are expertly designed to give businesses of all shapes and sizes a real-time view of their cash flow. Using one of these apps will help you optimise your monitoring and gain accurate, up-to-date insights into where your business stands financially.

Review your cashflow forecast

There’s no denying that the last few years have been challenging. We have not only had to manoeuvre a global pandemic, but we are now in the midst of a cost of living crisis which is also taking its toll on all UK businesses.

With this in mind, it certainly pays to regularly review your cash flow forecast, as well as your profit and loss reports, and adapt your business strategy accordingly.

Why choose Stewart Hindley?

If you’re considering becoming a bed and breakfast host, get in touch with a member of our skilled and experienced team who are on hand to help you discover your dream B&B property.

How to Save Costs When Running a Pub

As pubs face high costs due to increased energy prices and global supply chain issues, it’s only natural that landlords and bar managers are looking at ways to save costs when running their pub.

It is estimated that some pubs have seen their bills increase by 500% and with it not being a viable option to pass the huge price hikes onto consumers, pub managers and pub owners are exploring how they can cut back on operational outgoings.

As energy bills continue to rise, we have put together some money-saving tips. Here are three ways to reduce the running costs of your pub.

Research energy providers and explore your options

Energy bills and overheads are large outgoings that should be managed closely and after an expensive year, it may be beneficial to research your provider to explore your options.

Fixed-term contracts may seem more expensive, but they provide pubs with a stable price over the contract period. However, energy provider EDF advises checking the terms and conditions to avoid any unexpected changes or charges.

If your pub is already committed to an energy contract, you should receive an energy renewal letter from your supplier around three months before the contract end date. This is when you should begin research to drive down costs and lock in a lower energy price.

Aim to use less

Energy

Heating, lighting, and electricity are costly necessities when running a pub, but managers and landlords should look to use less energy and pay less for it.

Around 18 per cent of heat is lost through open doors and windows so keeping doors and windows closed when the heating is on can help to reduce energy costs. Draught-proofing windows and doors can also help to stop cold air from entering as well as stopping heat from escaping.

According to the energy giant EDF, energy is priced based on 48 half-hour time slots throughout the day with the price of energy varying for each 30-minute period. The most expensive time of day is between 4 pm and 7 pm so by reducing energy consumption during these hours of the day, you could save money.

Being energy conscious is a great energy-saving tactic that helps you understand where costs can be cut and where your money can be clawed back.

Wastage

Using less doesn’t just refer to energy though, you can minimise wastage in food and drink through ongoing training of your staff, ensuring they are cooking food and pouring drinks with fewer mistakes. Instilling processes where stock is regularly checked for expiry dates, and adjusting how much you or your team are ordering, also helps reduce the amount of product lost to wastage.

Review what drinks and meals are often not being sold and consider removing these from your offering. In terms of food, keeping these extra ingredients in stock can reduce inefficiencies and increase wastage, and for drinks, they take up space in your fridges or make little use of taps that could be used by more popular beverages.

Staff

Speaking of staff, it’s important to take care of your employees so they don’t leave. Recruiting and training new staff are costs you’ll want to avoid, so check in regularly with your teams to make sure they are happy at work and not thinking about leaving.

Listen to their feedback and keep them feeling satisfied and fulfilled. While it may seem counter-intuitive, incentivising your employees can go a long way to boosting team morale, raising productivity and efficiency, and retaining your staff longer.

Make sustainable swaps

Installing smart switches, using low-watt LED lightbulbs, and being aware of what appliances are being used and for how long can significantly reduce costs.

LED lightbulbs are energy-efficient and conserve up to 80 per cent more energy than traditional lighting. With 95 per cent of energy converted into light, only five per cent is wasted as heat compared to a traditional lightbulb that only converts 10 per cent of energy into light.

Smart switches act as any traditional switch but can be controlled via an app on your phone to create a schedule. This means you can programme the lights to turn on and off automatically throughout the day.

For more information, get in touch to discuss how pub finance could benefit your business venture.

How to Make Money from Your Bed and Breakfast

The prospect of setting up your bed and breakfast can be an exciting thought. Whether you plan on transforming a second home or have a spare room or two in your current house, B&Bs can be a great way to generate income.

But with so many upfront costs, how can you make money from your bed and breakfast? This article will highlight five ways you can save and make money from your bed and breakfast.

1. Calculate the costs

Operating a bed and breakfast is about more than just what meets the eye. There are many hidden costs in running a B&B that need to be carefully managed to ensure you are running a profitable business.

It is expected that at some point you will need to invest in redecorating, guest room furniture and furnishings and building maintenance but this is on top of safety tests and regulations, marketing and advertising costs and soaring energy bills.

To ensure your bed and breakfast is making you money, regularly calculate your costs. This means comparing your monthly expenditure to your income to see where and how you can make cuts if necessary.

2. Offer fast wi-fi speeds

It may seem a simple suggestion but living in a digital age means fast-speed internet access is a priority to many. Guests will appreciate good internet speeds during their stay so they can remain connected to friends and family.

If the Wi-Fi password is not immediately obvious, your guests will be sure to ask. Keep things simple by presenting the Wi-Fi name and password to all guests on arrival.

Remember, if you are offering the fastest broadband in your area, this can be reflected in your pricing.

3. Go above and beyond

Word of mouth is one of the most powerful forms of marketing. If your guests feel welcomed, looked after and valued, they are increasingly likely to recommend your bed and breakfast to friends and family. They even leave you a glowing review on TripAdvisor or Google!

An exemplary service can be reflected in the price you charge for a stay at your B&B. By catering to each guest’s needs and requests, you provide a unique experience that can’t be replicated elsewhere.

4. Be spending smart

It may be obvious that you will need to monitor your spending but some purchases that you deem essential may be the total opposite.

For example, if your bed and breakfast has many rooms, each with a different colour palette or theme, it can be tempting to purchase colour-coordinated bed sheets and towels. However, purchasing white bedding and white towels for every room within your B&B can significantly help to cut down the amount of spare bedding required which consequently saves you money.

Similarly, if you serve breakfast, consider cutting costs by offering a limited menu rather than a buffet. This ensures your guests still get to enjoy a well-prepared meal while cutting down on waste.

5. Only accept bookings for multiple nights

In the beginning, you will want to attract as many guests as possible to your bed and breakfast even if they’re only staying for one night. Although this is a great way to generate reviews and ratings, it is a lot of physical work for a limited amount of money.

Between each guest changeover, you will be required to clean the room, wash bedding and towels and meet and greet each set of guests. Over a long period, this can become a costly and tiresome process.

Once established, consider only accepting booking for a minimum of two nights. This gives you more time to create great relationships with your guests and cut down on cleaning, laundry and ironing costs.

At Stewart Hindley, we are proven financial brokers that are proud of what we do. For information about bed and breakfast finance, please get in touch and find out how we can help you.