If you need help to improve sales and profit, but are unsure who to approach, your consultant can become a mentor, and often a friend, acting as a confidante and supporter for your business.
JH Quick Business Tests
If you and your team can manage the following easily, there is no need to attend our finance and management information workshop. If you have room for improvement, book some places!
A restaurant has plans to convert an old barn into a small function room following research that indicates an unsatisfied demand locally for private dining and celebrations.
The development will incur the following costs:
• Fixed cost of £25,000 per annum covering fixed loan repayments, depreciation, increased rates and insurances.
• Variable costs of 40% of sales covering labour and operating costs (laundry, china, glassware, cleaning, energy etc)
The gross profit margin is aiming to achieve 60% of net sales
The average spend is estimated to be £25.00 per person excluding VAT.
Calculate how many covers are needed to break even.
Restaurant “Chic” is running a series of themed evenings to develop new business and secure existing customer loyalty.
The additional costs for the first themed evening, a Bavarian experience, are:-
Staff uniforms £300
Oompah band £400
Flyers £50
What extra sales need to be generated to cover the costs if the gross profit for food and drinks is? : -
1. 70%
2. 60%
3. 50%
Which of the following items would a business want to sell most of?
| Item |
Cost Price £ |
GP% |
| Dover Sole |
4.50 |
48 |
| Kebabs |
3.00 |
62 |
| Lobster |
5.00 |
48 |
| Peppered Minute Steak |
3.75 |
54 |
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