Feasibility study

A feasibility study is a systematic analysis that assesses the viability and potential success of a proposed hospitality project or venture. It evaluates various factors such as market demand, financial viability, operational requirements, and regulatory considerations to determine if the project is feasible and worth pursuing. The study helps stakeholders make informed decisions and minimize risks by providing insights into the project's potential profitability and sustainability.

Pre-Opening budget

A pre-opening budget in industry refers to the financial plan and allocation of funds specifically for the period prior to the official opening of a hotel, restaurant, or other hospitality establishment. It includes expenses related to marketing, hiring and training staff, purchasing equipment and supplies, renovating or constructing the property, and other costs associated with preparing the business for operations. The pre-opening budget is crucial for ensuring that the establishment is properly prepared to offer high-quality services and attract customers from the very beginning.

P&L

We can work with your organization to develop a well-structured Profit & Loss statement that is tailored to your specific needs and requirements. By considering your revenue streams, expenses, and other financial aspects, we can create an accurate representation of your organization's financial performance. This will provide you with valuable insights and help you make informed decisions to improve profitability and manage costs effectively.

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