We specialise in providing accounting services and business support for restaurants, pubs, and coffee shops. Creating a profitable food and drink business is a goal for many people. We work with you to reduce administration, improve your business processes, take care of the taxman, and help you survive and thrive.
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The restaurant business operates on thin margins. Even the top restaurant chains struggle with profitability.
As a business owner, you have the headache of staff costs, buying quality ingredients at the best possible price, and paying rent, rates and utilities.
While it may seem challenging at first to have a high restaurant profit margin, you can still achieve it with a little hard work and a proper strategy.
In this free E-Book, we will first discuss how to measure your restaurant profits, and then give you ten different ways to increase them.
Our clients in this sector include
- Restaurants
- Cafes
- Pubs
- Bars
- Hotels
- Food & Drink retailers
- Off-licences
In our experience, the most effective business owners in this sector have a decent understanding of numbers. You will understand how to navigate around a P&L and have an in depth knowledge of creating and pricing menus that will achieve a certain profit margin.
However, our experience also tells us that a lot of restaurant, bar and cafe owners face similar challenges. They :
• struggle with paperwork
• don’t have an effective system for dealing with supplier payments
• often leave the book-keeping at the bottom of their ‘to-do’ list
• don’t plan effectively for VAT, PAYE and corporation tax payments
• work too long hours and don’t spend enough time with their families
We work best with tech-savvy business owners who understand the benefits of technology, are well organised, and who can provide us with information digitally. Gone are the days where you used to put all of your paperwork into a box file and hand it over to the accountant once a quarter.
Our ingredients for an A-plus accounting service are:
• Using the Xero accounting app and a cloud-based till system to capture data
• Our tech-savvy team who make sense of all of the data
• A suite of digital reports and electronic filings to keep the taxman happy
• Meaningful conversations with one of our experienced accountants about the health of your business
What services do One Accounting provide to Restaurant, Bar and Coffee Shop owners?
You can read more about our service packages here. Put simply, we can work with you to provide services that fit in with your budget and your ultimate business goals.
There are a variety of monthly, quarterly and annual HMRC reporting requirements, and we take care of these in all packages. We strongly recommend that you don’t prepare your own VAT returns or run your own payroll. We have a great team and we never miss a deadline. You work long hours and don’t want to have the pressure of being behind with the taxman.
Using great apps like Xero and Receipt Bank we will help to set up a ‘data capture’ system so you have a way of dealing with the reams of paperwork that seem to pile up. We can provide book-keeping for additional fees to reconcile the payments in your Xero accounting app, ensure all of your supplier bills are paid, and providing additional checks and balances on the accounts.
This package covers all of your accounting, tax, payroll and VAT needs. It’s a no-frills service designed to give you peace of mind that we’ve got your back with HMRC and Companies House.
You can book a call with one of our Directors here to discuss more about your business needs and how we might be able to work together.
This package includes quarterly reporting where we take a deep dive into how your business is performing, and work with you to improve the long-term profitability of your business. It also includes all of the core services included in the Bronze package.
You can book a call with one of our Directors here to discuss more about your business needs and how we might be able to work together.
This package is for growing Digital and E-Commerce businesses with multiple revenue streams or multiple sites that need the experience of a Finance Director but at a fraction of the cost of employing someone.
You can book a call with one of our Directors here to discuss more about your business needs and how we might be able to work together.
What do our clients say?
Next Steps
If you appreciate the value that a good accounting firm can bring to a small business, then please get in touch. The next step is to book an introductory call with one of our Directors, Chris Thomas or Neil Faulds, to tell us more about your professional services business. You can do that through an online form here, or call the office on 0131 220 0152. We can discuss your business needs, your current challenges, and provide an estimated fixed fee quote on the call.
