In today's uncertain climate, an immediate sale is often the very worst option. with reduced returns and a limited upside, it often leaves both the owner and major creditor out of pocket.
We are seeing a number of businesses being pushed closer to the edge and we have many years experience managing distressed pub, bar, restaurants and hotels assets on behalf of owners, liquidators, banks, breweries and pub companies, from individual properties to multiple sites.
HO will assess the business and from day one, seek to improve operational profitability and outlet standards.
Within a short time you will see an improved bottom line and whilst this is being undertaken you can take your time to seek the best possible price for the benefit of owner/creditors. Alternatively with sales and the business value rising you may want to wait for retail and real estate values to rise.
At least with HO at the helm, you do not need to rush whatever decision you take.
HO perform all day to day operational and financial duties, provide regular reports on the business and flag any serious issues as soon as they come to light.
In addition, you cannot have a business which fails to comply with the latest legislation on employment, food hygiene, health and safety etc. The authorities are not interested in how long you have owned it or managed it- there are no grey areas.
HO will motivate the existing team and where ever possible, invite them to take the journey with us. They understand the business and the customers, with the right training and the right support they could make the difference in how quickly we can turn around an outlet.
We will look at the business offer to ensure it meets what the area, the customers and the marketplace wants.
We will work with suppliers and introduce new ones to ensure that the business are buying at the very best prices.
Our competitive fee structure makes certain that all costs are transparent and that there is no duplication of workload and effort.