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Hospitality businesses are some of the most quickly impacted by external events.

Key to running a successful hospitality business is delivering a fantastic experience for customers, ensuring they want to return and give good feedback and reviews.

Like many other businesses the key to profitability in hospitality is managing costs such as food, beverages and labour. It’s vital to ensure pricing exceeds costs, also allowing for coverage of overheads and a profit margin.

Sales per customer in hospitality is a great KPI to give ‘front of house’ staff to ensure a good return on investment.

Well managed stock is vital to minimise wastage and theft, thereby improving profitability in hospitality businesses.

Cash flow management is key to ensuring the business can meet its commitments and remain liquid and viable.

Knowing the ‘breakeven sales point’ is a great start to setting targets to ensure profitability in a hospitality business.

A CFO On-Call can work with your business in the hospitality industry online when it makes sense and in person when you need it.

confidence to grow

Simple, accurate and timely reports to guide you to the right decisions.

increased profit

If your overall profit is made up of too many losers and not enough profitable lines you could be missing out.

cash flow results

‘Non financial’ information is what drives profit and Cash Flow results.

Boost Efficiencies

Analyse how things work and find ways to save time and money.

Top 9 Key Financial Performance Measures for a Hospitality Business - Order a copy of your FREE book today!
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We can help your hospitality businesses with:

Increase Profits
Most importantly, regular clients make a 51% improvement in profit.
Secure Bank Loans
Banks are more cautious than ever about lending money to businesses large and small. We’re experienced dealing with lenders and how they look at potential borrowers.
Manage Business Cash Flow
Whether you're looking to grow your business, have growing pains, issues with cash flow management can severely limit your business growth capacity.
Financial Modelling
Get a summary of your company's expenses and earnings to calculate the impact of future decisions and planning.
Cash Flow Forecasting
A Cash Flow Projection sets out the ‘peaks and troughs’ in the future of your cash position
Key Financial Reporting
Track, analyse and report your business income to examine resource usage, cash flow and more.
Business Exit Planning
Most business owners want to sell or exit their business one day. The question is what will it be worth and how can you maximise the value?
Strategic Financial Advice
Have an expert help with pricing, costing, margins, targets, interpreting management accounts
Growth Planning
A Virtual CFO can help you with growth and profit planning and can prepare projections for your bank or lender.
Systems & Processes
If you want to be freed up from your business, you need systems in place. Getting yourself, as business owner, ‘off the tools’ is vital to growing your business.

We have created an average of 51% profit increase.

A Part Time CFO is a ‘financial strategist’… Helping business owners to set a financial management plan, implement it and report on results and progress. Focus on the outcome is how we’ve helped clients to achieve such a great result!

Read Case Studies

Testimonials

“My CFO has provided me with a fantastic insight into the KPIs that really drive my business. We now have a better understanding of smarter pricing and the type of work that provides better margins.”
Kerry Matthews CEO Powerex
CFO = Matt Bliss
“He has taken the pressure off me. Net profit is growing and I’m confident our strategy can be implemented and turned into reality. I’m now living the dream - running the business remotely.”
Mike Brewill
CEO Velocity Electrical
“We’ve already made improvements of six figures! Our CFO On-Call’s experience has made a huge difference to our bottom line. He’s streamlined our processes and efficiency to better use our systems and people.”
Rodney Frost
Group GM lamson Paragon Group.
“We have the useful information we need to make the financial and business decisions at the right time. Our CFO’s input has led to a 27% improvement in profitability.”
Greg Jaques
GM Nolans Transport
“I was flying by the seat of my pants and not always enjoying the ride. One day great - the next day chaos. I was always putting out fires. I don’t want to go forward without my CFO On-Call. His blood is worth bottling!”
Richard Ching
CEO of QME
“I’ve now got the confidence to grow the business. I’ve got lots of ideas about business direction and his input is great. Our CFO On-Call is a valuable asset who helps with the planning and ensures cost effectiveness.”
Francis Vigliante
CEO of BRI
“My CFO has provided me with a fantastic insight into the KPIs that really drive my business. We now have a better understanding of smarter pricing and the type of work that provides better margins.”
Kerry Matthews
CEO Powerex

let’s get started

Virtual CFO’s Australia Wide. Tell us about your financial challenges. We can talk by phone, online or in person.

Call 1300 36 24 36
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FAQ’s

How much does a Virtual CFO cost?
Generally a Virtual CFO charges vary based on your business objectives and size. A good Virtual CFO will deliver many times their cost in improved profit, Cash Flow and business value. They should be able to identify ‘quick wins’ straight away for a business. You don’t need to supervise them… they walk in and identify quickly what needs fixing… after a brief discussion with a business owner.
Why do I need a Virtual CFO when I have an accountant?
Generally a Virtual CFO charges vary based on your business objectives and size. A good outsourced CFO will deliver many times their cost in improved profit, Cash Flow and business value. They should be able to identify ‘quick wins’ straight away for a business. You don’t need to supervise them… they walk in and identify quickly what needs fixing… after a brief discussion with a business owner.
How do CFO services help with Business Growth Guidance?
Business Growth can be a tricky time for business owners.  The resources required to achieve sustainable growth needs careful consideration.  It’s tempting to think that growth in sales will fix everything else, however CFOs have experienced situations where this definitely isn’t the case! With business growth comes a need for extra cash to cover more sales, extra resources e.g. premises, wages, stock etc. to deliver more sales.  This needs to be carefully understood and the cash requirement factored in.  Extra funds may need to be sourced externally and a CFO can help ensure a business gets the funding it needs.  A Virtual CFO acts as a facilitator with lenders/investors to answer their questions and present the business as an attractive proposition for them.

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