
Restaurant with Serious Cashflow Problems
James Sinclair's Business Broadcast
00:00
Three Challenges for Hospitality and Leisure Businesses
VAT is such a killer on hospitality and leisure. 20% of their take-ins just swiped away from them. They're buying zero-rated food and as soon as they cook it, it adds on for VAT. My teams are running the day-to-day and I have the opportunity to be creative within the business rather than having to firefight the day-To-Day issues. Victoria would put in four bowling alley lanes - that's what she would be doing. And then you get much more food sales, much more drink sales,. Much more ice cream sales and a much wider age group, soft play. Soon as kids are seven, that's it. Game over
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