As revealed in R&CA’s 2018 Benchmarking Report, the pressures on restaurant owners’ profit margins and bottom lines are as intense as they have ever been. The proportion of expenditure across all major business expense items has either increased or remained the same from the previous financial year, from rent to electricity, to staff wages and insurance costs.
While total turnover in the cafe, restaurant and catering sector is growing as well, it may not be enough for all businesses to cover the increased costs of staying open. It is now more important than ever for business owners to be aware of their operating costs to avoid the prospect of having to close their businesses for good.
R&CA urges members experiencing financial stress to contact the Association for help. The Association engages a number of different industry suppliers and partners as associate members to provide special offers and specialist services which can result in significant savings for members.
Whether it’s apparel, menus, music, vehicles, telecommunications or assistance with superannuation you are looking for, it is highly likely that one of R&CA’s many partnerships can save you money. To take advantage of these special offers, be sure to contact the Association today on 1300 722 878.
Juliana Payne, CEO
Restaurant & Catering Australia