How much value does the ‘sustainable’ label add to a hospitality business for sale? An accountant will generally value a business based on a multiple of its profit added to the value of any property included. However, buyers will often pay more for a business for sale if they perceive it to boast a strong brand or unique selling point that the financials don’t account … [Read more...]
Europe’s pork supply contracting fast: shortages and price rises unavoidable
A world shortage of pork and bacon next year is now unavoidable, says Britain's National Pig Association. But British supermarkets can protect consumers from shortages and steep price rises if they pay Britain's loss-making pig farmers a fair price, to help them remain in production. The same, presumably, applies to the hospitality sector – which will usually not enjoy the … [Read more...]
Adnams: one of UK’s ‘Coolest Brands’
Adnams has officially been named a CoolBrand, in an influential annual initiative to identify the UK’s coolest brands. The CoolBrands® list, now in its eleventh year, follows a vote by a combination of just under 3,000 consumers and a panel of 39 designers, style experts, media personalities and prominent figures from the worlds of TV, fashion and music. Co-ordinated by The … [Read more...]
Successful year for Shepherd Neame
The Kent-based brewer and pub operator, has announced its results for the 53 weeks ended 30 June 2012. Financial performance: Turnover up 9.6% to £133.0m (2011: £121.3m) Operating profit before exceptionals up 3.7% to £12.7m (2011: £12.3m) Profit before tax up 39.7% to £9.1m (2011: £6.5m) Basic earnings per £1 share up 58.7% to 54.6p (2011: … [Read more...]
Who serves the ‘Best British Roast Dinner’? Finalists announced
This summer, British Roast Dinner Week, sponsored by Knorr Gravy, challenged the industry to ‘boast their roasts’ and put forward their award-winning roast dinners as part of its mystery diner competition. Five finalists have now been chosen, beating hundreds of operators, for their take on one of the nation’s favourite dishes, and are one step closer to winning the … [Read more...]