PJT Accountants and Business Advisors are a pro-active business advisory and accounting firm specialising in the hotel, motel, resort, caravan park and accommodation services industries.
Our team understands the unique needs of the accommodation industry, and are well placed to advise you on the industry whether you’re looking to establish or purchase a hotel, motel or resort, or are running an established business. PJT can assist with valuations, purchase price negotiation and guiding you on freehold Vs leasehold decisions.
PJT’s experts can then help you with specific operational issues including managing your cash flow, improving business efficiencies, increasing your profits and the underlying valuation of the business. We understand the pressures facing owners in the accommodation industry, including:
For rental accommodation facility, food service, liquor or gaming licensing
How to manage in a crisis, such as flood, fire, vandalism, freezer breakdown, fraud. Ensure your insurance coverage and procedures in place to identify and manage issues.
Food and Beverage Industry Regulations
Operating under health department guidelines, RSA requirements for service of alcohol
Premises, guest security, staff security, fraud and theft. Understanding your obligations as a business owner to your employees, guests, visitors and contractors.
Infection Control and maintenance
Best practice, risk mitigation, containment measures, maintenance, WH&S and legal obligations, infection control regulations and standards
Refurbishment plans and payback period
Planning refurbishments, ensuring return on investment is sound, approvals, trading or closing for major renovations and planning for this impact to cashflow.
Staffing, rostering, managing night shifts
Scheduling across multiple positions and shifts, security issues, managing shifts, clocking on and off, payroll and rostering systems, effective out of hours reception management, kiosk systems.
Asset protection and insurance
Protecting your assets, trading in the best entity, insurance requirements and options, what to do in the event of a claim.
Policies and procedures, staff training, issues management
Workplace health and safety, training your team, protecting your interests, risk mitigation and issues management
Occupancy rates vs return, alternative pricing models
Analysing your current occupancy rate vs industry standard, investigating and testing alternative pricing models.
Seasonality and cash flow planning
Managing your cash flow year round, identifying peaks and troughs, growing your occupancy in off-peak seasons to bolster cashflow.
Balancing work and lifestyle
Just because you own your own business doesn’t mean life stops. Your business should support your lifestyle, if the balance is out let us help with lifestyle planning strategies.
Leasing and Management Rights
Freehold or leasehold decisions, buying, funding, insurance, managing risk and return and making the right decision for your lifestyle and ensuring the business case for management rights stacks up.
Our firm also partners with specialists in the industry including finance, insurance, valuation and broking firms, and can work with you to select the right expertise to assist your needs.
Whether you’re looking to enter the Accommodation Services industry or are currently running your own established business in this industry, ensure you have the right industry-experienced team to advise you. Contact Wayne Patten and the team at PJT Accountants and Business Advisors for a confidential no-obligation discussion today.
What Client's Say
"Wayne and his team at PJT are still providing me with innovative advice which has given me the confidence to make positive game changing decisions and take my business to the next level."
- Sean Haydock, owner of Crown Hotel Innisfail (Full Testimonial)
"Thanks to Wayne Patten and the team at PJT Accountants & Business Advisors, they helped me restore sanity when all around seemed like it was getting too hard. PJT seemed to know when to press which buttons and what the market was doing before it knew itself. This is evident by the way Hotel Brokers who know Wayne talk about him and ring for advice from time to time. You know you mean something to an advisor when he turns up just days after a fire which wipes out a Bottle Shop at Christmas time! Would your advisor do that for you?"
Rod Henrich, previous owner of Whitebull Tavern, Roma