Get Ready for 2020- Restaurant End of Year Checklist
The Georgia Hospitality & Foodservice Network (GAHFN) is a full-service, restaurant consulting firm comprised of a network of industry consultants, service providers and educators to help you succeed with hospitality visibility boost packages, restaurant consulting, education and connections.
Based in Georgia, our team helps local & national brands achieve bottom-line growth. GAHFN works with independent operators, franchise groups, mom & pops, concessionaires, multi-unit restaurant operators, hotels and chains.
· Restaurant Consulting
· Hospitality Visibility Packages
· Connections packages that include:
Connections Packages- Match operators with industry partners to solve day-to-day challenges
Operations focused education
As a restaurant consultant I spend a lot of time with business owners looking ahead and planning how to implement improvements. So, with less than (1) month left in 2019, check out these year-end planning and positioning recommendations for 2020.
END OF YEAR CHECKLIST
Mock Health Inspection- get 1 done.
We have great food safety professional who can ensure you are ready. Discounted rate available for members.
Renew Business License
Have Grease Trap- serviced or inspected
Deep Clean Restaurant
Get Fire Extinguishers serviced
Get with your CPA. Do not wait until January. You may need to pay some bills, make retirement contributions, etc. to record them for 2019. Some of these may not be available to you after January 1. Also, make sure you are in position to pay estimated taxes on 1/15/2020 if you will have a liability.
2. Make sure you are receiving all available tax credits for employees as well.
The key here is to have minimum inventory on 12/31/2019. You will probably pay property or ad valorem taxes on inventory value.
Restaurants obviously must keep buying food because it is perishable. I suggest you limit/curtail major purchasing/receiving between Thanksgiving and January 1. Only receive what you are confident you will sell before the holidays.
If you are selling food, and you are scrambling at this point for your holiday business, it’s really too late. You should have been planning for the holidays as early as summer. Look to 2020.
Start planning marketing strategies for next year
Have next year’s marketing plan (and financial budget) completed by Thanksgiving. If not, how do you know what you are going to be doing in January and February? Keep in mind these upcoming events:
College football playoffs
Try to learn from your current operations issues. After the New Year, sit down and do an evaluation of what went wrong (and right) while it is still fresh in your mind, and figure out what you need to do different. Call me at 404-465-9902 and we can put together a game plan for next year.
Yours in Service,
Georgia Hospitality & Foodservice Network
CEO |Chief Hospitality Consultant
firstname.lastname@example.org | www.gahfn.com | 404-465-9902
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