Operational Viability Reviews Case Study

Situation

 

We were instructed by a firm of solicitors, to operate and manage a busy wet-led town centre public house, due to the business owner suddenly passing away. The solicitors had been left to deal with the estate and required assistance.

 

Our goal was to quickly bring the business into line and to sort out the short comings we found on legal matters and health and safety legislation. In addition we analysed the financial position of the business and produced a short term plan to clear the inherent debt so as to maximise the price on the eventual disposal of the business.

 

Initiatives/Results

 

We operated the Business for 7 months enabling profits to clear ongoing creditors

New and existing supplier terms negotiated to aid cash flow

Staffing situation stabilised and improved due to better communication and training

Stock losses eradicated

Arranged for essential repairs to be carried out

Advised on disposal to enable uplift on disposal price to the benefit of the estate