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Case study 2: Pearl Hotel Melbourne branch has a bistro, sports bar and a bottle shop. The hotel promotes sustainable environment and is a perfect

Case study 2:

Pearl Hotel Melbourne branch has a bistro, sports bar and a bottle shop. The hotel promotes sustainable environment and is a perfect place for families that want to spend their holidays and want all the amenities under one place.

The hotel hires two managers that work five days a week including the weekends. There are two other supervisors as well that work on the night shifts.

As per the previous figures of the organization, the food cost accounts for 35% of the sales. Whereas, the beverages account for 40%. The management is unhappy with the outcomes and wants to reduce the figures and are working on/ researching new ways to manage and control stock.

In order to increase the sales, the business has started to offer loyalty cards to its customers who will receive a free meal after spending $150 on their loyalty card.

The hotel has the following projected budget for the first quarter of the financial year:

image text in transcribedimage text in transcribed
Total cost of sales , 68,130 70,040 204,260 Gross prot , 143,420 145,360 425,740 Expenses Accounting Advertising/promotions Bank charges 3,790 3,630 3,680 11,100 Cleaning contractor Commission credit card Small equipment replacement Laundry Legal fees Licence fees & permits Motor vehicle expenses 250 Maintenance Printing & stationery Rubbish removal Training & development 1,770 Wages & on-costs , , 292,520 Utilities , , 17,650 Total expenses 120, 430 121, 250 365, 340 NET PROFIT 16,530 , 24,110 60,400

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