Leisure and Tourism

Leisure and Tourism
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One of the fundamental businesses found in all communities bringing a huge boost to local economies. From small bed and breakfast operations in rural locations to independent hotels in town centres, there are key criteria in building an offer and running a successful enterprise.
How do you enter this business sector successfully? Below are the key considerations we will be developing with you.

PLANNING YOUR OFFER

  • What makes you remarkable, what to offer
  • Fixtures and fittings, interior design
  • Added value (meals, drinks, wifi, TV, taxi service, offroad parking)

FINANCE

  • Setting your price, working out budgets
  • Understanding overheads
  • Bookkeeping, accounting
  • HMRC; tax returns; you can earn £7,500 pa tax free for part rentals

PLANNING REGULATIONS

  • Check with local authority
  • Consult with neighbours with parking, late arrivals, noise etc

INSURANCE

  • Do you need mortgage lender permission
  • Leasehold? Check with Freeholder

BUSINESS/COMPANY set up and management, legal responsibilities

  • Managing reservations and administration
  • Keeping customer records
  • Taking payments – methods
  • Protecting customer property
  • Sole trader or limited company?

HEALTH & SAFETY

  • Kitchen hygiene
  • Annual gas safety check
  • Fire regulations and compliance, smoke and carbon monoxide detectors (www.firesafetysense.com)
  • PAC testing and annual electrics test
  • Energy performance certificate if letting for more than 4 months
  • Security and safety; issuing keys, access to premises

MARKETING

  • What exactly are you selling, what is your strategy
  • Is there a niche customer base, can you profile the customer, define your market
  • Networking, joining local groups B&B Associations
  • What will the perception of your offer be, advertising and PR
  • Creating your own web site
  • Using online marketing sites; airbandb, trivago, Trip Advisor, booking.com

CONSIDERING AND EXIT STRATEGY

  • Selling an ongoing business

WHERE TO GET MORE ADVICE:

Please get in touch to find out more
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