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23 February 2024
Online webinar

Free Friday Webinar: How do I find the breakeven point for my hospitality business?

23 Feb 2024

This series is aimed at all those seeking to learn more about hospitality finance. Each session commences at 2.00pm and last for 45 minutes which includes time for questions and a quick quiz to complete the session.

How do I find out what level of customers or revenue will be profit making? This is called reaching the breakeven point - a really important fact to know!

Most businesses have a combination of both fixed and variable costs in the Profit and Loss account. Fixed costs are the most challenging and these can be in departmental costs - such as payroll and also in the overhead or undistributed operating expenses. It is widely thought that hotels with a typical mix of accommodation and F&B business will need at least 30% occupancy to achieve breakeven.

In this session we will look at how to manage fixed costs, variable costs and how to find the breakeven point for your business. We will look at simple business models with one type of revenue - for example F&B through to a complex sales mix.

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Key Dates

Friday 23rd February 14.00 - 15.00pm

Entry Requirements

For all those in hospitality businesses planning for revised levels of business and increasing operational costs.

Organisations Involved

The webinar will be hosted by Debra Adams, owner at arena4finance.

Debra Adams is the founder of the business, a leading practitioner in developing courses for improving financial know how and commercial acumen in the service sectors. She is the author of the highly acclaimed textbook 'Strategic Management Accounting for the Hospitality, Tourism and Leisure Industries' now available here in 2nd edition. The third edition is to be published by Goodfellow Publishing in 2024.

Session Details

In this 45 minute webinar delegates will learn more about:

  • Identifying fixed and variable costs
  • Calculating the contribution from each product or service sold
  • Calculating the breakeven point
  • Monitoring sales mix and the impact on breakeven

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