New restaurants in Australia grow at an annual rate of 4.7% each year. However, the hospitality sector also faces significant challenges, including the highest rate of insolvencies among developed nations.
The sector has faced significant challenges in recent times, including consumer demand shifts post-pandemic and navigating operational challenges such as credit card reservations and cancellation fees. Meanwhile, the high cost of international airfare has spurred greater demand for domestic accommodation, particularly in regional areas.
Geopolitical conflict has exacerbated price increases for essential food items, adding pressure on Australian food service providers who are forced to pass these rising costs onto consumers. With more consumers battling cost of living pressures, businesses in the sector must look for alternate streams of revenue and restructure their organisations to repay debts.
Our team have worked on the restructuring of several large Australian restaurant groups and understands the complex challenges faced by operators in terms of national supply chains and staffing. We understand the unique pressures of managing multiple locations, maintaining consistency across the business, and addressing wage and supply chain demands in a tight labor market.
Our experience extends to navigating the intricacies of cost management, menu pricing adjustments, and the ever-changing regulatory environment.
With decades of combined restructuring and advisory experience, our team offers sound advice in all business scenarios.
We operate in small, senior teams to deliver a personalised advisory approach that is unique to each individual client.
We assign a team of specialists to each advisory project, empowering our clients with the right advisory experience and knowledge.
Our people deliver sound and effective outcomes. We aim to provide clients with the most practical and executable recommendations.
We blend in seamlessly with our client’s internal management, supporting their business with our personal market knowledge.
Our dedicated team of advisors are here to provide expert guidance and personalised solutions for your business.
Olvera principals were appointed as Voluntary Administrators of the Keystone group. We played a key role in facilitating the ongoing trading operations and venue sales.
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