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 focus on maximising returns and planning for the best outcomes. With milestones and value-based billings, our goal is always to find the right solutions first.
Working in small teams, we believe in delivering creative, executable plans. Our team is highly resource-driven, utilising our vast networks whenever possible.
We see the people and potential behind the numbers. Our service is personable and long-term focused, with the right balance between financial and individual.
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.
Read our latest articles and insights on the world of business insolvency in Australia.
As we review 2024, we see many Australian industries battle yet another year of volatility, none more so than the construction sector. Construction companies have ...
Insolvency, like many industries in Australia, has long been a male-dominated one, with women facing a significant lack of representation. Whether it’s seeking employment or ...
Understanding business insolvency can be daunting, but it’s crucial knowledge for many company directors. As we undergo a period of uncertainty, directors must be aware ...
