STOCK TAKE – HOSPITALITY STOCKTAKING

Stocktake Services tailored to your individual needs

Whether you own a pub or a bar, large or small, having an accurate stock take is essential to the financial health of your business. At Stocktake UK we have a nationwide Stocktakers to support you with all of your pub and bar stock take needs. Our extensive industry experience, paired with local knowledge allows us to offer tailored services to meet your individual needs including:

  • Identifying actual stock performance against expected – theft or stock loss.

  • Analysing your purchases – making sure you only pay for what you’ve agreed.

  • Product by product analysis – ensuring every product line performs to the maximum.

  • Stockholding – identify if your cash is being held needlessly in a cellar instead of in your bank.

  • Gross profit calculator – reports the average profit values you make each day.

These pub stock take services allow you to identify potential areas where you can make operational efficiencies and maximise profits by reducing waste, such as loss or theft.

Our Stocktaker using a Kegcheck

“Our services could make the difference between success and failure…”

Stephen Grantham, Stocktake UK

Our pub and bar stocktaking services

Comprehensive Food & Liquor reporting

On-site reports, available to you on the day of the stocktake*. Our comprehensive level of reporting is designed for all business types and needs. Printed and electronic copies are available.

*subject to information supplied

Business Certificates

Whether you’re buying or selling we’ll provide an accurate and independent valuation of the stock held. At your business’s year-end we’ll provide you with a Valuation Certificate so your Accountant can produce your annual Profit & Loss Account.

Consultancy

Most importantly we’ll discuss the report with you. Highlight our findings, and advise you what action you may need to take.

Increased Profitability

We know from experience that our service improves not only the professional way you run the business but also increases profitability.

The need to track inventory with pub and bar stocktaking services

By tracking key elements needed to improve profitability, you can quickly take remedial action – prompt action saves money.

Not only do we utilise our own industry-leading software to deliver these reports, but our stock takers are both knowledgeable and local. Their experience, and extensive reports, provide you with the information to gain the maximum from your business.

You may ask, “Why not just wait for the Accountants’ annual Profit & Loss account?” That will be months after the end of your trading year. Stocktake UK’s service is generally a monthly service (maybe longer if only minor issues are identified) and in far greater detail to that of your Accountant, thereby addressing problems as they arise, not months later.

Pub and bar stocktaking allows establishments owners a wealth of benefits, which include the ability to:

  • Identify Discrepancies: Pub stocktaking allows you to identify any stock discrepancies you may have. These could be due to wastage, spoilage or theft. Quickly and regularly being able to identify these discrepancies allows you to take corrective and preventative measures.

  • Improve Profitability: Pub & bar stocktaking services are key to the financial health of your business. Accurate stock levels allow you to reduce over-ordering and wastage, whilst identifying your most profitable and best-selling items. All of which help improve your profit margins.

  • Streamline Ordering: Bar stocktaking allows you to keep accurate and quickly accessible stock levels. This means you can quickly assess what stock needs ordering and when. In addition by tracking sales patterns, you can more accurately predict future demand.

  • Meet Legal Requirements: Limited companies must keep accurate records of their assets and submit these as part of their company accounts annually. Having instant access to inventory helps ensure your compliance with these regulations.

  • Increase Customer Satisfaction: Having a better understating of your inventory allows you to ensure that you always have popular items in stock and avoid running low on products that your customers want. This helps you to improve customer experience and increase repeat business.

Logonn – Our online stock management system

In addition to traditional stocktaking services, our internet-based stock management system ‘Logonn’ provides a valuable and efficient tool to conduct in-house stock auditing, with 24/7 access and support by stocktaking experts. Operating from any internet-connected PC, LOGONN allows interim stock results, line checks and historical reporting at a time suitable to the end user, all for a fraction of the costs of other comparable systems.

Discover more about Logonn and download a free trial at: https://www.logonn.co.uk

Explore The Possibilities

Are you looking for Stocktaking Services or are you considering joining our team of Stocktakers? Contact our team on 0800 027 4128, email info@stocktakeuk.co.uk or fill in the form below to take the next step.

Stocktake UK on Yell