Small Investment - Huge Return
MINIMUM SPENDS & VENUE HIRE
This is one of the most common areas we see underutilised for venues – no matter the size. You may be surprised to hear that there is a mathematical strategy behind Minimum Spends and Venue Hire and this equates to a huge addition to your yearly revenue. But why are Minimum Spend and Venue Hire documents put in place? Here are a few reasons:
They’re calculated utilising various items including your general takings on a specific day and time of year – this is to ensure that when you say YES to an exclusive event with a Minimum Spend that you are certainly making more money than you would should you just open to public
Minimum Spends assist with locking in clients at a certain rate – should their numbers change, you are still guaranteed a minimum on food and beverage
Venue Hire IS your negotiation tool. Why would you negotiate on a something that includes GP when Venue Hire is 100% GP
It gives your Event Teams complete autonomy using the MS & VH documents that have strategically been put together and signed of by upper management.
Faster turn around and more informed Proposals for your clients
We really enjoy putting together and teaching venues how
to implement Minimum Spends and Venue Hire – these
processes will naturally increase your revenue and will pay for
itself in a short period of time.
You can be a small bar or restaurant or a 2000 capacity venue – we will increase your revenue utilising our Minimum Spend & Venue Hire document.
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