Fine Food Australia is one of the most significant trade events in the hospitality sector, drawing thousands of foodservice professionals, restaurateurs, café owners, and suppliers from across the globe. Celebrating its 40th year in 2024, this event in Melbourne saw over 425 exhibitors showcasing innovations in food, equipment, technology, and services for the hospitality industry (Hospitality Magazine) (Hospitality Directory).
At Profitability Partners, we had the privilege of connecting with industry leaders, showcasing how our combined accounting services and profitability coaching drive real results for hospitality venues. During the event, we were thrilled to catch up with clients such as Liam Ganley & Finn Brennan of Ganley Group, operators of The Fifth Province, Freddie’s, Angus & Bon and The Bay Hotel . They attended Alistair Jarvis’s presentation on Planning a Profit at the Talking Trends Stage, where he broke down our proprietary PERI model (Planning, Execution, Results, Improvement)—a crucial framework for turning venues into profitable enterprises.
We also had the pleasure of meeting Jason Sheather of Greenstreat, with whom we discussed financial strategies that align with Greenstreat’s mission to balance sustainability with profitability. Additionally, Lisa Hilbert of Tea Tonic and David Neitz of Brewmanity stopped by our booth to explore the opportunities that profitability coaching and advanced accounting practices can offer to their growing businesses.
Jackson McGrath of Greenstreat, during his session at the Crunch Stage, highlighted the importance of knowing your financial numbers, managing costs, and setting realistic targets. His talk, titled “What Are the Targets I Should Be Aiming For?”, focused on how venues can maximise their revenue by understanding key financial metrics and setting cost-management goals.
Key Takeaways from Fine Food Australia 2024
- Industry Insights and Trends: Fine Food Australia 2024 provided a clear view of emerging trends in the hospitality industry. Venues that embrace data-driven financial management will stay ahead of the curve. Profitability Partners is committed to helping venues track key metrics like COGS, wages, and EBITDA to maximise profit margins.
- Alistair Jarvis’s Session on the PERI Model: Alistair Jarvis’s presentation on the Talking Trends Stage attracted venue operators seeking actionable steps to increase profitability. By focusing on Planning, Execution, Results, and Improvement, Alistair outlined how effective accounting services and profitability coaching are crucial for long-term success.
- Networking and Collaboration: Fine Food Australia also offered us the opportunity to engage with key players in the hospitality industry. Meeting with industry leaders like David Neitz of Brewmanity and Lisa Hilbert of Tea Tonic enabled us to showcase how our tailored accounting and profitability strategies can help hospitality businesses grow and thrive.
How Profitability Coaching and Accounting Can Transform Your Venue
Our approach at Profitability Partners goes beyond basic bookkeeping. We combine expert accounting services with profitability coaching to offer venues a comprehensive strategy for financial success. Whether it’s improving labour costs or managing inventory, we help venues reduce costs while maintaining high operational standards.
Ready to transform your venue’s profitability? Book a Profit Finding Session with us today to learn how we can help you grow your business.
