Operating a successful venue requires solid financials as well as a keen eye for maximising new revenue opportunities.

 

Venue operations and management is heading into an especially unpredictable period as the industry assesses the impact of the COVID-19 pandemic, which means it's more important than ever for venue owners and operators to be across their financials.

 

Venue Industry Consulting can provide a forensic level of scrutiny to the financial structure of your venue operations and assured guidance on how your venue can best navigate the times ahead.

 

Our experience with both the public and private sectors, as well as community groups, across a range of venue types enables Venue Industry Consulting to see the bigger financial picture.

 

We can provide an independent, impartial and thorough assessment of your venue's financial health, identifying both problem areas as well as growth opportunities.

 

One of our key areas of expertise is in aligning venues with untapped revenue stream opportunities. Often venue owners and operators have a fixed idea of what their venue does or what is suitable for the venue.

 

As experienced consultants, we can bring a fresh perspective to your venue's operations by reviewing current outlays and income and suggesting carefully budgeted and financially sound revenue expansion plans.

 

Here are a few of the services we can provide:

 

• Financial analysis of past, current and projected returns – a tailored plan for 'internal rate of return'

• Financial comparisons of various venue management models

• Cost competitiveness studies

• Overall financial modelling and long-term feasibility analysis

• Review and expansion of revenue streams to venue owner/operator

• Procurement strategy and tender assessment and advice

• Structured performance monitoring systems for visitation and revenue.

 

Venue Industry Consulting can provide you with insights and guidance to ensure your venue has the very best chance of thriving in the new financial environment.

 

If you would like to find out more about how we can improve your venue's financial health, please contact us on 0425 775 885 or mail@venueconsulting.com.au