Financial Modeling
THE LENS OF OPERATIONAL SUCCESS
As the F&B concept is established and refined, it is greatly influenced and further curated by in-depth financial development and labor models. This ensures that the F&B program is not only engaging and attractive to guests, efficient and comfortable for employees, but also built for maximum financial success. Hospitality Lab’s capabilities and deliverables include, but are not limited to:
▪ Develop Revenue Projections
▪ Assessment of various business models to support concept and activation.
▪ Develop a budget estimating pre-opening costs, including equipment cost projections, labor, training, marketing
▪ Create a custom financial pro-forma model, based on the proposed concept
▪ Management and hourly labor schedule