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Brisbane

Level 1
200 Mary Street

Brisbane QLD 4000

GPO Box 1087
Brisbane QLD 4001

PH: (07) 3002 4800

Fax: (07) 3229 5603

Gold Coast

Level 13,
50 Cavill Avenue,
Surfers Paradise Qld 4217

PH: (07) 5591 1661

Fax: (07) 5591 1772

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When Should Clubs Re-Open For Business To Ensure Their Survival?

It has been a difficult time for the Hospitality/Clubs industry during COVID-19 over the past 3 months. With the recent roadmap released by Queensland Government for easing restrictions over three stages, many clubs are now faced with the challenge of when they should open to be financially viable.

Before you consider re-opening, you should seriously consider these questions:

  • Have you completed any financial modelling,  including break-even analysis to plan ahead and minimize your business risks taking the roadmap into consideration?
  • Are you opening just for the sake of opening, which may be negatively impacting your long term financial sustainability?

As specialists in the Hospitality industry, MGI South Queensland Accountants, Business Advisors & Auditors can help you make the right decisions about when you should re-open your club to make financial sense.

MGI South Queensland is offering a FREE 1 HOUR CONSULTATION with one of our experienced Accountants to help guide you make the right decisions for your club.

Simply submit your contact details below and our MGI South Qld team will be in touch.

Book a Hospitality & Clubs Review

About the author

Steve Greene

Director, Audit & External CFO Services, Auditor Brisbane

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