Self-employed in the catering industry
If there is a desire for business start-ups that is mentioned very often, then opening a pub or bar is an essential part of it. But to be self-employed in the catering trade and especially running a pub requires a lot more than properly tapping beer and serving something edible.
Opening and running a pub is not an easy thing for anyone outside the industry. But even if you have raised the necessary capital and mastered the opening well, the real work and problems are only just beginning.
Independent in gastronomy - calculation of costs
- As a statistically acceptable cost structure in gastronomy (example leased restaurant and sales up to 150,000 euros) you can get 10 percent each as rent and energy costs as well as 8 percent each Interest charges/steer/ View taxes and operating costs / Administration. Another 17 percent is calculated for personnel, 30 percent for the cost of goods. After all, you have to calculate an operational success that should account for around 15 percent.
- As a catering business with food sales, you will hardly be able to avoid personnel costs. Cooking and serving at the same time will quickly make guests resentful.
- In a pub, however, it only has to be a small snack menu. This can be prepared promptly between order acceptance and the serving of beer or long in advance.
- Saving on the cost of goods has its limits in gastronomy. Buying good goods cheaply, however, offers potential for savings.
- In a leasehold bar tied to a brewery, it is hardly possible to influence the price of the drinks when shopping.
Before the first couple of beers can be tapped, there are a few visits to the authorities ...
Keep the cash book for proper bookkeeping
If you run a pub on your own, you need an overview of your finances - and not after a few weeks when the tax advisor sends you the bill. The easiest way to do this is to do yours accounting with a cash book by keeping track of all your operations cash movements.
- Specifically, this means that you record every amount of money that you receive and pay in cash. Alternatively, as a self-employed person, you can choose an income-surplus-calculation. In this case, a cash book is usually not required.
- The cash book thus contains cash receipts from the daily pub operations and cash payments, for example when buying goods, for refueling or leasing payments.
- Furthermore, all private withdrawals and private deposits as well as amounts of money withdrawn from the bank account that reach the cash register as a deposit are recorded. Finally, you record the withdrawal of money for deposit at your bank.
A cash book is also the basis for fulfilling your obligation to return VAT. Even if there is no obligation to keep a cash book: The electronic reporting of the sales tax collected to the tax office is always one.
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