All Spaces within venue
Easy to use
Peak Season Calculations
Small Investment - Huge Return
This is one of the most common areas I see underutilised for venues – no matter the size. You may be surprised to hear that there is a mathematical strategy behind Minimum Spends and Venue Hire and this equates to a huge addition to your yearly revenue. But why are Minimum Spend and Venue Hire documents put in place? Here are a few reasons:
They’re calculated utilising various items including your general takings on a specific day and time of year – this is to ensure that when you say YES to an exclusive event with a Minimum Spend that you are certainly making more money than you would should you just open to public
Minimum Spends assist with locking in clients at a certain rate – should their numbers change, you are still guaranteed a minimum on food and beverage
Venue Hire IS your negotiation tool. Why would you negotiate on a something that includes GP when Venue Hire is 100% GP
It gives your Event Teams complete autonomy using the MS & VH documents that have strategically been put together and signed of by upper management.
Faster turn around and more informed Proposals for your clients
I really enjoy putting together and teaching venues how to implement Minimum Spends and Venue Hire – these processes will naturally increase your revenue and will pay for itself in a short period of time.
You can be a small bar or restaurant or a 2000 capacity venue – we will increase your revenue utilising our Minimum Spend & Venue Hire document.