Accounting & Business Advisory for Restaurants & Hospitality Businesses
Specialist Accounting, Tax & Business Advice for Restaurant and Hospitality
Running a successful hospitality business takes more than serving great food or delivering exceptional customer service. Rising food costs, staff shortages, award rates, rent, supplier price increases and changing customer expectations make hospitality one of Australia’s most challenging industries.
At Rick & Mon Business Consultants, we work closely with restaurants, cafés, takeaways, bars, pubs, catering businesses and hospitality operators across Australia, helping owners understand their numbers, improve profitability and build financially sustainable businesses.
With offices in Narre Warren and Truganina, we proudly support hospitality businesses throughout Melbourne and across Australia.
Whether you’re opening your first café, operating a busy restaurant or managing multiple hospitality venues, we’re here to help you build a stronger and more profitable business.
Supporting Hospitality Businesses of All Sizes
Hospitality businesses operate on tight margins where every dollar counts. A busy restaurant isn’t always a profitable restaurant. Food costs, wages, rent, utilities, delivery platform commissions and wastage all impact your bottom line.
Restaurant and hospitality businesses face constant financial and operational challenges, from rising food and beverage costs and staff shortages to payroll compliance, award rates, GST and BAS obligations. Managing cash flow, labour costs, stock, supplier pricing, equipment purchases, and seasonal demand is essential to maintaining profitability and long-term business success.
Whether you’re an independent operator or managing multiple venues, we provide advice tailored to your business.
Understanding Your Gross Profit
One of the biggest challenges in hospitality is maintaining healthy gross profit margins. Small increases in food costs or poor stock control can significantly reduce profitability.
We help clients monitor:
- Food Cost Percentage
- Beverage Margins
- Gross Profit
- Cost of Goods Sold
- Supplier Pricing
- Stock Wastage
- Portion Control
- Menu Profitability
Understanding these numbers helps business owners make informed decisions about pricing, purchasing and profitability.
Why Hospitality Businesses Choose Rick & Mon
We Understand Hospitality
We know the difference between a busy venue and a profitable venue. Our advice focuses on margins, labour costs, stock management and long-term business success.
Payroll Expertise
Hospitality payroll is one of the most complex areas of running a business. Our team understands payroll systems, employee obligations and award-related payroll considerations.
Practical Advice
We explain financial information in plain English and provide practical recommendations you can implement immediately.
Proactive Support
We work with clients throughout the year, helping identify opportunities before they become problems.
Complete Financial Services
Accounting, taxation, bookkeeping, payroll, business advisory and finance are all available under one roof.Accounting, taxation, bookkeeping, payroll, business advisory and finance are all available under one roof.
Tax Planning
We provide proactive tax planning throughout the year to help hospitality businesses:
- Legally minimise tax
- Plan equipment purchases
- Prepare for tax obligations
- Improve cash flow
- Avoid unexpected tax liabilities
Rather than simply lodging tax returns, we help you plan ahead.
Financial Reporting
Our financial reports help business owners understand:
- Sales performance
- Gross profit
- Labour costs
- Food Costs
- Operating Expenses
- Cash Flow
- Business profitability
These insights allow owners to make better business decisions throughout the year.
Payroll & Award Compliance
Hospitality payroll can be complicated. Award rates, penalty rates, public holidays, split shifts, overtime and casual loadings all require careful management.
Our experienced payroll team assists with:
- Payroll setup and management
- Single Touch Payroll (STP)
- Superannuation compliance
- Leave entitlements
- Payroll reporting
- End of financial year payroll requirements
- Award-related payroll considerations
By maintaining accurate payroll systems, we help reduce compliance risks and improve financial reporting.
Buying, Selling or Expanding a Hospitality Business
Whether you’re purchasing your first café or opening a second restaurant, we’re here to help.
We assist with:
- Financial due diligence
- Business structure advice
- Cash flow analysis
- Finance preparation
- Business purchase advice
- Tax planning
- Business valuations
Our advice helps you make informed investment decisions before committing to a purchase.
Cash Flow Management
Cash flow remains one of the biggest challenges facing hospitality businesses. Weekly wages, supplier invoices, rent and taxation obligations continue regardless of seasonal trading.
We help clients:
- Prepare cash flow forecasts
- Budget for tax obligations
- Monitor working capital
- Plan Stock purchases
- Prepare for quieter trading periods
- Improve financial stability
Good cash flow management gives business owners greater confidence when making business decisions.
Bookkeeping
Reliable bookkeeping is essential for hospitality businesses.
Our bookkeeping services include:
- Bank reconciliations
- Supplier invoices
- Payroll reconciliations
- Accounts payable
- Accounts receivable
- GST coding
- Financial reporting
Accurate records provide the information needed to make informed business decisions.
BAS & GST
Hospitality businesses process a large volume of transactions every day.
We assist with:
- BAS preparation
- GST reporting
- Merchant reconciliations
- Point of Sale reconciliations
- Delivery platform reconciliations
- ATO compliance
Accurate reporting provides confidence while reducing compliance risks.
Managing Labour Costs
For most hospitality businesses, wages are one of the largest operating expenses. Incorrect rostering or payroll mistakes can quickly affect profitability.
We help clients monitor:
- Labour Cost Percentage
- Payroll Expenses
- Overtime and Weekend rates
- Public Holiday Penalties
- Superannuation
- Leave Liabilities
- Employee On-Costs
Understanding labour costs allows business owners to balance excellent customer service with financial performance.
Mortgage & Finance Solutions
Growing a hospitality business often requires access to finance.
Our Mortgage & Finance division assists with:
- Business Purchase finance
- Equipment finance
- Kitchen Equipment Finance
- Vehicle Finance
- Commercial property finance
- Working capital facilities
- Refinancing
- Investment property finance
Because our accounting and finance teams work together, every lending decision is aligned with your overall financial strategy.
Our Process
A clear path from chaos to clarity.
01 · Initial Consultation
A free, no-pressure chat to understand your goals and situation.
02 · Financial Review
We assess your books, structure and obligations in detail.
03 · Strategy Development
We build a clear, tailored plan to save tax and improve cash flow.
04 · Ongoing Support
We stay alongside you year-round, adjusting as you grow.
Frequently Asked Questions
Yes. We review food costs, labour costs, pricing, stock management and cash flow to identify opportunities to improve profitability.
Yes. We regularly assist hospitality businesses with payroll systems, employee obligations, Single Touch Payroll, superannuation and payroll reporting.
Absolutely. We provide financial reviews, due diligence, business structure advice, finance preparation and taxation planning before you purchase.
Yes. Our Mortgage & Finance division assists with equipment finance, business lending and commercial finance
Yes. Although our offices are located in Narre Warren and Truganina, we proudly support hospitality businesses throughout Australia.
Accordion Content
Helping Hospitality Businesses Succeed
Book a consultation today and discover how proactive accounting and business advice can help your hospitality business thrive.