Restaurants and Bars Report 2020
03 February 2020
In this edition of BDO’s Restaurant and Bars report, we place a big emphasis on sustainability and feature our predictions on the top 10 trends we think will make a big impact in the sector in 2020. We also feature:
- An economic overview of the UK economy with analysis of restaurants and bars performance
- An interview with Jo Wilkinson, Finance Director at North Bar, who talks to us about expansion opportunities in the sector and the company's approach to sustainability
- From our BDO experts, an insight into the M&A market, how you can retain the value of your business after sale and an insight into the types of challenges you may experience when dealing with the National Minimum Wage in the sector
- An article from Olivia Jamison and Alex Ibrahim at CMS (UK), who provide commentary on the ten developments in legislation and policy expected to gain traction around sustainability this year.
With political uncertainty rife, whispers of a looming recession and numerous CVAs taking place in 2019, the majority of operators and investors will be glad to see the back of a very challenging year. The sector is now placing a greater focus on not only their financial footing and environmental credentials, but a broader sense of being fit for purpose in today’s turbulent and ever changing market. Although we may see some further causalities in 2020, we anticipate to see some light at the end of the tunnel.
If you would like to discuss this edition of the report further or any wider sector issues, please contact Mark Edwards, Head of Restaurant and Bars or speak to your usual BDO adviser.