An approach that unlocked this cafe's growth
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Industry
Hospitality
HEVEN’s contributions
Business Strategy
Growth Capital
Strategic Execution
Support Office Services
Landlord Negotiations
Supplier Negotiations
Human Resources and Recruiting
Financial Reporting, Management, and Accounting
Fit Out Project Management
Background
In 2019, HEVEN was presented with an opportunity to revitalise a struggling hospitality site facing challenges of diminishing sales and an inability to meet rental repayments. Through strategic intervention and a comprehensive approach, HEVEN embarked on a journey to transform the distressed venture into a thriving business.
Outcome
HEVEN's involvement in the revitalisation of the struggling hospitality site stands as a testament to the company's resilience and strategic prowess. By addressing multiple facets, including financial challenges, operational inefficiencies, and strategic repositioning, HEVEN not only rescued the business but transformed it into a flourishing enterprise. The successful trade sale in 2022 serves as a tangible outcome of HEVEN's commitment to creating sustainable and impactful turnarounds in the hospitality sector, showcasing the positive impact of strategic interventions and collaborative efforts.
Accomplishments
- Investor Attraction and Capital Infusion: Within 18 months, HEVEN successfully attracted investors, infusing growth capital into the venture, providing the necessary resources for transformation.
- Strategic Business Unit Development: HEVEN implemented a three-business-unit strategy encompassing food, liquor, and a self-serve laundry, diversifying revenue streams and enhancing overall resilience.
- Commercial Tenant Attraction: The unused space was repurposed, attracting a key commercial tenant and optimising the site's revenue potential, maximising the asset's value.
- Relaunch and Sales Growth: Through a strategic relaunch, annual sales skyrocketed, achieving a remarkable 15-fold increase, highlighting the success of HEVEN's revitalisation efforts.
- Trade Sale Exit in 2022: HEVEN successfully exited the business through a trade sale in 2022, demonstrating the restored value and attractiveness of the once-struggling venture, delivering a strong return on investment.
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© 2024 HEVEN. All Rights Reserved.
Copyright © 2023. HEVEN Pty Ltd is an Authorised Representative of Supertrac Pty Ltd (AFSL #466893). Any advice provided by HEVEN Pty Ltd, related entities and each of their respective directors, officers and agents ("HEVEN") is general and does not consider your objectives, financial situation and needs. Potential wholesale investors (as defined under Section 761G or Section 761G(4) of the Corporations Act 2001 (Cth)) should do their own due diligence and make their own investment decisions, consulting with licensed legal professionals and investment advisors for legal, tax, insurance, or investment advice.
All care is taken by HEVEN in the preparation of the information contained in this page, and its attachments have been obtained from reliable sources. Any estimates, opinions, conclusions or recommendations are reasonably held at the time of compilation. To the maximum extent permitted by law, HEVEN makes no warranty and disclaims all liability for any expenses, losses, damages (including indirect or consequential damages) or costs that any recipient may incur through relying on anything contained or omitted from this page.
HEVEN does not warrant files transferred or attached are free from computer viruses or other defects and is provided on the basis that the user assumes all responsibility for any loss, damage or consequence resulting from use. This page may contain hypertext links, frames or other references to other parties and their websites. HEVEN cannot control the contents of those other sites and makes no warranty about the accuracy, timeliness or subject matter of the material located on those sites. HEVEN does not necessarily approve of, endorse, or sponsor any content or material on such sites. HEVEN makes no warranties or representations that material on other websites to which this website is linked does not infringe the intellectual property rights of any person anywhere in the world. HEVEN is not, and must not be taken to be, authorising infringement of any intellectual property rights contained in material or other sites by linking or allowing links to this website to such material on other sites. View our privacy policy here heven.life/privacy-policy
All care is taken by HEVEN in the preparation of the information contained in this page, and its attachments have been obtained from reliable sources. Any estimates, opinions, conclusions or recommendations are reasonably held at the time of compilation. To the maximum extent permitted by law, HEVEN makes no warranty and disclaims all liability for any expenses, losses, damages (including indirect or consequential damages) or costs that any recipient may incur through relying on anything contained or omitted from this page.
HEVEN does not warrant files transferred or attached are free from computer viruses or other defects and is provided on the basis that the user assumes all responsibility for any loss, damage or consequence resulting from use. This page may contain hypertext links, frames or other references to other parties and their websites. HEVEN cannot control the contents of those other sites and makes no warranty about the accuracy, timeliness or subject matter of the material located on those sites. HEVEN does not necessarily approve of, endorse, or sponsor any content or material on such sites. HEVEN makes no warranties or representations that material on other websites to which this website is linked does not infringe the intellectual property rights of any person anywhere in the world. HEVEN is not, and must not be taken to be, authorising infringement of any intellectual property rights contained in material or other sites by linking or allowing links to this website to such material on other sites. View our privacy policy here heven.life/privacy-policy