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Business Management & Development Services

Business Development & Pre-Opening Services

Hospitality businesses are different from other types of real estate investments primarily due to their daily use and revenue fluctuations, the requirement for specialized management, and labor intensity. Understanding the cyclical nature and dynamics of hospitality business markets are critical to good investment decision-making. An initial analysis of market and financial feasibility is perhaps the most important aspect in hospitality investment decision-making.
SHMS has experience in hospitality business development and operations management. The hospitality consulting services we provide are unique for each project we undertake, and are therefore tailored to meet each client’s individual needs. Our experience makes us ideally suited to assist you with your hospitality development project, from feasibility study to pre-opening and opening.

Feasibility Assistance

Analyze and Verify Feasibility Studies

Assist in site Selection and Evaluation

Coordinate Business Demand Studies

Prepare Financial Pro forma

Prepare Preliminary Construction and Related Cost Estimate

	Planning/Design
		Coordinate Design and food and beverage areas
		Coordinate architect, engineer, land planner, and/or interior designer.
		Coordinate layout/procurement of furnishing, kitchen and lounge equipment, laundry equipment, and commercial area furnishings
		Coordinate all computerized areas - front desk, energy management, restaurant, administration
		Coordinate the telephone system, key and lock system, and audio visual system

	Interior Design Assistance
		Interview and recommend a design firm
		Assist the Interior Design Firm with the furnishing specifications: Lobby, Corridors, Meeting Rooms, Office Area, Warehouses, etc
		Rooms, Restaurant and Lounge

	Construction Project Management
		Function as project manager (fee basis)
		Act as general contractor (fee basis)
		Coordinate input with architect, engineer, etc.
		Consult with owner on bids, changes and/or selecting General Contractor
		Take bids on project
		Perform Pre-Opening Inspections

	Pre-opening Services
		Create and Implement the Pre-Opening Marketing Plan
		Assemble Pre-Opening Budgets (Working Capital)
		Recruit, Interview, and Hire all key Management and Sales Personnel
		Train all key Personnel
		Recommend Advertising Agency
		Establish Definitive Objectives and action plans for all departments
		Obtain Business Licenses
		Develop Food and Beverage Menus, Pricings, Cost Cards, etc
		Develop Specifications and Bids on Building Insurance
		Coordinate the Procurement of Supplies
		Develop Employee Benefit Program and Policy Manual