Delivering or staying closed: the financial trade-off

VMany hospitality entrepreneurs have been working fanatically on the since the closure of the hospitality industry. meal delivery and takeawayOthers chose to remain closed and got to work on a major clean-up or a small upgrade of their business. And then there is another group that has closed its business but is hesitant. After all, is it really financially attractive to start with takeaway and delivery? Is the effort required worth the returns? This is the trade-off you have to make.

Impact on your financial allowance

A few weeks ago, the government introduced the Emergency Bridging Employment Fund as a gesture of support for entrepreneurs during this time of crisis. This scheme has been open for application since this week and offers financial compensation for the loss of revenue that many entrepreneurs are currently facing. A question on the minds of many hospitality business owners is whether starting delivery and takeaway services affects the amount of this compensation.

Lawyer Jan Erik van der Wolf said about this in the Bidfood webinar“I estimate that the income you derive from delivery and takeaway will affect the amount of the compensation. If you can take measures yourself to maintain your turnover, meaning that instead of a 100 percent loss of turnover you only have a 50 percent loss because you can switch to delivery, then it is quite possible that you will not receive that 90 percent reimbursement of wage costs, but 45 percent.”

However, this certainly does not mean that it is necessarily wiser to simply keep the doors closed.

Limit losses

Everyone must make the decision for themselves whether or not to start with delivery and takeaway and have it thoroughly calculated by their own tax advisor. However, generally speaking, it can be stated that the advantage of delivery and takeaway is that you contact with your guests maintains during this time of crisis. There is a good chance that this will have a positive financial impact when you are allowed to open as usual again. Additionally, it can already have a significantly positive effect on your finances now. In this calculation example NTF clearly shows that the financial situation at the moment – whatever you choose – is anything but rosy, but that by opting for takeout and delivery, you can significantly limit your losses for this period.

Too much effort, too little return?

A frequently heard argument for not starting delivery and takeaway (yet) is the fear of too much hassle and that all the effort put into it will not outweigh the (financial) returns. However, when it comes to delivery and takeaway, it is very much true that you can make it as complicated as you want. You can with a very accessible menu and start without too much investment. Moreover, you can Your own ordering website within a day have it live, so guests can find you quickly and easily place their order. We say: let’s go!

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