How profitable is your catering business? Some caterers experience a pretax profit of over 25%, while others are barely able to show a profit. Generally speaking, the average pretax profit for caterers is between 7% and 8%. Having an accurate, up-to-date picture of how your catering company is performing financially is crucial so you can..
BOYNTON BEACH, FL. (August 11, 2017) – Source1 Purchasing, a leading national purchasing services provider for the hospitality, lodging, restaurant and leisure industries, was proud to sponsor this year’s “Celebration of Education Breakfast” in Delray Beach Florida. On Thursday, August 10th, the Delray Beach, Florida Chamber of Commerce held its “2017 Celebration of Education Breakfast”..
Source1 Purchasing Becomes Part of America’s Fastest-Growing Private Companies – the Inc. 5000 BOYNTON BEACH, Fla., Sept. 1, 2016 /PRNewswire-iReach/ — Source1 Purchasing, a leading national purchasing services provider for the leisure, lodging and gaming industries, announced that they have been ranked one of America’s fastest-growing private companies by Inc. Magazine. The Inc. 5000 represents..
Source1 Purchasing’s Scott Hoffmire Purchasing group helps operators get the best value for their money by appealing to customer preferences, satisfaction as well as price A purchasing partner can help hotels save money while maintaining quality in the products they use. The cost of food, supplies and equipment can account for 50 percent (or more)..
NATIONAL REPORT – The financial crisis that started in 2007 and the subsequent economic downturn created a difficult period for the hospitality industry.Forced to do away with nonessential services, many hotels were quick to end their relationships with the purchasing companies stocking their kitchens in order to maintain their bottom line. Still, as the industry..
5 QUESTIONS WITH … Scott Hoffmire, Source1 Purchasing president and CEO focused on bottom-line performance How has the hotel industry’s overall performance in 2015 been a boost to your business and what do you expect for 2016? SH: With the economic revival, many hotel companies are looking to expand and grow. Whether growth comes organically or..
Hoteliers know that their guests won’t be satisfied with a marginal quality steak – or inferior-grade vegetables, low-quality waffles, or any unsatisfactory meal presented to them. Sourcing high-quality, well-priced food from reliable vendors is challenging for today’s hoteliers. It’s complex. It’s time-consuming. It doesn’t allow hoteliers to win financially, achieve operational independence, or concentrate on..
When Source1 Purchasing, a leading national purchasing services organization for the lodging, leisure, restaurant and gaming industries, decided to implement technology and social media as a means to drive tradeshow engagement and maximize effectiveness, they did it like they do everything, by providing partner benefits to customers, without complex messaging. Recently the Source1 technology and..
Source1 Purchasing, a leading national purchasing services organization for the lodging, leisure, restaurant and gaming industries, has been named a 2015 Florida Companies to Watch winner. Recently announced by GrowFL, the award honors 50 select second-stage companies from throughout the state for developing valuable products and services, creating quality jobs, enriching communities, and broadening new..
Source1 Purchasing–a national purchasing services organization for the lodging, leisure, restaurant and gaming industries–has partnered with the Onsite Property Management Association (OPMA), a non-profit association that aims to raise property management industry standards through advocacy of on-site management, and encouraging cooperation and the exchange of ideas among professionals. “OPMA is a prominent educator in the..