Nearly two thirds of hospitality businesses are optimistic about Britain’s Brexit future
18th July 2016
As independent hospitality businesses begin to come to terms with what implications Brexit could have on their future, a recent survey has revealed that 64% of businesses are optimistic about Britain’s future outside the European Union.
In a survey of 500 Epos Now customers, all of whom are independent retail or hospitality businesses with revenue of under £500,000 annually, found that 42% of businesses believe that the cost of staffing will be most impacted.
The survey also highlighted that the cost of stock was another issue likely to be impacted with 33% of businesses voting that as a primary concern. Rent and credit costs were also viewed as being impacted on by Brexit, with 10% of business owners voting rent costs as their main concern while 15% listed credit costs as their top priority.
Jacyn Heavens, CEO of Epos Now said: “I’m confident that innovative businesses can continue to do well in what are now unpredictable times. The Brexit vote will focus minds and ensure businesses concentrate their attention on remaining resilient and robust. Businesses above all need to ensure they have liquidity and a good credit line to make the most of the opportunities that lie ahead.”
Notes to Editors