How Much Money Does My Hotel Make? (profit & loss revealed)

43 thoughts on “How Much Money Does My Hotel Make? (profit & loss revealed)”

1. Upvoted just for showing your numbers.

   Most valuable, yet no one does it.

   1. every public company does it

   2. @ No one was talking about them.

   3. Unless audited who cares

   4. Same

   5. @@JoyceSin-w5k Most statements in life aren’t audited.

      Yours, for instance.

2. As an ex hotelier I love to see these videos. Maldon has a high street full of restaurants now so it’s a very competitive market. The joint venture idea is good but also problematic as you need to make sure the relationship is strong. Also the deal has to be very win win with the deal slightly favouring the other party. They’re taking the higher risk and venues that strike to hard a deal lose in the medium term if the restaurant can’t make money. Love what you’ve done with the rooms, keeping it individual is important for this type of property.

   1. where’s the higher risk when they would have access to booking numbers, as well as a captured market?

   2. @@MrTj145 There is no captured market for a hotel restaurant unless it is in the middle of nowhere or a restaurant with rooms. This hotel is on Maldon High Street with at least 10-12 good eating options with 100 meters of it’s front door. The hotel has 15 odd rooms so max 30 people capacity. Let’s say there is a sleeper diner ratio of 20% (that would be good for a hotel with this level of restaurant competition) that’s 6 covers. So you have to come up with a restaurant concept that will draw in the general public. This is doable but would need a direct entrance to the restaurant and a big investment in fitting out the restaurant along with a successful concept. It is not in any way easy.

   3. @@MrTj145 Again it’s a 24/7 business they have a big risk of losing money and mot making their initial investment quickly enough since the restaurant will cost a lot.

3. Hey James, really good video and thank you for sharing. I run a 70 cover pub and we do very well from it, we turn it 3 or 4 times over on a Saturday and Sunday. I wouldn’t get too obsessed by expanding the covers, our place is cosy and always looks full! We do 80-100k each month depending on month of the year

   1. Also worth mentioning, we have two great chefs. I never know who has cooked what because the quality is so good from either. You can’t have an A and B team if you know what I mean

   2. @@cardiomyopathyandme5970sounds great, what’s the name of your pub?

   3. Correct about the covers. Just serve what sells most and keep it simple.

   4. ​@@cardiomyopathyandme5970if you have good chefs look after them. They are the biggest seller.

4. A lot of corporate hotels have between 210-250 rooms and once the occupancy rate gets above a certain level then the figures start to stack up.

5. Have no interest in business or hotels but could watch you all day very smart man. thumbs up and subbed

   1. Same here. I like listening and learning from him. He is a very smart businessman. I would like to know how much time he spends each day on business rather than other family and hobby persuits. Many successful business people pretty much live business 24 hours a day. You might get financial rewards from this but it comes with heavy costs socially and family wise.

6. Great to see some real numbers. Not just the old “I’m making 60k a month” guru talk.

7. Quite like your style, authentic, no hype. And no annoying music

   1. Why thank you.

8. how has this dude only got this number of subscribers? finally a coach who can prove what he talks about in his own business. As opposed to most who teach business success and their only success is that of their coaching.

   1. True !…”Those who can, do. Those who can’t, teach”..!!

   2. @@mattclark7700 totally agree, you can tell this content is different to the rest

   3. Bro 100 thousand is a big number

   4. Eh ?!

9. Didn’t even search for this video but glad it popped up, Very enjoyable watch

10. This is why I could never go into a business. I was pretty good and hard working (averaged 50 to 60 hour weeks as a contractor most of my working life) but you just have to have that additional spark, energy, desire (not really the love of money) to be in business. I am jealous of people who have that and are successful. It must be so fulfilling and fun to be in that place. Great video.

    1. At least you are honest with yourself. Business making is not for everyone – you need a certain drive. Most just don’t want to work for anyone else – that it itself can be a key motivator. I would fall into that category and I’ve made a reasonably successful business in property rentals. Came at a cost though.

    2. Just buy the SPY and chill

    3. You saved yourself a million dollars for knowing this. Congratulations!

    4. the difference between this guy and being a contractor is that this guy pays other people to do the work, whilst you actually do the work. he has lots of free time to do what he wants. i mean he has enough free time to run a youtube channel as well as all his businesses. going into business can be hard work at the start, as you try to make ends meet. but once you create a bubble of income and pay off your inevitable debts, you’re the freest man on earth. i worked for a business owner in a restaurant. he was the most depressing and serious individual i ever met. it was difficult to get a word out of him and id only see him occasionally. yet he was successful and now he owns one of the most popular restaurants in the region which won several awards.

       there’s no personality requirement for going into business. you don’t need to be a certain “type” or be lucky. all you need is a bit of capital and then pick one of the many ways of making money through business and get started. what stops people is not any other reason than the fear of losing. what will your friends and family think of you if you waste tens or hundreds of thousands of pounds on a failed business?

       it takes some amount of work to make enough capital to start a business. after all that effort, its hard to convince yourself that losing it wont bother you too much if you tried to start a business. but the ability to stop caring and just doing it is the only thing that separates those who do and those who don’t.

    5. @@jmoz that’s awful advice.

11. This video is so incredibly insightful and gives me tonnes of motivation, thanks a lot!

12. First video of yours I’ve seen and I’m so impressed. Extremely informative, truthful and nothing glossy or for effect. New subscriber & will watch plenty more of your videos so please keep up the great work James!😄

13. Love the excitement and clarity of your presentation. As a real estate investor – over 30 yrs residential and commercial – I do not love the numbers, especially for a business that requires such constant presence.

14. I have been in business now for over 25 years and one thing that i have learnt and is very important is that cash flow is a MUST. Never live like a KING or you could easily become a peasant.

15. This channel is like cooking shows. I don’t cook very much and when I do it’s totally unadventurous stuff, but I really enjoy seeing what they do and the process behind it. Equally I’m not entrepreneurial but I love seeing the thought process, the tipping points, the background information and how these businesses develop. It also helps a lot that James has such a relaxed and informative style of presenting these videos. Some other videos promise they’ll provide the real juicy stuff but fail to deliver whereas James hasn’t on all his videos I’ve watched. I’m really enjoying these and long may they continue!

16. Always build a business to sell even if youve no intention of selling it.
    Possibly the most insightful takeaway.

17. Honestly, amazing guy. Nowadays you just don’t see people with such experience just talk and share very valuable information. He also don’t try to sell anything, which is admirable. Great content. Respect!

18. I think you may be my favourite character online.

    I have no interest in running a business where I employ staff – but loved every minute of this!

19. Forget the rest. This guy is without doubt the very very best i have seen on here.

20. I worked as a Supervisor at the Mandarin Oriental Hotel in London and one thing Mangers forget is that you can have the best Hotel with the best Chefs making the best Food in the World, but the important part is the Front line staff who bring the food to the table who make sure that all the Guests needs are met and always have a smile when they serve the guests etc, because if the guests are not happy then they will tell their friends and colleagues and you can guarantee that it will be on trip adviser complaining about the service and the hotel. That’s why I was always making sure that they had the best training for the Hotel and the Restaurant.

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