Father’s Day: Bar and restaurant revenue could increase by up to 20%

Father’s Day: Bar and restaurant revenue could increase by up to 20%
Father’s Day could boost revenue for establishments in the bar and restaurant sector. This is what a survey conducted by the Brazilian Association of Bars and Restaurants (Abrasel) between July 22 and 29 revealed. The survey was conducted with 2,005 business owners from all over the country and showed that around 79% expect to earn more from sales on Father’s Day compared to 2023. For 65% of them, the increase could reach up to 20%.

The president of Abrasel Goiás and head of Piry Cozinha Nordestina, located in Goiânia (GO), Danillo Ramos, says he expects an increase in sales compared to last year and that the team is prepared to welcome fathers and children who will celebrate Father’s Day at the restaurant, which focuses on northeastern cuisine.

“Piry has this characteristic in its essence, of bringing back generations. It’s the children seeking out the culture of their father’s roots or their own roots through the cuisine and culture of the Northeast. So we see this a lot every weekend here at Piry, families getting together, children bringing their fathers and giving them this gastronomic gift. We believe that Father’s Day will be much more intense and we are very prepared and happy to welcome these families who will choose Piry for this occasion,” said Danillo Ramos.

Regarding the reopening of businesses next Sunday, August 11, 78% said they intend to continue operating. Of the more than 2,000 business owners interviewed, 7% said they expect an increase in revenue of between 21% and 30%. Another 7% predicted growth of over 30%.

Remessa Online’s economic consultant, André Galhardo, explains that this growth forecast for the sector also influences the good performance of other sectors, such as the industrial sector. According to him, the sector’s growth may continue until the end of this year.

“This good performance of the retail trade ends up producing a profitable movement, an interesting movement for other sectors as well, which we call the spillover effect. If the retail trade sells a lot, it requests, makes more orders from the industry, which should also reap the benefits of this buoyant retail trade market that we have seen throughout 2024 and that should prevail until the end of the year”, points out Galhardo.

Loss and debts

According to the Abrasel survey, 60% of companies operated without making a profit in June. Of this amount, 24% had losses and 36% managed to operate in a balanced manner. In addition, 40% of companies reported having outstanding debts.

Among the indebted establishments, 73% owe federal taxes, 47% owe state taxes. Another 36% have outstanding bank loans and 29% of companies have debts with public services such as water, electricity, gas and telephone.

Check out other areas where companies have debts:

  • 29% with labor and social security charges;
  • 27% with outstanding municipal fees;
  • 22% owe suppliers of inputs such as food and beverages;
  • 20% have rental debts;
  • 11% owes to equipment and service suppliers and
  • 6% have late payments to employees.

By Brasil 61

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