Good financial management is key to a successful tuckshop. Whether your goals are to simply cover costs, offer a service for students or to make a profit for the school community, you need to have your finances in check.
Key areas of financial management include controlling staff levels, monitoring cost of incoming goods and maintaining a suitable average mark-up.
QAST’s Financial Advisory Service, which is free for members, is a great place to start to ensure your finances are on track. We will analyse your profit and loss statement, determine industry markers, and benchmark these against well performing tuckshops.
For a more in depth review of your entire operation, you can organise a site visit by booking a Tuckshop Tuneup.
Or, to get started, check out the below resources to support you in the good financial management of your tuckshop.
Tuckshop Turnaround Project
In 2019/20 QAST worked with 21 schools and tuckshops across Queensland to develop resources to assist in turning around tuckshop finances. This work was funded by the Department of Education and is available to all. Check it out.