DWS have expert insight into how the furniture, fittings and equipment (FF&E) of a business can affect operating performance as well as appropriate FF&E life-cycles. An explicit FF&E plan will allow a business to manage capital expenditure and budgets more effectively as well as reduce the risk of the business losing competitiveness. Key elements of our FF&E reviews include:
- Undertake an audit of existing FF&E to ascertain tired or non-performing assets.
- Develop a replacement strategy that takes into consideration available capital and/or funding requirements as well as competitor endeavors.
- DWS can prepare the required funding memorandums and planning documents that present a viable business case for undertaking investment in facilities.
FF&E planning is generally a short to medium term endevor that seeks to formulate a plan within a short period. Execution of the plan is generally carried out over a number of years that offers long- term competitiveness. With our extensive experience and relationships in the hospitality sector, DWS is ideally placed to advise on appropriate capital expenditure.