All you need to know about Star Pubs & Bars' Innside Track agreement
What is Innside Track?
This is the standard agreement when you take on a tenancy from Star Pubs and Bars. Essentially it packages all the tools you need to successfully run your pub business into one. From accountants and stocktakes to an EPOS till system, Innside Track pulls together the support you need.
These suppliers are carefully selected to ensure they offer the best service and support
What part do Roslyns play?
Roslyns provide the stocktaking service to all Innside Track pubs and we are also a provider of the accountancy service nationally.
What do I get and
how much does it cost?
From your chosen provider
Registration for PAYE, VAT, MGD etc as required
Monthly management accounts
End of year accounts
Including self assessment tax
Support and meetings with your accountant's Business Development Manager
Joint meetings with your accountant's BDM and your BDM from Star Pubs & Bars
Provided by Roslyns Stocktaking
Stock valuation on handover day where required
Full monthly stock audit
Including food if >£500 p/w
Report on the day
Full report including action plans to improve stock results.
Meeting with stocktaker after completion to discuss result.
Provided by Microtill
Modern EPOS till system
Regular support meetings with your accountancy company and your Star BDM are just part of the benefits of Innside Track.
Monthly stocktakes will help you to track product performance and regularly examine profit margins and pricing.
Your EPOS system will be a modern system with support from the experts at Microtill
I already have an accountant. Can I use them instead?
Star Pubs & Bars have carefully ensured that the accountancy firms on the Innside Track panel have a high degree in specialism in the pub industry and are able to provide high levels of service and support.
Can I use my own stocktaker?
As part of the Innside Track agreement you will receive detailed and in-depth stocktakes from Roslyns stocktaking team.
My accountant and stocktaker are cheaper though.
Something that costs less is rarely the same.
Does this mean my accountant and stocktaker work for Star?
No, 100% No.
A lot is included, but what isn't included?
All you will need is a payroll provider.
How do I pay for these services?
Payment is part of your regular fees for rent etc to star Pubs & Bars, and is then passed onto the suppliers on your behalf.
I have my own tills already, do I have to take another system?
Innside track is a full package and a tenant wouldn't be able to remove essential parts.
I'm going into the pub on a temporary agreement, do I need to use an Innside Track supplier?
You only need to use an Innside Track supplier when you start your full agreement.
I've not heard of Innside Track before, why not?
Your Star BDM may not have mentioned this if you are at an early stage, however, Innside Track forms an integral part of your contractual agreement to take a tenancy with Star Pubs and Bars and isn't optional.
How long do I have to be on Innside Track?
The Innside Track lasts the full length of your agreement.
If the pub company know my profit, they'll put my rent up!
If I use an Innside Track stocktaker, will they tell Star if I buy out?
We never recommend buying stock out of an agreement contract as doing so so will destroy the relationshsip between you and your pub company, as well as meaning fines that wipe out any benefit.
If I take another pub that is not with Star, they will see it too
Again, nope. Another thing to tick off the worry list.
It is a nightmare to change accountants, especially before my year end
Not at all.
WHAT PEOPLE SAY
While I have a reasonable knowledge of finance and accounting, my first 4 months trading produced losses each month along with a Wet GP averaging 48% vs a budget of 58% over this period.
When my contract with STAR which included Innside Track kicked in on month 5 and I began to receive monthly Stocktakes and Management accounts from Roslyns I moved immediately from a position where my business was technically bankrupt to showing a profit each month.
The improvement in the Pub’s financial performance was directly related to my Roslyns BDM, Stock taker and STAR BDM who guided me and my business through the fundamentals and formulas along with their experience in the trade I was able to tap into their vast knowledge of potential Red flag issues and explored tested practices resulting in an increase of Yield from 70% average to constantly achieving 100% and with the wet GP moving from an average 48% to 63%.
... I now love going onto my Roslyns Portal and seeing my risk reduced from high risk to low risk.
Kazik : Royal George (Star Pubs & Bars)
I just wanted to say, again, thank you all for your hard work.
You guys rock.
I don’t think people appreciate how much you guys do to keep our businesses running in the background. As a business of less than a year old, it’s suppliers like yourselves that literally keep us moving.
Thank you so much for all your support. What a great team of people.
Couldn't get through this without you! Thank you all
Katie: Globe Inn (Star Pubs & Bars)
I have used Roslyns as part of Innside track for over 2 years as part of my Business Start up agreement with Star pubs and bars.
The service has been excellent. Being new to business they have always been on hand to assist me and ease my concerns making life that little bit more easier as a new business.
I would recommend Innside track and wish to thank them for helping make my first years in business easier.
Tracey : Unicorn Inn (Star Pubs & Bars)
As a Roslyns Business Development Manager I have found Innside Track to be incredibly helpful for our Star Pubs & Bars clients.
The transparency means that all stakeholders in the business can have open and frank discussions. Innside Track means that we aren't chasing anyone for accounts or stock reports, it is all there and in one place for us to use when advising our publican clients. My aim is to make sure the pub is making a good living for our clients, Innside Track definitely helps me do this.
Ben Darwin: Business Development Manager (Roslyns)