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Start-Up Services
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A successful restaurant
business requires solid financial and operational controls.
The trick is getting started on the right course. Let
us assist you in setting up your accounting system.
Business Loan Assistance
- Before applying
for a business loan, you must prepare past financial
data and ask yourself probing financial questions about your
business. How much money you expect your business to bring
in, how quickly that money will arrive, and how much you
expect your business to grow are all factors in obtaining a
business loan.
Budgets and Projections
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are extremely important
tools used to keep your costs and ordering in-line.
Many restaurants fail due to undercapitalization fueled by
wasteful overspending.
Cash Flow Analysis
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Cash flow is the
another measure that restaurants live and die by. Most
restaurants fail in their first year of operation because
they simply run out of cash to keep the business going.
Tip Allocation
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Employers are
required to pay the employer's share of payroll taxes on
tips, plus withhold all the required income and FICA and
other payroll taxes on wages and reported tips from wages
actually paid the employee
Accounts Payable Management
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The accounts
payable function is often overlooked but it plays an equally
critical role as accounts receivable in the cash flow game.
On the surface, the A/P function appears to be
straightforward, but it is more than just paying the bills.
It is also about cost and quality control, and vendor
relationship management.
Acquisition Planning
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One of the
best-kept secrets amongst advisors to buy/sell transactions
and company acquirers is the astonishing fact that most
business acquisitions do not live up to the buyer's
expectation. The reasons for buyer disappointment can be
traced to one or more of three deficiencies:
1. The acquirer bought the wrong business.
2. The acquirer bought the right business the wrong way.
3. The acquirer did not employ street-smart post-acquisition
techniques to handle the transition into management of the
business.
Our company can also assist our clients with their entity
formation, evaluating new financing opportunities,
evaluating internal controls, assisting with budget and
business plan development, and workers comp audits. These
additional services are billed at the currently hourly rate
of the experience level required. |
