On the outside, it appeared that one of Orlando’s growing fast-casual restaurants was nothing but success. The chain was expanding quickly and gaining passionate fans, and the owners were making their dreams a reality.
Internally, however, it was a different story. Financial reporting was inconsistent and unreliable, and without that data, it was impossible to see whether rapid-fire growth could be supported. Worse, uncertainty with tax and regulatory bodies left the company vulnerable.
Ownership turned to CFO Strategic Partners as their outsourced CFO to help right the ship and gain a strategic view on their company.
Once on board, our team tapped into our vast network of accounting, tax, legal and lending resources to find the right partners for this developing enterprise. These resources enabled us and the owners to access timely, accurate and relevant financial information to help fund growth.
We also worked with the management team to help them better understand the financial processes in the company so they could ensure best practices were being followed. Finally, we used the improved financial processes and knowledge to create a budget that both guided decision making and built accountability.
The results speak for themselves. With the increased financial support, partners were accountable and better able to communicate with each other, supporting the strategic vision for the company. They were able to increase revenues by 18 percent year-over-year and budgeted to increase 48 percent in one year.
They opened three new stores, with nine planned for the next year. Best of all, the owners can sleep at night knowing they’re making sound financial decisions and are achieving their entrepreneurial goals.
At CFOSP, that’s what we’re all about—providing the financial vision so middle-market companies can achieve the next level of success. Want to see what we can do for you? Give me a call at 407-426-8288 or drop me a line at firstname.lastname@example.org.Tags: business growth, case study, cfo for growing business, cfo for small business, cfo orlando, Cfo Services, cfo strategic partners, cfosp, Financial Consultant, financial reports, success story
“Our organization was navigating an intense transition involving our government funding partners and public officials. Without the help of CFOSP, we would have experienced severe financial impacts and certainly lost donor confidence.”
CEO Central Florida Historical Society
“I applaud the stellar support provided by our CFO in embracing and understanding our budget priorities and operations that entail hundreds of financial transactions each month and several millions of dollars in expenditures annually. The nature of our business is very complex, yet your firm did not shy away from the challenge of establishing accounting processes and procedures that will sustain us well into the future.”
Kissimmee Chamber of Commerce, Experience Kissimmee
“…The services they have provided have tripled my bottom line, giving us serious profit levels that have helped fund company growth…”
President, Engineering Firm
“There is no limit to the value of the collective experience that the CFO team brings to the table. Their expertise in debt management, tax reporting, cost of funds, and in-depth analysis has been more than I could have hoped for…”
CEO/President, Hotel Corporation
“Since we began working with CFO Strategic Partners, we’re in the best financial position we’ve ever been in… CFO gives my staff and myself financial peace of mind so we can focus on clients and business at hand.”
CEO, Insurance Agency
“With CFO as our partner, we’re able to see the total picture…. Through their expertise, we’re receiving the highest level of educated financial planning that will propel us into the future.”
President, Florida Architectural Firm