We have significant experience in the financial reporting requirements of franchise organizations. Our assurance services include financial statement audits, reviews, compilations and agreed-upon procedures for franchise companies. As a franchisor, you know the importance of the Franchise Disclosure Document (FDD), which must be provided to any prospective buyer of a franchise brand. Your FDD is required to include audited financial statements related to the franchisor entity. We provide fixed fee audit engagements that provide financial reporting assurance, as well is as, recommendations on best practices of internal controls over financial reporting. Also, we review the FDD and work with your team to ensure that the FDD’s financial information is accurate and in agreement with the audited financial statements. For area developers and multi-unit franchisee owners we provide the right type of financial reporting depending on your business goals.
We have significant experience in the financial reporting requirements of franchise organizations. Our assurance services include financial statement audits, reviews, compilations and agreed-upon procedures for franchise companies. As a franchisor, you know the importance of the Franchise Disclosure Document (FDD), which must be provided to any prospective buyer of a franchise brand. Your FDD is required to include audited financial statements related to the franchisor entity. We provide fixed fee audit engagements that provide financial reporting assurance, as well is as, recommendations on best practices of internal controls over financial reporting. Also, we review the FDD and work with your team to ensure that the FDD’s financial information is accurate and in agreement with the audited financial statements. For area developers and multi-unit franchisee owners we provide the right type of financial reporting depending on your business goals.
We help you navigate the various federal, state, local and international tax considerations and compliance matters you will face as you grow your business. We work with start-up franchise organizations to ensure they are organized in the most tax efficient and compliant way from the beginning. As they grow, we make sure they navigate the many rules that regional, states and international jurisdictions will enforce. With seasoned organizations, we make sure to evaluate and find opportunities to be more tax efficient and to possibly streamline the tax compliance process. In addition, we help those organizations looking towards a transaction or transition with a tax plan that is beneficial to the owners. We have the experience to work with federal, state and local tax returns. We have experience in all 50 states. Further, we work with the owners’ other professional advisors to ensure we are all working towards the same financial goals of the business and that of the owner or owners.
We bring our 25 years of experience working with Franchisors to your business. As part of our CFO services, we can help your franchising business with strategy, financial reporting/analysis and transactional/bookkeeping services. We work with you in providing one or a mix of the below services based on what your short and long-terms needs may be.
Strategy: we can help your franchising business by working with the owner(s) in evaluating / determining strategy over:
- Capital needs (equity or debt) and working with respective investors/banks
- System evaluation and implementation
- Tax planning considerations
- Operational matters
- Acquisitions and divestitures
- Monthly, quarterly and annual financial reporting
- Cash flow management and budgeting/forecasting
- Developing and evaluation of key performance metrics (KPIs)
- Internal control evaluation
- Basic recording and monthly closing
- General ledger maintenance
- Monthly account reconciliations