There are a lot of things that work in your franchise model – a recognized brand name, resources from the franchisor, and standard systems and processes for your products and operations. However, they don’t always connect to the finances in your business. Numbers should mean more than reports from the corporate headquarters, the locations in your region, or the page in an operations manual. Numbers should drive your decisions, your business relationship with the franchisor, and your future expansion and profitability.
One of the things you appreciated about starting your franchise was how turnkey the opportunity was. No forming a brand, a concept, a product – just sign, startup, buildout, and get selling. At EWH Small Business Accounting we have a proven system for working with franchises as well. During our complimentary consultations, you’ll learn about your financial challenges, franchise systems, and goals for expansion. We’ll review things like your cash flow, fees, reporting requirements, and help you understand how we fit the franchise model, providing turnkey accounting, bookkeeping, and payroll services.
Whether you are a fast food restaurant, a dry cleaner, oil change shop, hotel, or fitness center, franchisees face truly unique concerns with their financial management:
And, above all, staying competitive in a highly competitive market, often competing with your own brand and locations!
“I have been in business for almost 12 years and have worked with several CPA companies but EWH really tops them all. While searching for a CPA, I was looking for someone who would act as a community partner, someone to learn and understand how I work as a business owner as well as how we handle our finances. Liesel and Jon with EWH have become my trusted advisors, people that I can call and ask for financial (as well as other business related) questions and I always value their guidance and feedback. They really go above and beyond to help me out and it helps me so much to know that I have them on my side. They laugh with me, but yet they understand and validate my bad days. I’m so thankful for their partnership!”
– Healing Harmonies LLC –