Serving up Success

The food service and lodging industry is tough. It takes clear planning and a full understanding of operational costs to succeed. In fact, it has been reported that 90 percent of restaurants will fail within their first three years of operation. Why? Two of the top reasons are poor bookkeeping and the failure to understand the true costs of overhead. These pitfalls apply to all sectors of the hospitality business.

FRANK&CENTS brings decades of front-line lodging and food service experience to your business – from financial management and marketing to culinary and general management issues. We can help you direct and balance revenue flow with overhead while ensuring that accurate and understandable bookkeeping keeps your business in position to grow.

The other reasons restaurants fail? Poor marketing, lack of originality, and failure to ensure customer service and consistency. We can advise your business in these areas, as well! Whether you manage a restaurant, hotel, motel, retreat, B&B or market specialty foods, give us a call!

Customary Service

  • > On-site or virtual CFO
  • > Operate from our offices but connected to you electronically
  • > Specialize on online accounting programs, including QuickBooks
  • > Services project based or ongoing
  • > Services provided by contract or hourly

Concept and Vision

  • > Development and implementation
  • > Operation to concept synergy audit and analysis
  • > Refresher strategies

Food and Beverage

  • > Menu development and assessment
  • > Food cost/waste analysis

Vendor/supplier Programs

  • > Current menu and purchasing/inventory systems audit
  • > Purchasing/inventory systems efficiencies review
  • > Appropriate vendors/suppliers recommendations

Secret Diner/Shopper Audits, Evaluations and Recommendations

  • > Internal
  • > Competitive businesses

Marketing and Promotion Development

  • > Advertising and social media plans
  • > Brand development
  • > Identity materials
  • > Special events, promotions and fundraisers

Bookkeeping

  • > Data entry
  • > Account reconciliations
  • > Accounts payable (AP)
  • > Invoicing and accounts receivable (AR)
  • > Cost/project analysis
  • > Budgeting and analysis
  • > Revenue tax returns – state, city and local
  • > Financial statements
  • > Banking, cash and investment management
  • > Cash receipts and disbursements

Payroll

  • > Fully integrated with your financial data
  • > Stand-alone payroll
  • > Multi-state
  • > Federal and state employment tax returns
  • > Employee benefit plans

Tax Preparation

  • > Revenue tax returns – state, city and local
  • > Federal and state employment tax returns
  • > Business federal tax returns
  • > IRS tax implication expertise

Consulting Services

  • > New business set-up and operation
  • > Business marketing plan review
  • > Financial statement review
  • > QuickBooks set-up, customization and training
  • > Strategic planning
  • > Audit and review preparations
  • > Policies and procedures

Event planning

  • > Site selection and contract negotiation
  • > Pre-event site visits
  • > Budget management
  • > Food & beverage management
  • > Venue management
  • > Production management
  • > Audio-video and technical coordination
  • > Print coordination, including invitations, collateral and signage
  • > Evening events and daytime activities
  • > Attendee event evaluation
  • > Promotion and sponsorship opportunities
  • > Giveaway coordination