FRS provides timely and accurate p & l's to its operators for a competitive monthly per store fee. Our monthly services include recording of financial transactions and accruals into General Ledger, bank reconciliations and electronic transmission of your p & l's to McDonald's Corporation. For more information please contact our home office at 800-457-1120.
Ratios
FRS provides the NFS ratios to our monthly clients upon request for a nominal fee. FRS knows the importance of these ratios and what they can mean relative to your cash flow and debt positions. Our staff will assist in helping you reach your goals by analyzing your company's position and make the appropriate recommendations. Please contact your Team Captain at FRS for additional information.
Restaurant Valuations
Maybe you want to sell a store or want to gift stock to your son or daughter. Perhaps you need estate planning, or are in the midst of buy/sell negotiations. In order to determine the value of your stores, your CPA will provide you with a valuation of your restaurant(s). Our experienced partners can assist you with these necessary tools that can help determine the worth of your business. For more information, please contact our home office for assistance.
Cash Flow Projections
Often times, operators are presented with the option of new stores or rebuilds opportunities. As such, proformas are needed. FRS has experienced staff members who can provide you with assistance. We will go over the proformas with you and guide you in your decision making process.
Tax Planning
FRS places a high emphasis on tax planning for your benefit. Our goal is to minimize your taxes by taking a proactive approach. Each year, your Team Captain and their team work on tax projections for you to determine where you will stand by year-end and to make sure you are penalty proofed. We will determine if you need to pay additional tax to Federal and State taxing authorities prior to 12/31 in an effort to minimize your April 15th tax bill. Our close, personal attention to your business and tax situation is something we take very seriously.
Store Comparison Reports
As part of our affiliation with NFCA (National Franchise Consultants & Accountants), a group of nine nationally recognized independent accounting firms who specialize with McDonald's, we are able to provide you with a unique tool that allows you to access a restaurant database. The database is compiled of SFS data from all nine member firms, thus allowing you to access and retrieve reports similar to norm reports against restaurants in your region, state, even across the U.S. The site requires a user id and password for entry. For more information on store comparisons reports or if you would like to gain access, please contact Melissa Smith at 800-457-1120.
New Store(s) Checklist For Existing Operator
