Hospitality

 Our project experience and the related services we provide are listed below.

Hermosillo, MX

Retained by ownership group to remote manage 3,000 employee cafeteria including menu development, POS system, financial reporting, operational management structure, and governance.

Windham, ME

Retained as referee in the management of a single unit national franchise restaurant in divorce matter.  Responsibility included review of multiple years of financial statements to determine propriety of business expenses, assessment of operation.

Camden, ME

Retained as restructuring professional for two high end resort properties experiencing financial distress.  Duties included restatement of past financial results in accordance with GAAP and preparation of due diligence materials for prospective sale process.

Northwood, NH

Retained by owner of three-unit full service steak and seafood restaurant to set up financial reporting system subsequent to purchase of restaurants and assist in the monthly financial reporting.

Burlington, MA

Startup of a fast-casual multi-unit BBQ chain with commissary operation. Complete CFO Services including capital expenditures, A/P, A/R, projections and operating budgets. Developed multi-unit operational guidelines, policies, procedures and controls for both commissary and unit level operations. Research and acquisition of all equipment and small wares, layout, design and construction management of the prototype restaurant and commissary. Research and development of all menu items including recipe, costing and engineering. Implementation of HACCP guidelines required for commissary satellite system.

New York, NY

Retained as turnaround CFO for eighteen months in a $100MM revenue public company (NASDAQ) to reconstruct financial systems, establish compliance with Sarbanes Oxley, comply with SEC reporting requirements, and assist in the restructuring of the Company. Responsibilities included preparation of due diligence materials, investment memorandums, and presentations to prospective investors. Highlights include stabilization of operational losses, and successful completion of capital raise of $7.5MM rights offering and $25MM PIPE transaction.

Bath, ME

Served as Chapter 11 bankruptcy trustee in fuel oil business with 11 convenience stores and annual revenues of over $150MM. Operated company, sold all assets resulting in dividend to unsecured creditors. Responsible for all operations, bankruptcy reporting, negotiation of claims in settlement of estate.

Boothbay Harbor, ME

Served as financial consultant to high end resort property including assisting in Chapter 11 bankruptcy process and successful emergence.  Responsible for all bankruptcy reporting.

York, ME

Retained by high end hotel and real estate project to reconstruct financial statements to support bankruptcy reporting and for presentation to prospective investors. 

Waterville, ME

Retained by owner of 4 Dunkin Donut franchises to review historical financial performance, restate accounting history, and assess financial performance by unit to support valuation dispute.

Falmouth, ME

Retained to assist in viability assessment and subsequent bankruptcy of four-unit restaurant chain.  Work included support plan of reorganization and financial projections.

Portland, ME

Retained by prospective investor to conduct due diligence inclusive of financial projections for startup health conscious fast casual restaurant.

Portland, ME

Retained by bankruptcy attorney in valuation dispute to review financial history of two-unit hotel company and support valuation position for bankruptcy exit.

Providence, RI

Retained for accounting record reconstruction, preparation of business plan, and operational review for a proposed golf course and hotel development.

Camden, ME

Retained as project management in the development of a family friendly in town hotel and restaurant.

New Burnham, NH

Served as accountant and financial analyst in the reconstruction of multiple years of financial statements for a 5-unit restaurant chain.

Baileys Island, ME

Served as forensic accountant and financial analyst in the reconstruction of a marine related business and restaurant operation.  Work included preparation of financial projections for secured creditor and business planning purposes.  Served as financial advisor in bankruptcy filing, assuming all reporting responsibility.

Falmouth, ME

Served as general manager responsible for all operations and outsourced financial and accounting resource for 6000 square foot full service family restaurant with revenues of approximately $3MM.  Responsible for menu engineering, customer service and overall experience.  Oversaw rebranding and renovation project. Responsibilities also include management of all marketing efforts including social media. Restaurant continues to prosper with sales growth in excess of 30% over past two years with our ongoing support and guidance.

Kennebunkport, ME

Reconstructed financial statements for tax return for single unit motel.  Assisted in dispute resolution among family members.

Portland, ME

Retained as Receiver in the liquidation of assets for a company in the seafood industry. This engagement involved the wind down of the remaining assets of the corporation for the benefit of the creditors.

South Portland, ME

Retained by a $10 million company in the perishable food industry in a shareholder disputed situation to assist in the acquisition of majority shares by the minority shareholder. This engagement included preparation of financial plans to obtain financing, support valuation, and structure the discussions between the shareholders.

Windham, ME

Acted as an advisory consultant in a legal dispute between shareholders of a franchised location of a large National Chain. Provided operational review, forensic accounting, and testimony of findings for the court.

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