A Sweeter DealShare
Who doesn’t love cheesecake? One of our clients makes some of the most coveted cheesecakes in the nation, and came to us with a common concern: “My products are selling well, but where is all the money going?” We spent time with him creating financial reports, learning his operations and analyzing his profit margins, which were less healthy than his products. Together, we managed to fatten his profits and plan for the day he would sell his business. He bought a building where he makes his delicacies, and we established the building as a separate entity. Now, when he is ready to sell the cake business, he can maintain an income from the real estate. Along the way, this client even taught us a thing or two – including that the best way to cut cheesecake is with dental floss!
Tagged In: Closely-Held Businesses