Food & Drink: Case Study 2

Background

A start-up coffee shop requiring a range of support services

Our Approach

  • Reviewed and assisted with the preparation of a business plan including working capital requirements for approaching potential lenders
  • Handled company set up including HRMC registrations
  • Advised on VAT implications of different revenue sources
  • Software driven approach to automate financial data capture
  • Use of technology to enhance customer experience

The Benefits to the Client

  • Attended meetings with lenders to obtain best funding solution for the business
  • Introduced front of house Electronic Point of Sale ("EPOS") tills which integrate with cloud based bookkeeping software
  • Swipe in cards for staff capturing payroll data
  • Staff training on EPOS tills
  • Customer loyalty cards issued to increase repeat business
  • Caller ID integration and postcode look-up to increase customer loyalty
  • Chip & Pin integration linking EPOS system to card machines
  • Online sales and stock reporting
  • Online automated purchase orders for re-ordering low level stock
  • Online purchase orders for general overhead expenditure
  • Set up dedicated e-mail address for suppliers to send electronic purchase invoices – linked to cloud based bookkeeping software
  • Provided an outsourced payroll service including online payslips
  • Provided an outsourced accounting service using cloud based software providing real time online access to financial data, including monthly management reports, for management team and directors

The Plus Factor in Action

  • We helped our client make money by reducing the costs associated with employing an in-house finance team and obtaining the best financial planning
  • We saved our client time by minimising the amount of time they would need to spend on day to day bookkeeping
  • We gave our client peace of mind by evaluating whether the initial concept was a viable proposition, managing every aspect of the start-up and compliance work
  • We supported them now and in the future by providing low cost front of house software solutions capable of supporting their current operations but also scalable to support future growth
Derek Mair web

Key Contact

Derek Mair
Partner

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+44 1224 625111