Plante Moran’s franchise consultants help franchises stay ahead of the curve
The franchising sector outpaced the overall U.S. economy in business formation and job growth in 2013. The industry created 10 percent of the nation’s new jobs, and 11,000 new franchise units opened with fitness, personal care, and property restoration chains taking their places in the list of top 10 franchisors. In fact, the Franchise Business Index reached an all-time high last year, topping the record set in 2007.
There is significant opportunity in the franchise
business market but it is increasingly important to stay ahead of the
curve. The franchise industry is complex and increasingly difficult to
navigate. Therefore, it is important to work with an informed advisor
who knows and understands the complexities of the franchise industry.
Our dedicated franchise industry team has real-world franchise
experience that we bring to every engagement. We also know that each
franchise business is different, so we take time to understand each
situation and customize our solutions for each client. Additionally, we
are able to provide further insight from the knowledge and experience
we have gained as a supplier member of the International Franchise
Full menu of services for the franchise industry
At Plante Moran, we understand the unique nature of franchise
operations. Our franchise clients include some very familiar
household names. Whether you’re a growing franchisee or a mature
franchisor, our multidisciplinary team can offer you the specific
support you need. From royalty audits, corporate real estate advisory,
and succession planning, to global assessment, talent and organizational
development, and apportionment planning, we provide a full menu of
franchise accounting services tailored specifically for you.
Minimizing your tax obligations while maximizing your tax savings
Our tax consultants work with franchisees, franchisors, and multi-unit operators to help you find opportunities to minimize your tax obligations and maximize your tax savings. You can count on our tax planning team to monitor legislative, regulatory, and precedent-setting developments in taxation and be ready to help you adapt by offering new planning ideas or adjusting your current plan to take advantage of new opportunities.
Our tax team can help franchises with multi-state locations identify and handle all of their many tax concerns. Whether you’re facing a sales, use, or property tax problem or just trying to determine in which states to file income tax returns, we can help you develop the right tax-planning strategy to ensure you’re paying what you owe—no more, no less. If you are planning an expansion, relocation, or merger and acquisition, we can also help you determine which tax credits, exemptions, and abatements and which financing and infrastructure assistance services are available to you.
Supporting your growth with our transaction advisory services
When you are making decisions on how to invest your capital, you can depend on our financial services and transaction advisory support team to help meet your goals. Whether you are looking into a private equity transaction or are facing multiple location coordination or expansion issues, it is imperative that such transactions are managed carefully with the long term in mind. P&M Corporate Finance (PMCF), an affiliate entity of Plante Moran and a founding member of Corporate Finance International (CFI), has completed hundreds of such transactions. As a result of those transactions, PMCF maintains extensive relationships with key decision makers around the world-buyers, investors, and lenders.
Our transaction advisory services team analyzes the transactions to better understand the motivations of the parties involved and can bring all of that knowledge to bear for you. Collaboration between the investment bankers of PMCF and the franchise industry experts of Plante Moran provide you with a practiced, disciplined, and talented transaction advisory team that is accustomed to maximizing value for our clients.
Realizing your key performance indicators to drive success
As your franchise becomes more sophisticated, the need for insight and data analysis becomes much greater. Once you have a broader view of key performance indicators like responsiveness and customer satisfaction, you can look at your business with a fresh perspective. Unfortunately, many franchises aren’t proactive when it comes to defining and measuring important key performance indicators. They mistakenly believe that it’s too difficult to quantify these factors, and that perhaps they can’t be simplified and dissected.
Our franchise experts can help benchmark your numbers against your peers and your competitors. If you’re meeting your goals, you can breathe a sigh of relief. If you’re falling short, our experts can help you evaluate possible options to consider including: making staff or leadership changes, assessing the process, refining the metrics, updating or replacing systems, sourcing certain duties, etc. These will never be easy decisions, but with the right metrics in hand, it will be easier to assess the effectiveness of your franchise business.
Your success, our priority
Because Plante Moran makes client success a priority, our professionals are always looking for creative ways to anticipate and analyze the issues facing the franchising industry in order to help you optimize your profits. You can count on us to not only use our unique abilities to lend perspective to challenging issues, but to offer solutions and strategies to further your success.
Strategy begins with building on the past, acknowledging the present, and looking toward the future. Let our industry experts help write your story of marketplace success. When you enter into a relationship with us, you will see and feel an immediate difference.