ADF Management Company
17/07/07 08:59 Filed in: Case Studies
ADF Management – Chief
Financial Officer - Franchisee of 350 Pizza Hut, KFC,
Taco Bell and Panera Breads.
Capodice & Associates was retained to recruit a Chief Financial Officer for this 350 unit franchisee of Pizza Hut, KFC, Taco Bell and Panera Breads. The existing finance group was missing targeted deadlines and delivering inconsistent data resulting in the banking institutions forcing the owners to personally guarantee all bank loans.
Result
- Within the first year, company debt was refinanced saving the company $400,000 annually.
- Workman’s compensation premiums were reduced, savings the company $800,000.
- The financial group was streamlined resulting in more timely financials with accurate data leading the banking institutions to drop the owner’s personal guarantees.
Capodice & Associates was retained to recruit a Chief Financial Officer for this 350 unit franchisee of Pizza Hut, KFC, Taco Bell and Panera Breads. The existing finance group was missing targeted deadlines and delivering inconsistent data resulting in the banking institutions forcing the owners to personally guarantee all bank loans.
Result
- Within the first year, company debt was refinanced saving the company $400,000 annually.
- Workman’s compensation premiums were reduced, savings the company $800,000.
- The financial group was streamlined resulting in more timely financials with accurate data leading the banking institutions to drop the owner’s personal guarantees.