NO.OF EMPLOYEES: 22
The Issue: This business wanted to buy their premises but were having difficulty building enough net profit to fund the investment despite extremely high sales/turnover.
The Solution:
- The financial dashboard showed us immediately that there was too much waste within the business.
- We were able to identify where the profit leaks were and seal them up- in this case it was misuse of day to day supplies.
- The awareness alone of how products in the salon were being used and building a beetr system to mange that led to to an increase of 10k on the bottom line every month! And they bought their premises.
Owners Comments: “We feel we have great control now over the business. The financial dashboard that we use every month was invaluable when it came to dealing with the bank for the mortgage. It showed we had strong awareness and control around the finances so I suppose it made us look better in their eyes.”