How Citrin Cooperman Can Help
Citrin Cooperman is proud to be home to one of the leading restaurant and hospitality practices in the country. We have worked with hundreds of successful restaurateurs and entrepreneurs on winning strategies to protect and strengthen their business, seize new opportunities, and manage growth.
COVID has changed the hospitality industry forever. Our team of seasoned restaurant and hospitality professionals understand the evolving needs of the hospitality business owner. We have helped our loyal hospitality clientele – some of the highest rated restaurants in the world and their celebrity chefs – raise their financial efficiencies, reduce costs, and restructure their business to be able to thrive in any environment.
We know how hard it is to succeed as a hospitality business owner in today's uncertain environment. At the end of the day, we strive to provide value by helping owners make informed business and tax decisions to operate more efficiently and remain profitable. We focus on what counts, so you can focus on what counts – your customers!
Going Beyond Recovery
When COVID hit, Citrin Cooperman hit the ground running - advising the restaurant community, providing consulting services, and distributing timely regulatory information and other news affecting the industry. To continue to help our clients navigate through the myriad of new regulatory challenges, Citrin Cooperman has specialized service offerings designed specifically for your hospitality business. Our dedicated professionals will get you fast responses to your critical questions, so you can focus on running your business. In uncertain times, knowing where to go for answers will help you prepare your business to thrive in any outcome.
We provide a full range of attest, tax and specialty tax, business advisory, economic advisory, and transaction support services to privately-owned restaurant groups, world-wide hospitality management groups, and local family-owned businesses. We also serve family-owned restaurants, nightlife establishments, boutiques businesses and specialty retailers, resorts, banquet halls and caterers, and entertainment facilities.
While we continue to service our clients, our Restaurant & Hospitality practice is also providing actionable support by spotlighting some of our industry clients, and how they have changed their business strategy to bring more value and more options to their customers.
In addition to our core assurance, tax, and advisory services, we also provide
- Best practices for efficient and transparent operations
- Cash flow and profitability analysis
- Facility valuations
- Improving billing procedures
- Industry benchmark analysis
- Internal controls
- Inventory management
- Organizational structuring
- Preparation and review of cost reports
- Representation before the Internal Revenue Service (IRS)
- Sales audit for percentage rent
- Structuring compensation arrangements
- Structuring transactions
- Technology consulting and analysis
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Our in-focus thought capital resource center provides insights on real-time, relevant, strategic and tactical business issues and trends to help keep you in front of what's happening in your industry and the market.
Our Restaurants & Hospitality Specialists are here to help.
Get in touch with a specialist today.