Restaurants

In Upstate New York, The Bonadio Group is the firm of choice for accounting, tax, and business advisory needs for many types of restaurants and their owners.  

With over 30 years of experience advising restaurateurs across a broad spectrum of business and financial issues, we bring extensive industry knowledge and resources to the table.

Bonadio has earned its reputation by being proactive, be it through finding tax saving opportunities, business management solutions, or even assisting with mergers or acquisitions. And, you can depend upon our succession, estate, and financial planning/wealth advisory services to help you grow and protect your personal assets.

The depth, breadth, and scope of our services and resources for restaurants are unmatched by any other Upstate New York firm. We blend the talents, skills and experience of tax professionals and consultants giving you a team that thoroughly understands the fine line that integrates you and your business, and the myriad of tax, business planning, and financing issues that lurk at this crossroad.

Bonadio helps restaurants deal with a variety of issues, including but not limited to:

  • Startup business assistance, such as business plans, accounting system set up, systems controls set up, menus costing, point of sales, & MORE.
  • Consultation regarding compliance with existing and complex tip laws.
  • Benchmarking studies, strategic planning  and other advisory services for enhancing your bottom line.
  • Minimizing corporate and personal tax obligations through innovative tax strategies and planning.
  • Securing financing through preparing and representing your financial status to lenders, franchisors, and venture funds in the most favorable light possible.
  • Franchise operator services (including reporting requirements, required financial statement formats, budgeting, consolidating financial statements for multiple locations, comparisons with Franchisors’ corporate stores, and expert assistance with expansion or sale).
  • Protecting your business, its assets and its reputation from fraud, waste, and abuse
  • Helping you get ready to buy, sell, merge, or pass your business on by doing a valuation that shows you what your business is worth, and/or being part of your merger/acquisition team.
  •  Helping you take care of your retirement, from succession and financial planning/wealth management to finding buyers.
  • Weekly Profit & Loss Reporting tools to produce simple and meaningful daily and weekly internal reports.
  • Lease structure & negotiations including payment of tenant improvements, base versus a percentage of sales, what to exclude from sales, and more. Minimizing corporate and personal tax obligations through innovative tax strategies and planning.
  • LIFO elections and compliance
  • Enhancing your bottom line through business advisory services ranging from strategic planning to financial analysis to cash management, & MORE.
  • Securing financing through preparing and representing your financial status to lenders, franchisors, and venture funds in the most favorable light possible.
  • Protecting your business, its assets and its reputation from fraud, waste, and abuse.
  • Helping you get ready to buy, sell, merge or pass your business on by doing a valuation that shows you what your business is worth, and/or being part of your merger/acquisition team.
  • Helping you take care of your retirement, from succession and financial planning/wealth management to finding buyers.