Your hospitality business faces the challenges common to every business - as well as issues unique to the industry. Inventory controls, pricing, labor costs, and compliance can significantly impact profitability. Your business requires timely and data-rich financials to review on a regular basis to better manage your business.
SERVING FLORIDA'S IMPORTANT TOURISM AND HOSPITALITY INDUSTRY
No two days are ever the same in the hospitality industry where guest capacity has the potential to turn over daily in hotels and multiple times a day in restaurants and attractions. Ownership and management are always under pressure to sustain a high level of customer service despite a constantly rotating customer base, manage their expenses and maintain their properties so they can thrive in a competitive environment. Today travelers are inclined to share opinions on social media making it more important than ever to focus on service delivery.
One of the highest employee turnover rates of any industry along with recent changes in overtime regulations will bring new challenges to be compliant while retaining a skilled and service-oriented workforce. Now, more than ever, the hospitality industry needs trusted financial leadership and advice.
MSL has been a part of Florida’s hospitality and tourism sector since 1974. We have experience with hospitality and entertainment businesses of all types: hospitality management companies, investment companies, franchised and locally owned hotels, conference centers, independent and multi-unit restaurants, marinas, country clubs, and more. We understand the challenges specific to running a successful operation in this demanding industry and will be there with you through all phases of your company’s growth: development, start-up, maturity, and expansion.
We look forward to the opportunity to meet with you and learn more about your business and needs. Call our toll-free number (800) 683-5401 to set up an initial consultation, or click below to use the contact form, and we will get back with you right away.
- Financial Statement Compilation, Review, and Audit
- Employee Benefit Plan Audits
- Tax Compliance Services – Income (State, Federal, and International), Sales, Payroll
- Tax Planning and Consulting
- Strategic Business Advice and Consulting
- Merger and Acquisitions Due Diligence
- Fraud, Forensics and Litigation Support
- Information Technology Advice
- Business Succession Planning
- Financial Projections and Budgets
- Internal Control Environment Assessment
- Controller Services
- Tip Reporting and Allocation
- Accounting System Set-Up
- Cash Flow Planning and Analysis
- Inventory Control Analysis and Valuation
- Budgeting and Profit Planning
- Profitability Analysis
- Menu Pricing Analysis
- Management Reports
- System Controls Set-Up
- Purchasing and Inventory Controls
- Business Start-Up Assistance
- Form of Entity
- Lease Negotiations
- Business Loan Assistance
- Financial Due Diligence
- Inventory Management Systems
- Point-of-Sale Systems