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
Mergers and Acquisitions Due Diligence
Fraud, Forensics and Litigation Support
Information Technology Advice
Business Succession Planning
Financial Projections and Budgets
Internal Control Environment Assessment
Tip Reporting and Allocation
Accounting System Set-Up
Cash Flow Planning and Analysis
Inventory Control Analysis and Valuation
Budgeting and Profit Planning
Menu Pricing Analysis
System Controls Set-Up
Purchasing and Inventory Controls
Business Start-Up Assistance
Form of Entity
Business Loan Assistance
Financial Due Diligence
Inventory Management Systems