
Grocery Stores/ Convenience Stores
Knowing what to put on the shelves to keep your customers happy while managing top-line growth and profit margins is more challenging today than ever. Everything from larger discount stores to evolving consumer trends requires your constant attention. DS&B, for over 60 years, has helped closely-held and family-owned grocery and convenience stores maintain their financial strength. These clients have gained from our specialized team of retail industry consultants advising on a number of grocery and convenience store related challenges, including: POS, retail inventory, tax empowerment zones, cost segregation proforma, co-op fees, joint venture opportunities with distributors, tax strategies regarding structuring for real estate, rising commodity costs, private label brands, to name a few.
It takes more than experience; it takes a dedicated team to know your business needs, as they evolve. Our certified public accountants, consultants and advisors in food service stay current by being networked thoroughly in the industry. We leverage our knowledge of the industry with your specific needs, including:
Specialized grocery consulting services:
- Consulting with growing / developing / acquisition of new locations
- Review feasibility performas for new locations
- Tax strategies for real estate
- Develop internal staff and financial organizational structure programs
- Cost segmentation strategies for new locations
- Tax minimization strategies, including real estate and financial planning
- Disaster prevention and recovery
- IT selection projects for administration and plan operations
- MIS systems and information (selection and implementation)
- Maintaining fixed asset ledgers – GAAP and tax basis
- Federal, state and local tax credits, including:
- Empowerment zones
- Employment
- Tax increment financing
Traditional core services:
- Accounting, audit, review and compilations
- Tax planning, compliance and consulting
- Mergers and acquisitions
- Capital acquisition – financing
- Strategic business and succession planning
- Estate, personal financial investment and insurance planning
- Benefit plan administration, consulting & audits