Food & Restaurant

Food manufacturers, restaurant operators, and franchise companies face everyday challenges to stay profitable in today’s highly competitive marketplace. From labor management issues to new IRS regulations, the food and restaurant industry must account for the cost and impact of numerous new changes and challenges. As businesses adapt to these new circumstances, they face increasing pressure on margins and profitability.

Current industry challenges

Growth-minded food manufacturers and restaurant operators are listening to their customers, whose expectations are evolving. Busier lifestyles, shifting demographics, changing consumer preferences, and evolving buying habits are combining with rising competition, real estate costs, food safety concerns, and cybersecurity risks to ramp up the pressures on operators’ systems, sourcing, and workforce. There are multiple forms of special tax credits and allowable accelerated deprecation methods that allow food manufacturers and restaurant operators to work smoothly and efficiently.

But some food and restaurant industry challenges include employing a lot of workers, requiring a lot of space, and having the fastest turnover of inventory in the marketplace. It also faces many other challenges including post-COVID re-openings, increasing labor costs, hiring qualified employees, health care reform, finding new markets and locations, acquisitions, and franchising to name a few.

Why is Rise Solutions Inc. right for you?

Rise Solutions Inc. has been committed since 2018 to serving and advising food manufacturers, restaurant owner/operators, and franchise companies as they pursue their business objectives and improve their performance through the most challenging business cycles. Whether your goal is to open more locations, increase cash flow, launch additional service lines, or make your day-to-day operations more efficient, our team is ready to provide you with critical accounting and tax solutions to meet your business goals. We take the time to help you understand and navigate through these issues to deliver greater financial performance and be more efficient in your overall operations.

food industry