Food & Beverage
Overview
The food and beverage industry is constantly evolving. High growth emerging brands, convenient quick serve and healthy restaurants, and organic supermarkets delivering to your door are trending. Functional food and beverages are in demand and consumers are paying a premium for nutritious meals.
Food and beverage companies are directly impacted by consumer trends, global competition and a very crowded marketplace. This is equally true for all food and beverage industry segments, from emerging brands to manufacturers and distributors to restaurants and retailers, both in person and online. Choosing the right accounting, tax and business advisor to help you navigate these challenging issues is vital to your company’s success.
For 100 years, Anchin has helped privately held food and beverage clients develop successful strategies that directly impact their growth and profitability. From assisting them with cash flow analysis to helping them strategize how to attract talent and win more shelf space, we collaborate with our clients to give them the support they need to make smart business decisions. We work with management to analyze key performance indicators, review industry benchmarks, develop key employee retention and incentive plans, and help them drive business growth.
Our annual Food and Beverage Survey is one of the ways we keep track of industry benchmarks. We work closely with our clients to utilize this information, developing new approaches, strategies and best practices to help them achieve their goals.
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Tailored Services
Services Include:
- Mergers and acquisitions
- Pre-Transaction/IPO
- Tax credits and incentives
- Succession planning
- Estate planning
- Compensation and benefits
- Research and development
- Emerging Brandsadd
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The Emerging Brands Group has worked with some of the fastest-growing consumer product brands of the past several decades. We currently serve over 100 brands, many of which started working with us in their first years of business, leveraging our guidance through sustained growth, high-profile exits, or other desired outcomes. Our understanding of what emerging brands need as they grow enables us to add value that goes well beyond filing requirements. We become true partners to our clients, helping them seize opportunities and resolve issues as they scale and mature. We understand that emerging brands operate in a constantly-evolving, fast-paced environment where time and money are precious and efficiencies are essential. We understand the challenges you face and we have developed our practice to meet your varying needs throughout the life cycle of your business.
We help develop a proper financial and tax foundation that can support the rapid growth of your brand. Our dedicated staff will take many of the accounting issues off your plate so you can concentrate on your core business, while providing the tools and real time information you need to better make decisions and manage your operations. We are well positioned to grow with you through each stage from venture capital to private equity to ultimate exit.
Services include:
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Advise on:
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Entity structure and agreements
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Equity/Debt raises
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Financial projections
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Employee contracts
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Managing production
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Assist with:
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Financial reporting structure
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Tax planning and advice
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Chargeback analysis
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Develop key performance indicators
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Exploring bank financing
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Tax credits and incentives
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Prepare/Provide:
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Financial statement audits, reviews and compilations (including those prepared on a GAAP basis)
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Tax returns allocations
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Due diligence services
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Ongoing advice to founders
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For nearly 100 years, Anchin has provided accounting, tax, financial and operational advice to private companies. As specialists in the Food and Beverage industry, the Emerging Brands Group at Anchin has the unique combination of professional accounting experience and industry knowledge to help you accomplish your business goals.
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- Manufacturers and Distributorsadd
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Manufacturers and distributors face unique challenges that can change dramatically in an instant, whether due to supply chain, labor or other issues. The ability to adapt and make sound business decisions can make or break companies in this industry. With robust practices in the many areas of importance to food and beverage manufacturers and distributors, our Manufacturing and Distribution Group members are distinctly qualified to provide the custom services and essential insight necessary for these clients to make informed and strategic decisions. We help our clients, many of whom have large facilities, pursue opportunities and incentives for which they are eligible, as our firm has extensive real estate depth in addition to our food and beverage specialty.
Our group serves all walks of life in the food and beverage industry, including companies who manufacture for branded companies or who distribute branded products. We identify often-overlooked tax saving opportunities including research and development and economic development tax credits, providing immediate value to our clients. We are industry specialists with deep knowledge and significant experience with the issues affecting your business, such as streamlining operations and identifying cost savings opportunities. We provide solutions to operational issues ranging from inventory management and SKU rationalization to conducting insurance program reviews.
We know the challenges that are unique to this industry as well as the opportunities for improvements and tax and other savings.
Services include:
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Accounting and auditing
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Cash flow projections
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Leveraging company data/ADRS
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Manufacturing efficiency and effective data
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Systems improvement
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Mergers and acquisitions
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Tax planning
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Cost Segregation
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Lease analysis and accounting
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Tax credits and incentives
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- Retail and E-Commerce Businessadd
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Our Food and Beverage Group works with retailers of all sizes that offer varying combinations of brick and mortar, e-commerce and omnichannel shopping experiences for their customers. We understand the competitive, rapidly changing retail landscape and offer insight and practical guidance as our clients adapt to the needs of their consumers, helping them implement best practices and improve efficiencies where possible. With internal resources that keep us on the pulse of developments in real estate and technology, as well as a robust history with branded CPG manufacturers and distributors, we are optimally positioned to provide each of our retail clients with services that fit their unique needs.
Services include:
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Cash flow management
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Financial statement preparation/attestation
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Income tax planning and compliance
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Payroll and payroll tax advisory
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State and local tax advisory including sales tax
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International sales structuring and planning
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Cost segregation studies
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Lease analysis and accounting
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- Supermarketsadd
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Our Food and Beverage Group has worked with owners, operators and co-operatives for decades. We understand the challenges you and your business face and we have developed our practice to service these needs as your trusted partner. We pride ourselves on our responsive approach which enables Anchin to be a resource in your decision making.
Through the years, we have worked with owners of small supermarkets to large co-operatives. Our experience with both ends of the spectrum has enabled us to find ways to resolve issues that are advantageous to your business. We provide the tools and real time information that you need to make decisions while managing the accounting and tax issues so you can concentrate on your business.
We will help manage your operations and maximize tax savings with innovative solutions that will ultimately increase your bottom line.
Services include:
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Business process improvement
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Benchmark performance analysis
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Cash flow management
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Financial statement preparation/attestation
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Income tax planning and compliance
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Sales tax compliance
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Payroll and payroll tax compliance
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Cost segregation studies
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Internal control review
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Tax incentives
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Succession planning
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CFO/Controller recruiting
At Anchin, we realize that operating a successful supermarket requires more than just bookkeeping and financial reporting. For over 90 years, Anchin has provided accounting, financial and operational advice to private companies.
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- Restaurantsadd
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Our team has worked together with owners, operators, and franchisees for decades. We know that restaurateurs operate in a fast-paced, demanding environment where time and money are precious. Anchin understands the complicated inner workings of your business, from daily operations to the larger financial challenges you face and we have developed our practice to meet your needs. We pride ourselves on providing proactive advice.
Through the years, we have assisted a variety of companies ranging from small owner-operated establishments to large national chains and fine dining restaurants. Our staff will take many of the accounting issues off of your plate, including offering full outsourced accounting services, so you can concentrate on your core business, while providing the tools and real time information you need to make decisions and better manage your operations. We also maximize tax savings with innovative solutions that will ultimately increase your bottom line.
Services include:
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Business process improvement
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Benchmark performance analysis
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Cash flow management
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Client Accounting Services
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Financial statement preparation
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Income tax planning and compliance
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Tip reporting (Form 8027)
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Sales tax compliance
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Payroll and payroll tax compliance
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Cost segregation studies
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Succession planning
At Anchin, we realize that operating a successful restaurant requires more than just bookkeeping and financial reporting. For over 90 years, Anchin has served up accounting, financial and operational advice to private companies.
As specialists in the Food and Beverage industry for decades, the Restaurant Industry Group at Anchin has the unique combination of professional accounting experience and food and beverage industry knowledge that can help you develop advanced financial reporting systems and accomplish your business goals.
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Our Anchin team frequently exceeds expectations. Not only do they deliver the quality service that we expect, but they also freely share their extensive network and knowledge with us, empowering us to make progress in areas that are important to us.”
Stephen Plattman and the team at Anchin are an invaluable resource for our team, and we are incredibly fortunate to have their expertise readily available. They consistently demonstrate a willingness to go the extra mile to provide guidance and support, regardless of the time of day or day of the week. Their willingness to share knowledge and insights has been instrumental in our team's success.”
We partnered with Greg Wank and Anchin as we experienced growth in our emerging food business since 2009. Anchin worked with us to better understand and manage our business, analyzing KPIs as well as industry benchmarks. Their team helped us with key employee retention plans, capital planning, mitigating certain business risks, and has remained a true business advisor to our management team. Anchin was also instrumental throughout the successful diligence process leading to the sale of the company to Lactalis.”
As an operator, I have found accounting and tax excellence to be imperative to the integrity of scaling a business. Greg and his team have continuously provided high quality support that is unparalleled to our clients and portfolio brands. Start-up, mid-size, family business or one looking for an exit, I have experienced the high caliber work of the Anchin team and wouldn’t dream of aligning with different accounting partners - through growth times or war times they are your partners! Whether it’s tax savings, strategic accounting advice in investment, equity grants, or just running a business in these crazy times, it was Anchin’s relationship that directly led to one of my company’s receiving a needed loan. I am continuously impressed with Greg and team’s passion and dedication to their client partnerships!”