You turn to Accordion.
We jump in as financial advisors and interim CFO, and partner with your team to provide stakeholders with an improved liquidity plan, re-assess operational and financial processes, and help adapt to rapidly changing situations. By developing a 13-week cash flow model, we size the liquidity gap and provide comfort to the senior lenders to fund incremental working capital support. Specifically, we:
- Manage strained vendor relationships and the weekly payables process.
- Develop a long-term business plan model to assess profitability and business value potential.
- Identify cost-saving opportunities and incorporate new pricing strategies.
- Develop nonexistent FP&A functions such as monthly reporting and the annual budget process.
- Support management in unit profitability and strategic analysis.
After the COVID-19 outbreak forces closures, we reduce our role due to the limited ongoing operations. After an abrupt bankruptcy protection filing, we re-engage as CRO to successfully guide your company through the Chapter 11 process.
Your value is enhanced.
You successfully navigate bankruptcy and go through a sale in a §363 auction process. Additional transition services to the new ownership help you emerge from bankruptcy and re-open restaurants after COVID-19.