|
Business and Financial Analysis
|
|
Total
Operations Audit (TOA)
Our team evaluates
operational successes and
opportunities via our Total
Operations Audit. |
Total
Financial Analysis (TFA)
Our Total Financial
Analysis is designed to
establish the reasons
behind your success as
well as areas of
opportunity. |
|
|
This
comprehensive audit will
outline each area of the
unit from hiring and
retention to cost control to
training. The audit is
performed over the course of
two days, generally a
Tuesday and a Thursday. This
provides the auditor with a
snapshot of the total
operation and how it
performs during the peak and
off peak times. It also
affords the auditor to spend
time with the entire team
(management and hourly).
This interaction gives IRC.
a fuller understanding of
your complete operation.
Once the audit is complete,
a written report will be
created within 2
weeks. After such time we
will meet and review the
audit in it's entirety.
In
order to complete the audit,
we will spend 2 days in the
unit and then the remaining
time at our offices to
analyze the collected data.
The report that you will
receive will outline each
area of observation, our
findings and recommended
measures to take in order to
improve or strengthen that
particular area. |
|
Through our TFA, we
will review your profit and loss
statement and the supporting
material to identify the
accuracy of these numbers and
the true impact they are having
on your business.
The key areas we will focus on
are:
-
Revenue - Gross vs. Net
-
Cost of Goods Sold (COGS)
-
Labor Cost
-
Operating Expenses
-
Occupancy Costs
-
Store Contribution
After a complete analysis is
performed, we will provide you
with a detailed report that
will
outline each area of
observation, our findings and
recommended measures to take in
order to improve or strengthen
that particular area.
|