Artichoke didn't know what to do after their business kept going down and they found out they owed the ATO a lot of money due to there being no cashflow to fund ATO payments. Their passion had always been making coffee's and servicing customers' savoury needs but they claimed they always needed help with their business side.
Client Name: Louis Carillo
Location: Sydney, NSW
Size: 1- 10 Staff
Artichoke's Coffee Shop is a medium size business which has been in operation for 18 months doing a couple million dollars in turnover. They had a strong drive for satisfying customers cravings and providing high quality coffee with customer service to the people of the community.
"My passion was seeing customer's with a smile on their face ... now I just want to get out of debt."
Louis Carillo Founder
How has your project helped the client?
finding the pearl
After heavy negotiation with the ATO we were able to secure a fair amount of negotiations which favoured Louis. We placed everything on a cloud based system, which provided him 24/7 access to his numbers so he can understand where his business is positioned at any point in time. Through the entire restructuring phase we put a gameplan through to have the debt paid off in the next 18 months.
After identifying growth patterns specific for Louis' business they are now leveraging our Virtual CFO services to constantly assess whether or not the finances are in check. Through a coaching session we now have put together a 5 year growth plan so that they never fall into the hole they were in before.
CLoud based systems with 24/7 access
5 year growth plans
Cash flow funding approved via the broking channel
Savings incorporated to pay furture GST and PAYG