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Main Street Restaurant Partners has branched out to perform Financial Management Consulting for a number of restaurants that have included San Domenico, Le Cirque, Osteria De Circo, The Lion, Coffee Shop and Marcus Samuelsson’s Red Rooster Harlem and Blue Parrot East Hampton. We are the industry experts behind the success of New York City’s acclaimed Django, BLT Prime, Calle Ocho, Union Pacific and Rain restaurants.

Financial Management

Budgeting – Strategic Planning with upper management and ownership to create both profitable and attainable goals
Pro Forma Financials – We can work with you to help secure investment financing
Preparation of GAAP financial statements
Detailed management reporting with key performance indicators
Identify areas to cut costs and create savings towards your bottom line

Cash Flow Management

Daily sales reconciliation

Monitor void/comp reports

Record and verify cash and credit card batch deposits

Weekly billing of all outstanding customer receivables

Review and categorize petty cash disbursements, establish authorization process

Monitor and project cash flow and weekly bank balances

Transfer and verify funding for ​payroll accounts.

Discuss operational procedures with all management

Payroll

Weekly audit of time cards vs schedule
Monitor Payroll Adjustments
Payroll Garnishments
Organize weekly payroll processing procedures
Unemployment Claim Reporting
Unemployment Audits
Reporting of New Employees to State
Employment Tax Deposits
Quarterly and Annual Federal/State Compliance​
Rolling weekly Payroll Reports
Payroll Report Filing Accuracy
Control tip reporting accuracy

Accounts Payable

Review invoices for accuracy; categorize and record
Maintain vendor files & W-9 data for non-corporate service providers
Complete and process credit applications
Establish and work with vendors on credit terms
Discuss invoice discrepancies with vendors
Establish and maintain credit policies
Prepare weekly aging report
Process vendor payments
Monitor non-operational payments such as loans, insurance, equipment rental and other related expenses

Financial Reporting

Weekly flash reports – Sales, COGS, Labor , Operating Expense
Monthly Financial Statements – Balance Sheet, Cash Flow, Profit & Loss
Comparative historical reporting, period over period and annual performance
Monthly Bank Reconciliations
Maintenance of equity, asset and liability account schedules

Project Management

Analyzing start-up costs and needs
Creating a business plan
Reducing an overall costs
Selecting and securing a location
Obtaining the necessary business permits
Finding the right architect, if needed
Maximizing seating for optimal success
Passing health inspections
Choosing a designer
Hiring a chef and other key management staff
Selecting the right food distributors
Purchasing the right technology and point of sales system
Constructing payroll procedures
Developing a marketing plan to maximize your business


Financial Management
Cash Flow Management
Payroll
Accounts Payable
Financial Reporting
Project Management

CFO/Controller Services

Are you making as much profit as you think you should? Is your business generating positive cash flow?  If the answer to either question is no you probably need an Outsourced CFO or Outsourced Controller.  Whether your sales volume is 1 or 100 million, we will use our experience in the hospitality industry to help you run a fiscally efficient business and attain your monetary goals.

Consulting

Opening a restaurant in New York City is an exciting adventure for any entrepreneur.  Relying on partners who have been in your position and have made a success of their ventures is a smart place to start.  When working with MSRP, our staff becomes vested in your success and helps to guide you through some of the tough decision making processes that a new restaurateur faces. 

Contact Us

Whether you are an experienced restaurateur who wants to rely on the proven success of our team of financial professionals, or a first time restaurant owner who wants to make a splash, Main Street Restaurant Financial Services will help you achieve your vision.

Meet Our Team

Restaurants

Clover Grocery is a health and wellness focused specialty market and coffee bar.

259 Sixth Avenue
New York, NY 10014
212.255.5383
info@clovergrocery.com

 

Creative, health-conscious American cooking & seasonal cocktails in a casually stylish space.

10 downing street
new york ny 10014
212-675-4350
info@cafeclovernyc.com

 

A taste of Italy on the UWS, this gem is known for its vast charcuterie selection and high-end cheeses plus inventive Italian tapas too.

283 Amsterdam Ave
New York, NY 10023
info@salumeriarosinyc.com

High-end steakhouse with a modern menu set in an airy upscale space.

106 East 57th Street
New York, NY 10022
212.752.7470
info@e2hospitality.com

 

Top-of-the-line steaks & fluffy popovers bring an upscale crowd to this stylish chophouse.

111 East 22nd Street
New York, NY 10010
212.995.8500
info@e2hospitality.com

Nuevo Latino food, including a festive brunch, served in a colorful space in the Excelsior Hotel.

45 W 81st Street in the Excelsior Hotel
New York, New York 10024
Phone: (212) 873-5025
calle_events@msrpgroup.comThe newest Upper West Side gem serving refreshing cocktails and delicious bites.

573 Columbus Ave
New York, NY 10024
Phone: 212.799.1602
info@bodega88nyc.com

Email

info@msrpgroup.com

Office Hours

Mon-Fri  9AM - 6PM

Telephone

(O): 212-223-6432

(F): 212-759-9073

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