Sharp CFO™ was engaged as a part-time CFO for a power sports superstore that was relocating and building a brand new ground-up facility at a cost exceeding $3 million. The engagement started with an analysis of liability, as businesses like power sports stores can often find themselves deep in litigation. We first implemented asset protection strategies, providing a baseline for protection.

Once we established this foundation, we worked on creating financial projections to secure construction loans and performed asset allocation for further asset protection, setting up several LLCs to establish a robust strategic protection plan.

Additionally, we implemented cost segregation, which allowed the company to depreciate and write off the building quickly, resulting in improved cash flow during the initial years. This increased cash flow enabled the business to pay down its financing faster, significantly boosting profitability.

Our engagement continued for over six years as the company expanded and stabilized its profitability. Eventually, the business brought in an in-house controller to manage ongoing financial operations, marking a successful transition from our strategic guidance to self-sustained financial management.

One of the key benefits for the superstore has been having a trusted financial advisor just a phone call away.

Whether for simple queries or complex financial decisions, having a part-time CFO to guide them has been invaluable. This level of accessibility and personalized support ensures that no matter the size of your business, you have the expertise needed to navigate financial challenges and opportunities effectively.