Culver’s
Outsourced accounting brings more to the table
John Laudenbach and his two daughters own three Culver’s restaurants in Minnesota. The family needed an accounting service that matched their restaurants’ small-town, friendly feel and unwavering commitment to value and quality.
The Challenge
John Laudenbach used an out-of-state accountant to manage his restaurant and real estate accounts, and he was frustrated by continually rising fees from a provider he’d never met. Laudenbach was looking for more support and greater value from his accounting relationship. He was introduced to Wipfli at a Culver’s Franchising System annual reunion, where one of his daughters won a drawing for discounted outsourced financial accounting services. The lucky moment kicked off a new accounting partnership.
The Solution
Because Wipfli had experience with Culver’s franchise agreements, it was able to quickly set up systems to monitor and manage the restaurants’ financials. Wipfli also provided outsourced support for:
- Financial reporting
- Daily bookkeeping
- Monthly account reconciliations
- Bill processing and payment
- Payroll
- Tax planning
- Tax compliance
Wipfli’s services and professionalism are top-notch. They have a great understanding of the industry and a strong commitment to do what needs to be done. I have worked with a few accountants in the past, and I can say Wipfli stands among the best.
The results
Wipfli made it easier for Laudenbach to monitor his restaurants’ financial performance and cash flow, which has resulted in better business planning and strategies. Laudenbach also worked with Wipfli to minimize tax liabilities and start succession planning to secure his daughters’ ownership in the restaurants. Now, he has a helpful, one-call resource for business advice, financial analyses and holistic accounting support.
