EPISODE · Dec 27, 2023 · 28 MIN
Episode 9: John Mollica, Co-Founder and President of My Franchise CPAs
from Franchise QB · host Mike Halpern
SummaryIn this episode of the Franchise QB Podcast, host Mike Halpern interviews John Mollica, Co-Founder and President of My Franchise CPAs. They discuss the role of accounting and financial strategies in the franchise industry. John shares how he got started in accounting and how his firm found its niche in serving franchisees. They explore the gap between franchisee expectations and the services provided by franchisors, and how My Franchise CPAs fills that void. They also discuss the various services offered by the firm, including business formation, accounting, and tax advisory services. John provides insights into the cost structure and benefits of these services for franchise owners. The episode concludes with a discussion on upcoming initiatives and year-end tax planning tips.TakeawaysAccounting and financial strategies play a crucial role in the success of franchise businesses.Franchisees often have different expectations than what franchisors provide, creating a gap that can be filled by specialized accounting firms.My Franchise CPAs offers a range of services including business formation, accounting, and tax advisory services tailored to the needs of franchise owners.The cost of engaging My Franchise CPAs varies depending on the extent of services required, but the firm aims to provide a strong return on investment for its clients.Chapters00:00Introduction01:15Getting Started in Accounting02:13Entering the Franchise Industry03:09Filling the Gap in Franchise Services04:07Maximizing Return on Investment04:53Business Formation Services07:41Accounting Services for Franchise Owners09:31Tax Advisory Services15:08Reviewing Franchise Financials17:51Pro Forma Analysis and Cash Flow18:50Evaluating Existing Franchise Businesses20:16Determining Service Needs for Clients23:37Case Studies: Solving Franchise Challenges26:01Upcoming Q&A and Year-End Tax Planning27:20ConclusionFree Resource for Franchise QB Listeners:The Franchise QB Playbook will guide you through the process of finding your perfect franchise fit. Free Franchise Doc: 👉https://www.franchiseqb.com/playbook#franchiseownership #FranchiseOpportunities #OwnABusiness #FranchiseSuccess #FranchiseQBContact me and my team with any questions along the way. www.calendly.com/franchiseguyMike Halpern, [email protected]
What this episode covers
Summary In this episode of the Franchise QB Podcast, host Mike Halpern interviews John Mollica, Co-Founder and President of My Franchise CPAs. They discuss the role of accounting and financial strategies in the franchise industry. John shares how he got started in accounting and how his firm found its niche in serving franchisees. They explore the gap between franchisee expectations and the services provided by franchisors, and how My Franchise CPAs fills that void. They also discuss the var...
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Episode 9: John Mollica, Co-Founder and President of My Franchise CPAs
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