How a 50-Location Restaurant Recovered $2M in Nine Months

A well-known casual dining brand had successfully expanded to 40 locations, but its financial infrastructure hadn’t evolved at the same pace.
The company faced mounting challenges that strained its cash flow and lender relationship, including missed reporting deadlines, unused budgets, and unclear visibility into daily operations.
After falling out of compliance with its bank covenants and receiving an unrealistic $400,000 audit proposal, the bank referred the company to Global Shared Services (GSS) for immediate support.
The Challenge
- Limited Financial Visibility: No consistent process for decision-making led to reactive cash management and limited forecasting.
- Technical Default: Missed reporting deadlines and outdated systems left the company out of compliance with its bank.
- Lack of Accountability: Budgets were ignored, and managers lacked the structure and data to connect operational choices to financial outcomes.
The GSS CFO Services Playbook
GSS implemented a structured, four-part framework designed to restore stability, rebuild confidence, and create lasting accountability.
1. Financial Performance Analysis
- Benchmarked results against top-performing restaurant peers to identify cost and margin gaps.
- Set clear, measurable goals, including reducing food costs by 2% within 90 days and targeting a 10% EBITDA margin.
2. Strategic Financial Planning
- Shifted planning from a static, top-down exercise to a collaborative process involving both finance and operations.
- Introduced a rolling forecast and practical budget that teams could trust and use.
- Established a rhythm of weekly labor forecasts, monthly performance reviews, and quarterly planning resets.
3. Cash Flow Optimization
- Built a weekly cash flow report combining five weeks of actuals with a 13-week rolling forecast, giving leadership a live view of past and future trends.
- This model replaced vendor-payment juggling with proactive planning, turning cash flow positive by the second month.
4. Capital Structure and Lender Alignment
- Connected the company with a trusted audit partner, reducing costs from $400,000 to $100,000.
- Delivered bank-ready reporting and held weekly updates to rebuild transparency and confidence.
Building a Culture of Accountability

Results Delivered
In just nine months, the restaurant group achieved a measurable turnaround:
- $2M+ EBITDA Improvement – Increased from $7M to a forecasted $9M.
- Restored Cash Stability – Achieved predictable, positive cash flow with disciplined forecasting.
- Renewed Lender Confidence – Transparent communication and steady progress earned the bank’s trust.
By establishing structure, rhythm, and financial clarity, GSS helped the company move from crisis to confidence, setting a strong foundation for continued growth.
Ready to see what financial clarity and control can do for your business? Schedule a free, no-pressure discovery call to learn how GSS can help you get back on track.
Frequently Asked Questions

What are CFO Services, and how do they help companies like this one?
CFO Services provide the financial structure, forecasting tools, and leadership alignment that many growing companies need but don’t have internally. At GSS, this includes weekly cash flow reporting, performance benchmarking, and consistent accountability rhythms that help stabilize cash and improve profitability.
How quickly can results like this be achieved?
While timelines vary, most companies begin seeing improvements in cash visibility and decision-making within the first 60 days. In this case, disciplined forecasting and structured leadership meetings led to a $2M EBITDA turnaround in just nine months.
Can smaller restaurant groups or multi-unit operators benefit from this approach?
Yes. Whether managing 5 or 50 locations, operators often face similar challenges with visibility, forecasting, and accountability. GSS’s model scales to provide the same clarity and structure regardless of company size.
How does GSS ensure ongoing accountability after the initial turnaround?
By establishing weekly and monthly reporting rhythms, leadership alignment meetings, and ongoing performance reviews, GSS helps companies build habits that sustain results long after the engagement ends.
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