Harvest Foods
The Challenge
Harvest Foods, a food processing company specializing in seasonal produce, faced significant cash flow challenges due to the cyclical nature of their business. They needed to expand their processing facility to accommodate growth but struggled with inconsistent cash flow that made traditional financing difficult to secure.
Additionally, their existing financial systems didn't provide adequate visibility into product line profitability, making it difficult to make informed business decisions.
Our Solution
We implemented a comprehensive financial strategy that included:
- Seasonal cash flow management plan with targeted inventory controls
- Structured financing proposal for facility expansion that accounted for seasonal revenue patterns
- Implementation of activity-based costing to identify true product profitability
- Tax planning strategies specific to food processing operations
- Financial forecasting model that incorporated seasonal variations
The Results
Through our partnership with Harvest Foods, we achieved:
- Secured $2.5M in facility expansion financing with terms that accommodated seasonal cash flow
- Reduced seasonal cash flow gap by 30% through improved inventory management and vendor terms
- Identified $180K in annual tax savings through strategic tax planning
- Improved product line profitability analysis that led to a 15% increase in overall margins
- Implemented financial dashboards that provided real-time visibility into key performance indicators
Client Testimonial
"The seasonal nature of our business created unique financial challenges that our previous accountants struggled to address. Schapira CPA developed strategies that not only helped us manage our cash flow more effectively but also secured the financing we needed for expansion. Their understanding of food processing operations was invaluable."
