McFaddenAccounting

How McFadden Accounting Helped Westley Management Streamline Operations and Drive Profitability

Westley Management, owned by Dennis Stanley, operates in the food and hospitality industry, overseeing multiple restaurant operations. The business faced challenges with back-office inefficiencies, rising costs of goods sold (COGS), and a lack of financial clarity, which impacted profitability and strategic decision-making.

The Challenge

Disorganized Financials – Inconsistent bookkeeping and back-office inefficiencies made it difficult to track revenue, expenses, and profitability.
Unstable Cost of Goods Sold (COGS) – Poor tracking and fluctuating supplier costs affected profit margins.
Lack of Strategic Oversight – Without financial insights, decision-making for scaling and cost control was reactive instead of proactive.
Limited Growth Planning – The business lacked structured financial forecasting, making it difficult to expand confidently.

Our Approach

McFadden Accounting implemented a three-phase resolution strategy to restructure Westley Management’s financial operations and drive long-term stability.

1. Accounting Resolution & Back-Office Optimization

✅ Conducted a deep audit of financial records, identifying inconsistencies in COGS tracking and profit margins.
✅ Rebuilt and structured the back-office accounting system for better financial visibility and efficiency.
✅ Implemented accurate bookkeeping processes, ensuring timely tracking of sales, expenses, and cash flow.

2. Cost of Goods Sold (COGS) Stabilization & Profitability Analysis

✅ Developed a customized tracking system for COGS, allowing for better purchasing decisions and pricing strategies.
✅ Identified cost inefficiencies and provided recommendations to improve vendor negotiations.
✅ Created profitability metrics that allowed the owner to track performance per location.

3. Advisory & Growth Strategy Implementation

✅ Quarterly Advisory Engagement – Dennis Stanley partnered with McFadden Accounting to gain ongoing financial guidance and strategic planning.
✅ Assisted in budgeting and forecasting, ensuring sustainable expansion.
✅ Supported the launch of a new restaurant, ensuring financial structure and operational readiness.
✅ Both businesses are now monthly clients, receiving continuous financial oversight and strategic insights.

The Results

📊 Back-Office Stability – The business now operates with a structured financial system that provides accurate, real-time financial data.
📉 COGS Optimization – Improved cost tracking and pricing strategies led to more stable profit margins.
💡 Strategic Decision-Making – With ongoing advisory services, Dennis Stanley has a second voice guiding his financial and operational growth.
🏆 Business Expansion – Westley Management successfully expanded, and both businesses now run on monthly financial management support.

Client Testimonial

“Working with McFadden Accounting completely transformed how I manage my business. Before, I was running my restaurants without a clear understanding of profitability, and I constantly struggled with rising costs. Now, I have a structured system, accurate financials, and expert guidance that gives me confidence in growing my business. With their ongoing support, I successfully opened a second restaurant, and I wouldn’t trust anyone else with my financials!”

– Dennis Stanley

Owner of Westley Management