Case Study : Return National Tour Operator to Profitability

A thirty year-old well regarded tour operator had been sustaining substantial financial losses as a result of the economic downturn. The company needed strategic direction, more disciplined financial reporting and management development. Kellogg was hired by the stockholders to access the prospects for the company, as well as to serve as part-time interim CEO. During a six month period, the company went from sustaining substantial financial losses to profitability. This was accomplished by:

1. Substantial improvement in both historical financial reporting as well as implementation of a robust budgeting process.
2. Establishing a disciplined decision-making process that was based on financial metrics.
3. Development of a Management Team that can carry the company forward successfully.
4. This was accomplished while keeping overhead levels under tight control.

Case Studies

• Management buyout of Family-Owned Business
• Return National Tour Operator to Profitability
• Quick-Casual Restaurant Franchisee obtains growth capital
• Medical Products OEM Supplier
• Employee Stock Ownership Plan
• Turnaround Operations and Obtain New Financing
• Strategic Planning and Outside CFO
• Lender With a Substantial Problem Loan
• New England Community Bank
• 40-Year-Old Family-Owned Apparel Manufacturer
• Fast-food Franchisee
• Jewelry Wholesaler
• Start-Up Construction Equipment Manufacturer

What Our Clients Say

“Dave has now done two tours of duty with Ageless Innovation. When we started the company, we knew we did not yet need a fulltime CFO, but we needed the knowledge and experience of a seasoned finance professional. Dave jumped right in to help us set up our banking relationships, establish our loan with the BDC-RI, set up and populate our systems and most importantly be a strong financial partner for the co-founders. Dave quickly became part of the team and helped steward us through the first couple of years. When the time came to hire a full time CFO, Dave helped with all aspects of the hiring and transition processes making it seamless.

Unfortunately, a year later we were back in the CFO search process and my first call was to Dave. Within hours we were meeting and the next day he was back in the office as our interim CFO helping us with another hiring and transition. Dave jumped back in and we never missed a beat. We still rely on Dave for advice and guidance and he has become a trusted friend to me and to the company.”

- Ted Fischer, CEO & Co-founder
  Ageless Innovation, LLC

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