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The franchising industry is facing a unique set of challenges, including economic volatility, heightened international competition, and legislative challenges. In today’s crowded and highly competitive environment, success depends on swift management decisions, solid relationships between franchisees and franchisors, and the anticipation of future trends.
BDO draws on experience serving the franchising industry to help our clients navigate challenges and identify opportunities for growth. We provide services across a wide range of areas, from tax and audit issues to corporate governance and internal controls. Our dedicated franchising professionals work with companies including emerging franchisors, multi-unit franchisees, private equity firms, and publicly traded entities across all industries. Additionally, as growth opportunities continue to increase in emerging markets, BDO’s vast international network allows us to help our clients wherever they do business.
Shifting economic trends, finicky shoppers, and consolidation in the retail industry have retailers adjusting their business models, whether by selling U.S. brands overseas or investing more in operations to thwart cybersecurity.
BDO’s Consumer Business Practice helps businesses compete in a marketplace undergoing transformation, through industry-specific knowledge regarding regulatory, reporting, and complicated tax requirements – all of which vary widely by state and by country. In 2010, BDO was the first major accounting firm to launch a retail- and consumer-focused blog and Twitter feed, and we continue to offer thought leadership on news and trends that impact the sector.
More and more shoppers are using mobile devices to make their purchases, and BDO offers guidance to companies on how to best take advantage of the growing trend. BDO has assisted many retailers on their most important endeavors, whether by offering guidance on accessing capital, expanding operations, or how best to maximize return for investors.
As new stadiums with high-end amenities emerge across the country, the cost to pay for talent and draw fans continues to rise with ticket prices. As a result, sports and leisure companies must find ways to cover these expenses and drive profits through viewing experiences. And amid the proliferation of viewing options, the distribution of media rights remains a significant issue.
From finding investors for a new stadium to negotiating media deals, BDO understands the challenges and complexities many sports organizations face. Through audit, tax, and consulting services, BDO provides guidance to a wide range of sports and leisure clients, including professional sports franchises and health clubs.
Around the world, BDO assists in conducting valuations, analyzing sponsorship opportunities, measuring sponsorship impact, and structuring leases. BDO has not only provided assistance to teams in major sports professional sports leagues – including the NFL, NBA, MLB, and NHL – but also performed NCAA agreed-upon procedures, keeping clients up to date on the latest reporting requirements.