Retail Industry Experience

The services that we provide at William Heller Associates are designed to help retailers to develop the expertise to exceed industry standards. We will assist in developing a plan with cash flow projections to monitor the business and determine the level of financing needed to support the business. The industries our services have been provided to include:

• Furniture
• Restaurants
• Apparel
• Hardware/Home Improvement Center

Case Study

A retail furniture store that has been in business for over 50 years, recognized the changes in their market, and engaged William Heller Associates to assist them in their development of a plan to expand their business. Working with management a plan was developed to open a new retail furniture store that had brand recognition. After studying various manufactures, the demographics of the market, and the availability of management, the principals opened a La-Z-Boy gallery in the Mid-Hudson Valley area of New York. 

Due to a constant monitoring of the business, including its marketing and operations, the store in year one exceeded all expectations in terms of revenue and profitability.  Using this experience as a strategy the principal have now expanded to three stores doing approximately $11 million in revenue per annum in revenue.

In addition to providing the budget, cash flow analysis, financial reporting and tax planning, we assisted management in negotiating leases, bank financing, and the purchase of a building for one of the new locations. The acquisition of this new building and the site evaluation has provided management with a reserve for future cash flow needs as the building has appreciated in value in two years from $2 million dollars to over $3.5 million dollars.

Contact us today for a free initial consultation to discuss how we can bring our expertise to your business. Click here to contact us, or call 212-421-7864