There are unique and multiple challenges to running a successful business in the food and beverage industry.
Consumer needs, preferences, and behaviours are constantly changing, such as consumers’ increased desire to shop online. Raw materials and food ingredient costs are on the rise, and the regulatory environment has become increasingly complex.
You may have seen how foreign exchange swings impact supply chain costs, purchase decisions, and may affect pricing. How do you adapt to fluctuations in foreign exchange? Can you pass those costs on to customers? How are you managing your risks?
It’s a lot to manage.
How we help
At Fuller Landau, we have deep-rooted expertise in the food and beverage sector, including sub-industries such as beverages (distillers and vintners); distribution (consumer packaged goods, groceries, and related products); and health and wellness (cold-pressed juices, healthy salad options, etc.).
We can support you through all stages of your business life cycle, from helping with investment decisions and preserving value to considering cross-border expansion, looking to implement a more tax-effective corporate structure, succession planning, or anything in between. We can also assist with cash flow forecasting to help you manage your business’s financial health.
Our dedicated food and beverage group, comprised of professionals across all service lines, has a wide knowledge of the industry. Our team stays ahead of industry trends and regulatory changes to provide strategic insights and tailored advice. As active members and sponsors of key industry associations, we remain deeply connected and committed to maintaining our leadership within the sector.
We serve national and global food and beverage clients, and you’ll benefit from our global alliances: The International Accounting Group (TIAG) and Leading Edge Alliance (LEA), which let us give you access to expertise in local markets. And of course, our full range of services at Fuller Landau is available for clients.
Our work
The following two examples demonstrate some of our expertise at the service of food and beverage health and wellness sub-sector clients:
GTA-based supplier and retailer of plant-based foods and juices
- M&A group provided corporate refinancing to a Toronto-based health and wellness client (wholesaler and retailer of cold-pressed juices and healthy salad and related options), enabling it to expand and further diversify its business operations, mitigating risk overall
- Assisted with search for equity investor
- Provided on-going business and tax advisory services
- Performed year-end compliance work, including financial reporting and tax preparation services
GTA-based juice and smoothie retailer
- Provided bookkeeping and payroll support, sales tax compliance and reporting, CRA troubleshooting, and ongoing advisory and oversight via our Outsourced Small Business group (through which we can also fill the controllership function or CFO role for companies)
- Performed year-end compliance work, including audit, review, and Notice to Reader
For more information, contact us or meet our team.
