Helped the debt-ridden barbershops out and raised profits of their owners by 10% - all during the quarantine.
Client
Branch
Expert
Service
Owner of the Old Boy Barcelona – a franchise of the biggest barbershop chain in the world – came to us when the situation was critical: no company performance reports for the last 4 months, blocked access to accounts, warning notices from the tax authorities, social security agency and even the employees. They were unable to connect to surveillance cameras and go to Spain so as to sort the problems out on site.
Mission
To understand what’s going on in and with the business, settle the conflicts with the employees and the public authorities.
Go back in the black as soon as possible, effectively and with minimum loss.
Result
By the end of 2020, the turnover increased by 10% compared to the period preceding the problems with the CEO. The debt is down to EUR 7,800 from EUR 35,000. As of today, the company is making profit again. No small feat in the period of coronavirus pandemic.
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