Unlocking Franchise Profitability: The BeanSquad Bookkeeping Advantage

When it comes to managing the unique financial complexities of franchising — from multiple locations and royalty fees to marketing fund contributions and compliance reporting — traditional bookkeeping just doesn’t cut it. That’s where BeanSquad steps in, offering a specialized solution designed for the franchise model. With a client roster of over 1,600 units nationwide, BeanSquad brings deep franchise expertise, advanced systems and a “why-driven” approach to bookkeeping that’s helping franchisors and franchisees unlock greater profitability and financial efficiency.

“You are not the first franchisee we are working with — and that’s important,” said Mike Greenblatt, partner and senior vice president of business development and strategic growth at BeanSquad. “In today’s day and age, you want someone comfortable in franchise maneuverings, whether that is corporate compliance or utilizing a specific chart of accounts. Understanding your finances in a way that works with the franchisor is incredibly important.”

Solving Franchise-Specific Challenges

Franchise operators juggle a host of financial complexities that independent business owners simply don’t face — managing multiple units, adhering to brand-specific reporting requirements, calculating royalty fees and contributing to marketing funds. Greenblatt emphasizes that BeanSquad is built to handle these challenges seamlessly.

“We work with vendor partners in the franchise space and know a lot of the key franchise concepts,” Greenblatt said. “We also know a lot of the key systems that allow bookkeeping to be handled more efficiently. End to end, whether you are large or small, we can handle the services you need.”

This means BeanSquad’s clients not only get accurate financial records but also the operational insights needed to make smarter decisions, faster.

The Power of “The Why”

While many accounting firms focus strictly on “the what” — categorizing expenses, tracking revenue and producing reports — BeanSquad focuses on the “why” behind the numbers. That distinction makes a major difference.

“In the bookkeeping space, it’s very easy for the firm to tell you what the numbers are. But oftentimes, they miss the why,” Greenblatt said. “Explaining the why — why your gross margins look the way they do, why profitability isn’t reflected the way you expect — allows the business owner to make operational decisions from it. The why is so important to any business owner.”

Real-world results prove the value of this approach. Greenblatt recalls working with a franchisee who came from a different brand, frustrated because the books showed strong revenue, yet cash flow didn’t match up.

“Within five minutes, I could explain why the financials weren’t properly effective and where her money was going — and how to fix it for the future,” Greenblatt said. “Ninety percent of the accounting space is educational. If I can teach you, it makes you so much stronger as a business owner.”

BeanSquad’s mission isn’t just to keep score — it’s to empower franchisees with the financial knowledge needed to grow faster and smarter.

Convenience, Communication and Customization

Unlike many bookkeeping firms that operate on rigid schedules, BeanSquad is designed around franchisees’ needs.

“My staff is always available for a monthly call,” said Greenblatt. “We have a client portal they can access anytime, and clients have a direct phone number and link to their team. We want to work around their schedule rather than being strict.”

This flexibility ensures that franchisees and franchisors can get the answers they need, when they need them, without disrupting operations.

Forward-Looking Innovation

BeanSquad isn’t resting on its success. The company is investing heavily in technology to make franchise financial management even smarter and more strategic.

“We are doing a lot of things with major software partners to help launch key KPIs, financial benchmarks and AI coaching tools for firms in the future,” Greenblatt said.

By leveraging AI and benchmarking data, BeanSquad plans to give franchisees even deeper insights into their financial performance — empowering them to course-correct and capitalize on opportunities faster than ever before.

Real-World Success: From Confusion to Clarity

One of BeanSquad’s biggest differentiators is its ability to translate financial chaos into actionable clarity. Take the example of Corey Chappel, a UPS Store franchisee who partnered with BeanSquad after expanding to multiple locations. Overwhelmed with the complexity of managing multiple books, he turned to BeanSquad — and saw his revenue nearly triple in just a few years.

BeanSquad not only streamlined Chappel’s accounting but also identified areas for operational improvement, setting him up for sustainable growth. “In just three years, we’ve grown our stores from $350,000 in revenue to nearly $1 million,” Chappel said. “BeanSquad has played a crucial role in that growth.”

This success story is not unique. Across brands and markets, franchisees working with BeanSquad are seeing better financial visibility, improved profitability and greater confidence in their business decisions.

The Bottom Line

Franchise success depends on much more than selling products or services — it requires understanding and managing the numbers behind the business. BeanSquad delivers the specialized expertise, educational support and innovative tools franchisees and franchisors need to thrive in today’s competitive environment.

“We allow our clients to take their expert business knowledge and make 2+2 equal 10,” Greenblatt said. “That’s the BeanSquad advantage.”

Learn more about how BeanSquad can help you unlock your franchise’s full financial potential at www.beansquad.com.