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Outline of Services Performed:

  • business development
  • financial plan development
  • financial planning
  • debt restructuring
  • turnaround management
  • lender due-diligence preparation

Beneficiary of RHG's Expertise:

    The Company has experienced a decline in business over
    the past several years due to the following events: (i) lack of
    qualified management and leadership, (ii) lack of qualified
    store infrastructure management, (iii) the pseudo control of
    and over-dependence on franchisor in the Company, (iv)
    competition from large national retailers, (v) outsourcing of
    financial controls and reporting, and (vi) the inability to
    capitalize on its long-standing brand and compete effectively.  
    The decline in business is causing the Company to
    experience a cash-flow shortfall, and its owner is concerned
    about the value of the Company as it relates to owner’s
    estate. Prior to RHG’s involvement, the Company correctly
    engaged the services of a human resources consulting
    company to address staff issues.  Since the principals of this
    human resources company previously held positions at a
    major grocery retailer in Ohio, they also counsel the Company
    on store-operations improvements, including merchandising,
    advertising and promotions, vendor negotiations, and

Description of Services Performed:

    In collaboration with the human resources company, Richard
    Henry Group has been engaged to develop an assessment:

  • of the current financial structure,
  • the financial report systems,
  • asset analysis,
  • secured lending relationships,
  • unsecured lender / vendor relationships,
  • cash and capital requirements,
  • staff capabilities,
  • financial and operation problems affecting the
    company and its performance, and
  • develop a financial and operational turn around plan
    to resolve the company’s troubles.


     financial restructuring
MULTI-CHANNEL RETAILER
RICHARD             GROUP, LLC
HENRY
Meaningful Partnerships
Consequential Change
Measurable Results
Business Development and Turnaround Advisors
Client Quotes:
    section under development

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RICHARD HENRY GROUP
ANNOUNCES THE LAUNCH OF
ITS NEWLY DEVELOPED
WEBSITE

Richard Henry Group, a
northeast Ohio business
development and turnaround
advising firm, announces the
launch of its new website.  The
website has been created to
reflect Richard Henry Group’s
organizational culture, strategy,
and uniqueness.  The website
may also be used as a
resource tool by Richard Henry
Group’s referral partners and
its current and prospective
clients.  www.RHGsolutions.
com provides visitors with case
studies, a news archive, and
the most recent news about
the company.  The website has
been developed and
maintained by COSMIN
Consulting.  Richard Henry
Group would like to invite
interested parties to visit its
newly developed website and
submit their feedback.