The accounting and business consulting firm Ceterus has announced the acquisition of Sandwich Math, an accounting and bookkeeping firm serving sandwich restaurant franchises specifically. The acquisition expands Ceterus’ base of quick-service restaurant (QSR) customers, and enhances the company’s ability to provide benchmarked reporting on QSRs. Financial terms of the deal are not being disclosed.
Ceterus serves thousands of small businesses and franchisees with its managed bookkeeping and tax services, including QSRs like Little Big Burger and The Burger Joint. QSRs prefer Ceterus for its ability to do period versus monthly accounting, strict adherence to a brand’s specific reporting requirements, and customized dashboards that show how each franchisee is doing vis a vis its peers. Industry specialization is competitive differentiator for Ceterus. In addition to QSRs, Ceterus is an expert in the accounting needs of health, wellness, beauty and fitness franchises.
“We are very excited to be working with the leadership team at Sandwich Math and continue our focus on empowering small business entrepreneurs, especially in franchise markets,” says Levi Morehouse, founder and CEO at Ceterus. “Working with Sandwich Math CEO Nick Olson and his team, we can serve a larger number of QSRs and provide even more comprehensive data to our customers about the health of their industry, which helps to inform and guide their business decisions.”
“We’re happy to join the Ceterus team and extend their automated accounting solution to our existing clients, as well as help us reach more franchisees who deserve better services and to maximize the return on their franchise investment,” says Olson.