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Ceterus Acquires QSR-Focused Accounting Firm

Accounting and business consulting firm Ceterus has announced the acquisition of Sandwich Math, an accounting and bookkeeping firm focused on serving sandwich restaurant franchises. Sandwich Math was founded by Nick Olson, a former Jimmy John's franchisee, to better meet the needs of Jimmy John's franchisees.

A Charleston, South Carolina-based company that specializes in accounting for small businesses and franchisees, Ceterus says the acquisition will provide its restaurant franchise customers with visibility into the performance of similar companies, which can inform business decisions. Financial terms of the deal have not been disclosed.

Ceterus serves its customers, including QSRs like Little Big Burger and The Burger Joint, with its managed bookkeeping and tax services. It is able to do period versus monthly accounting, adheres to a brand’s specific reporting requirements, and provides customized dashboards that show how each franchisee is doing in comparison to its peers.

In addition to QSRs, Ceterus serves 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. — CPA Practice Advisor

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