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Small Business Start-Up and Expansion 2017-02-17T04:51:51+00:00

Small Business Start-Up and Expansion

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Saratoga Paint and Sip Studios

Small Business Accounting, Consulting, and More

Saratoga Paint and Sip Studio is an interactive art studio and unique destination for a night on the town. During each class, guests transform into budding artists as local painters hand them a glass of beer or wine, a blank canvas, and walk them step-by-step through the creation of a one-of-a-kind masterpiece. Since its foundation, the company has grown from three employees and one location to thirty employees and three locations in two different states. With seats sold out weeks in advance, it remains a highly demanded location for private parties, fundraisers, team building workshops, birthdays, bachelorette parties, and more.

First Steps in Business

Catherine Hover had never owned a business before and she came to Reinhart with a vision for joining a franchise. The Reinhart team helped her unfold a bigger opportunity – building an effective business model and running her new company at a much higher profit margin by forgoing the franchise. To launch Saratoga Paint and Sip, the Reinhart team set up monthly bundled services that helped Catherine:

  • Build a business plan to attract bank financing, acquire a location, engage insurance providers, and obtain a liquor license
  • Implement a scalable accounting system that included:
    • Mentoring on the necessary steps to run a legal and profitable business
    • QuickBooks setup and training
    • Monthly bookkeeping, payroll, sales tax, and other accounting functions
    • Federal and state tax compliance

“Reinhart gave me the confidence that I could actually do this. That single handedly changed the outcome of my life.”

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Multi-State Expansion

After the successful launch of her first location, Catherine worked with the Reinhart team to expand, hire employees, open new locations in different states, and create a strategy and business model that could be replicated and managed by someone else in her absence.

As part of a long-term relationship, Reinhart partnered with Catherine to provide:

  • Strategy sessions to review business finances and performance as she acquires new locations and expands operations
  • A day-to-day logistics plan she can easily delegate to managers when she’s out of office
  • Multi-state payroll and tax management

Saratoga Paint and Sip Today

Reliable Services and a Personalized Partnership

In just under three years, Catherine now has:

  • A business she loves and financial independence
  • Three locations and thirty employees
  • A sustainable business plan and a strategy for growth
  • A profitable, replicable model
  • Confidence in her ability to handle loans, leases, and licenses
  • A scalable accounting solution that she can rely on
I can’t imagine where I’d be today without the team at Reinhart. I talk to them about every decision. They are my most trusted advisors and have played every major role, from the CFO to friend, in the launch and growth of my business.
Catherine Hover, Owner, Saratoga Paint and Sip
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