The Garden Center Group Expands Financial Team
The Garden Center Group has announced that Tim Quebedeaux, Tim Quebedeaux Consulting, has joined the group as a service provider. Joining forces with Steve Bailey, Steve Bailey Consulting, to form RetailKPI Consulting LLC, they will provide financial management and analysis for the group’s clients.
Steve has been a service provider for the group since 2001, and focuses on the financial side of the business. He has developed a number of systems and programs aimed at helping garden centers get a better grasp on how money moves through their business, including the Weekly Department Review Report (WDR Report) which tracks the weekly sales of participating group centers in 25 categories. This open peer industry exclusive allows garden centers to compare their weekly sales, average sale and transaction counts and communicate with reporting centers.
Steve also manages the group’s Annual P&L Study, another industry exclusive and the most comprehensive profit and loss study of its kind. While the WDR Report focuses on sales and margins by category and transactions on a weekly basis, the Annual P&L Study includes sales and expenses and compares percent of sales for the garden center to both Best Practices/High Achievers Group – and reporting centers as a whole. This study also includes inventory turns, margin targets by category and the resulting Gross Margin Return on Inventory Investment (GMROII).
Steve selected Tim Quebedeaux as his new associate based on his “strength in numbers” and his ability to relate to garden center owners and managers through his industry experience. Tim has more than 20 years of garden center retailing experience. With both of Tim’s grandfathers in the green industry – one a farmer and the other a horticulture professor, he was destined to succeed in this field. While earning his bachelor’s degree at LSU in ornamental horticulture with mathematics and psychology minors, he started working at his first garden center, Clegg’s Nursery. After graduation, Tim and his wife moved to Atlanta to start management positions at Pike Family Nursery. They both spent eight years running various stores in the metro Atlanta area, while experiencing the transition to Armstrong Garden/Pike Nursery ownership. His next step took him back home to Louisiana, where he worked for Louisiana Nursery. He began managing the POS system and signage programs before being promoted to operations manager and finally to general manager.
Tim will begin his work with Steve by taking on the compilation of the Weekly Department Review (WDR) and assist Steve with the Annual P&L Study. He will also accompany Steve in onsite consultations.
“I am very excited to welcome Tim Quebedeaux as a service provider to The Garden Center Group,” said Danny Summers, managing director, The Garden Center Group. “We are very fortunate to work with some of the best in the business – Steve Bailey, Robert Hayter, Robert Hendrickson, Tom Kegley, Steve Kendall, John Kennedy, Sid Raisch, Christina Salwitz, and Jean Seawright and several others, and Tim will enhance our current financial services. He and Steve will, no doubt, make a dynamic duo to help our clients become more successful.”
For information about The Garden Center Group, visit http://www.thegardencentergroup.com or call 678.909.7770.