James McGehee is responsible for the Financial Services practice of RTS. He specializes in the creation and implementation of scalable, non-proprietary financial and information technology systems that align with the client’s specific needs.
McGehee’s recent project work includes arranging a private placement for a small, fast-casual chain seeking a financial sponsor. He has also served as interim CFO at Hamburger Hamlet and EL Gallo Giro. At Hamburger Hamlet, he helped trim $100,000 reduction from G&A expenses and another $200,000 from store-level overhead. At El Gallo Giro, he reduced accounting department overhead by 33 percent by integrating technology systems already in place.
McGehee was formerly Vice President of Finance at the Ruby Restaurant Group, parent company of 38-unit 1940s themed Ruby’s Diner chain. There, McGehee spearheaded the outsourcing of Ruby’s accounting staff and implemented a fully automated, Web-based financial data warehouse that processed and distributed daily, weekly and periodic financial reports.
Prior to Ruby’s, McGehee was responsible for finance department at Pasta Pomodoro, a rapidly growing 21-unit Italian-themed chain. McGehee integrated the company’s systems including POS, sales, labor and purchasing, enabling the company to increase the number of new stores by 80 percent with no increase in incremental overhead.
McGehee also served as Vice President of Finance for LT Acquisition Corp. where he was responsible for securing financing, evaluating new sites, and overseeing divestitures. In addition, McGehee streamlined operations, resulting in a 33 percent reduction of overhead. Earlier in his career McGehee’s worked as a Controller for Una Mas Restaurants and as a Senior Financial Analyst for Chevy’s Mexican Restaurants.