Director of Franchise Consulting
Jimmy Cholerton
Background and Experience:
Jimmy is a seasoned business leader with a broad spectrum of business, accounting, and finance related experiences. He has spent the majority of his professional career with McDonald’s Corporation in a variety of departments and locations. His experiences have afforded him the ability to gain skills in P&L and financial statement analysis, sales/income forecasting, real estate and investment analysis, restaurant valuations, and international accounting. Prior to working in accounting/finance departments in Washington DC and Chicago, he worked in the restaurants gaining operations experience that enhanced the service he provided to his internal customers after moving to accounting.
Jimmy is no stranger to FRSCPA as he has teamed up with the partners and staff for over the last 20 years as the McDonald’s regional controller and finance director in mid-Atlantic regions of the country. On several occasions he has worked with the firm in various financial bootcamps, seminars, and other educational meetings. As a former Treasurer of Ronald McDonald House of NC, he also worked with FRSCPA during the annual audit. Jimmy’s background provides a unique opportunity to support FRS’s clients in a variety of ways.
Jimmy’s primary role is working with owner/operators to provide sound advice about their financial health and overall economic position to assist them in planning for their futures as franchisees. He will assist in continuing the FRS legacy of building solid business relationships with the firm’s clients. You will see him at various business meetings that our clients attend to strengthen that relationship. His primary office location is in the Durham, NC office with FRSCPA partner, Joan Gibbons.
Jimmy received his accounting degree from North Carolina State University in Raleigh, North Carolina. He joined FRSCPA in January 2019.
When not in the office, Jimmy enjoys spending time with his wife Claudia, son Blake, and daughter Hope. He also spends several hours volunteering at his church, and as a board/committee member for various organizations. His favorite getaways are North Carolina beaches with family and friends.
Memberships and Organizations:
- North Carolina Association of Certified Public Accountants (NCACPA) – Associate Member
- Licensed N.C. Real Estate Broker – Provisional
Education:
- North Carolina State University – BA, Accounting
Community:
- Board Member – Ronald McDonald House of NC
- Board Member and Finance Chair – Wake Christian Academy
- Finance Committee Chair – FBC Garner