After decades of representing companies in the restaurant and franchise world, I’ve come to the conclusion the majority of the successful companies have effective boards. They can be formal, legal boards or advisory boards,…
Over the last three years, restaurant businesses have been privy to numerous loan programs and government benefits, several administered in conjunction with the Small Business Administration (SBA). The importance of the SBA as a…
Buyer Beware: Enforceability of Non-Competes in M&A Transactions M&A professionals and buyers have long taken comfort that courts will more broadly enforce non-competition and non-solicitation covenants in mergers and acquisitions in contrast to non-competes…
Selling Your Business? Consider a Donor Advised Fund. What Is a Donor Advised Fund (DAF)? A DAF is a fund held at a public charity or foundation for the purpose of managing charitable donations….
The one thing that has evolved in the restaurant industry is “Restaurant Darwinism,” or better known as survival of the fittest. What defines “the fittest” can be a restaurant’s unique food, the best location,…
You can’t pick up a restaurant periodical lately without reading how concepts are addressing consumer issues, technology and looking to refresh concepts and individual locations. And while these improvements are certainly necessary, they sometimes…
Once again in 2022, I have the opportunity to give my thoughts on the Monitor’s Top 200 ranking of the largest restaurant franchisees in the nation based on sales, that appears in the Restaurant…
A common question from early-stage restaurant companies is this: “When is the right time to franchise?” There is no set answer to this question, but many concepts franchise before their time and before they…
I am often asked what is the best legal structure for a multiunit operator. The answer can vary in a number of ways, especially if you have more than one concept which can necessitate…
