While revenue is still the biggest issue affecting the restaurant industry, recruiting, securing and retaining employees are all tied for second place. To be considered an employer of choice, restaurant owners need to use creative and aggressive compensation techniques. I have divided compensation techniques into four categories: 1. Direct compensation: If you haven’t already, develop […]
Two words come to mind for the anatomy of a deal the last few years: flexibility and creativity. Those two words were the hallmark of deals completed during the height of the pandemic and are still appropriate for 2022 deals. Let’s look at some basic controlling factors affecting deal pricing. First, since deals are normally […]
The restaurant industry has undoubtedly been one of the hardest hit by the COVID-19 pandemic. The recently passed American Rescue Plan Act includes a vital provision for some of the businesses hardest hit by the pandemic, the Restaurant Revitalization Fund (RRF). The RRF will provide $28.6 billion in grants to restaurants and bars in need […]
