RESTAURANT FINANCE

What Kind of New Concepts Should I Choose?

Franchisees are always on the lookout for new opportunities. Sometimes deciding which new restaurant concepts are strong opportunities for expansion is like spinning a roulette wheel and hoping your number lands. Not all new…

Maximize Tax Savings and Options Through the Use of Effective Structure

One tax season down and on to the next. After all, taxes are one of two certainties in life and restaurant owners could use some certainty right now. There are some structural ideas I…

Getting Ready to Refinance

Lately, we’ve seen a growth in the number of restaurant companies either getting ready or already actively involved in the process refinancing their senior debt. There has been some hesitation due to interest rates…

Restaurant Owners: Is an ESOP in Your Future?

Brian Bornino, director of GBQ Capital Advisors and an expert on succession issues and employee retention, and I have discussed that ESOPs are an expedient way to provide for succession and employee compensation. They…

Time to Look at Your Leases

During the pandemic, restaurant leases mostly were renegotiated for an interim period, but now you must find long-term solutions for both good and bad sites. Bad sites: Finding ways to get out For franchised locations, contact…

Some Key Follow-Up to Your COVID Relief Funds

The effects of the pandemic aren’t over, so be aware of some of the current follow-up and ongoing issues associated with COVID Relief Programs. Erik Ordal of Myslajek Kemp & Spencer, whom I consider…

Eight ideas for your restaurant company in 2024

If there was one theme at the latest Restaurant Finance & Development Conference, it was uncertainty. Some say a recession is imminent, some say it’s not. Some say the interest rates will stay flat,…

Six Year-End Tax Ideas for Restaurant Owners

Closing out the year there are obvious ideas that carry over every year, like accelerating payment for services or securing extra depreciation for fixed assets placed in service during the year. There’s also something…

Thinking Outside the Box for Funding Your Restaurant Company

Following up on last month’s article about the financial start-up process for new restaurant concepts, I’d like to take it one step further and discuss creative ways to fund your restaurant business for growth….

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