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…
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…
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…
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,…
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…
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….
Funding new concepts is an important process in order to maintain a vibrant restaurant sector. But it’s a laborious and an often disappointing process, especially if you’ve never done it before and don’t have…
As evidenced by the Monitor’s Annual Top 200 restaurant franchisees, which was published in June, growth in multiple-concept ownership continues to accelerate. In recognition of this trend, we’ve developed a few key takeaways regarding…
As reflected in a recent Franchise Times article, there is no shortage of litigation between franchisors and franchisees. Our firm recently looked at the specific types of litigation that are the most common. These…
