When I meet with a new client, I always ask, “What’s your exit strategy?” Usually, they’re focused on growing, and then will make a decision as to an exit later. Early in the growth…
Full disclosure: I’m not an employment lawyer. I’m a tax attorney and have worked with restaurants for 45 years. I’m also a restaurant owner and once took time off from practicing law to be…
Let’s continue a discussion we’ve debated in the Monitor for years: owning versus leasing real estate. Key Reasons for Owning Real Estate: 1. Flexibility: The benefit of owning real estate, as we saw during…
There is no one answer on the best way to finance a restaurant acquisition or fund new unit development, or even financing real estate. There is no secret or magic wand, just a lot…
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…
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…
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…
