Restaurant Industry Archives - Page 3 of 6

Franchisee/Franchisor Litigation—What Are We Going To Do About It?

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…

How to Use a Board for Your Company

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,…

Creative Use of SBA Loans

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…

New Paradigm of Restaurant Cooperation

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,…

What we learned

Last month I wrote about important issues to consider going forward from a financial standpoint. This month, I’ll focus on seven non-financial items I think we learned from the pandemic that we should take…

As we continue reopening, know what you still have to do

The pandemic may be starting to be in our rearview mirror, but don’t relax yet. There are still loose ends to attend to. Here are some actions that you need to be thinking of…

In rush to fully reopen, consider unit economics

We are all anxious to get our restaurants reopened. And therefore, we are all anxious to come up with new ideas to attract back our customers and attract new ones. But keep in mind…

What the Lenders Are Thinking

Working through the pandemic and watching the ups and downs of the financing world, I saw obvious winners and losers. The QSR world, particularly with drive-thrus, along with those with effcient takeout and delivery,…

McKinsey and Company survey helps predict the current state of the local restaurant industry

International consulting firm McKinsey and Company, took the Twin City restaurant community under its wing and provided a study of the current state of the local industry, both pre-pandemic and post-pandemic. Here are some…

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