If you are looking to franchise your restaurant brand or are relatively new to franchising, it is important to understand your requirements for providing financial information within your Franchise Disclosure Document (FDD). The first requirement relates to financial information of your franchising entity. Item 21 in the FDD requires you to provide copies of your …
Third-party delivery services like Grubhub, DoorDash, UberEats, and Postmates have been growing in popularity over the past few years and will continue to grow. The industry is currently over a $15 billion dollars and is expected to grow at least 10% to 15% per year over the next five years. These services provide consumers the …
The mergers and acquisitions (“M&A”) market continues to be quite healthy compared to historical periods. The reason the M&A market is so healthy is because of the amount of excess capital available to fund alternative investments. For example, private equity funds (“PE”) and family offices have excess cash on their balance sheets and are looking …
Gift cards are a great way to attract new customers, increase your Company’s brand awareness and improve sales. Many gift cards are used in more than one visit by the consumer, and some gift cards never get used. Admit it, you have an un-used gift card hanging out in a drawer at home. So, how …
Successful restaurant companies are a hot commodity in today’s marketplace with existing operators looking to diversify segments served or leverage economies of scale through acquisition – and let’s not forget the private equity group interest. If you’re thinking of selling your restaurant, it’s important to know the value of your company to get top dollar …
Leading with courage takes many different forms and can be challenging to break tradition or old habits, but it can propel us forward to become better operators and corporate citizens. This year’s Restaurant Leadership Conference (RLC) took place at the JW Marriott Desert Ridge in Scottsdale, Arizona from April 7 – 10 with a theme …
Although the Qualified Business Income deduction (QBI or “pass through deduction”) receives all the favorable buzz with the new tax law, we want to make sure that you are aware of another provision established by tax reform – Section 163(j) – which is alarming to your tax-geeky CPA. First off, does this sound familiar? You …
Now that you’ve officially settled into 2019, you’re probably thinking about business opportunities for your restaurant – how to grow sales, reduce turnover or maybe update your menu. As 2018 has come to an end, we want to take this opportunity to look back on the year for a state of the industry assessment to …