Over the years we’ve helped many restaurants and landlords work with each other and have seen ugliness on both sides. We’re often baffled at the lack of empathy each side can have for one another. For instance, Landlords have a mortgage to pay. When tenants seek rent abatement because they’re not profitable or they are starting […]
5 Things Real Estate Developers Should Know About Leasing to Restaurants Read More »
Another new year is almost upon us. You’ve made it through the tough parts of the pandemic and you’re looking for a new business venture…one that’s challenging but fun…something you can show off and grow. Real estate has historically been a great place to park your money but it’s not much of a buyer’s market
Opening a Restaurant – Getting Started Read More »
So, you think you want to quit your job and open a restaurant…or become a rock star. Those are pretty natural instincts when you’re trying to figure out where your life is going if you’ve made a wrong turn. Possibilities for becoming a rock star are a little easier to contain as talent is somewhat
Opening a Restaurant – How Much Should You Pay for Your Rock-n-Roll Lifestyle? Read More »
It’s that time of year! July…halfway through the year… the beginning of Q3. Somewhere in December most restaurateurs compile a list of things they want to accomplish for the year, vowing to use the “down time” after the holidays to regroup and get ready for Q2. Springtime is usually good to restaurants and this year
Half Year Resolutions Read More »
M&A activity in large public chain concepts is well documented and thriving. In fact, Atlanta-based Roark Capital / Inspire Brands acquired their way to the 2nd largest restaurant company in the US. Indeed, M&A activity has grown at a 9% compound annual growth rate (CAGR) over the past five years and “has topped more than
Mergers and Acquisitions are for Independent Restaurants Too Read More »
Everyone has said for a year now that restaurants will not be the same when we come out of The Pandemic; that evolution is inevitable. Well, spring is here, shots are in arms, and restrictions are being lifted. It is time to decide what we have become, buy some land, and get those shovels in
What Restaurant Should You Build in 2021? Read More »
In plain and simple terms, a restaurant business plan is a written document that outlines your restaurant’s goals and the means of achieving those goals while defeating potential challenges. It describes the nature of your business, background information, financial projections, and organizational techniques to govern your restaurant’s daily operations. A restaurant business plan is a
Restaurant Business Plan: A Comprehensive Guide to Attract the Investors You Need Read More »
Did you know that 33% of restaurants don’t make it past the first year in business? Opening a restaurant takes good planning, heavy investment, and skillful management. Being a food entrepreneur is not just about making and selling great food. It’s about creating a unique experience that customers are willing to pay for. Opening a
Open A Restaurant With Killer Concept Development Read More »
Although the din of Auld Lang Syne has faded, we can still hear ZuZu saying, “Teacher says, every time a bell rings another restaurant closes” … something like that. As we have recently learned (and continue to see), pandemics are hell on restaurants. When a business sells a product that depends on social gathering through
So, You Think You Know How to Run a Restaurant? Read More »
It’s the end of the 2020 Summer and COVID-19 is still running wild. Elections are on the horizon and, regardless of your political bent, moving left or right carries downsides that don’t quite feel great for the country as a whole. The only constant is uncertainty and restaurants continue to suffer mercilessly with no end in sight until a vaccine is imminent (no easy or automatic task) or herd immunity runs its course. So why on earth would it be a great time to START a restaurant?
Opening A New Restaurant…NOW?!? Read More »
