Category Archives: Finance

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Mom-and-Pop Joints Are Trouncing America’s Big Restaurant Chains

Leslie Patton | Bloomberg | May 16, 2017 There’s a limit to unlimited breadsticks after all. Americans are rejecting the consistency of national restaurant chains after decades of dominance in favor of the authenticity of locally owned eateries, with their daily specials and Mom’s watercolors decorating the walls. It’s a turning point in the history

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3Q: Disappointing News For Restaurant Industry

The downturn for most of the restaurant industry continued during September. Same-store sales were negative for the fourth consecutive month and chain restaurants endured another period of declining guest counts. Even restaurant job growth, which until recently had been posting solid gains, dropped considerably. This insight comes from data reported by TDn2K through The Restaurant

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This Is Why Financial Planning Should Be In Every Chef’s Skill Set

The restaurant industry is a notoriously difficult place to do business. There are many reasons why first-time operators fail, but one of the most overlooked factors might just be the simple day-to-day bookkeeping. Understandably, most aspiring professionals, especially those chefs who want to open their own restaurant someday, don’t approach the subject of financial planning

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How.To.Buy.A.Restaurant

Why Your Restaurant Might Be Worth More (…Or Less) Than You Think

When a large, public companies or middle market business is considering an exit, they often use a multiple of EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) to determine a sale price for their business. But what about smaller, independent or multi-unit restaurants? This brings us to SDE (Seller’s Discretionary Earnings), which can be defined

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