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Franchise Compliance Guide: Laws + Agreements

7 Shifts

The FTC Rule largely pertains to franchisors supplying prospective franchisees with a franchise disclosure document – a document from franchisors providing 23 key information points to franchisees regarding need-to-know information about the business. Proper Team and Labor Management Tools. These points include: Initial fees.

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5 Things Lenders Want to See in a Restaurant Business Plan

7 Shifts

It’s also a vital document that helps businesses qualify for better loans. Will you provide a casual or fine-dining experience? In general, lenders will want to see at least five years' worth of cash flow projections. Dedicate a section to show off your management team. Be sure to stick to realistic estimations.

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How to Write a Restaurant Business Plan [with Sample]

7 Shifts

You'll have a document to reference during the planning or opening of your restaurant. A restaurant business plan is a document that outlines the various aspects of your restaurant business. The management team. Management team. Section 5: Operations Plan. Section 6: Financials. Section 7: Appendix. Other Resources.

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Virtual Acceleration, Raising the Bar and Insult Monitor

Modern Restaurant Management

US Foods Holding Corp.entered into a definitive agreement to acquire Smart Foodservice Warehouse Stores from funds managed by affiliates of Apollo Global Management, Inc. NYSE: APO) (the “Apollo Funds”) for $970 million in cash.

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The Complete Checklist For Selling Your Restaurant In 2024: Pre-Sale, Sale & Post-Sale

7 Shifts

The goal is to determine the total amount of cash flow that will be available to the new owner after accounting for these types of expenses. Profitability Showing consistent profits and positive cash flow can increase the perceived value of your restaurant.

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[Updated for 2023] The State-by-State Guide To Tip Pooling Laws

7 Shifts

Specifically, The DOL applied the updates to the amendments that occurred in 2018 in section 3(m) and other sections in the Fair Labor Standards Act: First, employers, supervisors, and managers cannot keep employee tips under any circumstances, even in a tip pool. Managers that have the authority to fire employees cannot be included.

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Tech Team-Ups and El Pollo Loco Romance

Modern Restaurant Management

" Said Silvestri, "Daniel Boulud is considered a true a pioneer of the revolution and evolution of fine dining and to nurturing emerging talents, and despite the many additions to the list of most celebrated fine dining chefs we see today, Daniel remains one of the most highly-awarded and recognized chefs in America and the world.