LLC or Corporation? How the Choice Can Effect your Maryland Liquor License.

One of the key questions we are often asked by startup restaurant businesses is what type of business entity the founders should form – a corporation or a limited liability company. There are multiple factors that go into the corporation vs. LLC decision, of course — taxation, management, liability protection, investment structure, etc.   But […]

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Tough Market Makes a Good Restaurant Lease More Important than Ever

2017 has not been the easiest year for restaurants, particularly for sit down casual dining restaurants. Reports of store closures, missed earnings, and abandoned concepts have been a common occurrence this spring, as restaurants have tried to recover from its worst year since the recession. Even fast casual chains, which had been thought to be insulated […]

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In Restaurant Sales, its You and Me and the Landlord Makes Three

When involved in a restaurant transaction, the parties (understandably) spend much time and effort on examining the health of the business and the terms of the deal itself. The buyer will, among other things, study the restaurant’s revenues and operating expenses, any potential liabilities, and the condition of the equipment involved. On the other side, […]

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The Four Relationships that Can Make or Break Your Restaurant Business

The restaurant business, like almost all businesses, is about relationships. And, of course, the most important one you will have is with your customers. If you don’t preserve that relationship, you won’t have a business for very long. But there are other relationships that must be protected just as jealously, because if any of them […]

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Don’t Even Think About Buying a Restaurant Without Answering These Four Questions.

For generations, owning and operating a restaurant has been a common dream for would-be entrepreneurs. Unlike many other businesses, most of us think we understand how restaurants operate (we all eat at restaurants, don’t we?), and there is a certain charm and allure to the idea of welcoming our friends and neighbors to a place […]

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