Faculty: Gerard Centioli, Icon LLC, Founder, President and Chief Executive Officer, www.icon.com Kurt Huffman, Chefstable LLC, Owner, http://chefstablegroup.com Sam Goldfinger, The One Group, CFO, www.theonegroup.com Brad Klapper, Nourish Capital, Managing Partner, www.nourishcapital.com Marc Williams, DWT, Attorney, www.dwt.com Session Purpose: Earlier stage restaurants have learned to be extra creative and resourceful in obtaining financing over the… Continue Reading
Category Archives: Restaurant Finance
Subscribe to Restaurant Finance RSS FeedDemystifying Private Equity for Growth Restaurant Concepts
Posted in Restaurant FinanceFaculty: Chris Reilly, KarpReilly LLC, Co-Founder, http://www.karpreilly.com/ Jon Owsley, Catterton Partners, Partner, http://www.cpequity.com/ Laird Koldyke, Winona Capital Management, Managing Partner, http://www.winonacapital.com/index.htm Mark Saltzgaber, http://www.marksaltzgaber.com/index.php Russ Bendel, Habit Restaurants LLC, CEO, http://www.habitburger.com/no-substitute-for-quality/ Greg Dollarhyde, Veggie Grill, Inc., CEO, http://veggiegrill.com/ Session Purpose: Not surprisingly, growth financing for emerging restaurant concepts has been challenging to obtain the past… Continue Reading
A New Meaning to “Eat and Run”? Restaurants and Mobile Payments
Posted in Government/Regulation/Alcohol, Restaurant FinanceMany mobile payment systems tailored for restaurants and other food vendors were introduced in 2011. Restaurant-industry insiders say 2012 could be a year of widespread adoption of these systems – and possibly a shakeout among them. Set forth below is a brief overview of leading systems, followed by a discussion of key legal and network-rules… Continue Reading
Revised Standards for an Accredited Investor: A Legislative Update on Dodd-Frank
Posted in Restaurant FinanceRestaurant businesses depend on private investors for capital. Fledgling restaurants need the funds to pay startup costs, while more established restaurants need it to expand, renovate, and maintain adequate working capital. Whether you interpret them as an appropriate correction to protect investors or an unnecessary restriction on the flow of private investment, recent amendments to… Continue Reading
From the Buy Side: The Mini-Financing Contingency
Posted in Restaurant FinanceIn an ideal buyer’s world, every potential buyer or bidder in an auction would be able to negotiate a full financing contingency as a closing condition to an acquisition. However, in a competitive bidding scenario or even in a scenario where the seller has considerable leverage in the transaction, a buyer sometimes must forgo the… Continue Reading
Tips for Limiting Seller Liability in Restaurant M&A Transactions
Posted in Restaurant FinanceAlong with enjoying the decline in target valuations caused by the economic downturn, both strategic and financial buyers have enjoyed leverage in negotiating seller liability provisions in merger and acquisition transactions. As the economy improves, it is expected that sellers will regain some leverage in negotiating these provisions. Due to the restaurant industry’s retail and… Continue Reading
Bankruptcy Basics
Posted in Restaurant FinanceThere are two kinds of bankruptcy: liquidation and reorganization. Chapter 7 governs the liquidation of all debtors. Chapters 9, 11, 12, and 13 provide for reorganization of different types of debtors – municipalities, companies, farmers, and individuals. Liquidation is straightforward. A trustee is appointed to investigate the debtor’s assets, liquidate nonexempt assets, and distribute… Continue Reading
The Pros and Cons of the Affinity Investor
Posted in Restaurant FinanceRestaurant businesses attract more affinity investors than most other businesses. Affinity investors tend to value the non-economic benefits of their investment more than the economic returns. They value their ability to associate with the restaurant’s management and staff, and they enjoy the recognition they receive from friends and business associates. They also may believe that… Continue Reading
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