Restaurant Industry – Impacts of COVID-19

Restaurant Industry – Impacts of COVID-19

In this time of crisis, Owners & Operators, as well as Lenders and Suppliers are looking at the rapidly changing economic landscape and wondering: How long will this last? How quickly will the economy recover? Can I keep my business intact for the future? Owners...
MINIMUM WAGES AND LABOR COSTS

MINIMUM WAGES AND LABOR COSTS

Restaurant operators are faced with margin pressures unlike any ever experienced.  Food costs and Labor costs constitute a majority of the restaurant cost structure usually in excess of 60% of revenues.  Experienced operators have weathered commodity challenges from...