Business

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  • Will my franchised restaurant make money?

    March 31, 2016
    Will my franchised restaurant make money? By Chad Finkelstein November 20, 2013 ‘How much money can I make?’ That seems like a fair enough question for a franchisee to ask of a franchisor. After all, the franchisee will be paying a healthy premium for the right to open a restaurant under the franchisor’s trade-mark, so it’s reasonable to ...
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  • Is your restaurant or foodservice operation ready to take the next step?

    March 31, 2016
    To franchise or not to franchise: Is your restaurant ready to take the next step?By Chad Finkelstein May 29, 2012 Franchising can be a powerful method of expansion for a growing restaurant business. Once you have experienced success with your brand and are considering ways to offer your restaurant services to a broader customer base, one of ...
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  • Is your restaurant ready for non-traditional expansion?

    March 31, 2016
    Is your restaurant ready for non-traditional expansion?By Chad Finkelstein February 21, 2013 Traditional bricks-and-mortar restaurant development is generally associated with standalone businesses operating inside of malls, strip plazas, power centres or storefronts. However, development opportunities do exist beyond the confines of these conventional venues, and they may present an exciting and unique way to appeal to ...
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  • Buying a franchised restaurant? Do your homework.

    March 31, 2016
    By Tony Wilson Leave a comment Just like unsinkable luxury liners aren’t supposed to sink, Franchised businesses are never supposed to fail. That’s why you buy a franchise, isn’t it? To get the good training, the better location, the brand recognition and the benefits of being part of a larger system and buying group. Its said that ...
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  • To lease or not to lease to a restaurant franchisee?

    March 31, 2016
    To lease or not to lease? That is the question By Chad Finkelstein October 2, 2012 When it comes to placing a franchisee at a particular location, franchisors generally have two options – be the tenant or don’t be the tenant. One of the most common lease arrangements in franchise relationships is where the franchisor negotiates a lease for ...
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  • Four options for franchising your restaurant

    March 31, 2016
    Four options for franchising your restaurant By Chad Finkelstein July 12, 2012 Once you have made the decision to either franchise your restaurant or acquire the rights to develop a franchised restaurant, there are several franchising options available to you. The availability and advisability of these options will depend on the nature of your franchise system, the territory ...
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  • So you want to register a trade-mark for your restaurant?

    March 31, 2016
    So you want to register a trade-mark for your restaurant? By Chad Finkelstein January 15, 2013 Last month, I discussed the advantages of obtaining trade-mark registration before you start to franchise your restaurant. The term “advantage” may be understating the critical importance of trade-mark protection when you are licensing intellectual property to franchisees that are relying on the ...
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  • Items to consider before franchising your restaurant

    March 31, 2016
    Items to consider before franchising your restaurant By Chad Finkelstein April 15, 2013 Franchise lawyers regularly get calls from business owners who are considering taking the step of franchising for the first time, and are asked that very question. While we are specialists within the industry, and have a unique perspective as a result, lawyers must take care ...
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  • Four essential elements of a franchise and meeting legal compliance

    March 31, 2016
    Four essential elements of a franchise and meeting legal compliance By Chad Finkelstein June 22, 2011 I frequently get approached by businesses who do not believe that they are franchises. It is common to hear that they just want to enter into a simple licensing agreement, so that they do not have to worry about all of the ...
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  • How to handle online complaints

    January 20, 2016
    In the hospitality industry, above all else, it is the experience that is sold. Those experiences may come in the form of dining, hotel stays or retail purchases. Long after a meal is finished, the major takeaway is the experience.  Positive guest experiences are the number one driver of new business in the form of ...
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  • Seven rules to successfully open a restaurant

    November 23, 2015
    By Diane Chiasson Opening a new restaurant from scratch is a lot more complicated than you think.  My parents had a restaurant together and later on, my mother opened a small bakery. From my years of helping hundreds of operators successfully start, different types of foodservice operations, and for those who are thinking of opening a ...
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  • Secrets to Success

    April 17, 2015
    Secrets of success: 10 key factors for running a profitable restaurant By Geoff Wilson and Jeff Dover, fsSTRATEGY Inc. Leave a comment Tracking 2,500 restaurants over a three-year period, an Ohio State Univer sity professor concluded that 25 per cent of restaurant startups failed within the first year, and 60 per cent of restaurant start-ups failed over ...
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  • What do you mean your restaurant doesn’t have a shareholders’ agreement?

    April 9, 2015
    By Chad Finkelstein April 9, 2015 Running a restaurant is hard work. Granted, I have zero experience operating a restaurant, but a lot of my clients do, and as a lawyer to companies operating in the foodservice industry I know how much blood, sweat and tears restaurant owners pour into their businesses day in and day out, ...
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  • Succession planning for restaurant owners

    March 16, 2015
    RM: Grano was created as a cultural expression as much as a culinary and commercial enterprise. It was an attempt, unconsciously, by (my wife) Lucia and I, to address the disconnect between the Italy of post-WW II immigration and that of contemporary Italy which benefitted by an economic boom and modernization. It seems fitting, then, ...
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  • Measuring the right figures to ensure your restaurant’s success in 2014

    July 24, 2014
    Leading indicators: Measuring the right figures to ensure your restaurant’s success By Matt Rolfe July 21, 2014 With 2014 in full swing, new trends are swirling in the restaurant industry and starting to build momentum. Some will deliver strong success to operators in 2014. The key is determining which trends to implement into your business and what kind ...
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