Restaurant Profitability and Prime Costs – Ready for “Prime” Time?

Restaurant profitability and success can be traced to various factors. These factors can include: location, demographics, and concept.  Another key factor to consider is the restaurant’s prime costs. Prime Costs and Restaurant Profitability What are prime costs?  It is the total cost of food, beverage and labor. The food and beverage costs will typically be [...]

By | 2017-11-12T08:48:16+00:00 March 15th, 2017|Business Management|

Is it safe? Technology and safety: What you should know.

While speaking at a recent accounting conference on forensic accounting, a participant asked about “best practice” suggestions pertaining to technology safety.  Clearly this is a very broad and ever-changing topic.  This article is an attempt to capture some suggestions and to raise awareness, as most of us need to maintain at least a minimum level [...]

By | 2018-02-15T10:14:32+00:00 January 19th, 2017|Cyber Security|

Importance of Management Interview and Site Visit

When preparing a business appraisal for a business, financial statements, tax returns, leases and operating agreements are often reviewed and utilized.  Such information is useful in deriving an opinion of value, but often only provides a narrow and incomplete picture of the business.  As most business owners will tell you, there is more to their [...]

By | 2017-01-19T16:39:01+00:00 January 4th, 2017|Blog, Business Appraisal|