Case Study: Restaurant and Bar Review

January 1, 2012By Jean Hagan

This is a restaurant and bar that specializes in unique beer choices paired with an upscale menu. Different than other pub operators, this group has a commitment to also providing a high-level food experience. Location/Occupancy Costs Great location on a corner of the main street in a mid-sized town environment. Excellent occupancy costs ranging at … Read More

Case Study: Restaurant Company Review

August 1, 2011By Jean Hagan

The first thing we reviewed in detail was the financial statements. They were produced by a bookkeeping service that was inexpensive and inaccurate. We reformatted the numbers so the owners could read, understand, and calculate basic costs associated with the restaurant business. Once the financials were reformatted we compared their numbers to local and national … Read More

Client Spotlight – SPITZ

August 1, 2011By Jean Hagan

Los Angeles, CA Co-owners Bryce Rademan and Robert Wickland, classmates from Occidental College, operate two restaurants with the third one in development. The named the restaurant Spitz to highlight the slow roasting of minced roast beef and lamb pressed together and cooked on a vertical spit and sliced off to order. This Mediterranean dish is … Read More

Where’s That Invoice Going?

August 1, 2011By Jean Hagan

From the time an invoice shows up at your restaurant until it shows up on your profit and loss statement, it travels through every significant control system you have- or don’t have! Your account number with the vendor- what are your terms? Have they been updated after doing business with them for six months? Did … Read More