In case you missed it, I attended the National Restaurant Association’s webinar today focused on the Restaurant Revitalization Fund and wanted to share a few notes you may find helpful. Restaurant Revitalization Fund The American Rescue Plan Act established a $28.6B Restaurant Revitalization Fund (“RRF”) within the US Small Business Administration. The NRA has published…

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PPP 2.0

The SBA and Treasury Department announced today that the Paycheck Protection Program (PPP 2.0) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw…

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Reset Your Restaurant Feature Image

This blog post is based on a virtual event presented by Kathleen Wood (of Kathleen Wood Partners and Suzy’s Swirl®) and Jamie Griffin (the founder of Consult to Grow® and a former Raising Cane’s Chicken Fingers® executive). The Reset Your Restaurant From Survive to Thrive builds on themes presented originally in the document: Re-Restaurant: The…

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Reopening Restaurant Dining Rooms Feature Image

States have begun to announce plans to reopen restaurants leveraging a framework from industry advocacy groups and guidelines from the White House. Reopening guidelines will be implemented on statewide or county-by-county basis at governors’ discretion. Always look for the specific guidelines for the states and/or counties in which you operate. You can find specific information…

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Addressing short-term cash management issues is key to creating resilience for your business. The Paycheck Protection Program has been the quickest way to liquidity so far. Paycheck Protection Program Maximization To help you maximize this program, we created this straw man model for paycheck protection program. Click here to download an interactive PDF of the…

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Dear Clients & Industry Friends, Thank you for your hard work and persistence.  I know you are working long hours, making tough decisions, and nourishing crew, customers and community. Your perseverance has not gone unnoticed by me and others.  While others may see you as a restauranteur, I see you as a storyteller, BOH therapist and good…

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Coronavirus & Restaurants: A Path to the Next Normal

Relaunch or Reopen Your Restaurant(s) in the midst of the Coronavirus Outbreak Download the FileRe-Restaurant Toolkit (A Path to the Next Normal) Our industry (and the good people who work in it) went into a tailspin three weeks ago as state and local governments began closing dining rooms and and issuing shelter-in-place orders. Darkened restaurants…

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Operating in a New Normal

Throwback Thursday Layoffs & Reductions in Pay Prepare yourself to make tough financial and personal decisions. For many clients, that has meant temporary layoffs and pay reductions. Conduct these conversations by phone one-on-one, if possible. Sample Letters for Download:Sample Layoff Notice [MS Word]Sample Wage Reduction Notice [MS Word] Add a COVID-19 Line to Financials Consider…

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