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Hospitality Advisor - Second Quarter 2015


Second Quarter 2015

 

Sell-Side Due Diligence: A Smart Deal Strategy to Minimize Surprises and Maximize Value

As more restaurant companies come to market, buyers need to focus on deals they can close. How can you make your restaurant stand out? Many leading bankers require sell-side due diligence on the companies they are taking to market. By thinking like a buyer in advance of a sale, and focusing on areas of concern to an acquirer, a seller can boost its credibility with buyers. This can reduce the possibility of unwelcome surprises and increase the likelihood of a successful transaction. Moreover, sell-side due diligence may help drive valuation.

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Section 199 Deduction May Apply to Food and Beverage Production

Restaurants with off-site food preparation may qualify for the Section 199 deduction, which allows for a domestic production activities deduction for qualifying domestic manufacturing and production activities. Restaurants should closely examine their operations, especially as it relates to the production of food and beverage items for wholesale distribution, to determine if these activities qualify for the Section 199 deduction.

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The Franchise Arena – A Thought Leader Navigates Top Industry Issues

CohnReznick’s Kelly O’Callaghan interviews Justin M. Klein, Esq., Partner, Marks & Klein, LLP and Founder of Garden State Franchise Association, on issues top of mind for franchisors and franchisees, including the Affordable Care Act, the relationship between franchisor and franchisee, vicarious liability, and other hot topics.

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Minimum Wage Increase: Its Far-Reaching Impact on Restaurants, Workers, and Consumers - Why the Tax Authorities May Be the Only Winners

Twenty states had increased the minimum wage as of January 1, 2015 and now New York is joining those ranks at the end of this year. While intended to advance the earnings of lower-wage workers, the recently approved increase from $5.00 to $7.50 an hour for tipped employees in New York, to be implemented with no tip-credit relief, could negatively impact restaurateurs and their patrons and even the tipped employees themselves. The real winners may only be the federal and state tax authorities.
 

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Middle Market Equity Capital Report – Q1 2015

Heading out of 2014, a continuation of record-breaking IPO activity was forecasted for 2015. However, our latest report shows that Q1 2015 fell far short of expectations and as a result raises more questions than there are definitive answers to explain the 46% drop in IPO activity when compared to Q1 2014. The decrease in IPO activity was particularly felt among middle market companies. While healthcare, life sciences, and technology seem to attract most of the attention in the capital markets arena, industries such as hospitality are impacted by IPO and overall capital market transactions activity.

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Any advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues. Nor is it sufficient to avoid tax-related penalties. This has been prepared for information purposes and general guidance only and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its members, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

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