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Bank of America Hires Relationship Managers, Credit Positions

Bank of America Merrill Lynch recently hired four executives to expand their Restaurant Group there.

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CoreLife Eatery— A Brand on the Move

CoreLife Eatery, based in Binghamton, New York, is building a lifestyle brand from the inside out. CoreLife embodies an intersection between “we are what we eat” and “find what works for you.” The company further describes its objective: “Food determines how you feel, how you look, and most importantly, how you perform.” Visit www.rogerlipton.com to view free restaurant company descriptions and other articles.

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Will Your Retirement Lunch Menu Change In A Recession?

There have been many articles written, sporadically timed, about the impending recession. The timing of such a projection has been challenging. During our Toroso investment committee meetings we too often discuss this risk as well as many others that can affect portfolio outcomes.

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MUFG Expands Food & Beverage Practice, Hiring Three Senior Restaurant Finance Bankers

Mitsubishi UFJ Financial Group (MUFG) announced it is expanding its Food & Beverage practice by hiring three corporate bankers with extensive experience in the restaurant finance sector.

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Fat Brands, Inc. Registers $30 million Preferred to Pay Off Sardar Biglari

Fat Brands, Inc. (FAT-NASDAQ CM), the restaurant franchisor of Fatburger, Buffalo’s Cafe, Buffalo’s Express, Hurricane Grill & Wings, Yalla Mediterranean, the Ponderosa and Bonanza Steakhouses, and the recently acquired Elevation Burger, has registered a “best efforts” offering of up to $30 million of preferred stock and warrants.

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Inside Kura Sushi’s IPO Filing

Kura Sushi USA, a wholly-owned subsidiary of Osaka-based Kura Sushi Japan, filed an S-1 with the Securities and Exchange Commission last week and intends to raise approximately $58 million in an initial public offering. BMO Capital Markets and Stephens Inc. are underwriting the offering.

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MOD Pizza—A Dynamic Up & Comer

MOD Pizza, based in Bellevue, Washington was founded in 2008 by Scott and Ally Svenson,. The Svensons had built two successful food service companies while living in England.Visit www.rogerlipton.com to view free restaurant company descriptions and other articles.

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Ascentium’s Len Baccaro Assists Franchisees With Project Financing

Len Baccaro is helping franchisees hit the “refresh” button by providing project financing for store remodeling mandates, among other projects.

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Gandhi Expects Shifting Consumer Trends to Spur More Capital Investment

Brookwood Associates Managing Director Anish Gandhi is a self-described “foodie” who has an avid interest in the product and trends impacting his clientele in the restaurant sector.

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Executive Team Out at Sizzler USA

Sizzler USA is undergoing a significant management shift. CEO Kerry Kramp is among five executives who exited the iconic West Coast brand early last week. It’s unclear whether they quit or were forced out.

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Concept Spotlight: Noble Roman, Inc. (NROM)

The highlight of Noble Roman’s first quarter report was the first franchised Noble Roman’s Pizza & Pub in Lafayette, Indiana, that opened on May 2. Visit www.rogerlipton.com to view free restaurant company descriptions and other articles.

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Nunes: A Career in Calculating Risk

When he was a kid, he wanted to grow up and be a pilot or a race car driver. “Something with speed,” said Daniel Nunes with a laugh. “I liked risk.”

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ConnectOne Bancorp to Acquire BoeFly

“We were looking for an entrepreneurial bank,” said Mike Rozman, CEO and co-founder of online lending platform, BoeFly.

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Restaurant Brands International - All three stocks are down—What’s going on?

Well regarded pure franchising Restaurant Brands Int’l (QSR), best of breed company operator, Texas Roadhouse (TXRH), and the mature, professionally managed, multi-chain operator and franchisor, Brinker International, (EAT) all reported their March quarter within the last 36 hours. Visit www.rogerlipton.com to view free restaurant company descriptions and other articles.

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New Approaches to Restaurant Accounting

Today, every number from the POS system goes straight to a database, every bottle of liquor is counted, and counted again, and every cent of revenue is vital to the bottom line.

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