RECENT POSTS
Was the Restaurant Revitalization Fund a Success?
The Restaurant Revitalization Fund (RRF) was adopted by Congress in April 2021 to provide financial relief for eligible restaurants and related food and beverage service businesses. Over $28 billion in tax-free federal grants were approved
The Assault on Franchising Continues
In the last year, we reviewed three attacks on franchising, questioned whether franchising was in the crosshairs of federal regulators and legislators, and concluded that the answer was yes. However, a bigger threat to franchising
A Reprieve for Franchise Business Model in California
California Assembly Bill 257, the Fast Food Accountability and Standards Recovery Act (FAST Recovery Act or AB 257) was defeated by the California Assembly on June 3, 2021. The bill was introduced by Assembly Member
Potential Replenishment of the Restaurant Revitalization Fund
The Restaurant Revitalization Fund (RRF) was adopted by Congress in April 2021 to provide financial relief for eligible restaurants and related food and beverage service businesses. Originally, $28.6 billion of tax-free federal grants were approved
Impending Doom for Franchise Business Model in California?
California Assembly Bill 257, the Fast Food Accountability and Standards Recovery Act is currently pending in the California Legislature, introduced by Assembly Member Lorena Gonzalez. Also known as the FAST Recovery Act, Gonzalez introduced AB 257
Franchising Attacked Again
Earlier this year, we questioned whether franchising was in the crosshairs of federal regulators and legislators. It appears that the answer may be a resounding yes. Hit #1 appeared in September 2020, when Rohit Chopra,
Register and Apply ASAP for Restaurant Revitalization Fund Grants
The Restaurant Revitalization Fund (RRF) will provide financial relief for eligible restaurants and related food and beverage service businesses with $28.6 billion of tax-free federal grants if their revenue in 2020 was less than their
Restaurant Revitalization Fund Application Process and Guidelines Update
The Small Business Administration (SBA) released key details on application requirements (RRF Application), eligibility and a program guide (RRF Program Guide) for the Restaurant Revitalization Fund (RRF) on April 19, 2021. The RRF provides financial relief for eligible
Help for Food Service: Restaurant Revitalization Fund Grant Program
Restaurants have been severely impacted by COVID-19 because of permanent and temporary shutdowns that eliminated or reduced revenue, and the increased costs that many operators incurred to bolster take-out and delivery sales and accommodate a
New Revenue Rule Affects Franchisors
An updated rule issued by the Financial Accounting Standards Board (“FASB”) will again change when most franchisors can recognize revenue in their financial statements from the sale of their franchises and their collection of initial franchise fees.