Restaurant Work outs
In the unfortunate event that a location has to close, we negotiate on your behalf to construct the most expedient, and least costly exit, with minimal collateral damage to your finances and family. We have successfully erased personal guarantees, and convinced banks to write off millions of dollars of debt.
While no one wishes to be embroiled in the complexity of an enterprise that is deconstructing, in most circumstances, the owner of a struggling or sinking restaurant is not only emotionally ill equipped to wrestle the many creditors seeking to seize their property, they have never been there before. Not every venture soars fiscally and having an advocate that understands your dilemma, speaks the language of the vendors, and negotiates aggressively on your behalf makes the difference between walking away, and crawling away.
