Business Bankruptcy and Chapter 11

  • Business Bankruptcy and Chapter 11

    Synergy Restaurant Consultants specializes in restructuring and turning around struggling or financially distressed restaurants trying to avoid restaurant bankruptcy or working though a restaurant chapter 11 turnaround process.

    Retaining Synergy Restaurant Consultants is one of the best decisions a restaurant company can make to minimize the risk of restaurant bankruptcy. Hiring a great Chef or restaurant operations manager will not prevent restaurant bankruptcy. To avoid a financial disaster and restaurant bankruptcy it is that the restaurant organization be given sound restaurant advice from restaurant industry professionals on concept positioning, financial modeling, restaurant design, menu, staffing requirements, organizational infrastructure, management and training.

    Restaurant bankruptcy and restaurant Chapter 11 turnarounds can be complicated and emotionally stressful, taking its toll on all staff, board of directors and family members associated with the restaurant. To avoid restaurant bankruptcy or dealing with a restaurant chapter 11 turnaround, a fresh perspective is needed on how to drive revenue, control costs and deliver a memorable experience. Restaurant bankruptcies can be prevented only if owners, managers and board members are honest with themselves and recognize their shortcomings, and admit problems in the early stages.

    Synergy Restaurant Consultants specializes in restructuring and turning around struggling or financially distressed restaurants to avoid restaurant bankruptcy and restaurant chapter 11. The first step in turning around a restaurant in chapter 11 or in restaurant bankruptcy is pinpointing the reason(s) for poor performance. Once this is established, several steps can be taken including hiring Synergy Restaurant Consultants to help solve problems. Running a restaurant business is a complex and all consuming undertaking and requires extensive restaurant experience.

    Since 1988 Synergy Restaurant Consultants has been a strategic restaurant industry resource to over 200 national and independent restaurant brands from Applebee’s to Z’Tejas, in every dining segment. Moreover, we have supported 30 of the top 50 national restaurant business organizations in the USA.

    Synergy Restaurant Consultants is a team of dynamic and highly ethical restaurant business and management professionals. Our mission is to work closely with the management team and investors to bring stability, reduce risk and improve the financial performance of the restaurants.

    Our areas of expertise cover a broad spectrum of restaurant operations including:

    • Concept Assessment
    • Financial Analysis
    • Reorganizations and Restructurings (inclusive of debt)
    • Financial Workouts
    • Restaurant Turnarounds
    • Interim Corporate Management
    • Management Team Assessment
    • Training And Recruitment
    • Operating Restaurants
    • Menu, Marketing and Innovation Strategies
    • Exit Strategies

    The most effective way to create a meaningful path toward financial improvement and avoid chapter 11 restaurant bankruptcy is to engage the Synergy Restaurant Consulting team to conduct a comprehensive front and back-of-house Operations Assessment. The Synergy team will analyze, assess and review every dollar spent, or to be spent, in order to discover where the restaurant business is losing money and where profits and margins could be improved. Our top to bottom process evaluates current operating systems, standards, cost controls, food quality, price/value relationships and execution of the restaurant business. The deliverable is a thorough assessment of the restaurant business, current operations and specific recommendations for improving efficiencies and throughput, and for maximizing profitability.

    Synergy Restaurant Consultants can play a strategic role in helping a restaurant business avoid restaurant bankruptcy or a restaurant organization work through a chapter 11 turnaround.

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